Colin
May 20th, 2009, 12:08 PM
LESSON IN ECONOMY
This occurs in a very small village which normally relies on tourism, except that because of the economic crisis it there are no tourists. Everyone borrows from everyone to survive. Several months pass. Finally a tourist arrives to rent a room. He pays for it with a 100$ bill. The tourist is at once escorted to his room. The hotel owner hurries to the butcher shop where he owes one hundred dollars. At once, the butcher takes the 100$ bill to the farmer who supplies the meat. The farmer in turn, hurries to go to a hooker to pay his debt for past services rendered. The hooker closed the loop by going to the hotel to pay for a room that she rents by the hour. As she puts the 100$ note on the counter, the tourist who had just rented the room said he was not happy with it. He picks up his money and leaves. Nothing was spent, nor gained. Nevertheless nobody in the village has debts. Is this not the way we are solving the world-wide crisis?
This occurs in a very small village which normally relies on tourism, except that because of the economic crisis it there are no tourists. Everyone borrows from everyone to survive. Several months pass. Finally a tourist arrives to rent a room. He pays for it with a 100$ bill. The tourist is at once escorted to his room. The hotel owner hurries to the butcher shop where he owes one hundred dollars. At once, the butcher takes the 100$ bill to the farmer who supplies the meat. The farmer in turn, hurries to go to a hooker to pay his debt for past services rendered. The hooker closed the loop by going to the hotel to pay for a room that she rents by the hour. As she puts the 100$ note on the counter, the tourist who had just rented the room said he was not happy with it. He picks up his money and leaves. Nothing was spent, nor gained. Nevertheless nobody in the village has debts. Is this not the way we are solving the world-wide crisis?