Episode 247: Pachyderms, Property, and Profit
Words & Numbers
00:00
Poaching Elephants
In the United States, you cannot go buy something that's made of ivory. You can't order a new Steinway piano and expect to get ivory. That doesn't mean that people still don't want it. What you have done is dramatically reduced the supply of it. And so with the same demand that you had before, the price is now going to skyrocket.
Transcript
Play full episode
