Mises Wire

How to know that the price is too low

How to know that the price is too low

Thousands show up for computer sale: People trampled, beaten with a folding chair. A woman urinating on herself. The police called, then themselves calling for backup. All to get a bargain.

The stampede erupted Tuesday when a crowd estimated at 5,500 showed up at the Richmond International Raceway to purchase 1,000 used Apple iBook laptop computers. The Henrico County school system was selling 1,000 of the 4-year-old computers to county residents for $50. New iBooks cost between $999 and $1,299....

Seventeen people suffered minor injuries, with four requiring hospital treatment, Henrico County Battalion Chief Steve Wood said. There were no arrests, and the iBooks sold out by 1 p.m."

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