Forwarded from Cobson's Crunchy Cheese Factory (Nanner McDuck)
Two economists are walking in the countryside when they come across a pile of horse manure.
One economist says to the other:
“If you eat that pile of manure, I’ll pay you $10,000.”
The second economist thinks for a bit — it’s disgusting, but $10,000 is a lot — so he eats it.
The first economist pays up.
They continue walking. After a while, they come across another pile of manure.
The second economist says:
“Now it’s your turn. If you eat that one, I’ll give you $10,000.”
The first economist, not wanting to lose out, eats it. The second pays him $10,000.
They walk on in silence for a bit. Then one says:
“Wait a second. We both ate poop… and we both ended up with the same amount of money as before. What was the point?”
The other replies:
“Well, we increased GDP by $20,000.”
One economist says to the other:
“If you eat that pile of manure, I’ll pay you $10,000.”
The second economist thinks for a bit — it’s disgusting, but $10,000 is a lot — so he eats it.
The first economist pays up.
They continue walking. After a while, they come across another pile of manure.
The second economist says:
“Now it’s your turn. If you eat that one, I’ll give you $10,000.”
The first economist, not wanting to lose out, eats it. The second pays him $10,000.
They walk on in silence for a bit. Then one says:
“Wait a second. We both ate poop… and we both ended up with the same amount of money as before. What was the point?”
The other replies:
“Well, we increased GDP by $20,000.”
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Forwarded from TR: Judgement Day
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