It’s official. One red paper clip plus the Internet equals a house in Saskatchewan.
That’s the economics lesson that Kyle MacDonald has taught the world. An aspiring writer from Montreal, the 26-year-old MacDonald decided on July 12, 2005 to see if he could use the leverage of the Internet to trade for a house, beginning with a red paper clip.
On July 12, 2006, exactly one year and 14 trades from his start, MacDonald took ownership of the house in Kipling, which, appropriately enough for an aspiring writer, is said to be named for Rudyard Kipling.
MacDonald said he and his girlfriend will live there for at least a year, while he writes a book about the value of a single, red paper clip.
OK, that’s cool.
There’s plenty of stuff here that I wouldn’t mind bartering. Hmm, I’ll have to think about this a bit.