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It is currently Tue Jul 01, 2025 11:20 pm
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willett
MMT Sponsor
Joined: Wed Jan 14, 2009 10:22 am Posts: 1764 Location: Tyler, TX
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 Economics
Economics (or human nature) 101 This came to me via the network of my friends who swap silly jokes and anecdotes from around the web. I thought it was rather amusing and contained a truth:
An economics professor at a local college made a statement that he had never failed a single student before, but had once failed an entire class.
That class had insisted that Obama's socialism worked and that no one would be poor and no one would be rich, a great equalizer.
The professor then said, "OK, we will have an experiment in this class on Obama's plan". All grades would be averaged and everyone would receive the same grade, so no one would fail and no one would receive an A.
After the first test, the grades were averaged and everyone got a B.
The students who studied hard were upset and the students who studied little were happy.
As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.
The second test average was a D! No one was happy.
When the 3rd test rolled around, the average was an F.
The scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
All failed, to their great surprise, and the professor told them that socialism would also ultimately fail, because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed.
_________________ Pete Willett WC Custom Boats - Tyler, TX http://www.wccustomboats.com
WC Custom 2048 3/16 Bottom Center Console with 35 PD EFI GTR WC Custom 1840 Hybrid 3/16 Bottom with 37 EFI BOSS
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Mon Jul 20, 2009 11:28 am |
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hotdognjo
MMT Pro Member
Joined: Mon Jan 26, 2009 10:04 am Posts: 480 Location: Laplace, LA
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 Re: Economics
_________________ 1754 PD Center Console, 60 Yammy, w jack plate
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Mon Jul 20, 2009 12:39 pm |
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Pintail58
MMT Addict
Joined: Fri Feb 06, 2009 8:17 am Posts: 578 Location: Lafayette , La on da outside
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 Re: Economics
That's an excelent way to make them understand, but if they were brainwashed already then they probably still think he's God...
_________________ Shoot 1st ask later 14' leaker w/ 20hplt Shootin time Teal Season 2010 http://xrl.in/64aw #countdown
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Mon Jul 20, 2009 12:57 pm |
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