California:
The Governor of California is jogging with his dog along a nature trail. A coyote jumps out and attacks the Governor's dog, then bites theGovernor.
1. The Governor starts to intervene, but reflects upon the movie "Bambi" and then realizes he should stop because the coyote is only doing what is natural.
2. He calls animal control . Animal Control captures the coyote and bills the State $200 testing it for diseases and $500 for relocating it.
3. He calls a veterinarian. The vet collects the dead dog and
bills the State $200 testing it for diseases.
4. The Governor goes to hospital and spends $3,500 getting checked for diseases from the coyote and on getting his bite wound bandaged.
5. The running trail gets shut down for 6 months while Fish & Game conducts a $100,000 survey to make sure the area is now free ofdangerous animals.
6. The Governor spends $50,000 in state funds implementing a "coyote awareness program" for residents of the area.
7. The State Legislature spends $2 million to study how to better treat rabies and how to permanently eradicate the disease throughout theworld.
8. The Governor's security agent is fired for not stopping the
attack. The State spends $150,000 to hire and train a new agent with additional special training regarding the nature of coyotes.
9. PETA protests the coyote's relocation and files a $5 million suit against the State.
Tennessee:
The Governor of Tennessee is jogging with his dog along a nature trail. A Coyote jumps out and attacks his dog.
1. The Governor shoots the coyote with his concealed-carry pistol and keeps jogging. The Governor has spent $0.50 on a .45 ACP hollow point cartridge.
2. The Buzzards eat the dead coyote.
And that, my friends, is why California is broke and Tennessee is not.
Scarcity, Opportunity Cost and Competition impact our decision-making moment to moment. This makes economics the basis of life as we know it, after God. Nothing that people value is free, someone pays the cost. To gain that thing of value, scarce resources are given up and cannot be given up again for a different thing of value. And we all are competing to capture those scarce resources.
Thursday, March 15, 2012
Saturday, March 10, 2012
Our Glorious Leader sets another Great Record in History!
It was announced that our Glorious Leader has set another Great Record in History during His beneficent Reign.
Longest period of unemployment, real GDP hasn't been above pop growth, lost 10,000,000 jobs but have only added 2,000,000 back...nice.
http://news.investors.com/article/603791/201203090838/jobs-recession-is-longest-since-depression.htm?fb_ref=top&fb_source=home_multiline
Longest period of unemployment, real GDP hasn't been above pop growth, lost 10,000,000 jobs but have only added 2,000,000 back...nice.
http://news.investors.com/article/603791/201203090838/jobs-recession-is-longest-since-depression.htm?fb_ref=top&fb_source=home_multiline
Subscribe to:
Posts (Atom)