We learn this in economics textbook – “Disposable Income”. Is this not the indoctrination from the people who owns the systems to make us think the income we earn has not other purposes other than to dispose it of! Well, I do not know who coined the term. And I cannot prove whether the person who coined this term had intended it that way.
But certainly, the governments and the politicians behind them love to use Keynesian economics as an excuse to keep on printing their paper money (or more appropriately fiat currency) and continue to rob their people of their hard work and value they create for the society.
Have you heard of any political leaders telling us the truth and urging us to cut down our debts and increase our savings for the rainy days?
“What bubble?” is their standard response when faced with questions like, “Are we in a bubble right now?”
Yeah right, our income must be disposed of, so that the economy keeps going. So that jobs continue to grow. So that we can spend our way out of trouble!
How can it be when one person continues to do the wrong thing – spending more than he can earn – he will get deeper and deeper trouble and ultimately goes bankrupt…But, when collectively a group of people (ie. an entire society) continues to consume and spend beyond their productivity (ie. their earnings), they can save the economy?
What sort of nonsense is that???
The only way to ensure the public buy in to their utter rubbish, government-endorsed economists will have to come up with something elegant or technical sounding, such as “disposable income”.
Money printing??? Hell no! It is “quantitative easing”. The more we print, the more it eases our economic pains.
See that? Not convinced? Well, no problem. The politicians knows that when you cannot convince, you confuse!!!
This article was written by Ken Soong (co-author of Migrating to Australia Good Meh???, Buying a Residential Property in Australia: Eight Things You Should Know Before Doing It and Making It in Australia)
