Its an apple to apple comparison sir, all per capita GDPs are denominated in USD.
Even by PPP, we are much higher than USA.
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
Looks like you don't even know what you are talking about sir.
Its PPP remember? That already took into account whatever inflation.
What would you use as an objective measure then? Please explain clearly so we can make sense of what you say sir.
I don't think you understand my post. The US$ is historically, even artificially low, and will be (through the end of 2014 according to Bernanke) This is unprecedented in History, and granting that the neoclassical economic theory at the center of the Fed is sound and the process of deleveraging (perhaps delflation) eventually results in economic growth some measure of inflation or employment will cause the Fed funds rate to increase and strengthen the dollar, at some point. If not, then US economic policy has failed, we all need to throw away our neoclassical textbooks, the Krugmanites will look like fools, and the Austrian School of Debt Deflation has been proven correct.
When this occurs, and the dollar strengthens, where will Singapore's GDP be? My point is at $1.6 (what I see as the equilibrium exchange rate, as before the crisis) we are not above the US$ per capita.
As for inflation, we dont manage it via interest rates, we do it by strengthening the dollar, which just makes such current per capita figures to be skewed, as I stated. My other point was with such dollar strengthening, has our policy succeeded or failed at 5% inflation?
If you disagree , perhaps we should adopt the Yuan as our reserve currency. All we need to do is convince the Chinese to open their banking system so it can float, and given the Chinese "official" fiscal position, we can expect a "stronger" currency than the USD. In that scenario, what happens to our per capita?
That is why I find this article pointless. All it says is the dollar is weak and look how much we are worth in US$.
