Practical economics - part 1
So I have been reviewing my list of trading partners and was shocked to discover that Mr Patel, owner of our local convenience store, has been RIPPING us off for months 😡 We are running a 100% trade deficit with Mr P, due to his UNFAIR trade practices. I have therefore decided to impose a beautiful 50% TARIFF on all goods entering our home from the convenience store . . obviously this tariff will not be paid by us as that would make no sense at all 🙃
Mr Patel reacted DISGRACEFULLY by suspending our credit tab and refusing to serve our daughter her favourite marshmallows. This does not matter. We shall build a marshmallow factory. We shall make the best marshmallows in the world . . 😴
My wife then pointed out that I run a 100% trade surplus with my employer and wasn't this UNFAIR also? Of course not, because all the money is coming to me, which quite clearly is a GOOD THING. This is why the serious business of economics should not be left to WOKE simpletons 😔
Mr Patel reacted DISGRACEFULLY by suspending our credit tab and refusing to serve our daughter her favourite marshmallows. This does not matter. We shall build a marshmallow factory. We shall make the best marshmallows in the world . . 😴
My wife then pointed out that I run a 100% trade surplus with my employer and wasn't this UNFAIR also? Of course not, because all the money is coming to me, which quite clearly is a GOOD THING. This is why the serious business of economics should not be left to WOKE simpletons 😔