YOURSAY | Money, money, money - Economics 101 for Wan Fayhsal

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YOURSAY | ‘Malaysia, under PN, seems determined to outdo Zimbabwe.’'Printing money' - Fayhsal says critics don't understand, make false assumptionsDr Raman: Actually, Youth and Sports Deputy Minister Wan Ahmad Fayhsal Wan Ahmad Kamal does not get it because he reads these things elsewhere, as in the Bersatu Youth Economic Bureau post, and broadcasts it to the public as his brainchild.You can't blame him because he himself does not understand simple economics despite the hundreds of comments and explanations, so his only defence is that he read it elsewhere.To be fair to him, let me explain in the terms he could understand.Let's say he's used to buying a packet of nasi lemak for RM1. One day he gets smart and tears the ringgit note into two (equivalent to doubling money supply), and demands that he gets a packet of nasi lemak for half a ringgit.The nasi …