Economics

Why it won't work...

An economics professor at a local college made a statement that he had never failed a single student, but had once failed an entire class.

That class had insisted that socialism worked; that no one would be poor, and no one would be rich, a great equalizer.

The professor then said, "OK, we will have an experiment in this class on socialism." All grades would be averaged, and everyone would receive the same grade; so no one would fail, and no one would receive an A.

After the first test, the grades were averaged, and everyone got a B.

The students who studied hard were upset, and the students who studied little were happy.

Here's the problem...

No one is hiring because no one is buying because no one is working because no one is hiring because no one is buying.

Why?

Why are banks getting bailout loans?
  Because they can't manage their money.

Why are people losing their homes?
  Because they can't manage their money.

Dur...

How it's going to go down...

GM, Ford & Chrysler: Hello? Suppliers? We can't buy anything anymore sorry...

Auto Suppliers: Sorry but we have to let you hard workers go. Now off to file bankruptcy...

Unemployed Worker: No Honey, we don't have the money to buy new things; We can't even go out to a restaurant. I guess it's Ramen again...

Ramen Producers: Yay! We're rich!

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