Post by mmaxwell on Oct 11, 2013 7:20:29 GMT -6
It’s a slow day in the small 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, he lays a $100 bill on the desk saying he wants to inspect all the rooms upstairs and 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 farmer. The farmer takes the $100 and heads off to pay his bill at the Co-op. The guy at the Co-op takes the $100 and runs to pay his debt to the local prostitute, who has been renting rooms at the motel on credit. So 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 now thinks that they are out of debt and there is a false atmosphere of optimism and glee. And that, my friends, is how a “government stimulus package” works!
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 now thinks that they are out of debt and there is a false atmosphere of optimism and glee. And that, my friends, is how a “government stimulus package” works!
Goodbye 2020