Re: Anybody want a *$600* SecondSight VGA Card from Ebay?

[Mike Spurgeon <mike@spurgeon.net>]

Paul Schlyter wrote:
> In article <447B4059.6020601@spurgeon.net>,
> Mike Spurgeon  <mike@spurgeon.net> wrote:
>
> > Paul Schlyter wrote:
> > > In article <447AA4CB.3080400@spurgeon.net>,
> > > Mike Spurgeon  <mike@spurgeon.net> wrote:

> > An item is worth exactly what a willing seller and a willing buyer agree on.
>
> Well, that means that if I sold you a piece of brass, claiming it was
> solid gold, and you trusted me and were willing to pay gold price for it,
> then that piece of brass would be worth much more than other equivalent
> pieces of brass?
>
> Another example: if I sold my house for, say, $1,000,000 and if soon
> after that sale another person popped up who would have been willing
> to pay $2,000,000 for the same house - should I then say "No, it wasn't
> worth more than $1,000,000" ???  After all, $1,000,000 was the price I
> and the first buyer agreed on....


Your logic sucks.  As well as your economics 101.

Neither example has anything to do with what I said.

An item is worth exactly what a willing seller and a willing buyer agree on.

That's the worth to the seller AND the worth to the buyer.

Neither cares a whit about your brass and house.