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Re: Economics 101 Puzzle for Dummies ????


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Posted by K Effective on October 09, 2019 at 04:05:57 from (99.184.108.123):

In Reply to: Economics 101 Puzzle for Dummies ???? posted by Crazy Horse on October 08, 2019 at 12:12:57:

Hotel owner takes money that is not his and pays retail price for some meat. He reduces his debt by $100, no change to his accounts receivable, yet.

Butcher takes in $100 for meat he sold at retail, but only paid wholesale for (use 50%, for example). His accounts receivable goes down by $100, and accounts payable is lowered by $100 when he pays his bill to the pig farmer, but he still is owed $100 (say by the librarian) for the other $50 dollars of meat he just paid the farmer for. His lot in life is better, and will improve when the librarian pays her debt.

The pig farmer takes in $100 and pays out $100, presumedly retail price of feed supplement, but still owes for the initial cost of the piglets. We assume he has other receivables as well, like the butcher. His lot in life is better, PLUS there is the gov't program payment, etc, etc.

The Co-Op guy steals the $100 from the business to pay a personal debt, to the prostitue of all people. Yes, his debt lowers, but his soul is lost on so many levels. And, the Co-Op is out the $100 receivables, and down one employee when caught.

The prostitute sells her dignity and soul for the money. Surely, she does not pay $100 per session to the motel owner, (who, actually DOES call her Shirley) She, too has other receivables owed to her by other Johns, and has lowered her debt to the motel owner, so her lot in life has improved, but how could it have gotten any worse?

And, now back to the motel guy, who lowers his receivables by $100 (from Shirley) and gives "his" money away to a traveling stranger. Combined with the earlier reduction in his debt, he breaks even on the day financially, and restores the person from whom he stole the money, if secretly.


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