Economics 101 and ... billionaires

I have a dog, you have a cat. I agree to sell you my dog for a billion dollars; you agree to sell me your cat for the same sum. A moment ago we were just two pet-owners; now we’re Icelandic banks with a combined asset-base of two billion dollars…

Dave in

In my view you can leave out the word Icelandic.

By the way, the explanation of the stimulus plan on the same site is worth reading too. Whether it is true is another matter.

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