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Why Study Economics

Top reasons to study Economics:

  1. Economists are armed and dangerous: "Watch out for our invisible hands."
  2. Economists can supply it on demand.
  3. You can talk about money without every having to make any.
  4. Mick Jagger and Arnold Schwarzenegger both studied economics and look how they turned out.
  5. When you are in the unemployment line, at least you will know why you are there.
  6. If you rearrange the letters in "ECONOMICS", you get "COMIC NOSE".
  7. Although ethics teaches that virtue is its own reward, in economics we get taught that reward is its own virtue.
  8. When you get drunk, you can tell everyone that you are just researching the law of diminishing marginal utility.
  9. When you call 1-900-LUV-ECON and get Kandi Keynes, you will have something to talk about.

Business One-Liners

A President of a democracy is a man who is always ready, willing, and able to lay down your life for his country.

A backscratcher will always find new itches; a brown-noser will always find new sense.

A bad day fishing is better than a good day at work.

A bird in the bush usually has a friend in there with him.

A bird in the hand is always safer than one overhead.

A bird in the hand is dead.

A bird in the hand makes it hard to blow your nose.

A boss with no humor is like a job that is no fun.

A clean tie attracts the soup of the day.

A closed mouth gathers no foot.

A Loan At The Bank

An old Native American wanted a loan for $500. He approached his local banker. The banker pulled out the loan application, asking, "What are you going to do with the money?"

"Take jewelry to city and sell it," said the old man.

"What have you got for collateral?" queried the banker, going strictly by the book.

"Don't know of collateral."

"Well that's something of value that would cover the cost of the loan. Have you got any vehicles?"

"Yes, I have a 1949 Chevy pickup."

The banker shook his head, "How about livestock?"

"Yes, I have a horse."

"How old is it?"

"I don't know; it has no teeth."

Finally the banker decided to make the $500 loan.

Several weeks later the old man was back in the bank. He pulled out a roll of bills, "Here's the money to pay loan," he said, handing the entire amount including interest.

"What are you going to do with the rest of that money?"

"Put it in my pocket."

"Why don't you deposit it in my bank?" he asked.

"I don't know of deposit."

"Well, you put the money in our bank and we take care of it for you. When you want to use it you can withdraw it."

The old Indian leaned across the desk, looking suspiciously at the banker, and asked, "What you got for collateral?"

Five Boxes For A Dollar

A young woman stops into her local pharmacy to pick a supply of tampons for herself. She goes to the aisle where they are located and sees they are priced at five boxes for one dollar. Thinking this is a misprint; she finds a clerk and asks if this can possibly be the correct price. The clerk replies, "Yes it is the correct price. For one week only, you can purchase five boxes of tampons for one dollar, no strings attached."

Trusted Employee

A wealthy investor walked into a bank and said to the bank manager, "I would like to speak with Mr. Reginald Jones, who I understand is a tried and trusted employee of yours."

The banker said, "Yes he certainly was trusted. And he will be tried as soon as we catch him."

FBI Agent For Hire

3 men where at the FBI Building for a job interview.

The first man walked into the office. The interviewing FBI agent said "To be in the FBI you must be loyal, dedicated, and give us your all. Your wife is in the next room. I want you to go in there and shoot her with this gun." The man took the gun, hesitated, and said "Sorry, I can't do it."

The next interviewee came into the office. The Agent said "To be in the FBI you must be loyal, dedicated, and give us your all. Your wife is in the next room. I want you to go in there and shoot her with this gun." The man took the gun, walked into the room, then walked out. "Sorry," he said.

The last man came into the office. The inverviewer said "To be in the FBI you must be loyal, dedicated, and give us your all. Your wife is in the next room. I want you to go in there and shoot her with this gun." The man took the gun and went into the room. The Agent heard 6 shots, silence, then a lot of screaming. The man came out of the room and said "Someone loaded the gun with blanks, so I beat her to death with the curtain railing!"

Why They Want Your Number

Many folks have written with perfectly plausible explanations about why merchants take my phone number on a credit card charge. What these fail to address, however, is that if I'm perpetrating a fraud in the use of this credit card, I'm not about to give out a correct phone number. They make no effort to validate the phone number before I leave, so what they're doing is collecting the phone numbers of a bunch of honest people.

Now then... Why are they collecting the phone numbers of a bunch of honest people?

I once asked why you are asked for your phone number when using your charge cards. The clerk explained that theives have been caught because they stupidly put down THEIR home phone number, not the phone number of the person who "owned" the card.