Post
Topic
Board Economics
Re: I just created 100 pennies.. and loaned them out, you owe me 101 pennies…..
by
BitMos
on 20/02/2015, 22:25:37 UTC
I just created 100 pennies and I loaned them out to you + interest… How is it possible for you to pay me the 101 pennies you now legally owe me if only 100 pennies are in circulation?

This puzzle is intended to make a point, but it doesn't because the solution is so simple:

1. I return the 100 pennies to you.
2. I buy one penny from you. How there are only 100 penny? you can only loan them
3. I give you the one penny interest.

Here is another solution:

1. I loan the 100 pennies back to you + interest. why would the lender accept such a stupid idea? he didn't win anything, it ain't charity.
2. The loans are the same, so we agree to cancel them.


nice try. but there is no escape, it's evil.