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Topic: Political Economics

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Political Economics

Posted: 3/12/09 6:23pm Message 1 of 1
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Econ 101...
                        Stimulus Bill  Explanation


 Shortly after class,  an economics student approaches his economics

 professor and says, "I  don't understand this stimulus bill.

 Can you explain it to  me?"

 The professor  replied, "I don't have any time to explain it at
my

 office, but if you  come over to my house on Saturday and help

 me with my weekend  project, I'll be glad to explain it to you."

 The student  agreed.
 At the  agreed-upon time, the student showed up at the

 professor's  house.  The professor stated that the weekend
 project involved his  backyard pool.

 They both went  out back to the pool, and the professor

 handed the student a  bucket.  Demonstrating with his own
bucket, the professor  said, "First, go over to the deep end,

 and fill your bucket  with as much water as you can."

 The student did as he  was instructed.


 The professor  then continued, "Follow me over to the shallow

 end, and then dump all  the water from your bucket into it."

 The student was  naturally confused, but did as he was told.


 The professor  then explained they were going to do this many

 more times, and began  walking back to the deep end of the pool.


 The confused  student asked, "Excuse me, but why are we doing this?

 The professor  matter-of-factly stated that he was trying to make

 the shallow end much  deeper.

 The student  didn't think the economics professor was serious,

 but figured that he  would find out the real story soon enough.
 However, after  the 6th trip between the shallow end and the

 deep end, the student  began to become worried that his

 economics professor  had gone mad.


 The student finally  replied, "All we're doing is wasting
valuable

 time and effort on  unproductive pursuits.  Even worse, when

 this process is all  over, everything will be at the same level it

 was before, so all  you'll really have accomplished is the destruction

 of what could have  been truly productive action!"


 The professor  put down his bucket and replied with a smile,

 "Congratulations.  You now understand the stimulus  bill."
 ==============================================================

 All About  Wealth---this is as good as I have ever seen it said:


 You cannot multiply  wealth by dividing it.


 The government cannot  give anything that it does not first take from 
someone.


 You cannot legislate the  poor into freedom by legislating the wealthy
 out of freedom.


 For what one person  receives without working, another person must
 work without  receiving.


 When half of the people  get the idea that they do not have to work
 because the other half is going  to take care of them, and when the
 other half gets the idea that it does no  good to work because
 somebody else is going to get what they work for
 ........................ that my dear friend, is about the end of a
 nation.

 

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Political economics

 

Recession is when your neighbor loses his job.

   Depression is when you lose yours. 

    

 




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