Two economists are walking in the park. The first economist sees a pile of dog turds and says to the other, "I'll pay you $500 to eat those dog turds." So the second economist does, and gets paid $500.
Later on, the second economist sees a pile of dog poop and says to the first, "I'll pay you $500 to eat that pile of dog poop." The first complies, and gets paid $500.
As they continue their walk, the first economist says, "You know, I can't help but feel we both just ate dog shit for nothing."
"Nonsense," says the second economist with a dismissive wave of his hand, "We just contributed $1000 to the overall economy."
Two economists are walking in the park. The first economist sees a pile of dog turds and says to the other, "I'll pay you $500 to eat those dog turds." So the second economist does, and gets paid $500.
Later on, the second economist sees a pile of dog poop and says to the first, "I'll pay you $500 to eat that pile of dog poop." The first complies, and gets paid $500.
As they continue their walk, the first economist says, "You know, I can't help but feel we both just ate dog shit for nothing."
"Nonsense," says the second economist with a dismissive wave of his hand, "We just contributed $1000 to the overall economy."