In 1929, the United States was in the Great Depression. An air-conditioning worker was unemployed at home. The weather was very hot in summer.

So his son asked him: Dad, the weather is so hot, why don’t you buy an air conditioner?

The worker said: Dad is unemployed and has no money to buy an air conditioner.

The son asked again: Why did you lose your job?

The worker said: Because there are too many air conditioners and they can’t be sold.

The son asked again: Why can’t they be sold?

Dad: Because everyone has no money.

This is a classic economic story, the rules of the economic game.

Is it the Great Depression today in 2024?

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