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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 prediction failures. Show all posts
Showing posts with label prediction failures. Show all posts
Sunday, February 08, 2026

Liquidity Without Output: The Balance-Sheet Recession Behind the Philippines’ Q4 and 2025 GDP Slowdown

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      People don’t realize how hard it is to speak the truth to a world full of people who don’t realize they’re living a lie– Edward Snowde...
Sunday, November 16, 2025

The Philippine Q3 2025 “4.0% GDP Shock” That Wasn’t

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  There is enormous inertia — a tyranny of the status quo — in private and especially governmental arrangements. Only a crisis — actual or...
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