No sales took place. You can price something at whatever you want. If nobody is willing to pay that price, it does not have that value. If the price is less than you value it, you won't be willing to sell it.
Many people seem to believe in a notion of "intrinsic worth". There is no such thing. Trying to force such a thing using the law just results in a lot of deleterious distortions.
For example, when the government tries to fix the price of gold to a fiat currency, an inevitable monetary crisis follows.
Many people seem to believe in a notion of "intrinsic worth". There is no such thing. Trying to force such a thing using the law just results in a lot of deleterious distortions.
For example, when the government tries to fix the price of gold to a fiat currency, an inevitable monetary crisis follows.