And then they would take a loss.

(Laughter)

How much will it cost you and your spacesuit to go to orbit?

A bit like inflation you over issue currency, you get what you see, declining prices.

And this is very relevant to what's going on in the world today.

But to make it more real, if the price of an automobile had fallen as rapidly as the price of computing power, you could buy a car today for five dollars.

And so, we're in a wonderful situation with electricity in the rich world.

So that dynamic that we've been talking about, capacity utilization falling off, because we essentially had a demand shock.

You know what happens at that point?

We've been talking about the law of demand and how if we hold all else equal, a change in price, price goes up, the quantity demanded goes down and the price goes down, the quantity demanded goes up.

And you can imagine the other way, if the Kindle's price went down, then that would shift my demand curve to the right.

And housing prices continue to fall even as the latest economic stimulus package fights its way through...

But think about, in the presentation of the balance sheet and leverage, what happens if housing prices go down by 1.5 ?

And frankly, if there was a bunch of lemonade stands, everyone is trying to sell their capacity.

It is traded.

I believe we should try more things that have a potential to be far less expensive.

The first stage in a technology's advance is that it'll fall below a critical price.

Or, God forbid, if housing prices actually go down.

Because the bank, if you can't pay this loan right here, they're going to take your house.

It's the best price that someone's willing to give you for something.

I could actually price on specific customer segments or on features I know they need.

They want to encourage high volume purchases, and so they have stepped pricing that is oriented to create volume.

I'm going to make money that I otherwise wouldn't have made.

Well, let's put a tax on oil that is a non revenue tax, and it basically says for the next 20 years, the price of oil will be whatever you want, 35 bucks, 40 bucks.

It will be 100 in two years. It will go below 100.

Ninety nine pence was the starting price and no reserve.

The market drop has cleaned me out.

And Sheikh Zayed did that in a fairly good way.

When you have a bunch of vacant houses, people lower rents.

And the cost of a transistor cycle, which is a measure of the price performance of electronics, comes down about every year.

I'll agree to the terms if you lower the price.

There was a rapid decline in stock prices.

No, what happened to us, Chris, is that power, it's priced off the margin.

The crude oil price is falling further.

Crude oil has been falling in price.

Now in the next year maybe there's, whatever, demand for avocados goes down or whatever and people pay less for it.

And, just you know, the stimulus plan, the whole idea about it is, the government doesn't want us to enter into a deflationary spiral.

You then hope that stock price goes down

The quantity demanded will go down, and you can imagine the other side of that.

So something very interesting is happening.

I'm talking about base money right over here then the overnight borrowing rate between banks will go down.

If you expect the future price to go up and the good or the product in question is something that you can store, well, depending on how much you expected to go up, you're probably more likely to buy now buy before the price goes up.

If you ever think about it, pricing that you negotiate yeah, we kind of have this price on paper, but that's just the starting point of the conversation.

Well, imagine we have other, say other ebooks' price goes up. WRlTING

And we saw that.