Twitenomics! The economy according to the people of the Internet.

The World of Facebook economists was remarkably sparse with only one story, that of China announcing the disappearance of 44,000 ancient ruins in its first heritage census in 20 years. This remarkable news provoked the thoughts of Laven Photography Products, who remarked “That really sucks,” well at least they’re straight to the point. Aloysius Kaswy Ho summarised the definition of economics, that of allocating scarce resources to infinite wants, by saying “You can’t have it both ways” before going on to say “wish we could have the cake and eat.”

Meanwhile, back on twitter the rich and the famous were imparting their words of wisdom. Ed Miliband used his 140 character limit to hit out at David Cameron claiming the “PM is wasting £3.45billion on NHS restructuring whilst cutting 48000 nursing jobs” and even creating a petition surrounding it. Meanwhilst Lord Sugar contemplated whether “Rupert Murdoch is eyeing up Twitter to buy or invest in it,” mentioning how Murdoch missed on an acquisition of Facebook and Myspace, other than that Lord Sugar was to busy arguing with Piers Morgan over the sale, and abandoning, of their books.

The Dragons were at it too. Duncan Bannatyne expressed his opinion that Diane Abbott should resign for having no common sense,” referring to Mrs Abbot’s after she used Twitter to express comments, which many took as racist. She remarked “White people love playing “divide and rule” we should not play their game”. Fellow Dragon Theo Paphitis was, however, still mourning the death of LaSenza but was hopeful as, in response to an article by Graham Hiscott in the daily Mirror, “Lasenza staff have been in touch re BouxAvenue” essentially saying that loads of LaSenza staff are transferring to Paphitis’ new venture in BouxAvenue.

Jimmy Carr’s regular twitter jokes this week included one on David Cameron putting “a cap on immigrants coming into the UK”. Carr remarked that they “should be aloud to wear what they like”.

After all of this what did self-proclaimed businesswoman Paris Hilton have to say on the economy? Well, although I often make fun of her, this week Ms Hilton revealed, on Twitter, that she had earned over $1.3billion dollars since 2005 claiming it to be down to her being involved in her products every step of the way. “It’s great to be an independent business woman!” she remarked. Well done Paris, although please stop spamming my timeline with updates on you new chiropractor!