What does this story illustrate?
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Here’s an interesting joke to share with everyone: It’s a lazy day in a hot little town. The sun was high in the sky; the streets were empty. Everyone was heavily in debt and relied on credit to get by. At that time, a wealthy traveler from out of town arrived. He went into a hotel, placed a 100-yuan bill on the counter, and said he wanted to take a look at the rooms first to choose one suitable for staying overnight. Just as this person went upstairs, the shop owner grabbed the 100-yuan bill and ran to the butcher next door to pay for the meat he owed. The butcher had 100 yuan, with which he crossed the road to pay off the pig farmer’s cost for the pigs. The pig farmer took 100 yuan and went to pay for the feed he owed. That guy who sells feed, upon receiving 100 yuan, hurried to pay off the money he owed for hiring a prostitute (with the economy in a downturn, the local service industry is also forced to offer credit services). With 100 yuan, the prostitute rushed to the hotel to pay the room fee she owed. The hotel owner hurriedly placed the 100 yuan on the counter, so as not to arouse the guest’s suspicion when they went downstairs. At that moment, the man came down the stairs, took the 100 yuan, claiming that none of the options satisfied him. He put the money in his pocket and left... That day, no one produced anything nor did anyone receive anything, but all the debts in the town were paid off, and everyone was happy. Insight: Money is in circulation
Insight: 2/Debt can be multi-faceted.
This is the true essence of promoting consumption: there is plenty of money, and everything becomes more active.
It really circulates well. Not bad.
That’s the theory, but reality is far more complicated than that.
Reality is far more complicated than that; are those who collect debts really that easy to deal with?
Is the term \"triangular debt\" that was mentioned a few years ago referring to this situation? I’m afraid it’s not that simple
This is the triangular debt problem; someone has to pay 100 first. How much does it cost across the whole country?
Jokes aside, what no one has probably noticed is that these 100 yuan represent the concept of money itself, and not the amount of money involved. In this exchange process, some people profit while others lose; for example, the hotel owner gets to eat meat, while the prostitute gets nothing – it’s an unequal exchange.