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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, 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...
Sunday, March 08, 2026

The Php3.9 Trillion Savings-Investment Gap: How the Middle East Conflict Exposed the Philippines’ Economic Fragility

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  “War,” Mises observed, “is harmful, not only to the conquered but to the conqueror. Society has arisen out of the works of peace; the esse...
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