Steven Pinker

He made the joke one night, you know, we have shortages of everything these days.

There's a shortage of gasoline, there's a shortage of meat, there's a shortage of coffee.

But did you hear the latest?

I read it in the papers.

There's a shortage of toilet paper.

Now it turns out there wasn't a shortage of toilet paper.

It was just a joke.

But as soon as he made the joke, there was a shortage of toilet paper.

toilet paper as everyone started to hoard toilet paper.

So fulfilling.

And according to at least one theory, ever since then, whenever there is a hurricane or a blizzard, people think that toilet paper is the thing you've got to stock up on because everyone else is going to start hoarding it.

By the way, in a hurricane, when your home floods, that toilet paper is not going to be worth anything.

Yeah, wet toilet paper.

Wet toilet paper really isn't so much fun, I'm saying.

Well, in the other direction, you can also get speculative bubbles.

You buy crypto because you think other people are buying crypto, or at least will want to buy crypto tomorrow, so they'll pay more for it tomorrow than you paid today.

They're buying it tomorrow because they think they'll sell it to someone who wants to buy it the day after tomorrow.

The hot potato.

Yes, or the greater fool.

The greater fool.