Written by Condon Associates on 28 February 2011

Welcome!!!

The big news for this week is that my eldest daughter has made me a Grandfather with the birth of Jake Tyson Young on 27 Feb 2011. So in light of the joyous nature of the news I include this little lesson on economics that I recently received.

A great lesson in making lemonade from a lemon!

…from the Irish!

Young Paddy bought a donkey from a farmer for £100.

The farmer agreed to deliver the donkey the next day…

The next day he drove up and said, ‘Sorry son, but I have some bad news. The Donkey has died.’

Paddy replied, ‘Well then just give me my money back.’

The farmer said, ‘Can’t do that. I’ve already spent it.’

Paddy said, ‘OK, then, just bring me the dead donkey.’

The farmer asked, ‘What are you going to do with him?’

Paddy said, ‘I’m going to raffle him off.’

The farmer said, ‘You can’t raffle a dead donkey!’

Paddy said, ‘Sure I can. Watch me. I just won’t tell anybody he’s dead.’

A month later, the farmer met up with Paddy and asked, ‘What happened with that dead donkey?’

Paddy said, ‘I raffled him off.

I sold 500 tickets at two pounds a piece and made a profit of £898′

The farmer said, ‘Didn’t anyone complain?’

Paddy said, ‘Just the guy who won.

So I gave him his two pounds back.’

Paddy now works for Anglo Irish Bank.
 

PLEASE NOTE: All information contained in the articles below was correct at time of publishing.