I remembered a couple of economics-related articles I wrote. Sure, it's very easy to look down at me and call me names because I'm no economist and maybe, some will doubt the fact that I have a basic college degree or a job. The recent trend is that you've got those pasaways asking for their PHP 10,000.00 ayuda together with free stuff. Ironic, really, that they keep asking for free stuff then they complain that the government has to BORROW MONEY for COVID-19-related expenses. What do they want the government to do with that debt? Put it in their wallets for free? If they do get PHP 10,000 ayuda per month then what do they do with it? Buy their necessities OR will they just go gambling and drinking? I wonder how do those pasaways even propose to PAY BACK the COVID-19 debts if they just keep ASKING AND ASKING FOR STUFF. Did those stuff come in for free? What's what they need to answer for themselves.
Ayuda or government aid is a GOVERNMENT EXPENSE or an outflow. Some stupid pasaways will just say, "Can't the government print more money?" Please, printing more money is actually inflationary and it will DEVALUE the peso. If the Philippine government should print more money then the Philippine Peso will be DEVALUED. The Bangko Sentral Ng Pilipinas (BSP) will have more money for foreign currency at the expense of the local currency. They want to print more money to get rid of inflation? Instead, that practice will WORSEN INFLATION when the Philippine peso will be DEVALUED as a result. If they say that the government can just print more money then that's really stupid. If the money gets devalued then PHP 10,000.00 ayuda today will have to be PHP 10,000,000.00 ayuda tomorrow. That PHP 10,000,000.00 will become Mickey Mouse money or USELESS when inflation is sky-high. In short, trillions of pesos in COVID-19 debt can't be paid anymore because the Philippine peso is now DEVALUED.
The pasaways want to object to economic charter change. Some of them will keep using ALL THE LIES that they repeat OVER AND OVER AGAIN. I'd like to compare them to a broken record. They also seem to think that Nazi propaganda, "If you tell a lie big enough and keep repeating it - eventually the will believe it." still works. Yes, in a way, it still works. I can't be certain who said it between Adolf Hitler and Joseph Goebbels. That's why those Filipino commies keep on stating the same lies all over again such as, "Only foreign investors will get rich if you let them invest here!" or "Foreign investors are foreign invaders!" In reality, those Filipino commie organizers such as Neri Colmenares, Antonio Tinio, Toady Casino, Renato Reyes Jr., and Sarah Jane I. Elgago don't care about the poor. Those Filipino commie organizers are against economic liberalization because they LOVE to romanticize the plight of the poor. Their hypocrisy is even shown further when they use products of capitalism to fight capitalism.
Economic charter change is the long-term solution. It's because of the old Chinese proverb, "Give a man a fish and he will have a meal for a day. Teach him how to fish and he will have a meal for a lifetime." FDIs will become additional job providers, service providers, and income tax providers aside from the local Filipino businessmen. FDIs can also help the local Filipino business environment EVOLVE. For example, the competitor of your service provider can be an additional service provider and the competitor of your customer is a new customer.
These concepts are foreign to those ayuda addicts. It's because a failure to understand basic economics leads to backwards thinking. All they know how to do is how to spend money than to invest it. These guys don't know a thing about economics either. The Philippines is better off without them because they're unnecessary expenses that will just add up to the debt.
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