There is a reason Keynesians, to whom consumption is everything, never speak of the “flip side of Gross Domestic Product (GDP)”: Gross Domestic Income. The wellsprings of wealth are savings, investment and production. Why would proponents of a political theory that champions a credit-fueled, consumption-based bondage to government wish to encourage the power shift—intellectual and political—that comes with that understanding?
“What Does Gross Domestic Income – GDI Mean?
The sum of all income earned while producing goods and services within a nation’s borders. Gross domestic income (GDI) is a lesser-known calculation stat used by the Federal Reserve to gauge economic activity based on income. It differs from gross domestic product (GDP), which gauges economic activity on expenditure.”
If you can get past the grating tones, the following clip is also instructive: