Economics 101

Economics 101

It is a slow day in the East Texas town of Madisonville .

It is raining, and the little town looks totally deserted.
Times are tough, everybody is in debt and everybody lives on credit.
On this particular day a rich tourist from the East is driving through town.

He enters the only hotel in the sleepy town and lays a hundred dollar bill on the desk
stating he wants to inspect the rooms upstairs in order to pick one to spend the night.

As soon as the man walks up the stairs, the hotel proprietor takes the hundred dollar
bill and runs next door to pay his debt to the butcher.

The butcher takes the $100 and runs down the street to pay his debt to the pig farmer.
The pig farmer then takes the $100 and heads off to pay his debt to the supplier of feed
and fuel.

The guy at the Farmer's Co-op takes the $100 and runs to pay his debt to the local
prostitute, who has also been facing hard times and has lately had to offer her
"services" on credit.

The hooker runs to the hotel and pays off her debt with the $100 to the hotel proprietor,
paying for the rooms that she had rented when she brought clients to that establishment.

The hotel proprietor then lays the $100 bill back on the counter so the rich traveler will not
suspect anything.

At that moment the traveler from the East walks back down the stairs, after inspecting the
rooms.

He picks up the $100 bill and states that the rooms are not satisfactory. ..... Pockets the
money and walks out the door and leaves town.

No one earned anything. However the whole town is now out of debt, and looks to the
future with a lot of optimism.

That, ladies and gentlemen, is how the United States Government is conducting business
today.

If that doesn't scare the hell out of you, then I don't know what will.

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4 Comments

5 years 4 weeks ago, 12:04 PM

charley9toe

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Well Done $$

lesson in current financing.

(You have to look behind all of that outer space stuff)
5 years 4 weeks ago, 2:03 AM

runawaygun762

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does someone have a 1,000 dollar debt and simply draws an extra zero on the money?

"I have always been a soldier. I have known no other life. The calling of arms, I have followed from boyhood. I have never sought another." From The Virtues of War, by Steven Pressfield.
5 years 4 weeks ago, 2:10 AM

charley9toe

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runaway

That would be called inflation , wouldn't it ?

(You have to look behind all of that outer space stuff)
5 years 4 weeks ago, 2:15 AM

LittleDragon

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Wacko's Wish! lol

ryo may have finally learn something that make sense about the politic of economy. this story is very similar to the christmas cartoon story call, Wacko's Wish with the Warner Brothers and Sister, Yacko, Wacko and Dot. Wacko has a penny and it goes from one person to the next in the story as the 3 sibling go on their quest to earn this great Wish. everybody in the story benefit, but nobody really earn anything until the end of the story when Wacko finally earn his wish and get to make it. ryo will not say here what the wish was. you'll just have to watch the cartoon and find out neh.

d:-) <---- ryo in baseball cap

Your friend,

LittleDragon

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Posted by: samD
5 years 4 weeks ago
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