August 31, 2007
Markets for queues

In general I think there aren't many bills lying on the sidewalks in DC (see Tullock's efficient rent seeking). Not even when you're standing in line for a congressional hearings. The guys at http://www.linestanding.com/ will hold your place, for a fee.

Posted by Edward J. Lopez at 01:57 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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