How the US economy works
It’s a slow day in a little East Texas 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 back east is driving
through
town. He stops at the motel and lays a $100 bill on the desk saying he
wants
to inspect the rooms upstairs in order to pick one to spend the night.
As soon as the man walks upstairs, the owner grabs the bill and runs
next
door to pay his debt to the butcher.
The butcher, after being paid, takes the $100 and runs down the
street to
retire his debt to the pig farmer.
The pig farmer, after being paid, takes the $100 and heads off to pay
his
bill at the supplier of feed and fuel.
The guy at the Farmer's Co-op, after being paid, takes the $100 and
runs
to pay his debt to the local call girl, who has also been facing hard
times
and has had to offer her "services" on credit.
The hooker, after being paid, 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
traveler will not suspect anything.
At that moment the traveler comes 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 now looks to the future with a lot more
optimism.
And that, ladies and gentlemen, is how the United States Economy
works..
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