Philippine Economy Talk

[Monseratto]

Will vote buying lead to inflation ..hehehe

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[kisshmet]

^more money in circulation daw..mataas ang inflation..negative daw sa economy

With the trillion peso presidential pork barrel in their hands thats forthcoming this month of may

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[uls]

^its good for the economy coz people will get more job (although temporary)

not only temporary jobs

companies that get first taste of election spending will benefit (syempre more revenue)

madami papakainin tuwing campaign season so for example jollibee will benefit (JFC top gainer yata yesterday PH stocks)

But you see the rise of inflation as something negative

yes coz inflation is still above BSP target and this election spending could keep it above target

[kisshmet]

^Malaki kita ng advertising..printing press..vehicle rentals..tshirt printing..campaign stuffs

Campaign period is time limited..so job created related to it is temporary

The only permanent thing about it is the position politicos will vie for and their staff

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[uls]

so ano po point niyo?

kahit temporary surge of spending may benefit parin sa economy

diba ang pinaguusapan kung ano ang effect sa economy itong election season?

[uls]

there's also temporary surge of spending during christmas season which is also good for the economy

any kind of spending is good for the economy

money that was sitting in bank accounts go out circulating

[uls]

but too much money in circulation is inflationary

that's why central banks have an inflation target

their job is to maintain price stability

[kisshmet]

so ano po point niyo?

kahit temporary surge of spending may benefit parin sa economy

diba ang pinaguusapan kung ano ang effect sa economy itong election season?

Sabi mo kasi masama sa economy ang maraming perang umiikot dahil tataas ang inflation

Kaso sabi mo ngayon maganda sa economy ang pagasta

So which is which?

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[uls]

Sabi mo kasi masama sa economy ang maraming perang umiikot dahil tataas ang inflation

Kaso sabi mo ngayon maganda sa economy ang pagasta

So which is which?

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reply:

but too much money in circulation is inflationary

that's why central banks have an inflation target

their job is to maintain price stability

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[uls]

ever heard people say "bakit hindi nalang mag print ng madaming pera?"

pwede... but you end up like Venezuela