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Economists

What makes economists tick?

Do terms like inverted yield curve and macroeconomic integration mean anything in your neck of the woods?

Do these terms make you money? Do theses terms make economists money? Do these terms make anyone money?

Quick Quiz Question: How much less does a university economics professor earn than when s/he was driving a cab?

Here's a good one:

Albert Einstein dies and goes to heaven. Since heaven, for obvious reasons, is a centrally planned economy, St. Peter sheepishly informs him that they have a temporary housing shortage. He'll have to bunk with three other guys for a while.

Of course his new roomies are thrilled. The first one comes up to him and says: "Mr. Einstein, it's an honor to meet you. But I'd like to get to know you better. I have an IQ of 130".

So Einstein says: "Great. After lunch, let's bounce around some ideas on astrophysics I've been working on."

Then the second one comes up to him, and says: "Mr. Einstein, it's an honor. I'd also like to get to know you. I have an IQ of 100." So Einstein says: "Fine. Let me put my grip away, and we'll have a game of chess."

Then the third one walks up, and says: "Hi, Mr. Einstein. I'd also like to get to know you. I'm an economist but I'm afraid I'm not as smart as those other guys; I've only got an IQ of 70."

Einstein says: "So where do you think interest rates are going?"

For some more good jokes about economists click here ... and here.

To see economists in action (... or are they financial planners?), click here. Be sure to move your mouse around inside the box.

Enjoy!