WarrenJ Posted July 20, 2008 Report Share Posted July 20, 2008 Young Chuck, moved to Montana and bought a horse from a farmer for $100.00. The farmer agreed to deliver the horse the next day. The next day he drove up and said, 'Sorry son, but I have some bad news, the horse died.' Chuck replied, 'Well, then just give me my money back.' The farmer said, 'Can't do that. I went and spent it already.' Chuck said, 'Ok, then, just bring me the dead horse.' The farmer asked, 'What ya gonna do with him? Chuck said, 'I'm going to raffle him off.' The farmer said, 'You can't raffle off a dead horse!' Chuck said, 'Sure I can Watch me. I just won't tell anybody he's dead.' A month later, the farmer met up with Chuck and asked, 'What happened with that dead horse?' Chuck said, 'I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $898.00.' The farmer said, 'Didn't anyone complain?' Chuck said, 'Just the guy who won. So I gave him his two dollars back.' Chuck grew up and works for the government. There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
jackc Posted July 22, 2008 Report Share Posted July 22, 2008 Chuck grew up and works for the government. Nah - Last I heard Chuck had gone into mortgage lending. I can't give you the exact CFR cite, but I am quite sure that those of us in government are expressly prohibited from raffling-off dead horses. Besides, the proceeds would just be program income that we'd have to take as a reduction against our spending of the federal funds..... Link to comment Share on other sites More sharing options...
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