Thanks for the book info. Got that scheduled for my next read. I agree it's maybe possible a temporary consumption stimulus might help in the very short term but I see that in this current Thailand case it's a payment stimulus to all Thai citizens plus, what seems like, a very radical cut in prices for a whole lot of goods and services. Obviously the government has paid for the distribution of money to citizens but I'm not sure whether the agreement with manufacturers/retailers to slash prices has been made by the government subsidising the cuts or if manufacturers/retailers "volunteered" to help. I imagine politics and business/government connections might have to be considered! I'll be watching with interest what happens in their economy over the next few months.
Thanks for the book info. Got that scheduled for my next read. I agree it's maybe possible a temporary consumption stimulus might help in the very short term but I see that in this current Thailand case it's a payment stimulus to all Thai citizens plus, what seems like, a very radical cut in prices for a whole lot of goods and services. Obviously the government has paid for the distribution of money to citizens but I'm not sure whether the agreement with manufacturers/retailers to slash prices has been made by the government subsidising the cuts or if manufacturers/retailers "volunteered" to help. I imagine politics and business/government connections might have to be considered! I'll be watching with interest what happens in their economy over the next few months.