Barter works

by on July 8, 2006 at 1:07 pm in Economics | Permalink

Yes the guy has succeeded in trading his paper clip to get a house.  That is, of course, a farmhouse in Saskatchewan.  Here is background on his quest.

Thanks to Andrew Noymer for the pointer.

3 comments submit to reddit

hamilton July 8, 2006 at 4:08 pm

It seems to me that the trader’s accomplishment wasn’t a function of what he traded (that is, it seems to me that all the trades along the way could’ve been purchased for less in cash). What Kyle really offered was the chance to be part of the story, and celebrity is a difficult commodity to purchase.

Does that seem right to anybody else?

Matthew Cromer July 8, 2006 at 9:33 pm

Shades of MillionDollarHomepage.com I would say.

hadtoask July 9, 2006 at 9:41 am

why?

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