Throwing good money after bad
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Re: "The unfortunate link between purchasing power and indebtedness", Street Wise, September 1.
I agree with Achara Deboonme that the government’s planned injection of money into the hands of the rural poor – in order to boost their purchasing power and revive the flagging economy – must not be done in a way that ends up worsening their indebtedness.
The Prayut government’s newly appointed economic tsar, Somkid Jatusripitak, has a reputation for being a big spender of government money when it comes to tackling national economic problems.
Let’s hope that this time around our government doesn’t aggravate household debt among the rural poor by throwing good money after bad.
Vint Chavala
