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Student: Look, there’s hundred dollar bill on the ground! Economist: No there isn’t. If there were, someone would have picked it up already. To wit, it's dange
by fancy_pantser 10mo ago
Student: Look, there’s hundred dollar bill on the ground!
Economist: No there isn’t. If there were, someone would have picked it up already.
To wit, it's dangerous to assume the value of this idea based on the lack of public implementations.
- lukas099 10mo agoIf the hundred dollar bill was in an accessible place and the fact of its existence had been transmitted to interested parties worldwide, then yeah, the economist would probably be right.
- NavinF 10mo agoThat day the student was the 100th person to pick it up, realize it's fake, and drop it
- dotancohen 10mo agoIn my opinion, a refined analogy would be: Student: Look, a well known financial expert placed what could potentially be a hundred dollar bill on the ground, other well-known financial experts just leave it there!