Tuesday, January 11, 2005

Economic Growth in the Philippines

Prices, prices, prices
Free market economies, of which the Philippine market poorly imitates, Prices are conveyers of bad and good news. When a lot more Filipinos wants the same thing, the price goes up. When there's a surplus, the price go down.
When the government gets involved in that thing that is priced by the people, then that price is not true free market price anymore.
When Bangko Central involves itself in the currency market, the true market price of the pesos is not true anymore, even if they don't involve themselves in the currency market today..

No comments: