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Pastimes : Austrian Economics, a lens on everyday reality
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To: pezz who wrote (3)12/1/2001 2:55:19 PM
From: Terry Maloney  Read Replies (2) of 445
 
suppose one would sell the diamonds at a rate faster than one a year as the compound interest on the proceeds might compensate for the lower price?

pezz, I suspect that's a wrinkle that Don might throw in next (and no, I won't be trying it either, I'm no economist - g), but in the present example he specified that "a price of $1M produces a demand for 1 diamond per year, a price of $500K produces a demand for 2 diamonds per year, and so forth", from which I infer that there's no point in selling more than one a year.
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