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 - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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