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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 forex reserves. Show all posts
Showing posts with label Philippine forex reserves. Show all posts
Sunday, September 13, 2026

Stagflation Part 16: The Peso's 24th Record Low — When the Pressure Valve Widens

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    Modern democracy and bureaucracy progressively separate decision-makers from the costs and feedback generated by their decisions. Demo...
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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