Economists are very learned blokes

Another Economic Riddle

by C.J.Dennis

I venerate economists
As very learned blokes,
But when in paradox they speak
Their meaning oft I vainly seek,
Suspecting subtle jokes.
They say the whole world’s down and out;
But here’s what I can’t see:
If every land, beyond all doubt,
In all the world is up the spout –
Then who’s the mortgagee?

C J Dennis

Do we owe money in the moon,
Or some celestial land?
Or have we creditors in Mars,
Or other fixed and unfixed stars,
Who hold our notes of hand?
If not, why all the fuss and fret?
I’ve conned it o’er and o’er,
And find no clear solution yet.
If all the earth is deep in debt,
Who is the creditor?

When men go into bankruptcy
The case is plain as day:
What is not in the dear wife’s name
Grim creditors will promptly claim,
And assets melt away.
But when a whole wide world’s in soak
And cannot raise the tin,
Here’s where I half suspect a joke:
When all the earth goes stoney broke,
Who puts the bailiffs in?

About Editor, cairnsnews

One of the few patriots left who understands the system and how it has been totally subverted under every citizen's nose. If we can help to turn it around we will, otherwise our children will have nothing. Our investigations show there is no 'government' of the people for the people of Australia. The removal of the Crown from Australian Parliaments, followed by the incorporation of Parliaments aided by the Australia Act 1987 has left us with corporate government with policies not laws, that apply only to members of political parties and the public service. There is no law, other than the Common Law. This fact will be borne out in the near future as numerous legal challenges in place now, come to a head soon.

Posted on July 29, 2020, in General. Bookmark the permalink. 2 Comments.

  1. I attach quote from an Economist Evan Jones in 1991 – I have used it in my investment Seminars – second attachment is my ad in Aust Fin Review Oct 2005

    I have also used Ross Gittins’ article of 1999, which I attach. I think he may have retired from the Sydney Marxist Herald.

  2. economists are no different to TV weathermen and the sideshow fortune teller. Super majority of the time they are wrong, once in a blue fit they get it right.

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