Economical and Financial Jokes
81More seriously you should read
- The Economics of Innocent Fraud by John Kenneth Galbraith
In this extended essay, John Kenneth Galbraith illuminates examples of "innocent fraud" or the gulf between perception and reality in the modern American economic system
A chemist, an engineer and an economist
A chemist, an engineer and an economist are stranded on a deserted island. They carry with them some canned food but have no ordinary means of opening the cans. The chemist suggests gathering some wood and starting a fire and then holding the cans over the heat, counting on the expanding contents to burst open the cans. The engineer thinks it would be better to try smashing the cans open with some of the rocks lying around. The economist begins, "Assume we had a can opener..."
More seriously you should read
- Nelson Aldrich: the Rockefeller's Middle Man who crafted the Income Tax and the Federal Reserve
Aldrich established an income tax, although he had declared a similar measure "communistic" a decade earlier
How Rockfeller did it
At 18 years old, Rockfeller had no money. He found an apple in the street. The fruit was dirty he cleaned it and resold it 50 cents to a man walking in the street ... with his 50 cents he bought 2 apples 25 cents each, and resold them 1$ to another man walking in the street ... with his 1 dollar he bought 4 apples, and resold them of course 2$ ... at 19 years he inherited from his grandmother...
More seriously you should read
- J.P. Morgan owner of the Titanic canceled his own passage
J.P. Morgan who had his very own private suite and promenade deck on the Titanic. He was supposed to join her for her maiden voyage
The Titanic
A Chinese man went into a bar in Hawaii to have some drinks. At the bar was Hollywood director, Steven Spielberg. After a round of beer the Chinese sensed that the famous director was glaring at him.Suddenly, in a flash the Chinese crashed down from his stool, felled by a vicious punch from the director. Picking himself up, he yelled, "What the hell was that for?" The director ranted, "That's for the bombing of Pearl Harbor; my dad perished in that bombing!" "I am not Japanese, you idiot! I am Chinese!" "Yeah, yeah,yeah...Japanese, Burmese, Chinese, you are all the same", retorted Spielberg. Regaining his composure, the Chinese took his seat and ordered a double from the bartender. A few seconds later, the Chinese turned around and delivered a mighty punch to the director, sending him flat to the floor. "What was that for?" exclaimed the director. "That's for sinking the Titanic! I had ancestors on that ship!" the Chinese replied. "You ignorant man! The Titanic was sunk by an iceberg!" shouted the director. "Yeah, yeah, yeah...Iceberg, Carlsberg, Spielberg, you are all the same!"
More seriously you should read
- G. Chesterton quotes
Capitalism and Communism are so very nearly the same thing in ethical essence, that it would not be strange if they did take leaders from the same ethnological elements
The student and the professor of economics
A student asked a professor of economics:
- What is the difference between socialism and capitalism ?
The professor answered
- Capitalism is the exploitation of humans by humans
The Student:
- And socialism ?
The professor:
- It's the inverse of course.
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Social Conscience says:
6 months ago
........and I'm off to find me a dirty apple!