The money-go-round

It’s mid summer in a resort town on the shores of a lake.

It is raining, and the little town looks totally deserted. Times are tough, everybody is in debt, and everybody lives on credit.

 A tourist arrives in town.

 She enters the only hotel, puts a 100 dollar note on the reception counter, and goes to inspect the rooms upstairs.

 The hotel proprietor takes the 100 dollar note and runs to pay his debt to the butcher.

 The butcher takes the 100 dollar note, and runs to pay his debt to the farmer.

 The farmer takes the 100 dollar note, and runs to pay her debt to the stock firm which supplies her feed and fuel.

 The stock firm manager takes the 100 dollar note and runs to pay his debt to the town’s prostitute who gave her services on credit.

 The hooker runs to the hotel, and uses the 100 dollar note to pay her debt to the hotel proprietor for the rooms that she rented when she brought her clients there.

 The hotel proprietor then lays the 100 dollar note back on the counter.

 At that moment, the tourist comes down after inspecting the rooms, takes her 100 dollar note saying that she 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 more optimism.

 And that is how the United States Government is doing business today.

Hat Tip: The Ag Letter  a weekly email newsletter on farming and related matters from Wairarapa Farm Consultants Baker and Associates.

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