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01-07-09, 09:00 PM
Once upon a time a man appeared in a village and
announced to the villagers that he would buy monkeys
for $10 each.
The villagers, seeing that there were many monkeys
around, went out to the forest and started catching them.
The man bought thousands at $10 and, as supply
started to diminish, the villagers stopped their effort.
He next announced that he would now buy monkeys
at $20 each. This renewed the efforts of the villagers
and they started catching monkeys again.
Soon the supply diminished even further and people
started going back to their farms. The offer increased
to $25 each and the supply of monkeys became so
scarce it was an effort to even find a monkey, let alone
catch it!
The man now announced that he would buy monkeys
at $50 each! However, since he had to go to the city
on some business, his assistant would buy on his behalf.
In the absence of the man, the assistant told the villagers:
‘Look at all these monkeys in the big cage that the man
has already collected. I will sell them to you at $35 and
when the man returns from the city, you can sell them
to him for $50 each.’
The villagers rounded up all their savings and bought
all the monkeys for 700 billion dollars.
They never saw the man or his assistant again, only
lots and lots of monkeys.
announced to the villagers that he would buy monkeys
for $10 each.
The villagers, seeing that there were many monkeys
around, went out to the forest and started catching them.
The man bought thousands at $10 and, as supply
started to diminish, the villagers stopped their effort.
He next announced that he would now buy monkeys
at $20 each. This renewed the efforts of the villagers
and they started catching monkeys again.
Soon the supply diminished even further and people
started going back to their farms. The offer increased
to $25 each and the supply of monkeys became so
scarce it was an effort to even find a monkey, let alone
catch it!
The man now announced that he would buy monkeys
at $50 each! However, since he had to go to the city
on some business, his assistant would buy on his behalf.
In the absence of the man, the assistant told the villagers:
‘Look at all these monkeys in the big cage that the man
has already collected. I will sell them to you at $35 and
when the man returns from the city, you can sell them
to him for $50 each.’
The villagers rounded up all their savings and bought
all the monkeys for 700 billion dollars.
They never saw the man or his assistant again, only
lots and lots of monkeys.