Emulate the PNG Villager
VERY few things happen in isolation in today’s world of globalising business and commerce. Rising cost of living throughout PNG is not just the price we pay for bad governance but the net effects of a world gone crazy. There is hyperinflation in the months ahead. The evidence is everywhere. The United States is recklessly printing money while many of Europe’s economies are facing massive sovereign debts that threaten to bring not just those economies but the rest of Europe down with them. Greece, Portugal, Ireland and possibly Spain are now economies facing unsustainable debt burdens. And we thought debt of that sort was the exclusive preserve of least developed nations. Real estate markets continue to be overpriced, both here and abroad, as if nobody has ever learnt from the property credit bubble burst of 2008 which triggered worldwide recession. The United States is simply printing more money to stay afloat but it has a huge debt that Congress and the president have not come to t