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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 inflation. Show all posts
Showing posts with label Philippine inflation. Show all posts
Sunday, August 16, 2026

The MSME Credit Black Hole: Failure of the Magna Carta

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  The end cannot justify the means for the simple and obvious reason that the means employed determine the nature of the ends produced—Aldou...
Sunday, July 12, 2026

Stagflation, Part 12: The Philippines' Balance-Sheet Origins of Inflation

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    What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general ...
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