On Monday 4th May 2020 the MCO will be gradually lifted allowing people to go to work. This is great news because we need to produce goods and services for life to continue. Malaysia responded with a Movement Control Order effective from 18 March 2020 in order to contain the spread of the Covid19 pandemic. We started to test people entering the country, contact tracing from people who … [Read more...]
What Covid-19 Pandemic Means to Me
As one scholar put it, never since Adam (peace be upon him) set foot on Earth, a lockdown at this scale has been imposed on entire mankind; forced to stay indoors at home, simultaneously. This is the first time mankind is experiencing anything like this. We are indeed living in a very unique time in the history of our existence. This pandemic of Covid-19 gives me mixed feelings. It … [Read more...]
Financing Sudden “Unexpected” Public Expenditures, as in Covid-19 Crisis
In this is short illustration on the economic effects of different modes of financing unexpected public expenditures. We shall see five scenarios: 1. The economy with real money as in the time of Prophet (saw) 2. The economy with fiat money as in the current world. In this scenario we shall consider four different modesa. Sadaqah/Wakafb. Lending/Borrowingc. Quantitative Easingd. Netting … [Read more...]
Are We Taking the Right Measures to Fight the COVID-19 Outbreak?
This article looks at the Covid-19 problem purely from a statistical-economic perspective. However, the views of the medical, immunology and epidemiology experts are more vital here. I watched a video in one of my WhatsApp groups where some children were playing in a playground and a police car came forth and made an announcement asking everyone to vacate the playground and return … [Read more...]
Financing Covid-19 Crisis Recovery and the Economy Post Covid-19
Covid-19 is the new buzzword. Indeed, the disease has taken the world by surprise, declared as a pandemic by World Health Organization (WHO) on 11 March 2020. Most countries have responded with some degree of lockdown of the society, forcing many to stay at home, or if lucky can work from home. The restricted movement order (RMO) imposed surely would bring about a supply shock due to labor … [Read more...]
Interest Rate vs. Fertility Rate
Solution for Countries to Boost Back Shrinking Populations In the last few decades global fertility rates have, in general, been on the downward trend, affecting some countries more than others. Fertility rate refers to the average number of children that would be born to a woman if she were to live to the end of her childbearing years. This rate is of particular interest to those who study … [Read more...]
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