Today, boys and girls, we are going to have a lesson in Economic Theory. Even if you haven’t studied Keynes, Hayek or Economic Theory for Idiotsand you are generally clueless about how the economy works, do not feel discouraged. These are the exact qualifications needed to write a book on Economic Theory and/or win a Nobel Prize in Economics.
Before you race out and buy your white tie and tails for the Nobel Prize ceremony, we ought to, perhaps, cover some of the basics of Economic Theory so you have some thoughts to string together for your acceptance speech. We will begin with budget estimates. Think of a number between 1 and 10. Don’t laugh; this is serious. Now multiply this number by one trillion and you have just calculated the USA National Debt, China’s monthly surplus or the number of hits on Britney Spears website. As you can see you will get a handle on this Economic Theory business in no time at all.
I’ve made a decision. The time is right. You may think I’m being a little impulsive, but I’ve made up my mind. I’m going to buy a bank. The reasons for buying a bank are obvious. Firstly, they’re very cheap at the moment. You can probably pick up a middle-sized bank on eBay with a lovely portrait of the Madonna and child burnt onto toast thrown in at no extra charge. And the thing is, my current bank has been so eager over the past few years to extend my credit limit; I think I could actually afford to buy a smallish bank on my VISA card.
The next reason for wanting to buy a bank is the prestige. Let’s face it, in all of those Occupations-You-Trust Surveys journalists usually rank somewhere between nightclub bouncers and Charles Manson. From now on, at dinner parties and the like, instead of admitting to being a journalist and therefore responsible for the decline of Western civilisation, general morality, community values, grammar, spelling and IQs everywhere, I can say ‘I own a bank’.