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How our economy works

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  • How our economy works

    I received this email from a friend today.

    It is the month of April, 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.

    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 how the United States Government is doing business today.


    jim




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