just for fun!

Economics 101

Friday’s best joke!

It’s a slow day in a little Western Queensland town. The sun is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit. On this particular day a rich tourist from the Gold Coast is driving through town. He stops at the Royal Hotel lays a $100 note on the (rickety) desk saying he wants to inspect the rooms upstairs in order to pick one to spend the night.

As soon as the man walks the creaky old stairs the owner grabs the $100 note 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 for fuel and groceries. The manager of the Co-op takes the $100 and sneaks out to pay his debt to the local prostitute, who has also been facing hard times and has had to resort to offering 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 rich traveller will not suspect anything. At that moment the traveller creaks down the stairs, picks up the $100 bill, states that the rooms are not satisfactory, pockets the money and leaves town.

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.