Thursday 5 April 2007

Economics in Action

"I'm working on a $100,000 project," said my colleague. "It's going to save $150,000."

"Well I'm working on a $200,000 project," said my other colleague, "and it's going to save $350,000."

"Well," said I, "I'm working on a $500,000 project."

"How much is it going to save?" they chorused.

"Nothing. But it's very kind of you gentlemen to pay for it."

Apparently, the sort of project that doesn't save any money is also the easiest sort of project for which to get approval. That's economics in action.

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