Doug72
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Junior
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Economics - 2009/06/21 12:38
Economics
It is the month of August, on the shores of the Black
Sea. It is raining, and the little town looks totally
deserted. It is tough times, everybody is in debt and
everybody lives on credit.
Suddenly, a rich tourist comes to town.
He enters the only hotel, lays a 100 Euro note on the
reception counter, and goes to inspect the rooms
upstairs in order to pick one.
The hotel proprietor takes the 100 Euro note and runs
to pay his debt to the butcher.
The Butcher takes the 100 Euro note, and runs to pay
his debt to the pig grower.
The pig grower takes the 100 Euro note, and runs to
pay his debt to the supplier of his feed and fuel.
The supplier of feed and fuel takes the 100 Euro note
and runs to pay his debt to the town's prostitute that
in these hard times, gave her "services" on credit.
The hooker runs to the hotel, and pays off her debt
with the 100 Euro note to the hotel proprietor to pay
for the rooms that she rented when she brought her
clients there.
The hotel proprietor then lays the 100 Euro note
back on the counter so that the rich tourist will
not suspect anything.
At that moment, the rich tourist comes down after
inspecting the rooms and takes his 100 Euro note,
after saying that he did not like any of the rooms
and leaves town.
No one earned anything. However, the whole town
is now without debt, and looks to the future with a
lot of optimism.
And that, ladies and gentlemen, is economic
recovery stimulus.
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