This is the correct answer to this question. As stated, it's not economics, it's accounting.
The first known version of this story appeared in 1683, but it probably dates from earlier than that. Versions of this question have been appearing in accounting classes for over 100 years now. Most modern versions do not include a prostitute, however.
Most people get so hung up on the $100 bill walking away after "paying" all those debts that they don't see that the only thing that changed was the accounting.
People have been trying to use this little story as an example of everything that is wrong with society/goverment/kids these days/etc/insert your complaint here since 1684.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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