Wow, so the author basically suggested to use the auction to sell the keyboard at $1668 instead of $500 because it’s not market clearing price? That’s borderline evil
If this was medicine, or tampons, or something people really needed, then yes. But extremely high-end mechanical keyboards? Not really evil. It's a Veblen good.
Agreed. Milking conspicuous consumers for as much as you can is good for the economy in general because it gets people with a lot of parked money to spend more.
Why shouldn't you sell something at a greater premium, if the demand is there? This is basic capitalist economics. It also means that a competitor can come in and offer an equivalent or superior product for less money and still make money.
