Friday, October 21, 2016

Stone the Rich Economist

N. Gregory Mankiw has a piece here--he paid $2500 apiece for "Hamilton" tickets in NY and is reasonably happy about it.  As a market economist he sees it in terms of supply and demand, mourning only that the creators of the show get only the benefit of the $500 face price.

What's interesting to me is the comments: the most "liked" comments are those trashing the rich plutocrat who can afford such a price.  I'm not sure whether that's coming from the presumably liberal readers of the NYTimes or from those who support Mr. Trump.  Probably the former, that would be more consistent with the liberal ethos.  But it's a little straw in the wind which shows the support Clinton can get for "soaking the rich".

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