economics

    • 601 posts
    December 10, 2010 7:45 AM PST
    Just in case your understanding of economics is not up to speed: -

    It is a slow day in a damp little town. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt and everybody lives on credit. On this particular day a rich  tourist is driving through the town, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night.

    The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher. The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer.

    The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel. The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the pub. The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit. The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note.

    The hotel proprietor then places the €100 note back on the counter so the rich traveller will not suspect anything. At that moment the traveller comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money and leaves town. No one produced anything. No one earned anything. However, the whole town is now out of debt and looking to the future with a lot more optimism.

    And that, ladies and gentlemen, is how economics works.
    • Moderator
    • 19007 posts
    December 10, 2010 8:38 AM PST
    Now that is modern economics...
  • December 10, 2010 11:46 AM PST
    yep!
    • 580 posts
    December 11, 2010 12:39 AM PST
    Sure is (o:
  • December 11, 2010 12:52 AM PST
    thats the sad part its true!!! lol
  • December 14, 2010 3:35 AM PST
    My buddies and I have the same economic plan!