Enrile: 'Our biggest export is OFWs. That's why I'm against RH bill'

[safeorigin]

Austrian economics is all about austerity and sound money and gold standard and fear of inflation and all that

just listen to Peter Schiff and you'll get an idea what Austrian economics is all about

Keynesian economics is all about the govt stepping in to reduce the effects of economic booms and busts (high inflation and deflation) ----- the govt spends more and cuts taxes stimulate a slowing economy or the govt reduces spending and hikes taxes to cool down an overheating economy

Yip, Austrian school will point out that it's savings(capital) that drives the economy and not spending beyond means. Kinda like what amerca used to be.

Then again, doing what Iceland did to their banks might also work.

[uls]

Remittances hit new high in Oct. | Inquirer Business

Remittances reached a record high in October as global demand for Filipino workers remained strong despite the lingering crisis in the United States and Europe.

Filipinos based overseas sent home $1.93 billion in cash in October, the highest monthly figure so far on record, rising by 8.5 percent from $1.78 billion in the same month last year, the Bangko Sentral ng Pilipinas reported on Monday.

This brought total remittances in the first 10 months of the year to $17.5 billion, up by 5.8 percent from $16.53 billion in the same period a year ago.

Meantime, personal remittances, which combine the value of cash and goods sent home by overseas-based Filipinos, amounted to $19.46 billion in the first 10 months, up year on year by nearly 6 percent from $18.37 billion.

[A121]

Remittances hit new high in Oct. | Inquirer Business

I have a feeling that the local gov't wants me to go abroad and send $$$ here.