{"id":460,"date":"2009-03-08T18:02:29","date_gmt":"2009-03-09T01:02:29","guid":{"rendered":"http:\/\/2helenahandbaskets.com\/?p=460"},"modified":"2009-03-08T18:02:29","modified_gmt":"2009-03-09T01:02:29","slug":"economics-101","status":"publish","type":"post","link":"http:\/\/2helenahandbaskets.com\/?p=460","title":{"rendered":"Economics 101"},"content":{"rendered":"<p>Shortly after class, an economics student approaches his economics professor and says, \u00e2\u20ac\u0153I don\u00e2\u20ac\u2122t understand this stimulus bill. Can you explain it to me?\u00e2\u20ac\u009d<\/p>\n<p>The professor replied, \u00e2\u20ac\u0153I don\u00e2\u20ac\u2122t have any time to explain it at my office, but if you come over to my house on Saturday and help me with my weekend project, I\u00e2\u20ac\u2122ll be glad to explain it to you.\u00e2\u20ac\u009d<\/p>\n<p>The student agreed and at the agreed-upon time, the student showed up at the professor\u00e2\u20ac\u2122s house.<\/p>\n<p>The professor stated that the weekend project involved his backyard pool.They both went out back to the pool, and the professor handed the student a bucket. Demonstrating with his own bucket, the professor said, \u00e2\u20ac\u0153First, go over to the deep end, and fill your bucket with as much water as you can.\u00e2\u20ac\u009d<\/p>\n<p>The student did as he was instructed.<\/p>\n<p>The professor then continued, \u00e2\u20ac\u0153Follow me over to the shallow end, and then dump all the water from your bucket into it.\u00e2\u20ac\u009d<\/p>\n<p>The student was naturally confused, but did as he was told.<\/p>\n<p>The professor then explained they were going to do this many more times, and began walking back to the deep end of the pool.<\/p>\n<p>The confused student asked, \u00e2\u20ac\u0153Excuse me, but why are we doing this?<\/p>\n<p>The professor matter-of-factly stated that he was trying to make the shallow end much deeper.<\/p>\n<p>The student didn\u00e2\u20ac\u2122t think the economics professor was serious, but figured that he would find out the real story soon enough.<\/p>\n<p>However, after the 6th trip between the shallow end and the deep end, the student began to become worried that his economics professor had gone mad.<\/p>\n<p>The student finally replied, \u00e2\u20ac\u0153All we\u00e2\u20ac\u2122re doing is wasting valuable time and effort on unproductive pursuits. Even worse, when this process is all over, everything will be at the same level it was before, so all you\u00e2\u20ac\u2122ll really have accomplished is the destruction of what could have been truly productive action!\u00e2\u20ac\u009d<\/p>\n<p>The professor put down his bucket and replied with a smile, \u00e2\u20ac\u0153Congratulations. You now understand the stimulus bill.\u00e2\u20ac\u009d<\/p>\n<p>H\/T to Ben who posted this on HillBuzz.<a href=\"http:\/\/hillbuzz.wordpress.com\/2009\/03\/08\/today-in-history-march-8th-year-one-day-48-in-the-golden-age-of-obama\/#comments\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shortly after class, an economics student approaches his economics professor and says, \u00e2\u20ac\u0153I don\u00e2\u20ac\u2122t understand this stimulus bill. Can you explain it to me?\u00e2\u20ac\u009d The professor replied, \u00e2\u20ac\u0153I don\u00e2\u20ac\u2122t have any time to explain it at my office, but if &hellip; <a href=\"http:\/\/2helenahandbaskets.com\/?p=460\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2Xq4i-7q","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/2helenahandbaskets.com\/index.php?rest_route=\/wp\/v2\/posts\/460"}],"collection":[{"href":"http:\/\/2helenahandbaskets.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/2helenahandbaskets.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/2helenahandbaskets.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/2helenahandbaskets.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=460"}],"version-history":[{"count":2,"href":"http:\/\/2helenahandbaskets.com\/index.php?rest_route=\/wp\/v2\/posts\/460\/revisions"}],"predecessor-version":[{"id":462,"href":"http:\/\/2helenahandbaskets.com\/index.php?rest_route=\/wp\/v2\/posts\/460\/revisions\/462"}],"wp:attachment":[{"href":"http:\/\/2helenahandbaskets.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/2helenahandbaskets.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=460"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/2helenahandbaskets.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}