How to stop or solve the poverty in the Philippines?

[SEED OF LIBER]

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you mean to say that if we elect honest politicians today, the food on the table tomorw will go from p265 per day to P700 day?


Non sequitor!

none the less

[rodsky]

so how about the 90% of the people who dont have brains to educated?

work for slavery wages until the end of time?

It seems you do not have the capacity to understand/appreciate sarcasm. You remind me of Sheldon Cooper (BBT). Thank you for the entertainment.

-RODION

[mackaz357]

GO GREEN! VEGETABLES!!

magtamim sa bakuran! ^^ ipakain sa silingan!

[Dakota]

to foolonthehill, I hail from USA. I have a two degrees from Ivy league schools, worked on Wall Street for 10-years at an Investment Bank, and then was an executive at a Fortune 50 Company ($100B business), and last taught graduate school classes in finance and economcis.

As in all debates, it is appropriate to comment or critize on the idea but not the person. Please explain what aspect of my comments you disagree with and why.

[m.a.m.a.]

dugay pa mahitabo na madato ang pilipinas.
basta mkalingkod na gani sa position
macorrupt jud dayon
kay matintal man.

[Tarmac]

A few years ago, I emailed Bentulan what he thought of the Rational Choice.

He wrote he stopped arguing with the blogger when Bentulan found out the the "doctorate" in economics was ignorant of the basic concept of Keynesian multiplier.

And what the use of arguing with a PhD who was ignorant of his own field?

Read that portion about the employer giving some money to the helper (and the PhD wrote that the sum of money was the same, and it was just transferring money from one pocket to another; money is conserved?)

This is wrong, and this is the concept expounded in the Hyperwage Book about the multiplier (read that part of the Hyperwage book what makes reference to phd who dont even know about the multiplier)

Mr tarmac, of course, since yhou are not a Phd in economics, you dont know how wrong rational choice blogger is.

And since you endorsed that wrong idea to us, you are now unwittingly part of the disinformation about Hyperwage.

Read teh book tarmac, as you try to argue more about it, the more you realize how deep it is.

And DONT endorse to us, any argument is not obviously wrong on its face alone.

BUt we dont blame you, you are not the deep enough to realize how deep hyperwage is.

Read the Rational Blog, once again, and spot the error on 100 = 80 + 20 . That is wrong bec he ignored the multiplier formula (the chapter of Violation of the Conservation principle), mr tarmac you read that portion.

Also another big mistake of the Rational Choice blogger, is that the keynesian multiplier is different from teh money multiplier in banking system. The hyperwage book shows exactly the mathematical equivalence of these two economic real life processes.

That is another big mistake. Can you imagine we have PhD economics who are ignorant like this? and we will still wonder they cannot understand the Hyperwage Theory?

And if the PhD is wrong in his understanding of his own field, what about the rest of us, like Mr. Tarmac?

Mr tarmac, your research must be done with some critical analysis too.

@Fool

You're still at it! Welcome back! I was worried you'd fallen down the hill and broken your crown!

If Econblogger's arguments are wrong, why don't you just say so and explain it here? No need to put into question my or any other poster's intellect or ability to understand because it doesn't help your cause any. All you ever do is make me laugh some more, so it's not wearing me down either. If I didn't know any better, I'd say you felt so personally aggrieved by my posting Rational Choice threads here (i.e. that I "mocked" Bentulan by saying he stopped debating).

By the way, you've commented on my last post but you seem to have conveniently steered around my preceding post, the one where I raised the issue about implementing hyperwage and its short-term impact on businesses. I'd be interested to know what a genius like you proposes because this simple-minded, not-deep-enough business owner who doesn't have a PhD in economics is the one who stands to lose his shirt if your pet theory ever comes to pass. I'm not mocking you by the way.

Did you address it?

No?

Didn't think so.

[Tarmac]

Okay- and what is Econoblogger's theory on solving povery?

Why don't you ask him? Because if he has the answer he deserves the Nobel. Just as Bentulan thinks he deserves the Nobel.

In the end, I completely concur with Mr. Bentulan that raising purchasing power is key.

But a ten-fold increase in five years? That's economic suicide.

[Tarmac]

Fool,

The thing is, SS always assumes that money in the hands of the business owners is dead money (his own words). This is simply not true.

Money in the hands of the employer does find its way into the economy.

That money goes into the business too. Investment does form a smaller part of aggregate demand, but it is still an important component. Without it, businesses cannot grow. If businesses cannot grow neither can their ability to employ more people.

Bentulan assumes all employers are Henry Sy or Lucio Tan or John Gokongwei or Chavit Singson, with billions in cash stashed away. This is simply not true either.

Which again leads me to my question a few posts back (the one you skipped). I hope you answer it this time around. Employers are going to be out of pocket in the days after hyperwage is implemented. What is going to be done about it? Will government come in to help us out in the meantime? Can it?

And if it does come in to help out the business owners, how?

How much will it cost?

Billions? Trillions? Gazillions?

How will they raise the money?

Taxes? Print more money? T-bills? Sovereign bonds? IMF? Add zeros to the currency?

Please enlighten us the ignorant, unwashed masses on this board.

[Tarmac]

?? Did you just come from the land of Mars?

Foolonthehill, you are wrong.

Mars is not a "land" or a country.

It is a planet.

In the Solar System.

Fourth planet from the Sun.

After Earth.

Which is the one you live on, I hope.

And since you endorsed that wrong idea to us, you are unwittingly part of the disinformation about the Solar System.

But then, of course, Mr./Ms. Foolonthehill, you think of yourself as an economics expert, not a PhD in Astronomy. So I should not hold it against you.

We don't blame you. You are not deep enough to understand how deep space is.

BUT... as an economics expert, would you care to dissect Dakota's post point by point and refute it?

The popcorn's on me.

[Tarmac]

you mean to say that if we elect honest politicians today, the food on the table tomorw will go from p265 per day to P700 day?


Non sequitor!

I guess he doesn't mean that, but if we elect someone like you, it certainly will.

But I won't hazard a guess as to how much a kilo of rice or galunggong will subsequently cost.