Monday, August 09, 2010

The Economy - A shorter version

(For a fuller explanation see my post on Economic Cows)

Rags make Paper
Paper makes Money
Money makes Banks
Banks make Loans
Loans make Beggars
Beggars make Rags

Saw this in a kitsch wannabe second hand boutique.   It somehow stuck.  While written in the 17th Century as a satire on the early monetary system  (where paper was an accurate record of things deposited), it stands even true as the world continues to react to the recession of 2008/09.

Take Care Y'All

John

1 comment:

  1. Gordon M. Juss9:31 am

    Loans make beggars... not really. That's a small minded view.

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