My local supermarket moved the canned peaches (without sugar) out of the canned food aisle and put them in the “trendy” food aisle. Nobody could find them, and the people who wanted them didn’t want the canned peaches (with sugar), so they didn’t buy either.
The local supermarket then said, “People stopped buying the canned peaches (without sugar) because they can’t find them, but they’re not buying the canned peaches (with sugar) because they don’t want them. Since they want the canned peaches (without sugar) but they don’t want the canned peaches (with sugar), we will raise the price of the canned peaches (without sugar) and lower the price of the canned peaches (with sugar) to comply with supply and demand.”
And that’s economics. I have to pay more for canned peaches (without sugar) because the store moved them away from the canned peaches (with sugar).
A pair of sweaty old Birkenstocks once owned by Steve Jobs was sold at auction for some ridiculous sum a few years ago. His assistant of the time literally picked them out of the trash can after he threw them out.
lavender headgear 8 months ago
A thing is worth what someone else will pay for it.
wi3leong Premium Member 8 months ago
Collectibles without intrinsic value are in a world of their own. Now about NFTs and cryptocurrency…
Algolei I 8 months ago
My local supermarket moved the canned peaches (without sugar) out of the canned food aisle and put them in the “trendy” food aisle. Nobody could find them, and the people who wanted them didn’t want the canned peaches (with sugar), so they didn’t buy either.
The local supermarket then said, “People stopped buying the canned peaches (without sugar) because they can’t find them, but they’re not buying the canned peaches (with sugar) because they don’t want them. Since they want the canned peaches (without sugar) but they don’t want the canned peaches (with sugar), we will raise the price of the canned peaches (without sugar) and lower the price of the canned peaches (with sugar) to comply with supply and demand.”
And that’s economics. I have to pay more for canned peaches (without sugar) because the store moved them away from the canned peaches (with sugar).
Nuliajuk 8 months ago
A pair of sweaty old Birkenstocks once owned by Steve Jobs was sold at auction for some ridiculous sum a few years ago. His assistant of the time literally picked them out of the trash can after he threw them out.
prrdh 8 months ago
This is the sort of thing that has economists shrugging their shoulders and invoking ‘tastes and preferences’.
ChessPirate 8 months ago
But, don’t you realize? The buyer now has the DNA of Harrison Ford! ☺
From “The Big Bang Theory”:
Sheldon Cooper: [Opens Penny’s gift] Oh, a napkin…
Penny: Turn it over.
Sheldon Cooper: [Reading] “To Sheldon: Live long and prosper… Leonard Nimoy!”
Penny: He came into the restaurant. Sorry the napkin’s dirty – he wiped his mouth with it.
Sheldon Cooper: [Face twitching excitedly] I possess the DNA of Leonard Nimoy?
Penny: Yeah, yeah, I guess, but look, he signed it!
Sheldon Cooper: [Now shaking with excitement] Do you realize what this means? All I need is a healthy ovum and I could grow my own Leonard Nimoy!
Penny: Okay, all I’m giving you is the napkin, Sheldon.
mistercatworks 8 months ago
The writer’s sweat goes into the script.