October 13, 200619 yr I'm not an economist. I really do not understand the implications of the following article, but here it is. I think many of us would be grateful if someone familiar with economics can explain what, if anything, this is likely to mean for "farang" as well as Thais. __________ BANGKOK, Oct 13 (TNA) Deputy Prime Minister and Finance Minister Pridiyathorn Devakula on Thursday revealed the ministry would emphasise the implementation of the monetary and fiscal policy by adhering to the sufficiency economy principle. Delivering the performance policy to the ministry
October 13, 200619 yr Oh my gosh Thatcherism - that will push the baht even higher? Rather at odds with the Good Housekeeping statement:? Patients will receive total free health care, not be charged Bt30 Public Health Minister Dr Mongkol Na Songkhla said Thursday that the Bt30 healthcare scheme must be renamed. "The 'Bt30-cures-all-diseases' was what the Thai Rak Thai party employed as its marketing gimmick," said Mongkol. "Well, just because I don't want to use this logo of the past government does not mean I don't agree with them. The point is, I don't want the patient to be charged Bt30 [per a hospital visit] any more." The doctor saw no good reason to charge a patient a Bt30 service-charge as the money was almost nothing to the hospitals joining this scheme, he said. "They collect the Bt30 and have to write it down in three accounts while other patients wait in a long line," he said. "It's not worth it. Let them save time for more patients." Mongkol noted that some small health care units collected only Bt120 or Bt150 a day, yet had to spend a great deal of time doing the accounts. The Nation
October 13, 200619 yr Some of this sounds like the Bill Buckley theory of economics (use some fancy words and it actually sounds intelligent!). Some of this could maybe be rephrased: Deputy Prime Minister and Finance Minister Pridiyathorn Devakula on Thursday revealed the ministry would emphasise the implementation of the monetary and fiscal policy by adhering to the sufficiency economy principle. Delivering the performance policy to the ministry
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