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> Misallocation is a massive problem.

A little girl and her grandfather, an economist, are walking down the street. Suddenly, the little girl tugs on her grandfather's tweed blazer and says, "Look, Grandpa! There's a $20 bill on the sidewalk! Somebody must have dropped it!"

"Nonsense!," said the grandfather. "If that were a real $20 bill, someone would have already picked it up!"



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