The Great Simplification with Nate Hagens - Ducks and Blueberries: A Reflection on Price, Cost and Value

Episode Date: August 15, 2025

In this week's Frankly, Nate shares an excerpt from his daily life that mirrors a larger observation on the human predicament. A grocery shopping trip turns into a reflection on value vs cost, and how... consumption in our society is driven by the perception of value that's presented to us.  What is the difference in value that our minds create between a $5 container of blueberries, and a $1 container? What is the difference between price, cost and value? What things in our lives do we treat as disposable when they are cheap, but treat as treasure when they are pricey? What would it look like if the things we consume were priced to account for both the value and the cost of that item? How do we approach our lives with a more critical and systems-lens eye?  Among the in-video questions for viewers: Have you had a "blueberry moment" in the buying and reflecting of things? (Recorded August 13, 2025)   Show Notes and More Watch this video episode on YouTube   Want to learn the broad overview of The Great Simplification in 30 minutes? Watch our Animated Movie.   ---   Support The Institute for the Study of Energy and Our Future   Join our Substack newsletter   Join our Discord channel and connect with other listeners

Transcript
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Starting point is 00:00:00 Whack? Why did I just greet you in duck? Stay tuned to the end of this to find out. But yesterday at the grocery store, I had a little story happen to me. And of course, a lot of stories these days always have a wider boundary implication and relevance to the human predicament. It is a story about price and cost and value. and blueberries and ducks. So I went to the store and, of course, I always end up going for three things and buying 12. I don't know how many of you are like that.
Starting point is 00:00:51 And I saw in the fruit area that blueberries were $1 for a pint, but limit one per customer. I'm like, that's like really cheap. I can buy them for a cheap snack for my ducks who love. berries. So I put them in the cart. I was in the checkout line. And they're like, well, do you have the app? I'm like, no, I don't have the app. Then they're $5. And I'm like, well, I don't really need the blueberries, but there were people behind me and I didn't want to cause a fuss. So I bought the blueberries for $5 a pint. But here's the twist.
Starting point is 00:01:35 At $1, I was happy to give them to my ducks. But at $5, they suddenly fell too good and too expensive for the ducks. So I plan to eat them myself. Same blueberries, same Nate. But the price changed the story in my head about what the blueberries were for. And it got me thinking, how many things in our culture do we buy just because they're cheap, even if we don't really need or want them? How many things would we use differently or not use at all if the price went up 500% overnight?
Starting point is 00:02:18 How much of our consumption is about the thing and how much of our consumption is about the story that the price of the thing tells us. And I think we could apply these questions to us as individual viewers of this program, but also to society writ large. Because at a dollar, those blueberries were extra. I could be generous, even frivolous. My ducks have duck food. I don't need to give them blueberries.
Starting point is 00:02:54 I also buy them watermelon once in a while. And I have bought them minnows before and I stopped doing it because it's too cruel. But they're like piranhas. They go in their little swimming pool and get those minnows. It's crazy entertaining to watch. But I digress. At $5, the blueberries became a luxury worth only eating for myself, even though I didn't originally want them.
Starting point is 00:03:18 Nothing about the blueberries changed only my perception of their value. And of course, on the great sense. simplification, I'm not really talking about fruit here. When fossil fuels are as incredibly cheap for what they do, we burn them like feeding blueberries to ducks for snacks. And when they're expensive, we suddenly can discover all kinds of efficiencies and behavior changes. When water is abundant, we spray it on lawns.
Starting point is 00:03:52 But when it's scarce, we would treat every drop as its precious. because it is. The price tag changes our behavior, but the real cost, the ecological and replacement cost, doesn't show up on the stickers on the things in the grocery store. So there's a difference between price and cost and value. A gallon of gasoline is $3, but its cost in damage to the environment is much higher than that in a wide boundary sense and its benefit to the creature comforts of supporting us in the modern civilization is way higher than $3,000,000 times higher. So anyways, this is just a brief reflection.
Starting point is 00:04:44 Here's some open questions for viewers. Have you had a blueberry moment in the buying and reflecting of things? Are there things that you treat as disposable when they're cheap, but guard like treasure when they're expensive? What's the blueberries for ducks equivalent of housing, travel, energy use, shopping trips, technology? And lastly, what would our world look like if the prices actually reflected the true value and the true cost of the things we use?
Starting point is 00:05:18 Maybe try it in the coming days on things you purchase this weekend. consider the difference between their price, their cost, and their value. And I'll close with two little footnotes to this story. I ended up not eating the blueberries because I didn't put the lid on after I had a couple of them and they fell out of the fridge onto the floor and I had to sweep them up in one of those dust pans and I gave them the ducks anyways. And I had to drive back to the store to get another pint of blueberries. to shoot this closing video of me feeding my blueberries to the ducks.
Starting point is 00:05:58 I hope you're all well. I wish I could do like funny videos like this once in a while, not that it was really funny, ha ha. But this work is so serious that it seems inappropriate to be smiling and laughing about silly things, but it's the silly things and little stories like this and my ducks that keep me going. and I hope you all have something like that in your life too.
Starting point is 00:06:26 Talk to you next week. What are you guys doing? Where are you going?

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