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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 informal economy. Show all posts
Showing posts with label informal economy. Show all posts
Sunday, March 16, 2025

The BSP’s One-Two Punch: Can RRR Cuts and PDIC Deposit Insurance Avert a Liquidity Crisis?

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Historical research on bank runs indicates that the reason people run is run is not fear of people running. People typically ran when the ba...
Sunday, March 10, 2024

Stagflation Ahoy! Philippine February CPI Rebounds as January Employment Rate Fell

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  Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups of sc...
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