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A relevant joke, paraphrased from the internet: Two economists are walking in a forest when they come across a pile of shit. The first economist says to the o
by yannyu 1y ago
A relevant joke, paraphrased from the internet:
Two economists are walking in a forest when they come across a pile of shit.
The first economist says to the other “I’ll pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit.
They continue walking until they come across a second pile of shit. The second economist turns to the first and says “I’ll pay you $100 to eat that pile of shit.” The first economist takes the $100 and eats a pile of shit.
Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can't help but feel like we both just ate shit for nothing."
"That's not true", responded the second economist. "We increased total revenue by $200!"
- paxys 1y agoThe punchline is supposed to be GDP, but yeah, same concept.