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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: JHP who wrote (3146)4/23/2001 11:45:16 AM
From: MeDroogies  Read Replies (1) of 74559
 
Actually, my favorite economist joke is:
An engineer, a mechanic and an economist are stranded on a deserted island.
Starving, they are heartened as a box of canned foods washes ashore. They begin discussing the best means by which to open the cans, but neither the engineer nor the mechanic can figure out a way to do it. They both look at the economist, who instantly replies "First, assume we have a can opener."

Another good one is the economist from the school of rational expectations and his son, who are strolling down the street. The boy says, "look, dad, a ten dollar bill is lying on the sidewalk!". The economist replies, "no, you are seeing things." The boy: "No, it's there, don't you see it?" Economist: "it is impossible. Rationally speaking, somebody would have picked it up by now, so it can't be there."
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