Does perishable e-money represent the future of fiscal stimulus?
Hong Kongers must use their consumption vouchers or lose them
“IF YOU WANT to see how the free market really works this is the place to come,” said Milton Friedman in “Free to Choose”, his 1980s TV series. He was sitting on a cross-harbour ferry in Hong Kong. The city, he said, was an “almost laboratory experiment in what happens when government...leaves people free to pursue their own objectives”.
This article appeared in the Finance & economics section of the print edition under the headline “Temporary income hypothesis”
Finance & economics August 7th 2021
From the August 7th 2021 edition
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China meets its official growth target. Not everyone is convinced
For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s
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New economic research suggests so
Why catastrophe bonds are failing to cover disaster damage
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