How to stop or solve the poverty in the Philippines?

[MAGUIKAYAUTOSALES]

For radical change -cleansing of our "TRA-POS (traditional politicians)"
If the corruption in our government can be curbed down, then it'll simply trickle down to the entire nation.... not by any means 100% proof but can drastically create more jobs and opportunities!!!!
(assuming the new ones in office wont also be corrupt)

not realistic but for me, I say remove em all!!!!!!

[foolonthehill]

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.

After reading and understanding Hyperwage, make sure to consider arguments against it as well. Read the following:

Rational Choice: Evaluating hyperwage theory - or, what have you learned from your basic economics? (1)

Rational Choice: Evaluating hyperwage theory - or, what have you learned from your basic economics? (2)

Rational Choice: Evaluating hyperwage theory - or, what have you learned from your basic economics? (3)

Make sure to read the comments section because they make for even more interesting reading.

It might be interesting to note that the Street Strategist himself (Thads Bentulan) posted on the comments section and tried to argue with the blog author. Strangely enough, he didn't pursue his arguments because he claimed he was "busy" with his book.

[foolonthehill]

Al1974.
Dont worry about Mr. Tarmac and Mr. Rational Choice.

i have posted my reply to Tarmac.

Rational Choice has been exposed by bentulan as an ignorant PhD not even knowing:
- keynesian multiplier
- non-conservation of money
- equivalence of money multiplier and keynesian multiplier.

Bentulan then dropped any argument to rational blogger.

Read the chapters on Keynesian multiplier in Hyperwage book, and it is a complete exposition of the ignorance of the Rational Choice blogger.

Rational choice is NOT credible.

mr, A\l1974, you are correct in saying that bentulan is a genius, the more you read this work the more you realize how far ahead he has thought of the details of the theory.

the problem is implementation but that is an administrative problem not an economic problem.

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

[rodsky]

Education only works for those who have the capacity to be educated.

*SARCASM MODE ON*

Since statistics tells us that those who have the capacity to be educated represent only a fraction of the population, then I therefore conclude that the rest of the population should be converted to fertilizer.

*SARCASM MODE OFF*

-RODION

[foolonthehill]

The problem with reading arguments, and if you are not knowledgeable enough, you think that both have equal weights.

Mr Tarmac, seems to be negative about Hyperwage, in his post, as if mocking why bentulan didnt pursue this debate.

and this really the trouble. not knowing enough.

If only mr tarmac, read the hyperwage book, he will realize that the points of Rational Choice has been shown to be false in the Hyperwage book on the discussions on the derivation of the economic multiplier.

Read first, debate later.

thats the first preparation for debates.

After reading and understanding Hyperwage, make sure to consider arguments against it as well. Read the following:

Rational Choice: Evaluating hyperwage theory - or, what have you learned from your basic economics? (1)

Rational Choice: Evaluating hyperwage theory - or, what have you learned from your basic economics? (2)

Rational Choice: Evaluating hyperwage theory - or, what have you learned from your basic economics? (3)

Make sure to read the comments section because they make for even more interesting reading.

It might be interesting to note that the Street Strategist himself (Thads Bentulan) posted on the comments section and tried to argue with the blog author. Strangely enough, he didn't pursue his arguments because he claimed he was "busy" with his book.

[rodsky]

and this really the trouble. not knowing enough.

You talk as if you really know Tarmac well enough, to make such a statement, when the fact is, you don't. *shakes head*

-RODION

[foolonthehill]

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

work for slavery wages until the end of time?

Education only works for those who have the capacity to be educated.

*SARCASM MODE ON*

Since statistics tells us that those who have the capacity to be educated represent only a fraction of the population, then I therefore conclude that the rest of the population should be converted to fertilizer.

*SARCASM MODE OFF*

-RODION

[foolonthehill]

Go to page 14 of this thread. You will find your answer there.

what country already implemented this Hyperwage system uve mentioned? if Not, why wala pa man nigamit ani?

[foolonthehill]

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

Previously it was sugested that arbritarily increasing wages in the Philippines would be a viable solution to reducing poverty. This theory poses several high risks. For example, using microeconomic theory. lets assume, that the a good was produced and sold at 100 pesos. Now inceased wages caused the production cost and associated selling price to increase to 1000 pesos. This higher good is now exported to the world for sale. Buyers who used to pay 100 pesos will be unlikely to pay 1000 pesos for the same good. Competitiors will take the phils market share, and this cause a reduction in sales and a corresponding reduction in jobs and then companies. All will lose. Increasing the cost of a good or service without an increasing the related value is a recipe for disaster. Someone might suggest that the goods and services only created using these increased wages be sold in the Philippines. That would result in prurchasing power parity among those who got the increased wages (i.e., those who got paid more, had to pay more). For all those who didnt get the increased wages like retirees and tourists, would most likely flee the country due to the arbritary increase in cost of living. This would also result in jobs lost and a reduction in tourist income and GNP. In either case, the hype wage theory is not a viable economic theory.

[foolonthehill]

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!

it should start within us. elect people na dili trapo. kay ma trapo sad ato country.