3 out of 4 Malaysians can’t raise RM1,000, in an emergency 
Apr 12 2017, 08:36 PM
QUOTE(howszat @ Apr 12 2017, 08:24 PM)
Is this guy really an economist? To come up with such a stupid statement?
There are different types of expenditures, ranging from essential to discretional. If your income does not rise proportionately, you adjust your expenditures accordingly.
To say something like "income rise proportionately" is just sheer stupidity. Because it does not happen in real life.
If we have stupid economists with stupid statements, the country is doomed. Hopefully, there are not many idiots like Ali around.
Well, economists also study people behaviour. Sure, the right thing to do is to adjust your spending based on your income but that's not necessarily what most people do.There are different types of expenditures, ranging from essential to discretional. If your income does not rise proportionately, you adjust your expenditures accordingly.
To say something like "income rise proportionately" is just sheer stupidity. Because it does not happen in real life.
If we have stupid economists with stupid statements, the country is doomed. Hopefully, there are not many idiots like Ali around.
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