An economics story

[Dleg]

I read this on a joke page somewhere, and it had me scratching my head for a while:

It is August in a small town on the South Coast of France, holiday season is in full swing, but it is raining so there is not too much business happening.
Everyone is heavily in debt.

Luckily, a rich Russian tourist arrives in the foyer of the small local hotel.

He asks for a room and puts a 100 eruo note on the reception counter, takes a key and goes to inspect the room located up the stairs on the third floor.

The hotel owner takes the banknote in hurry and rushes to his meat supplier to whom he owes 100 euros.

The butcher takes the money and races to his wholesale supplier to pay his debt.

The wholesaler rushes to the farmer to pay 100 euros for pigs he purchased some time ago.

The farmer triumphantly gives the 100 euro note to a local prostitute who gave him her services on credit.

The prostitute goes quickly to the hotel, as she owed the hotel for her hourly room use to entertain clients, and lays the 100 euros on the counter.

At that moment, the rich Russian is coming down to reception and informs the hotel owner that the proposed room is unsatisfactory and takes his 100 euros back and departs.

There was no profit or income. But everyone no longer has any debt and the small town people look optimistically towards their future.

 

[Bman]

Sounds like they've never heard of interest....

 

[Wolverine]

That's an awesome story! You can get hookers in France for 100 Euros? Sign me up!

How much is blow?

 

[MA_PE]

I recall that The Three Stooges did that bit in one of their sketches.

They each owed the other one two dollars.

Shemp got a dollar and handed it to Moe "here's that dollar I owe you"

Moe gave it to Larry saying "here's that dollar I owe you"

Larry gave it to Shemp saying "here's that dollar I owe you"

Then Shemp gave it back to Moe "here's that other dollar I owe you"

two rounds and everyone was happy.