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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label Asian financial crisis. Show all posts
Showing posts with label Asian financial crisis. Show all posts
Sunday, December 01, 2024

Debt-Financed Stimulus Forever? The Philippine Government’s Relentless Pursuit of "Upper Middle-Income" Status

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  Deficits are always a spending problem, because receipts are, by nature, cyclical and volatile, while spending becomes untouchable and inc...
Sunday, April 28, 2024

Philippines’ Debt Amortization Skyrockets to a Record in March! Surging Fiscal Deficit Weakens the PSE and the Philippine Peso

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  The government deficit is not creating savings for the private economy. Savings in the real economy accept public debt as an asset when th...
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