Masterpiece on Economics

Masterpiece on Economics :-

One day a tourist comes to the only hotel in a debt ridden town in Kenya. He lays a 100 dollar note on the table & goes to inspect the rooms.

Hotel owner takes the note & rushes to pay his debt to the butcher.

Butcher runs to pay the pig farmer.

Pig farmer runs to pay the feed supplier.

Supplier runs to pay the maid, who in these hard times gave her services on credit.

Maid then runs to pay off her debt to the hotel owner whom she borrowed from in these hard times.

Hotel owner then lays the 100 dollar note back on the counter.

The tourist comes down, takes his money & leaves as he did not like the rooms.

No one earned anything, no value created, wealth redistribution was on paper, yet that entire group of people is now out of debt & looks to the future with a lot of optimism.

That is how the world is doing business today

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