Thursday, September 22, 2011

Mervyn Nutkin learns QE

Early autumn:
Worker Nutkin: I'm hungry, I need more acorns.
Guru Nutkin: There's another oak tree shedding acorns over there, look.
WN: That's too far and, anyway, Safety Elf says there might be foxes about.
Parliament Nutkin: Vote for me and I'll make sure there are enough acorns here.
GN: (frowns) That would be a good trick, if you could do it.
PN: I CAN do it (stamps foot). Mervyn, tell them.
Mervyn Nutkin: First, Parliament makes everyone give TheTreasury Nutkin half of all their acorns. Because TheTreasury then has lots of acorns he can give one to anyone who is hungry.
WN: (cheerfully) So I don't have to collect any, I just go to TheTreasury?
MN: (doubtfully) Well, yes, but you must resume collecting when you're feeling better.
WN: Oh yes, I'll definitely do that (trying to remember what 'resume' means and uncrossing his paws in order to vote for PN).

...Later that same year:
WN: I'm hungry again, I want more acorns but Parliament's silly rules say I can't have any more. I shan't be voting for him again.
PN: (whispering menacingly to MN) Remind me, who appoints you?
MN: (thinking fast) If Worker gets hungry then Recession Fox might start sniffing around and we'll all be eaten, so Parliament must relax his rules.
GN: Didn't this happen before with disastrous.... (BBC Nutkin, frightened by PN's menace, starts making a lot of noise, drowning out the rest).
TN: (vaguely remembering a history lesson) If we give out more acorns now, will we have enough left for winter?
MN: If we don't give out more acorns now then Worker will be too hungry to collect any more. But if he's well fed now then he'll collect lots more and we'll all be happy for ever and ever
(MN knows he's too old to be doing with crossing and uncrossing paws. Meanwhile, WN coughs nervously wondering whether he should mention that keeping his Furrybook account up to date prevents him from collecting many nuts these days)
BBC Nutkin: (now sitting on GN) So, eating more nuts now is really investing in the future, easing this 'nut quantity dilemma'?
MN: Exactly! 'Quantitive Easing.' TheTreasury, can we give BBC that nut we held back from her, for being so clever?
TN: (handing over the extra nut) QE it is, then. What clever nutkins we all are!

The next spring...
Chinese Squirrel Wun: Nice little plot those UK squirrels had here.
Chinese Squirrel Tuw: That local fox is far too fat to catch us.



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