• dumpster_dove [he/him]
      ·
      2 years ago

      I can't find that meme with two economists stranded on an island, where they decide to trade things they found on the beach back and forth to increase their GDP and finally use the money to procure a raft and escape the island, with a materialist screeching in the background

  • Vampire [any]
    ·
    2 years ago

    Guy on left puts 20 in, gets 30 out

    Guy on right puts 50 in, gets 40 out

    • TheLepidopterists [he/him]
      ·
      2 years ago

      Trying to understand the FTX thing makes my head hurt, but I think the 30 bucks is a loan based on owning 50% of the box.

      So they're basically defrauding the loan giver (who is your dumb libertarian crypto bro cousin or whoever).

  • Alaskaball [comrade/them]
    ·
    2 years ago

    The money in play between the two is first 20 & 20, then a 30 comes into play as the box with 40 in it is sold for the former price, this brings the total money in play to 70, divided between the two would bring in a "profit" of 15 on top of the initial 20.

    So not only the math for the profits is wrong, but it only works so as long as the person buying the box keeps contributing money and the person selling the box is willing to combine the total money exchanged and divide it equally between the two.

    You'd literally have an easier time saying "Hey dude, lets pool our wealth together to increase our collective buying power" instead of trying to make money off of malarkey

    • Vampire [any]
      ·
      2 years ago

      Malarkey is banned under the current president

    • ProfessorAdonisCnut [he/him]
      ·
      2 years ago

      A and B give up $20 each; B gives up $30; A receives $30; B receives $40.

      A has given up $20 and received $30, B has given up $50 and received $40.

      A has scammed B out of $10