You iterating and then reiterating the pie metaphor is rational doesn’t make it rational.
Kevin Wagner

The point i’m making about the pie metaphor is not that Graham’s view isn’t cogent, it’s that it’s one of a few logical ways to look at the pie metaphor.

Taking your McDonald’s worker metaphor, I’d tell it to a NY Cab driver. Because that’s exactly what’s happening. To clarify, I’m not necessarily saying that is always bad — all economies have winners and losers — but it could be argued that yes, exactly what you describe with the McDonald’s worker does happen.

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