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About Tomas Forgac
INESS Correspondent, Singapore
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Economy

Swiss Franc Might Hurt Exports, But Not the Economy

Tomas Forgac/January 23, 2015August 31, 2017 /Leave a comment

By stopping the intervention, central bank merely reversed its own wrongdoing and allowed trade to re-balance to its natural and desired equilibrium.

Photo: Wikimedia Commons
Economy

MonkeyParking and Tragedy of Commons

Tomas Forgac/July 18, 2014August 31, 2017 /Leave a comment

In case of San Francisco parking spaces, the city obviously rents out these spaces way below market price (or even free), which makes it financially interesting for (probably unemployed or underemployed) drivers to occupy them and sell them off for market rates.

Photo: Wikimedia Commons
Economy

EU and Unexpected Costs

Tomas Forgac/May 8, 2014August 31, 2017 /Leave a comment

European Commission wants to tackle down on in-app purchases of add-ons for free tablet and mobile games. Commissioner Neven Mimica said, that “consumers, and in particular children, need better protection against unexpected costs”. He’s absolutely right.

Economy

Minimum Wage: Clueless Obama Strikes Again

Tomas Forgac/February 11, 2014August 31, 2017 /Leave a comment

Minimum wage debate is in full swing again after President Obama desperately trying to save his approval rating – with the exception of Nixon, worse than any other postwar second-term president – urged Congress to raise its federal level to $9 / hour.

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