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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 debt-to-gdp. Show all posts
Showing posts with label debt-to-gdp. Show all posts
Sunday, February 16, 2025

Philippine Uni-Comm Bank Lending in 2024: Why Milestone Bank Credit Expansion and Systemic Leveraging Extrapolates to Mounting Systemic Fragility

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  Credit Expansion No Substitute for Capital. These opinions are passionately rejected by the union bosses and their followers among politic...
Sunday, December 01, 2024

Debt-Financed Stimulus Forever? The Philippine Government’s Relentless Pursuit of "Upper Middle-Income" Status

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  Deficits are always a spending problem, because receipts are, by nature, cyclical and volatile, while spending becomes untouchable and inc...
Sunday, April 28, 2024

Philippines’ Debt Amortization Skyrockets to a Record in March! Surging Fiscal Deficit Weakens the PSE and the Philippine Peso

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  The government deficit is not creating savings for the private economy. Savings in the real economy accept public debt as an asset when th...
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