CARPE DIEM: Markets in Everything: Inaugural Parade Edition

Monday, January 19, 2009

Who says capitalism is failing in America?

Inaugural parade tickets on Ebay, $150 to $1400.

Inaugural parade tickets on Craigslist, average price $150-$200.

At 1/19/2009 12:45 PM, Matt S said...: Capitalism isn't failing as a whole. Select ideas within capitalism - free market capitalism with few/no regulations - are not doing so well. I think most people understand that capitalism isn't all bad. But like everything else in the universe, there usually needs to be a healthy balance between sheer greed (laissez-faire) and a sense of humanity or protection from greed (regulation, socialism, whatever). Extremes never work out very well.
At 1/19/2009 4:11 PM, sethstorm said...: If the government was wise enough to do so, they'd have made it very close to impossible to not match up original purchaser with their ID and a non-cash form of payment.

Consider it a means of security to ensure that you have known people there.

Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.