Aquinomics: no economics
In Peter Sellers’ 1979 hit comedy “Being There,” a simple-minded gardener’s utterances drawn from TV commercials and gardening knowledge are misinterpreted as profundity, so that he is mistaken as a policy wonk in Washington, D.C. circles.
The movie somehow reminds us of how awe-struck writers read profundity in President Aquino’s actions to even call these as making up “Aquinomics.” Assuming that the term refers to something, it would be “no economics.”
Mr. Aquino has demonstrated a penchant for eschewing economic thinking. After a year in power, we may be seeing the upper-class version of the masa’s Erap, hopefully only in terms of economic literacy.