Showing posts with label myths and fallacies. Show all posts
Showing posts with label myths and fallacies. Show all posts
Thursday, January 04, 2018

Auto Industry: Which will Prevail: The DoF on HB 5636 (Tax Reform) or the Law of Demand?

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In a section of their website, the   Department of Finance published   an infographic attempting to debunk supposed “tax myths”   ...
Friday, October 16, 2015

Headline (and Tweet) of the Day: Weak Philippine peso NOT Equal to Remittances Growth (August Remittances Shrinks!)

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For the mainstream: Shiver me Timbers!!!!  The above headline comes from the Business World .  The August numbers signifies a...
Tuesday, September 09, 2014

New ADB Chief: Middle Income Trap is a Sham

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Based on empirical studies, the new ADB chief proclaims the Middle Income Trap a “myth” From Asian Nikkei : The so-called middle-in...
Saturday, April 26, 2014

Quote of the Day: Democracy is a Joke

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People will tell you that democracy requires a well-informed citizenry. Some will tell you, with a straight face and an earnest tone, that...
Monday, February 10, 2014

Hard Lessons from the US Shopping Mall Bust

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One of the popular meme has been to project domestic shopping malls as an impregnable investing theme for the Philippines, based on the pre...
Saturday, February 08, 2014

The Myth of Low Currency Equals Strong Exports: Brazil Edition

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Low currency equals cheap exports. That’s the mainstream’s resonant “incantation” as if such a claim represents an a priori irrefutable tru...
Monday, February 03, 2014

Emerging Market Turmoil: The Fallacy of Foreign Currency Reserves as Talisman

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One fascinating populist meme about how specific emerging markets may survive the recent tantrums has been to cite foreign exchange reserve...
Tuesday, January 21, 2014

Quote of the Day: Trade is Not a Scoreboard

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We need to do better a job explaining how trade does not lend itself to sports metaphors. Exports are not our “points.” Imports are not “t...
Wednesday, September 04, 2013

Lessons from Singapore’s Central Bank: Central Banks are Vulnerable to Bankruptcies

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Mainstream media and their favorite experts continue to impress upon the gullible public that foreign currency reserves acts as a shield ag...