We beg to differ.
Poverty can exist in a free market economy, as it is a complex issue influenced by a variety of factors such as income inequality, lack of access to education and job opportunities, and government policies. Supporters of free market economies argue that they create wealth and increase economic growth, while critics argue that they can…
Read More “Can’t afford onions? Welcome to the free market we all signed up to!” »
A number of weeks ago, Filipino netizens reacted explosively towards Ilocos Norte Representative Sandro Marcos’s comments regarding the weakening Philippine Peso (PHP) against the US Dollar (USD). Quoting the neophyte congressman, “The peso is weak, not because that it is weak, but because the dollar is strong.”. These words became meme fodder for Filipino netizens,…
Read More “Does a weakening peso mirror weakening economic fundamentals?” »
Local and international media outlets are filled with news that the global economy is suffering. Prices of basic commodities like food and fuel are continuously rising, borrowing money has also been more difficult, and imported products are becoming more expensive. If policies of governments and central banks are executed improperly, an economic recession might spread…
Read More “Inflation, interest rates, and foreign exchange: Media must get their economics right” »
First it was high prices and “galloping inflation” — something the Philippines’ community of snowflake “activists” screeched about. Now everybody’s panties are in a knot over crashing rice prices at the farmgate. So what is really behind the movement of prices? Just last year, resident economics “expert” JC Punongbayan fixated on the nuances in the…
Read More “Rappler “economist” @JCPunongbayan is growing up!” »
So-called “investigative” journalist Raissa Robles had a laugh at my Twitter post the other day about Philippine inflation. She wasn’t specific about why she thought I didn’t know what I was talking about though and I never got the chance to ask since she blocked me. What’s up with people like that? They block others…
Read More “Basic principles of inflation explained for dummies” »
The “debate” around the best short-term solution to combat the rise of the prices of rice mirrors the overall flaw in the traditional “activist” rhetoric. Shrill communist and Opposition “activists” want lower prices (supposedly empathising with the kawawa naman poor). Yet they cannot reconcile this cry for cheap rice with the plight of the farmers…
Read More “The increase in rice prices is not an act of God nor is it an act of Duterte” »
According to the Yellows, the leftists and all other anti-Duterte forces, our country is currently in a state of economic turmoil. With the “crippling” 6.4% inflation rate, the Yellows assert that aside from ordinary working class Filipinos being burdened by the increased basic commodity prices the poor (which make a large chunk of the nation’s…
Read More “Taxes suck but people’s government dependency suck more” »
For once, the Philippines’ “vice president” Leni Robredo said something right — and with conviction — rather than pander to populist sentiment like she usually does. Asked what she thought of the reported hardships Filipinos could be facing if inflation rate trends continue, she urged Filipinos “to curb their spending habits, save and find ways…
Read More “Defending Leni Robredo’s “anti-poor” statements” »