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by ctdonath
4256 days ago
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Burned cash no longer exists. (Which, by imputation, slightly raises the value of existing cash.) This Apple 1 continues to exist (as does the money paid for it), and may be sold again - likely for much more than it cost the current owner. It didn't devalue, being a unique historical artifact (ok, 1 of about a dozen functioning Apple 1s), instead it likely increased value precisely because he won't sell until someone is willing to pay more for it - and with the increasing influence of Apple, and increased prices paid for artifacts, there likely will. Your grasp of basic economics is...fractured. |
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