Reposted by Dan
"Ben owns a farm. He employs 100 workers. His payroll is $10 million/year. One day, he buys a mule, which provides the worker who uses it a modest 10% productivity gain. Benjamin fires 99 of his workers and purchases 99 mules, expecting a 1000% productivity gain."
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AI Economics for Dummies
“Xavier owns an apartment that he rents out at a loss of $1 billion/month. Seeing this success, he decides to make financial commitments to construct $850 bi...
