China fact of the day

In parts of China, black ants are sold by the bagful to be steeped in tea or soaked in liquor as a natural remedy for ailments such as arthritis.

Wang sold packages of ants to the investors for up to as much as 10,000 yuan ($1,290) when they were only worth 200 yuan, China Central Television reported.

Here is the story, the sentence is death.  The total con is estimated at $387 million, what would Gary Becker say, in any case that is a lot of imaginary ants.


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