economics free market freedom of choice

Scalping silliness

I’ve noticed a few places where people are complaining that the “free” tickets to the upcoming inauguration are selling for up to $2500. The basic argument seems to be that since the people got the ticket for free, they shouldn’t sell it. Well guess what? Those people don’t think the same way you do, time to move on…

Seriously, regardless of the cost of the item, that person now has something that other people value. If he values the money more than the event, why shouldn’t he take the money? Why shouldn’t he profit from it?

We can (and should) flip that around too. Why should someone be denied the opportunity to go to an event just because they weren’t willing to stand in line/didn’t know someone in order to get tickets? If they are huge fans of Obama and worry that they might miss a historic event, why not allow them to pay whatever they think is a fair price? Think about it, what would you have paid to be there when King said, “I have a dream…” or Kennedy said, “Ask not..” or Reagan when he said, “…Mr. Gorbechev, tear down that wall!” or Kennedy when he said, “Ich bin ein Berliner!”? I’m not saying something of that magnitude is going to happen, but there is definitely a non-zero chance of it happening. Why not let people pay for that opportunity?

So many laws are passed with only the idea that “I don’t think people should do that,” When it’s really none of their business. If someone owns something and someone else values it more than the owner, than the trade will most likely take place regardless of what you think. Just let it happen and spare everyone your outrage….

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