Author name: irvankaramy

1. The Debt Cycle and Its Implications Ray Dalio’s debt cycle theory holds true across time: In understanding economic conditions, […]

The concept of riba (usury or interest) has been a cornerstone of Islamic economic principles for centuries. Grounded in the

For over two decades, we’ve called 5% GDP growth a success story. We’ve managed our deficits. We’ve impressed the bond

Indonesia may report 5% growth, but when you subtract interest and debt repayments, the real progress is a fraction of

For years, Indonesia has treated its annual budget deficit as an acceptable economic reality. As long as the debt-to-GDP ratio

A Nation Starved by Its Own Wealth Indonesia isn’t poor — it’s capital-suffocated. For decades, our state-owned enterprises (SOEs) have

“If you cannot deliver results, get out.” — President Prabowo, April 28, 2025. Those words weren’t just a reprimand. They

Opening Thesis: Budgeting is Not Strategy Einstein once said, “Insanity is doing the same thing over and over again and

1. Introduction: Fiscal Discipline is Sovereignty — A Geopolitical Wake-Up Call Fiscal discipline is far more than just prudent financial

Introduction: The Wrong Conversation Since its announcement, Danantara has faced widespread criticism. The mainstream narrative mistakenly revolves around: Yet all