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Why can't the Labor Theory of Value explain the disparity in prices between Canadian Maple Leaves and PAMP Suisse gold bars?
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Reference: http://rudd-o.com/archives/the-labor-theory-of-value-is-a-lie
Also:
- Why do people not pay outrageous amounts of money for a handwritten bible today, versus a handwritten bible from 500 years ago? What "labor" took place in those 500 years where nobody touched the bible?
- Why do people pay millions for some baseball cards but pennies for others?
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