Alan and Beth, two economists are walking through some woods. They come across s pile of shit and Alan says to Beth “if you eat that shot I’ll give you a tenner”
“Okay,” says Beth. She eats the shit and Alan hands her a £10 note
They walk on for a bit and find another pile of shit. Beth says to Alan “now I’ll give you a tenner of you eat that pile of shit”
“Okay,” says Alan. He eats the shit and Beth hands the £10 note back to him
They walk on a bit further and Beth says “you know, it seems to me like we both just ate a pile of shit and nobody gained anything”
“Ah, that’s where you’re wrong,” says Alan “we’ve increased the GDP by £20”
Come on now, Nvidia is making money. Nvidia then just gives it back to them to make more money is all.
Yeah, Nvidia invests in Open AI, Open AI uses that money to buy Nvidia chips. More people invest in Nvidia because it’s revenue keeps growing.
Charles Ponzi would be proud.
Alan and Beth, two economists are walking through some woods. They come across s pile of shit and Alan says to Beth “if you eat that shot I’ll give you a tenner”
“Okay,” says Beth. She eats the shit and Alan hands her a £10 note
They walk on for a bit and find another pile of shit. Beth says to Alan “now I’ll give you a tenner of you eat that pile of shit”
“Okay,” says Alan. He eats the shit and Beth hands the £10 note back to him
They walk on a bit further and Beth says “you know, it seems to me like we both just ate a pile of shit and nobody gained anything”
“Ah, that’s where you’re wrong,” says Alan “we’ve increased the GDP by £20”
Wasn’t his full name Charles Ponzi-Scheme?