Everybody is now envious. They say sana all.
Congratulations Senate Pres. However this sets a precedent to which everybody may not be prepared to handle and/or implement. The august body can do this maybe they have a large budget and large liquidity
If others in the govt follow suit, how much is needed? Billions or trillions? Where do they get the money
The labor groups are too quick that the private sector must follow suit. How does this happen if all are hurt by inflation. ie that many businesses are in precarious position too? All of us suffering.
Also more money in circulation does not mean that the ayuda will help ease inflation but fuel this more as more PHP will be in circulation.
How do you treat an economic ailment? Purge the patient, limit input, or give more inputs: IV fluid
Vitamins. Remember IMF/WB imposed belt tightening - revenue generation and frugality programs to guide us on the way to recovery. But modern approach has been like an MD treating patients in the ER. Resuscitate. But what if everybody is in this together. If liquidity crisis is worldwide, and if the debt crisis too much liquidity was behind all of this?
Where does the world get all the money? Who will save the banking system? Even the venerable banks are suffering (CSB JP Morgan?
