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The classic "Where's the $20 you owe me?" sketch: https://www.youtube.com/watch?v=s-ycvJC-qIQ

am i wrong to think that this sketch isn't at all applicable (besides the surface level joke of money being passed around) to the ai bubble or ""modern banking"" as mentioned in the youtube comments? i keep seeing it referenced like it is an explanation of some crazy conspiracy thing, so i don't know if i just don't get it.

No it's actually perfect.

GDP measures exchange of money with the assumption that this is a proxy for actual economic output... except cases like this where monetary exchanges like this which accomplish nothing.

i assume the joke is that the three stooges are too stupid to realize that because they all owe each other $20 there is no debt, and they show this by accident by passing a $10 dollar bill around until it ends up back with larry. it says nothing about GDP.

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