We beg to differ.
Much has been said about the poor being unable to escape the simple poverty equation I proposed earlier — that to escape poverty, one merely needs to spend less and make more money. For most Filipinos, the challenge is keeping ahead of inflation. For poor people whose spending is almost entirely confined to just the…
Inflation is like taxation. It is a certainty. The only thing that is not certain about inflation is the rate at which it gallops (or trots) along. Sometimes we enjoy low inflation rates and sometimes we suffer high inflation rates. At an individual level, we have no control over the behaviour of this ill-understood economic…
Read More “Whining about inflation (and politicising it) won’t solve Philippine poverty” »
So the bill for free college education at state universities and colleges was signed into law by President Rodrigo Duterte. Many Filipinos are rejoicing for yet another freebie for the people. We have free contraceptives and now we have free college education (among other freebies). But what does “free college” really mean? Does it mean…