Hotest new action figures! Kronies! Get ‘em now! You too can pretend to be a Krony Kapitalist!

From the promo:

Heads they win. Tails you lose.

Forget the rule book, they make the rules

Wannn’a compete. No! You’ll be rejected.

Get the Kronies! They’re Konnected!

 

 

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2 cows illustrate economic systems

An update of the old story:

Capitalism

You have two cows. You sell one and buy a bull.

You have lots of cows.

Socialism

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An old joke shows the value of religious freedom

There is an old joke poking fun at denominationalism. That’s the idea that my denomination is right and since you and I have some subtle doctrinal differences, you are completely wrong.

Here it goes…

A guy was walking along on a hill near the edge of a cliff enjoying scenery that can’t help but make you think of God.  He slipped over the edge. As he was holding on for dear life he screamed for help.

Another guy heard the screams and ran to assist. After huffing and puffing and pulling, the rescuer pulled the helpless fellow back to safety.

Thanks be to God for your help,” said the rescued.

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Prices have information – they drive buyers and sellers

I can’t explain all the economics lessons in the following joke, but can tell there are many.  Funny thing about prices is that they motivate buyers and sellers.  Prices contain a lot of information.  We need to interpret them well.  Here’s an insight on pricing and human behavior:

today’sFUNNY===========================

A woman walks into a butcher shop and asks the butcher how much a pound of tenderloin is.

“$12 per pound,” replies the butcher.

“Are you sure? That can’t be,” says the lady.

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