Surapong calls for Buddha’s help to fight inflation

Surapong, Finance Minister and deputy prime minister, told a seminar entitled “The Energy Crisis: Thailand’s Economic Scenario”, hosted by Krungthep Turakij, that middle-path economic policies were necessary at this time, based on Lord Buddha’s Kalamasutra lesson, so that the problem was managed properly.

“Our past beliefs must be examined to see if they are suitable for the current situation. Many things that happened in the past do not necessary repeat themselves now. We must not be held back by the old beliefs,” he told the audience.

He insisted he was not critical of the Bank of Thailand, which inclines towards higher interest rates to tackle inflation, but said the central bank must not attach itself to the old theories and should instead welcome new ideas. (Nation)

Let’s see… The BOT is willing to increase rates… But Surapong says that the BOT must welcome new ideas…

Is it like a… pressure on the central bank ? You fool, of course not ! The BOT is independent ! I mean it’s written in the law. And we all know that the law is sacred in Thailand. ๐Ÿ˜‰

Furthermore, what would be those “new ideas” to fight inflation ? What would do Lord Buddha in this situation ? Hum… tricky question.

Last word : I’m wondering if Surapong thinks that his “boost” policy and other “stimulus packages” are… what he calls… “middle-path economic policies” ? ๐Ÿ˜‰

Another perfectly normal day in Thailand.

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

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