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Music and lyrics from the 2024 budget

An interesting way to understand the 2024 budget is to look at it as a menagerie of songs.   For the President, it is the song “I Did It My Way.” The 2024 budget stands at ₱5.768 trillion, which is equivalent to what he proposed to Congress in June. This amount is ₱1.5 trillion higher than the revenues...


My understanding of economics

High prices often confront us. Government is trying to control inflation, which is increasing beyond its desired levels—an ideal of about 2% annually but currently is about 9%. Why do prices increase and why do they drop? Why do things appreciate and increase in value over time? Why do they depreciate?  Market forces, we are...