Fwd: Fw: Economics 101

[Guest guest]

Economics 101

It is a slow day

in the small North Dakota town of Pumphandle, and the

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 prostitute

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 looks to the future

with a lot more optimism.

 

And that, ladies and gentlemen, is how a Stimulus

package works.