Mises Wire
Author:
Xiong Yue
Online Publish Date:
A Chinese fable called “Three in the Morning and Four in the Evening,” relates this story: An old man in ancient China wanted to reduce his pet monkeys’ food as he can’t afford the previous amount any longer. He first told them that he would reduce the monkey’s ration to three acorns in the morning and four acorns in the evening. Thereupon, his