Posted by Crazy Horse on October 09, 2019 at 05:20:16 from (66.222.186.49):
Man, lots of good replies and interesting comments on the story about the movement of the $100 and what actually did happen as it moved full circle. And someone was correct in saying it was an accounting puzzle, not an economic one. I believe those that said the whole thing ended up being a wash were correct. First, the traveler really wasn't really included in the town's money movement, he just showed up with the money and left with the same amount. Meanwhile, every town dweller in the story started out owing $100 to someone else but at the same time was owed $100 by some other person. The same thing resulted at the end of the story. So a net wealth of zero dollars really for each person to start, and this was the case at the very end. I think I got that correct.
But from the original story, I omitted the last sentence on purpose so as to focus on what happened with the townspeople. Here is what I left out, and some replies did actually touch on this one way or the other. Here ya go .... I suspect it opens the door for some replies.
"AND THAT, MY FRIENDS, IS HOW A GOVERNMENT STIMULUS PACKAGE WORKS!"
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