from Pantperthog to Knockando

Wednesday, September 09, 2009

The parable of the 100 Euro Note

A Lesson in Economics, sent to me by a friend.

It is the month of August, 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 choose 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 farmer.

The pig farmer takes the 100 Euro note, and runs to pay his debt to the supplier of pig-feed and tractor fuel.

The supplier of feed and fuel takes the 100 Euro note and runs to pay his debt to the town prostitute who, in these hard times, gave her "services" on credit.

The prostitute runs to the hotel, and gives the 100 Euro note to the hotel proprietor to pay her debt 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 so that the rich tourist will not suspect anything.

At that moment, the 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...

Labels: ,

1 Comments:

At 12/9/09 22:04, Blogger frankerooney said...

Hi Jon, this is Rachel Franks from North Shrewsbury Community Church. I work for Heather Keates' charity Community Money Advice. I was wondering if it would be possible to put the 'parable of the 100 Euro note' in the next CMA newsletter? and who we should attribute it to? I would be grateful if you could let me know how to find out. My email address is rachel@communitymoneyadvice.com. Thank you!

 

Post a Comment

<< Home