The Irony of Getting Mad at Agricultural Imports Then Complaining About Inflation of Agricultural Goods
I really must laugh at the stupidity of "thought leader" pages or the comments on Facebook. A good example is the one above where Rosendo So says that onion importation could've prevented the price surge of onions. However, just reading the comments (and there's so plenty I wouldn't bother replying to them all) keep demanding protectionism for local farmers. The illogical stupidity of the comments proves one thing--there's still a significant surge of economic illiteracy in the Philippines. What do you expect from people who demand stuff like higher wages while lowering the prices of goods? Simple cost accounting dictates that wages are part of the production process. If you start raising up prices then you can expect the prices of goods to increase as well. They even don't bother to analyze the supply chain along with operational costs as well. I don't need a doctorate in economics to get it. Okay, I'll confess that I had a graduate degree from th