By Bal(t)imoron, 2 months and 13 days ago
Throwing Money Away
Gallup concludes that with higher fuel costs and ameliorative handouts, it will be a very expensive year for Indonesia.
Given Indonesians' already dismal outlook on their standard of living and economy, it raises the question of how much patience they will show with their government -- especially in next year's election -- if high inflation persists as expected. As in 2005, the government is giving Indonesia's poor $1.5 billion in cash handouts over the next year and a half to help stem unrest and ease the financial strain of higher prices. This approach appeared to quell protests then, but double-digit inflation persisted for more than a year afterward.
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