July 31, 2008
A Coasian Solution? Inappropriate Use of Tax Dollars? Both?

We report, you decide:

Cafe Risque was a little more true to its name than residents of a small northeast Georgia town could take.

The town of Lavonia shelled out nearly $1 million Tuesday to buy and shut down the strip club along I-85. Then, the city quickly burned the interstate signs advertising the club, which was popular with truckers.

Cafe Risque was opened in 2001 .... The city went to court several times to close it but was never successful.

Story here.

Posted by E. Frank Stephenson at 10:04 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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