Tuesday, January 11, 2005

President Macapagal, are you an economist at heart?

Attention: President Macapagal
Old Hongkong (maybe not present Hongkong under China)is a working model for the Philippine economy

Hong Kong is a free economy because it enacts the British rule of law.
Hong Kong rank as the world's freest economy because of its free port, low taxes and little government intervention, according to the Heritage Foundation and the Wall Street Journal.

Philippines have rule of law in the books too but applying the law in practice is another story. Need to instill independent thought and self-reliance in our young.
Reduce tariffs, reduce taxes and govern only to enact the law.
It is our only chance for prosperity.

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