During the Marcos Administration led by former President Ferdinand Marcos Sr. around the time of his dictatorship, it has been debated by history experts and pro-marcos people whether the effect of his administration has been beneficial or disastrous. One example of this is the historical declaration of “Martial Law” declared by the President himself on September 21, 1972, wherein he claimed that he had done so in response to a “communist threat”. However, it was more than just a response to a threat, the establishment of this law affected our country’s economy and people as well in a negative way which many still deny to this day. 

As a response to the myths of pro-marcos and apologists claiming that the country was in a perfect state during the Marcos regime, PhD University of the Philippines School of Economics assistant professor, economist, and author, JC Punongbayan recently published a book, False Nostalgia: The Marcos ‘Golden Age’ Myths and How to Debunk Them, aiming to debunk the “golden age” myth once and for all. The chapters in the book were arranged for each  myth/false claim that many people believe in and it is corrected by his and his team’s own research with statistical data as well as with graph illustrations.