Hong Kong's Hodgepodge Budget; The rise in public expenditure threatens the territory's tradition of low government intervention

Why government should subsidize any particular form of consumption is a mystery, but electricity is an especially bizarre choice, given that the government says it encourages energy conservation to reduce air pollution. There are two reasons for asset price inflation: ultra low interest rates thanks...

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Bibliographic Details
Published in:The Wall Street journal. Eastern edition 2013-02-28
Main Author: Bowring, Philip
Format: Newspaper Article
Language:English
Subjects:
Air pollution
Bernanke, Ben
Budgets
Bureaucrats
Capital expenditures
Consumption
Economic development
Electricity distribution
Energy conservation
Government spending
Infrastructure
Maternity & paternity leaves
Outdoor air quality
Prices
Profits
Small & medium sized enterprises-SME
Taxes
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Summary:Why government should subsidize any particular form of consumption is a mystery, but electricity is an especially bizarre choice, given that the government says it encourages energy conservation to reduce air pollution. There are two reasons for asset price inflation: ultra low interest rates thanks to Ben Bernanke, and a land shortage created by the monopoly supplier--the government.
ISSN:2574-9579