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The debt related logical fallacy   Message List  
Reply | Forward Message #8831 of 8911 |
This fable seems to be the craze
http://scienceblogs.com/evolutionblog/2009/06/an_amusing_brainteaser.php
Of course, the trick is that it is assumed that
from the start everybody has zero net debt (equal
amount owed and amount lended.
So obviously a compensation that would cancel all
debts can take place even without the tourist and
its magical 100 $ bill.
The hotel owner could have used one of its room
as a discreet clearing house ;-)
But that outrageous fable seems to persist, and even
bring macroecpnomic interpretations by self appointed
pundits.
Peter




Sat Jul 4, 2009 12:56 pm

pgreenfinch
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Message #8831 of 8911 |
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This fable seems to be the craze http://scienceblogs.com/evolutionblog/2009/06/an_amusing_brainteaser.php Of course, the trick is that it is assumed that from...
pgreenfinch
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Jul 4, 2009
12:56 pm

Actually, each party had an account payable equal to an account receivable, so they were not only not "in debt," at least with respect to those particular...
Bob Bronson
bobbronson2001
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Jul 4, 2009
8:23 pm

Peter, good catch. but doesn't the total (principal) amount owed always equal the total amount lent on a global basis, sans accounting irregularities and...
fabbro j
fabbroj
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Jul 4, 2009
8:29 pm

Yes, Fabbro, the total amount lent is equal to the total amount owed. But there are people with a positive balance (lending more than owing) and others with a...
pgreenfinch
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Jul 4, 2009
9:25 pm
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