An experiment in the economics of language

What are words worth?

The market is forming.

14 of 25 verdicts are in. When the market speaks, it speaks here first.

Language of the words

You decide what it's worth.


The ExchangeLive


10 verdicts priced today. 14 since the ledger opened.

Every price below is real money paid by a real stranger. The exchange rate is shown to participants.

  • an insult, in Spanish$1.00 · 25 minutes ago
  • a compliment, in English$2.00 · 32 minutes ago
  • a compliment, in Hebrew$1.00 · 34 minutes ago
  • an insult, in Hebrew$1.00 · 45 minutes ago
  • an insult, in English$1.00 · an hour ago

The Throne


Someone paid a small fortune for a single sentence and holds the record. Participants can see the number — and try to take it before the ledger closes.

What are words worth?