UP profs Magno and Punongbayan apply economics to traffic, tuition, and corruption

[@stephenilao705]

Napakahusay na mga ekonomista! It’s definitely a must watch video if you wanna learn the importance of economics in our society esp in Philippine setting! 🙌

[@ferdinandbelarmino1772]

Prof.Cielo Magno for May 2025 senator!❤🎉

[@reyjatulan7012]

Cielo & Punongbayan are excellent in translating difficult economic concepts to more comprehensive ideas. Listening to this discussion gives peple better perspective why present situations do exist and how economics can help improve human social and financial conditions.

[@luzcabrera8855]

educate the grassroots

[@codelessunlimited7701]

Wtf are you talking about? They're just throwing economic jargons. 😅😂

[@joscephinegomez]

Ang galing! The study of Economics was presented in a manner that could entice the "undecideds" to consider it for a career. The host and guests all ably contributed to furthering the knowledge of those who know little of the importance of this discipline. Good job, Cielo, for pointing to greed as the root of corruption. May I say that the root of greed is ignorance of (spiritual) Teachings.

[@JMzsolotravelersvlog]

Agree, economics is everywhere. Not limited to purchasing power and money. It has relevance and implications in our daily lives.

[@coradayag1956]

SALAMATt. ! KAILANGAN NAMIN ITO. ! EDUCATE NIYO KAMI BAYAN. !!!! 👍👍👍❤

[@albertolustestica400]

Economics is simple logic, but powerful guide to better descision-making especially in public policy

[@BakaLuVenYan]

Ang galing. Ganda ng conversation.

[@Roberto-cg2gr]

Please have an economic study on loss of opportunity for not implementing the law

[@sitiopalarcadesatur5007]

They're public intellectuals. We need more of them to clarify our public discourse.

[@royalartillery3423]

Magandang pre-Law AB English.

[@rabrabignsciotyg4753]

Hopefully may tagalog or other local version po nito para mas maintidindihan ng iba

[@raybacasmas8466]

(40:03) meron tayong kasabihan lalo na sa mga dominant & greedy people: “He who controls the message, controls the masses.” May point si JC on this aspect that politicians wanted to suppress poor people to get control & become rich. The predatory politicians not only control the message but also wanted jurisdictions over the lives of the citizens example of these are dictators! They are concerned about their own interests and reward to few who are in their circle(cronies). It is also because power corrupts! US President Thomas Jefferson’s famous quote: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain inalienable rights, among these are life, liberty, and the pursuit of happiness, that to secure these rights governments are instituted among men.” We should elect leaders who are selfless in safeguarding these rights!🙏

[@EMcC-pr6zx]

Great discussion

[@profbabate]

if there is no system to pay a tuition fee at UP and you can afford to pay for your children to study there, then I suggest that you donate your money to UP PGH.

[@alfredhitchcock45]

I suggest transferring your child to La Salle and Ateneo instead na inaagawan mo pa ng slots ung totoong mahirap

[@pinknest2001]

Prof Magno will be an excellent DTI or NEDA Secretary and then, later, a Senator

[@AztecSpirulina]

Regarding "GREED", Can we just illegalize greed? 😅😅

[@alfredhitchcock45]

Maganda ung term niya na "Economic Wisdom" to dethrone Political Dynasties that set and control the "rules of the game". Kaso the irony is they just keep on winning. And we have a rule of vox populi, vox dei, let the people decide. If people themselves want to perpetuate dynasties. What can you do about that? How can you create an enabling law if majority ng nasa Congress eh dynasty? Examples: Villar, Estrada, Cayetano.

[@allenglenntorculas1935]

hopeless na tayo.

[@alfredhitchcock45]

Clearly, when it comes to Politics what is needed is Political Economy not just Economics kasi inadequate ang answers pag Economics alone it should be interdisciplinary

[@Roberto-cg2gr]

Please look at economics on low carb diet as our nutrition guidelines to cure and prevent metabolic diseases such as heart attack, cancer stroke etc

[@SarahSamientoTuazon]

Very informative haaay. ❤🎉

[@alfredhitchcock45]

Traffic Management - car vs pedestrian and cyclists Congestion fee - EDSA Car dependent culture Huge expressway - induced demand Widening the roads

[@alfredhitchcock45]

Excellence vs Equity - underrepresentation

[@HaluhalongPuna]

8:49 - Iyong tungkol sa 'mining' na binanggit ni Madam Cielo bilang isang halimbawa ng 'economics', yung sinasabi nya na hindi pinag-uusapan ng gobyerno, 'media' at madla ay yung maling hatian ng kita sa pagmi-mina. Tama sya na dapat 60% (gobyerno) 40% (kumpanya) ang hatian sa kita kasi dapat tayo ang makikinabang ng lubusan hindi ang kumpanya dahil ito nga ay isang "natural resource" pag-aari ng ating bansa. Ganu'n ang ginawa ng bansang Norway nu'ng simula nang matuklasan nila na may krudo sa kanilang bansa na agad nilang ipinatupad ang ganyang hatian. Ngayon mayaman ang bansa nila. Yung tungkol naman sa kasabihang "natural resource curse" ay totoo iyon. Kasi ganun ang nangyari sa bansang Venezuela. Kung matatandaan ninyo na natuklasan din nila na mayaman din pala sila sa krudo pero nauwi lang sa "mismanagement" ang yaman na kinita nila sa pagbungkal ng krudo. Huwag sana tayo matulad sa bansa nila.

[@alfredhitchcock45]

Concerned lang siya sa money part pero sa pollution hindi kung makita niya lang ung quarry sites gano sinisira ung mga bundok matutumbasan ba ng pera ung damage sa kalikasan

[@HaluhalongPuna]

@@alfredhitchcock45 Kung ang polusyon na iyong tinutukoy ay 'yung mga kemikal na nahahalo sa kapaligiran ay hindi talaga ako sang-ayon duon. Ngunit kung ang pagkaka-kalbo ng bundok o pagpapatag sa mga bundok ay, hindi talaga maiiwasan iyon. Hindi lang kasi tayo sanay na nakakalbo ang ating mga bundok dahil ganun talaga ang "natural resource mining". Gan'un din naman sa ibang bansa. Ang pagkakaiba lang ay sa kanila, tinataniman ulit nila ito ng mga halaman upang bumerde ulit ang buong kabundukan. Dito kasi sa atin, pagkatapos magmina ay iiwanan nang nakatiwangwang. Kalakip na rito pati mga basura. Walang malawakang "pagwawalis" ika nga ang nagaganap. Karagdagang gastos kasi 'yon sa mga kumpanya ng pagmimina kaya iniiwasan nilang gawin ito.

[@benjit9603]

Get the economy policies away from the politicians/attorneys. They have one track mind: ako muna policy, nothing else. Get bankers with phds, who studied and trained with economy forte.

[@alfredhitchcock45]

Moral limits of the Market

[@alfredhitchcock45]

4ps Universal Healthcare Universal Education Kaya lang underfunded kasi 110M population tayo aside from the fact na may kupit pa.

[@Roberto-cg2gr]

Please look ito the economics of bus lane or trains. The space used by bus lanes are not optimized. Just increase the number of trains and make waiting platforms comfortable. Or remove the space for trains and replace with bus lanes

[@albertolustestica400]

Our policy makers should, indeed, adopt sound economic advice of our competent and sensible economists. These are not necessarily popular decisions, for expedient politics, but strategic ones to gain long term benefit for the country that is actually tied to the No. 1 concern of every poor citizen -- high prices and insufficient wages

[@petersuson7958]

Why not bring back the practice of Socialized Tuition Fee for Tertiary Education.

[@alfredhitchcock45]

Free na ung tuition kay Duterte

[@codelessunlimited7701]

​@@alfredhitchcock45There is no such thing as free.

[@alfredhitchcock45]

@@codelessunlimited7701 Universal Education yan kaya nga ung host tuwang tuwa libre na anak niya sa UP gago din may pera pero ayaw pag-aralin sa Ateneo gusto isiksik ung anak sa public

[@alfredhitchcock45]

Resource course - Africa - oil, lithium, diamonds

[@pinknest2001]

Even in the 70s, the students at the UP had cars.

[@alfredhitchcock45]

Corruption is cultural hindi siya marereduce lang into purely economic terms.

[@alfredhitchcock45]

Political Wisdom is quite a tricky game. Kasi what modes of alteration ang gagawin mo sa Educational System to change the public morality? Ituro natin sa History and Civics or Sibika at Kultura. How do you alter books and will parents even agree to that? Can you write sa textbook ng bata: wag iboto ang corrupt. Do not accept vote buying. Or even if you do, may epekto ba talaga yan? Or real world pragmatism will kick in? 1. It is contentious to teach since there will be backlash from parents and politicians 2. Even if you teach it, may epekto din ba

[@Roberto-cg2gr]

Please look into the economics of teaching our students to be an EMPLOYER and not SLAVES (EMPLOYEES)

[@Roberto-cg2gr]

Like and share

[@luzcabrera8855]

maganda siguro kung dadalhin sa grass roots

[@Roberto-cg2gr]

Study and require payment for UP graduate after graduation

[@phillipng1278]

4Ps really don't help .... give people a decent job... a nice salary... for them to live a life that they deserved.....

[@alfredhitchcock45]

Ung host di niya alam ang definition ng "rational choice" ng economists. It is a technical jargon with very exact meaning. Hindi ibig sabihin ng rational is intellectual it means that any choice is deemed rational in economic sense

[@alfredhitchcock45]

Trust Capital - yan ang sagot sa Corruption - meaning it's a cultural thing. And how do you change Culture? Realm na yan ng Ethics and Morality hindi Economics

[@alfredhitchcock45]

Bakit may Corruption? Ung host ang prime example ng Corruption. May pangbayad naman pala siya ng tuition eh bakit sa UP pa niya siniksik anak niya. He answered his own question.

[@alfredhitchcock45]

Remission permit - air pollution

[@alfredhitchcock45]

Tanungin mo ung host pag naglagay sa kanya ung pulitiko na binibira niya sa media tatanggapin niya or hindi? Pag nasagot niya yan masasagot niya ung corruption

[@alfredhitchcock45]

Confidential Fund - lawyers ang mag-amang Sara and Digong so alam nila ung legal loophole for audit free corruption. Unlike pag tangible buildings ang daling mabutasan jan kasi kitang kita. So ang solution: to legislate stricter rules for Confidential Funds that is should be solely restricted to NBI, AFP, PNP kasi sila talaga ung may need ng Intelligence or surveillance for criminals and terrorists

[@alfredhitchcock45]

To businessman - like mayari ng TV5 na boss niya na monopoly ang Smart and Meralco and PLDT but he is not allowed to hit his boss kasi wala na siyang work kinabukasan.

[@alfredhitchcock45]

Primary/Secondary vs Tertiary Limited resources Human Capital Anak ng mayayaman

[@michellejue3199]

MiLton Friedman = free tertiary education only benefit middle at upper class😂

[@codelessunlimited7701]

You obviously don't know who is Milton Friedman. Free tertiary benefits the government, and the diminishes the public interest, and open up bureaucracy in educational system.

[@alfredhitchcock45]

Hindi mo na macocontrol ung "critical mass of politicians". Alam nila perfectly ung ginagawa nila. What you can change are the people who vote for them because sasabay lang naman ang pulitiko sa pulso ng masa

[@alfredhitchcock45]

The problem with these 3 nasa private schools ung anak nila. Kung nasa public ung anak nila makikita nila na ung notebook, bags and sapatos tadtad ng mukha ng pulitiko pati pangalan ng buildings

[@kapitan300]

Gcash na corruption …

[@alfredhitchcock45]

Data Driven Policy

[@alfredhitchcock45]

Kidney transplant - algorithm, bidding wars, black market, allocation of resources

[@codelessunlimited7701]

Ang traffic congestion sa Metro Manila ay epekto yan ng failed policy, short planning sa EDSA, in another word "governnment bureaucracy", not because of drivers buying personal car, pointing fingers to blame the drivers/motorists ay hindi lang absurd, but pretty shallow and clueless of acknowledging the issues of traffic in Metro Manila. It's like blaming a patient in a hospital kasi meron siyang life insurance.

[@alfredhitchcock45]

Well ung US na independent pag 18 is also a by product of Economics. Like how in the world can you be independent in the Philippines by 18? Eh college grads nga mga jobless

[@alfredhitchcock45]

Behavioral Economics Game Theory

[@alfredhitchcock45]

Alam ko na ung gusto ni Cielo she wanted a left leaning curriculum but that would be highly contested by politicians and parents alike especially if you introduce that to Primary and HS. Ung makakaliwa na pamphlets. Ang education ngayon is sanitized and deodorized meaning any contentious or controversial issues cannot be taught. Only those politics free issues.

[@codelessunlimited7701]

Well obviously why would parents want their kids be taught controversial that most likely not part of educational curriculum. Kaya education should not be under the government, but rather by the marketplace.

[@alfredhitchcock45]

@@codelessunlimited7701 exactly pero ung mga UP na guests makakaliwa yan so gusto nila maginsert ng leftist agenda sa curriculum ng mga bata

[@vbyssey100]

Goodness - Wrong answers for the wrong questions -

[@jedi10101]

where? which part? state the wrong questions & answers & give us the timestamp when it happened.

[@alfredhitchcock45]

Yes true. Wrong answers also wrong questions. Academics kasi sila so more on textbook theories sila. And ung host wala namang alam at all sa Economics.

[@alfredhitchcock45]

Si Diokno nga ang laki ng sahod

[@codelessunlimited7701]

Malaki kasi ang associations ng communism at NPA sa Pilipinas, kaya tiba tiba siya sa sahod. Tapos may golden tooth pa siya.

[@jademonolith]

LOL if these are the best our country has to offer, we are seriously fked. Much like everyone coming from the big 4, they really CANT go beyond pedantic discussion and college war stories

[@alfredhitchcock45]

Di magets nung host ung Classical Rational Economics ni Adam Smith and Irrational Behavioural Economics ni Richard Thaler. Ung mukha niya nakatulala sa hangin

[@codelessunlimited7701]

Paano mga leftist economics naman ang mga natutunan nyan. Kaya lahat ng economic advisor ng Pangulo sa Pilipinas, bobo pa sa recruited radical na aktibista sa UP schools. But the taxpayers are paying them millions of pesos per year, meron naman resulta ang 4Ps at newly created sovereign funds at government department.

[@vbyssey100]

These are pygmies compared to Mareng Winnie -

[@alfredhitchcock45]

Mareng Winnie na marites matandang hukluban disguising as economist

[@alfredhitchcock45]

Di niya magets ung "saturation point" kasi hindi siya acquainted sa concepts of Utility and Unlimited Wants. So parang sirang plaka ung host his feeble mind could not understand it

[@markjosephdolotina4762]

left leaning economics

[@markneilrellon8385]

Tanong lng gaa travel expenses 2023 congress 2.066billion tapos 39million plus na spend december na..do you think its good economics?

[@WAN2TREE4]

Those travels are encouraged by the system because hopefully they will bring back foreign investments to create employment which will generate money for the workers thus enable them to purchase goods that will make the economy go round, one of the potential benefits of those travels. You can think of those travel expenses as investments wiht the hope of earning returns over time. Pero bibigyan kita ng argumento laban sa mga magastos na foreign expeditions na yan ni BBM. Ang sasabihin mo lagi, "pano magpupunta sa Pinas ang investors kung MAHAL ANG KURYENTE, LAGI PA BROWN OUT; laging traffic, mabagal internet, matindi ang corruption, maraming walang pinag-aralan kaya no skills, mahal ang bilihin, walang matirahan ..." LOL

[@markneilrellon8385]

Congress tinutukoy hindi office ng pres. Hayaahhh ....

[@alfredhitchcock45]

No. Ginawa na yan ni Gloria and Ramos dati. Travel galore

[@codelessunlimited7701]

​@@WAN2TREE4You don't create foreign investment by spending taxpayers money. You create capital by encouraging capital and allowing them to flourish in a market like the Philippines without government coercion.

[@WAN2TREE4]

@@codelessunlimited7701 Ha? LOL You have to improve your infrastructures like the internet, roads, energy sources (walang brown out), etc. to make the investors even think about your country. If all of the above are subpar or almost non-existent walang pupunta sa bansa mo. Proof? Ask your president why he's always making those trips and yet puro pngako nakukuha nya. San ang mga investors? Nasa Vietnam, Singapore, Malaysia. You can sell the beauty, the "English speaking" skill of you fellowmen but if they cannot move from point A to to point B without experiencing traffic, wala lahat sinasabi mo. Flourish my butt lol "You create capital by encouraging capital..." LOL Create money from nothing lol

[@alfredhitchcock45]

Maayos na bahay? So tama ba si Pacquiao. Ano ba ung tama low cost subsidized housing or free housing? Kung matalino ung host pwede niya ung masundutan ng tanong kaso hindi eh.

[@luzcabrera8855]

theoretical ka naman, prof punongbayan.

[@CharlieTangoLaw]

When we overthrow the Marcos Sr. regime we also throw the government capability to care about industry, when steel company is losing in international scene, the government can rescue and cut a deal to certain industry in the end just like the saying " we throw the baby out with the bathwater" we should bring back the government capability to build care and rescue industry just like VietNam, communist sila pero nakapagbuild sila ng industry thru this method.

[@MarioValentinoTV]

Sayang yung season na yun na na reset ni Cory,nag back to zero tayo.

[@CharlieTangoLaw]

@@MarioValentinoTV hard reset nga bro, naging open market lahat hinayaan sila. kasi takot daw sa "corruption" wala na naging maintaining saka regulators nalang yung gobyerno di na kaya mag taguyod ng industriya, dati kasi pag malugi nirerescue ng gobyerno e or kung kakasimula palang may tulong talaga kung umayos na binibitawan na from there tamang guide nalang sila kung ano dapat ang gawin, gaya ngayon wala na guide yung mga billionaire kung saan nalang kikita doon mag invest sa pag kain yung Thailand CPfoods corp sa VietNam VinaFood Indonesia may PTPNXIV nung nawala yung ganong method nawala din industries Manufacturing sa marikina tubuhan sa negros/iloilo nawala din steel making nawala din TADECO nwala lahat ng pang balancer sa free market. I believe marcos Sr. has the right prints of nation building in an Industrialist POV. pero during that day andami rin namang corruption pero gaya nga ng sabi ko sana inalis nalang yung corrupt ipinagpatuloy yung industry building.

[@MiraGe-qv5rr]

Sbi nga ni tabako... Hnd dw business ang gobyerno. Kya bnbenta nsc

[@WAN2TREE4]

@@MarioValentinoTV You don't know what you're talking about.

[@alfredhitchcock45]

Puro ka Marcos ung anak niya isa pang pahirap sa bansa

[@chronodoggie]

I have high respect for both Prof Cielo and Prof JC… but I’m not sure if they were able to provide examples that are very “real” for an ordinary Pinoy citizen.( I think that was what the interviewer was hoping to achieve)

[@madrians0530]

I get your sentiment. Both of them didn't provided a tangible answer to some of the questions. Like on those questions related to the benefits of Economics in the Philippine Society as a whole. But we can still say that they sufficiently expounded on the fact that Economics can help policy-makers to make Data-Driven decisions, the type that the next generation will truly appreciate. Di lang Basta Basta policy making in the end may negative unintended effects pala.

[@gimelgar4233]

Happy ako sa guests pero sa host, hindi. Kuda ng kuda at ang daming opinyon. Next time, magmonologue na lang sya, wag na sya magguest. Imbes na pagsalitain ang guests, sya ang salita ng salita at kinocut-off nya yung guests abruptly para lang makapagsalita.

[@gamingcentral2295]

The interviewer has to repeatedly ask questions because they are the typical academic that talks about theories.

[@WAN2TREE4]

Just imagine a talk show where the host is not asking questions, who do you think will watch that show? Ikaw? lol Or maybe you're hoping the guests will be the ones asking questions to the host? lol

[@gamingcentral2295]

@@WAN2TREE4 Huh? Seems like you did not understand my comment. Richard has to repeatedly ask the same question because they cant come up with specific practical answers. They cant come up with those kind of answers because they are from the academe. They lack the real world experience of managing money and economy. Look how stephen cuunjieng respond compared to these two.

[@WAN2TREE4]

@@gamingcentral2295 For one, read your initial comment again and see what kind of response you'll get. Stephen Cuunjieng is an investment professional so he knows his thing about money, similar but different area of concentration. Yung host mismo nangangapa kung pano ipe-phrase yung tanong nya so he has to try and try again. Lastly, I am sure they have many answers to the question (professors) but in the process of choosing the exact scenario they ended up unclear to you.

[@gamingcentral2295]

@@WAN2TREE4 richard wanted to ask specific answers to problems. They cant come up with specific answers because their experience is in the classroom. Thats a typical academic. They cant come up with practical answers/policies that work.

[@gamingcentral2295]

As a market participant, we get frustrated when these jokers comment on the economy based only on economic theories. I believe those people that have created value from something. They don’t get their political affinity to cloud their business decisions. At the end of the day money doesn’t have a flag.

[@moveit707]

Wow lumabas ang tunay na kulay 😅😅😅pink na pink 😅😅😅😅

[@WAN2TREE4]

Hula ko hindi mo naintindihan yung usapan LOL Kung naintindihan mo sigurado iba ang sasabihin mo at hindi ka matatawag na TANGA.

[@alfredhitchcock45]

Yes certified kakampink and dilawan yan.

[@alfredhitchcock45]

Di niya magets ung "saturation point" kasi hindi siya acquainted sa concepts of Utility and Unlimited Wants. So parang sirang plaka ung host his feeble mind could not understand it