Economy
Why smuggled phones cost thousands in prison
HERE’S THE INTERESTING PART
Artificial scarcity drives prices to the moon. A dirty, three-year-old burner phone that costs twenty bucks on the outside can command thousands of dollars in a restricted environment. It is less about the hardware and entirely about the illicit access it provides, acting as a massive store of value that depreciates instantly the moment a guard walks into the room.
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