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Economics - How did this happen?

Posted on 7/12/20 at 9:13 pm
Posted by Ricky1962
Member since Oct 2012
163 posts
Posted on 7/12/20 at 9:13 pm
A man goes to a Hotel and asks for a suite. The hotel owner says he has a suite for $200 per night. The potential guest asks to look at the suite before deciding. The hotel owner agrees, but asks for a $200 deposit to hold the room. The potential guest agrees, gives the owner $200 and goes to view the room.

The hotel owner then goes to his meat supplier and gives him the $200 to pay off an old bill for steaks served in the hotel restaurant.

The meat supplier goes to his butcher, gives him the $200 to satisfy his past due bill for the meat he bought to sell to the hotel.

The butcher goes to his mistress to giver her the $200 he was supposed to pay her for her services she provided the prior evening.

The mistress then goes to the same hotel referred to before and pays the owner $200 for the use of the suite the prior night, where she provided her services.

Meanwhile, the prospective guest goes back to the hotel lobby and informs the hotel owner he changed his mind and asked for his $200 deposit back. The hotel owner gives it to him, using the money the woman just gave him.

The potential guest has his $200, the meat man has his $200, the butcher has his $200, the mistress has her $200 and the hotel owner has his $200.

How did this happen?
Posted by notiger1997
Metairie
Member since May 2009
58162 posts
Posted on 7/12/20 at 9:15 pm to
You like this so much you are posting on several boards huh?
Posted by Ricky1962
Member since Oct 2012
163 posts
Posted on 7/12/20 at 9:18 pm to
Just 2, you got an answer?
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 7/12/20 at 9:18 pm to
288
Posted by jamboybarry
Member since Feb 2011
32654 posts
Posted on 7/12/20 at 9:20 pm to
Tree fiddy
Posted by Tunasntigers92
The Boot
Member since Sep 2014
23658 posts
Posted on 7/12/20 at 9:21 pm to
Mary took three apples from John and Louis sent 7 to market
Posted by OleVaught14
Member since Jun 2019
6874 posts
Posted on 7/12/20 at 9:21 pm to
The hotel owner is still out $200. He started $200 in the hole and ended $200 in the hole. The money he was "paid" for the room the night before he just gave back to the potential new customer.
This post was edited on 7/12/20 at 9:23 pm
Posted by burdman
Louisiana
Member since Aug 2007
20686 posts
Posted on 7/12/20 at 9:21 pm to
quote:

How did this happen?


The hotel owner gave the guy his money back.

He also happened to collect 200 dollars from the whore.

They are not related.
Posted by philly444
stuck in contraflow
Member since Nov 2008
11360 posts
Posted on 7/12/20 at 9:21 pm to
21
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 7/12/20 at 9:22 pm to
quote:

you got an answer?
the horse was named ‘Friday’
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
5281 posts
Posted on 7/12/20 at 9:23 pm to
Nobody has their $200.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65751 posts
Posted on 7/12/20 at 9:24 pm to
The Hotel owner’s Mother was a Surgeon.
Posted by NotoriousFSU
Atlanta, GA
Member since Oct 2008
10232 posts
Posted on 7/12/20 at 9:24 pm to
Money printer go brrrr
Posted by sgallo3
Dorne
Member since Sep 2008
24747 posts
Posted on 7/12/20 at 9:24 pm to
quote:

The hotel owner is still out $200. He started $200 in the hole and ended $200 in the hole. The money he was "paid" for the room the night before he just gave back to the potential new customer.


That's what I was thinking.
Posted by DavidTheGnome
Monroe
Member since Apr 2015
29176 posts
Posted on 7/12/20 at 9:25 pm to
quote:

and the hotel owner has his $200.



No he doesn’t
Posted by Pintail
Member since Nov 2011
10460 posts
Posted on 7/12/20 at 9:27 pm to
quote:

The potential guest has his $200, the meat man has his $200, the butcher has his $200, the mistress has her $200 and the hotel owner has his $200.


The potential guest is the only one that has his $200. The rest have spent the $200.
Posted by Stiles
Member since Sep 2017
3404 posts
Posted on 7/12/20 at 9:28 pm to
Research ‘velocity of money’
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 7/12/20 at 9:31 pm to
quote:

Research ‘velocity of money’



This guy here, he Econ 2000/2001s
Posted by OleWar
Troy H. Middleton Library
Member since Mar 2008
5828 posts
Posted on 7/12/20 at 9:33 pm to
The hotel owner had a 0 balance before he got the money. Had the whore just paid him $200 he could have just then paid the meat supplier.

I heard something like this several years ago except it was in Greece and there was a German banker. I think the German banker paid the whore and she was the only one who came out ahead.

ETA: The German taxpayer was out $200 since they paid the bankers salary.
This post was edited on 7/12/20 at 9:36 pm
Posted by East Coast Band
Member since Nov 2010
62813 posts
Posted on 7/12/20 at 9:39 pm to
All I know with all that money changing hands, the IRS is going to be happy
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