"They say that Christopher Columbus was perhaps the first economist.
When he left to discover America, he did not know where he was headed; when he got there he didn't know where he was.
And, it was all done on a government grant!" ☺️
The phrase 'short run' is necessarily overestimated compared to 'medium run', which is underestimated. This is because in the 'long run', we are all dead! 😊