"SPOOFS" LAW

Rotorua Morning Post, Volume 2, Issue 429, 13 January 1933, Page 7

"SPOOFS" LAW

A TELLING SATIRE ON FAYOURABLE TRADE BALANCES. ASYLUM REASONING. ( Published by Arrangement with the Auckland Exectuive N.Z. Farmers' Union.) The wisdom of "exporting more" consuming less" is shown quite conclusively in "Spoof's Law." This was first enunciated at Gladesville Lunatic Asylum and has since spread throughout all the orthodox schools of economic thought. Example 1. Articles. Manufactured for Home Consumption 100 Exports 25 Imports 50 Balance of Articles for Home Consumption 125 The results are plain to those who understand the present Economic Laws. "Ruination" owing to adverse balance of trade. Example 2. Manufactured for Home Gonsumption 100 Exports 100 Imports * . Nil Balance for Articles for Home sumption Nil Results: Happiness ,contentment, and tightened belts throughout the land, for the balance of trade is ALL in our favour, and the time usually given to consumption can now be used in producing moi;e. In example 1 it is seen that we have sold 25 articles and obtained in return 50 articles. This is absolutely bad business, according to the orthodox economists, for we now have a glut in the home market, and plenty is surely the cause of poverty! (See the world, to-day, for confirmation of this statement) . Example 2, thanks to the genius of Professor Spoof, gives us the opportunity of saerifice that we all so earnestly desire, and brings home to us all the utter truth of the saying, that "It is more blessed to give than to receive," for whatever our final destination, starvation will bring us nearer very quickly, and.comparatively painlessly, and it were well that humanity should keep in mind that it is only the end that matters. — E.W.