Wednesday, March 29, 2023

Economic Models Explained Using Goats


Economic Models Explained Using Goats
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You have 2 goats.
You give one to your neighbor.
COMMUNISM
You have 2 goats.
The State takes both and gives you some milk.
You have 2 goats.
The FASCISMState takes both and sells you some milk.
NAZISM
You have 2 goats.
The State takes both and shoots you.
BUREAUCRATISM
You have 2 goats.
The State takes both, shoots one, milks the other, and then throws the milk away...
TRADITIONAL CAPITALISM
You have two goats.
You sell one and buy a kid.
Your herd multiplies, and the economy grows.
You sell them and retire on the income.
SURREALISM
You have two giraffes.
The government requires you to take harmonica lessons
AN AMERICAN CORPORATION
You have two goats.
You sell one, and force the other to produce the milk of four goats.
Later, you hire a consultant to analyze why the goat has dropped dead.
ENRON VENTURE CAPITALISM
You have two goats.
You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four goats back, with a tax exemption for five goats.