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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 financial repression. Show all posts
Showing posts with label financial repression. Show all posts
Sunday, July 20, 2025

The Seen, the Unseen, and the Taxed: CMEPA as Financial Repression by Design

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  When you net out all the assets and liabilities in the economy, the only thing that remains is our stock of productive investments, invent...
Sunday, March 09, 2025

2024’s Savings-Investment Gap Reaches Second-Widest Level as Fiscal Deficit Shrinks on Non-Tax Windfalls

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  Deficits add up. Debt needs to be refinanced. And the larger the cost of servicing past spending, the less is available for the present. T...
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...
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