George Szpiro

That's something from economics.

Let's say you have an electricity bill every month, let's say $100.

And the electric company now decides to lower the price by 30%.

So you'd assume that at the end of the month, your electricity bill will only be $70.

What happens usually is that the electricity bill is higher.

It's $120, let's say.

So that's a paradox.

The price per kilowatt hour

was reduced by 30% and your bill went up?

Yes, because what happens when electricity prices go down, you leave the light on during the night, you don't turn off the air conditioner, you buy more electric appliances.

So you use much, much more electricity and you end up paying more than you used to because the price went down.