> observing that my kid's doodles are scarce but not valuable is not a cute tweet; it is a complete and utter demolishing of the argument.
Scarcity is not quantity. Its the relationship between supply and demand. In your scenario, supply (1 kid doodling) meets demand (1 person wants them), so the value doesnt move from 0 (which is how much you would pay for the doodles).
Scarcity is not quantity. Its the relationship between supply and demand. In your scenario, supply (1 kid doodling) meets demand (1 person wants them), so the value doesnt move from 0 (which is how much you would pay for the doodles).