I received this chainmail recently and thought it was funny.
Economics 101 = Short & Interesting
It is a slow day in the small Manitoba town of Lac du Bonnet and streets
are deserted.Times are tough, everybody is in debt, and everybody is living on credit.
A tourist visiting the area drives through town, stops at the motel, and
lays a $100 bill on the
desk saying he wants to inspect the rooms upstairs to pick one for the
night.As soon as he walks upstairs, the motel owner grabs the bill and runs next
door to pay his debt
to the butcher.The butcher takes the $100 and runs down the street to retire his debt to
the pig farmer.The pig farmer takes the $100 and heads off to pay his bill to his supplier,
the Co-op.The guy at the Co-op takes the $100 and runs to pay his debt to the local
prostitute,
who has also been facing hard times and has had to offer her “services” on
credit.The hooker rushes to the hotel and pays off her room bill with the hotel
owner.The hotel proprietor then places the $100 back on the counter so the
traveler will not suspect
anything.At that moment the traveler comes down the stairs, states that the rooms are
not satisfactory,
picks up the $100 bill and leaves.No one produced anything.
No one earned anything…
However, the whole town is now out of debt and now looks to the future with
a lot more
optimism.And that, ladies and gentlemen, is how a “stimulus package” works.