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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 foreign currency reserve. Show all posts
Showing posts with label foreign currency reserve. Show all posts
Sunday, January 11, 2026

2026 Opens with USDPHP at Record Highs: The Peso Is the Symptom, Policy Is the Disease

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    With the exception only of the 200-year period of the gold standard, practically all governments of history have used their exclusive po...
Sunday, December 21, 2025

USD-PHP at Record Highs: The Three Philippine Fault Lines—Energy Fragility, Fiscal Bailouts, Bank Stress

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  The pretended solicitude for the nation’s welfare, for the public in general, and for the poor ignorant masses in particular was a mere bl...
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