The second Essential Truths Booklet released by the Human Rights Violations Memorial Commission (HRVVMC) focuses on the Philippine Economy during the Martial Law Years. The discussion of whether or not the former Marcos Administration was a “Golden Era” of the Philippines is deconstructed against actual statistical evidence and review. Examination reveals that the imposition of Martial Law was in fact a “dark age of Philippine Economy”, featuring abuses of governance meant to enrich the Marcos Clique. Martial Law is noted to have left a negative impact on the nation’s overall development – particularly in poverty reduction and inflation.