Adam Smith Institute

There are benefits during a financial crisis. 

The IG Noble Awards from Improbable Research.

A friend of Junksmith forwarded him this email:

1. Teaching Maths In 1970:
A logger sells a truckload of lumber for £100. His cost of production is 4/5 of the price. What is his profit?
 
2. Teaching Maths In 1980:
A logger sells a truckload of lumber for £100. His cost of production is 4/5 of the price, or £80. What is his profit?
 
3. Teaching Maths In 1990:
A logger sells a truckload of lumber for £100. His cost of production is £80. Did he make a profit?
 
4. Teaching Maths In 2000:
A logger sells a truckload of lumber for £100. His cost of production is £80 and his profit is £20. Your assignment: Underline the number 20.
 
5. Teaching Maths In 2008:
A logger cuts down a beautiful forest because he is selfish and inconsiderate and cares nothing for the habitat of animals or the preservation of our woodlands. He does this so he can make a profit of £20. What do you think of this way of making a living? Topic for class participation after answering the question: How did the birds and squirrels feel as the logger cut down their homes? (There are no wrong answers.)

Q:  How do you irritate a group of anarchists?

A:  Say, 'Take me to your leader'.

Q:  How many police officers does it take to change a light bulb?

A:  I wouldn't crack jokes if i were you, sir. This is a very serious incident.

A young man bought an expensive piece of jewelry as a present for his girlfriend.

“Don’t you want her name engraved on it?” asked the clerk.

The young man thought for a moment, and then, ever the realistic, steadfastly replied, “No, just engrave it 'To My One and Only Love'. That way, if we break up and she throws it back to me in anger, I can use it again.”

When I wanted help for my gambling addiction, I went to Alcoholics Anonymous.

They said I needed Gamblers Anonymous.

I explained that I was so drunk I thought that's where I was.

For our anniversary, I decided to take my wife somewhere really expensive. So we went to the petol station.

I used to get panic attacks whenever I saw small coins, but the doctor said I was just afraid of change.

 Congress to Halt Closing of Unprofitable Starbucks

Democrats in Congress today plan to introduce a bill to halt the recently-announced closing of some 600 Starbucks coffee stores...

...well you wouldn't put it past them.

Hat Tip: Greg Mankiw