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Monadnock Guide
Council of Elders
USA
Bumppo's Patron since [at least]:
March 14 2005
Status: offline
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 Posted - May 29 2009 : 7:25:07 PM
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A Quick Lesson in Economics...
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An economics professor at a local college made a statement that he had never failed a single student,but had once failed an entire class.
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That class had insisted that socialism worked; that no one would be poor, and no one would be rich, a great equalizer.
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The professor then said, "OK, we will have an experiment in this class on socialism. All grades would be averaged, and everyone would receive the same grade; so no one would fail, and no one would receive an A.
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After the first test, the grades were averaged, and everyone got a B..
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The students who studied hard were upset, and the students who studied little were happy.
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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.
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The second test average was a D! No one was happy.
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When the 3rd test rolled around, the average was an F.
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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.
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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.
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you can keep "The Change" |
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SgtMunro
Soldier of the King
USA
Bumppo's Patron since [at least]:
September 23 2002
Status: offline
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Posted - June 01 2009 : 11:24:24 AM
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And now we get to see the same 'experiment' performed on our own economic system via 'Obamanomics'. The only thing that will do more damage to us in the long-run will be the foreign policy implemented through the equally disasterous 'Obama-bin-Biden Doctrine'...
...And may God have mercy on our souls.
YMH&OS,
The Sarge
P.S.- On the subject of our national economic state, 100-days post 'stimulus', I have a list of definitions to add some much needed levity:
When your neighbor looses their job it is a Recession
When you loose your own job it is a Depression
And a Recovery will be when Obama looses his job!
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Serjeant-Major Duncan Munro
Capt. Thos. Graham's Coy.
42nd Royal Highland Regiment of Foote
(The Black Sheep of the Black Watch)
"Nemo Me Impune Lacessit"
-Or-
"Recruit locally, fight globally." |
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Theresa
Bumppo's Tavern Proprietress
USA
Bumppo's Patron since [at least]:
May 17 2002
Status: offline
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Posted - June 02 2009 : 08:00:35 AM
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| I used this same story as an example to a student who thought Obama should spread the wealth...an A student and president of our SGA. She admitted she would not have been happy if she had to share part of her A with a fellow student who never studied and made bad grades. Simple analogy but drove the point home. |
Theresa |
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