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Weekly Telegram 18: Economic Theory

In this week's Weekly Telegram, Will Roberts gives us his less conventional economic theory.
Weekly Telegram 18: Economic Theory

Will Roberts

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Weekly Telegram

Show Dates

Show 1202: Weekly Telegram 18: Economic Theory

Air date: January 8, 2012

 

Transcript

ROB MCCLENDON:  WELL WHILE CONSUMER CONFIDENCE IS IMPROVING, PLENTY OF PEOPLE ARE STILL TRYING TO GET THEIR ARMS AROUND OUR NEW ECONOMY.  ONE OF WHOM IS OUR VERY OWN WILL ROBERTS.

WILL ROBERTS:  NOW, IF YOU HAVE AN ARMY COT, OR SAY A WATERBED OR EVEN A FUTON, WELL YOU MAY BE OUT OF LUCK WITH THIS PLAN OF MINE.  SEE I NORMALLY LIKE TO GIVE MY PLANS AWAY FOR FREE.  BEST FOUR LETTER WORD IN THE ENGLISH LANGUAGE YOU KNOW.  HOWEVER, WITH THE WAY THE ECONOMY IS IN OUR GOVERNMENT, I’M GOING TO HAVE TO CHARGE A FEW CENTS FOR THIS PLAN, WHICH IS A LOT MORE CENTS THAN THE GOVERNMENT HAS RIGHT NOW.   NOW WASHINGTON, I KNOW YOU THINK YOU KNOW BEST; BUT REMEMBER THE DAYS WHEN FATHER KNEW BEST?  WELL THOSE DAYS HAVE CHANGED TOO.  SEE, WE REALIZE THAT DAD WOULD NOT MAKE IT TO WORK ON TIME, REMEMBER TO EAT HIS LUNCH, OR EVEN MAKE IT TO WORK WITH THE PROPER DIRECTIONS IF IT WASN’T FOR MOM.  MY POINT IS, START THINKING ABOUT RUNNING THE COUNTRY THE WAY MOM WOULD RUN IT. NOT THE WAY YOUR DRUNKEN, DEADBEAT, MIDLIFE CRISIS DAD, LIKE CONGRESS, WOULD DO.

NOW   I HEAR FOLKS SAYING THAT THEY’RE GOING TO BE TAKING MONEY OUT OF THEIR STOCKS AND BONDS, AND EVEN THE BANKS.  BUT BEFORE YOU DO, I’M GOING TO GIVE YOU FOLKS THE ROBERTS PLAN.  IT’S CALLED, THE BANK OF A MATTRESS PLAN.

NOW IT’S A PLAN THAT WILL GET THE ATTENTION OF ALL POLITICIANS AND INTEREST HOUNDS.  WE, THE PEOPLE, TAKE ALL OF OUR MONEY OUT OF THE BANKS AND PUT IT INTO OUR MATTRESSES.  AT LEAST UNTIL WE FIGURE THIS OUT.

MOOO.

OH, BY THE WAY, I MIGHT HAVE A PLAN FOR THIS WHOLE DEBT THING.  AND HERE IT IS.  GO TO YOUR CLOSET AND GET THESE GAMES: LIFE, MONOPOLY, AND ANY OTHER GAME WITH PLAY MONEY IN IT.  AND WELL, START USING IT.  PUT IT IN YOUR MATTRESS.  STUFF IT AWAY.  I MEAN, SOMEDAY SOON IT MIGHT ACTUALLY BE WORTH MORE THAN THE AMERICAN DOLLAR.  I’M WILL ROBERTS, AND THIS IS YOUR WEEKLY TELEGRAM.