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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 Philippine Banking system. Show all posts
Showing posts with label Philippine Banking system. Show all posts
Sunday, October 12, 2025

The BSP’s Seventh Rate Cut, the Goldilocks Delusion, and Technocracy in Crisis

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  Economic interventionism is a self-defeating policy. The individual measures that it applies do not achieve the results sought. They bring...
Sunday, August 31, 2025

Goldilocks Meets the Three Bad Bears: BSP’s Sixth Rate Cut and the Late-Cycle Reckoning

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  Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence—especially in cases in which large s...
Sunday, August 17, 2025

Philippine Banks: June’s Financial Losses and Liquidity Strains Expose Late-Cycle Fragility

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Debt-fueled booms all too often provide false affirmation of a government’s poli­cies, a financial institution’s ability to make outsized pr...
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