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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, December 21, 2025

USD-PHP at Record Highs: The Three Philippine Fault Lines—Energy Fragility, Fiscal Bailouts, Bank Stress

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  The pretended solicitude for the nation’s welfare, for the public in general, and for the poor ignorant masses in particular was a mere bl...
Sunday, November 02, 2025

The USD-PHP Breaks 59: BSP’s Soft Peg Unravels, Exposing Economic Fragility

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  Devaluing is a de facto default and the manifestation of the insolvency of a nation—Daniel Lacalle   In this Issue The USD-PHP Breaks ...
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