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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 banks. Show all posts
Showing posts with label Philippine banks. Show all posts
Sunday, May 10, 2026

Stagflation Part 5: The Q1 2026 GDP Illusion and the Gathering Recession Risk Beneath Price Suppression

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  No country, not even the poorest, need to abandon the hope of sound currency conditions. It is not the poverty of individuals and the comm...
Sunday, April 26, 2026

The Anatomy of Philippine Stagflation: BSP Rate Hikes, Record External Deficits, and Fiscal Expansion (Part 3)

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  What we have here is the Keynesian error that inflation cannot emerge while widespread excess capacity exists. Underpinning this error are...
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