When times are good, we save money - because it is in good times that we have the ability to save money.
When we fall on hard times, we rely on the savings stored up in good times.
So don't listen to the populist politician who says to you in good times: Come on, we can spend more from our savings. We have so much.
Listen to Prudence. Prudence is never shortsighted. Prudence thinks and plans for the future. Prudence is never populist.
Without natural resources to sell for revenue, Singapore has only our reserves to fall back on.
A well-managed country has enabled Singapore to make decisive decisions with boldness and confidence. Thanks to Good Government.
