Friday, January 14, 2005
Dollar remittances & Inflation correlation!
Dollar remittances can spur economic growth only if consumer spending equals the quantity of goods & services available. More dollars than goods & services means greater rate of inflation. Inflation means higher prices. Inflation is a monetary phenomena. More goods & services causes deflation, an 'never happen' factor in the Philippine economy. The Philppine government - Pres. Arroyo and lawmakers must lower taxes, reduce tariffs, remove constricting regulations to start businessess -small, medium or big. It is the only way to prosperity.
Posted by Ate Mely at 9:03 PM