"Castro asked, 'Tell me friends, which of you
is an economist?' I thought he had said 'Which of you is a communist?' so I
immediately said 'I am.' At which he said, 'OK, you handle the economy.'" --
Che Guevara's story of how he became the head of the National Bank of Cuba
in 1959, as recounted by Andrei Gromyko

A young man asked an
old rich man how he made his money.

The old guy fingered his expensive wool vest and said, "Well, son, it was
1932. The depth of the Great Depression. I was down to my last nickel."
"I invested that nickel in an apple. I spent the entire day polishing the
apple and, at the end of the day, I sold the apple for ten cents."
"The next morning, I invested those ten cents in two apples. I spent the
entire day polishing them and sold them at 5:00 pm for 20 cents. I continued
this system for a month, by the end of which I'd accumulated a fortune of
$9.80."
"Then my wife's father died and left us two million dollars."

My favorite economist
joke ... no offense intended to my economist friends, but coming from a
government town, ... well you gotta laugh ....
|
|
Q Why did the
market economist cross the road? |
A To reach the
consensus forecast.
|
|
Q: What does an
economist use when calculating constant-dollar estimates? |
A: Deflator mouse
|