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Diamonds aren’t a good example since their price is build on artificial scarcity and marketing. Dare I call this a straw man?
by mrfusion 8y ago
Diamonds aren’t a good example since their price is build on artificial scarcity and marketing. Dare I call this a straw man?
- ben_w 8y agoI think it’s an excellent example and the artificial scarcity is irrelevant to the point being made: total market value of all $substance is not constant when quantity of $substance changes.