The interaction of inflation, interest rates, and GDP

Fernando Fajardo 10/18/2018

An excise tax not only raises the price of the product directly and make the poor to suffer more; it also lowers output and create more joblessness among the poor. The government is lowering its real GDP…

Kill the excise tax, not the poor with higher prices

Fernando Fajardo 10/11/2018

What the government should do instead is to tax the sale of cars, with rates going up the more expensive the units. Then charge them with higher road user’s fee when they register their cars. Early this…

Economics is for all

Fernando Fajardo 10/04/2018

When even the president cannot explain convincingly why prices are rising fast in his watch, something big is missing in the literacy of our people in economics. Of course, the government has a platoon of economist at…

Interest rate, the economy, and you and me

Fernando Fajardo 09/27/2018

When the economy is overheating or operating above the country’s normal capacity to produce, inflation will follow. So the interest rate is going up now. What is interest rate? Very simply, it is the price we pay…

P.D. No. 1 and regional development: What happened?

Fernando Fajardo 09/20/2018

On this day in 1972, Marcos issued Proclamation No 1081 putting the country under martial law. Three days later, Marcos issued P.D. No. 1 which approved and adopted as part of the law of the land the…

Cebu’s population and agriculture through the years

Fernando Fajardo 09/13/2018

With 2.01 percent annual growth rate, Cebu’s population is projected to reach 4.9 million this year In the last census in 2015, Cebu was reported to have a population of 4.6 million. Still the biggest in the…

Inflation? It’s the train, stupid!

Fernando Fajardo 09/06/2018

Inflation is now running at 6.4 percent. What can you do to overcome this? The answer depends on your station in life. If you are one of those with P250,000 in annual income, you have nothing much…

Flood in the city, do you care?

Fernando Fajardo 08/30/2018

Just an hour or less of rain yesterday, and voila, we find many places in the Cebu City and Mandaue City being flooded. Must we suffer from floods every time it rains? It used to be that…

Teacher’s mounting loans: whose problem is it?

Fernando Fajardo 08/23/2018

This year, the total number of permanent civilian and military/uniformed plantilla positions in the national government is about 1.71 million of which more than 1.46 million are filled and 247 thousand unfilled. Of the total number of…

Train brought down 2nd quarter GDP growth

Fernando Fajardo 08/09/2018

The Philippine economy grew by 6.0 percent in the second quarter of 2018. This is down from the 6.6 percent growth rate recorded in the same period last year and the much higher 6.9 percent growth rate…

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