5th Law of Economics

Ah missed one...

5. It is not what you get, but where the money goes that is most important.

Consider buying something from the manufacturer and buying it from a thief. You get the same thing but the money goes in very different directions. Give it to the maker and it goes to support the company who will make more of what you evidently wanted. Give it to the thief and it encourages him to thieve... and when your item is stolen you know why! I make this mistake all the time with bicycles.

While renting i realised that my landlord was a business man, not interested in supplying a service only interested in profit. It is expensive to rent and you get very little for your money. Where does the money from rent go? In this case it went to buy more houses and to fund his flamboyant life style. Basically it created nothing and achieved nothing in the greater world. It was badly spent money.

So I hatched the garage plan. All the money that would have been ploughed into the useless housing market bubble, is now given to the council in rent (and the council does good things with it) and I have large amounts to give to charity and save to buy a house in cash. This is an ethical and good way of life, in accordance with the 5 laws of economics propounded.

It is not that the current economic down turn is bad... it is simply the result of the current foolish laws of economics, designed to make some people rich and the most poor, and designed to keep a few people powerful and the majority impotent. Very pleased that Totnes and now Lewis (in UK) have issued their own money :-) I wish we could all do that.