Hereโs Elonโs favorite joke about economics.
"There is a joke about two economists hiking in the woods. They come across a pile of shit, and one says to the other, โI will pay you $100 to eat that.โ The other economist eats it, gets the $100, and they keep walking.
Then they come across another pile. The second economist says, โNow I will pay you $100 to eat that pile.โ So he pays the first economist $100 to eat it.
Afterward, they say, โWait a second. We both ate a pile of shit, and we have no extra money. You just gave the $100 back to me, and we both ate shit. This does not make any sense.โ