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>> Borrowing money and the ability to pay it back depends on an economic system with future growth, or looked at another way infinite growth. "A traveler walks
by rufus_foreman 4y ago
>> Borrowing money and the ability to pay it back depends on an economic system with future growth, or looked at another way infinite growth.
"A traveler walks into a small hotel in a small town, places a $100 bill on the counter, and asks the innkeeper to view a room that he might stay in for the night. The traveler goes upstairs to look at the room.
The innkeeper picks up the money and immediately goes to the town carpenter to pay his debt for repairs to the hotel.
The carpenter takes the money to the local grocer to pay his bill for food and supplies. The grocer, in turn, goes to pay off his debt to a traveling salesman from whom he bought goods for his store. The salesman goes to the innkeeper and pays his bill for the room he has been staying in while visiting the town. The innkeeper places the $100 bill back on the counter.
The traveler comes back from viewing the room, picks up his money, tells the innkeeper he will look for another hotel, and walks out the front door."
-- https://businessmirror.com.ph/2015/06/03/the-innkeeper-and-the-money/ https://businessmirror.com.ph/2015/06/03/the-innkeeper-and-t...
- jerry1979 4y agoThis story depends on the traveler not returning to the front desk a moment too soon. If the traveler takes less time upstairs inspecting the room and instead quickly comes down to reclaim his $100, he will find his money gone and, making a scene of it, possibly cause the other patrons to make a "run on the inn" so to speak.