MANILA, Philippines – Economics PhD student JC Punongbayan with historian Leloy Claudio deconstructs complex macroeconomic concepts using simple language in this explainer on the Tax Reform Law, inflation, deficit and Build, Build, Build.
After discussing basic economic concepts in Part 1, the two social scientists go into the application of those concepts in real life in Part 2.
They go into detail why TRAIN may make life harder for the poor in the short term, why a deficit isn’t necessarily bad and why the Build, Build, Build – which stands on sound economic principles – may yield unforeseen effects.
Watch and learn, Friday night at 8pm. – Rappler.com