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no third solution

Blogging about liberty, anarchy, economics and politics

Futures Contracts – Markets in Everything

September 17th, 2007

If you’re tired of ticket-scalpers snagging all the good seats (namely, all of them) to sporting events like the NCAA football championship game, the SuperBowl, MLB playoff games, etc., look no further than TicketReserve.com. (This is neither an endorsement of, or a recommendation to use TIcketReserve.com)

I’ve heard it advertised on the local radio as a means by which interested fans may buy forward contracts on hard-to-get tickets. It allows you to choose the team, and the event, so, say you’d like to get your hands on a ticket for the NCAA football championship game if and only if the LSU Tigers are playing for it.

Shell out $94 today, and if they make it, you have the option to buy a ticket at face value. I have no idea what face value is, and I’m not an odds-maker. I cannot speculate as to whether this is a fair price based on the odds that LSU plays for the championship, but at the very least, if they do, it seems like a much smaller markup than if you had to eBay the tickets, instead. Of course, in the event that LSU falls to #3 in the polls by the end of the season, you forfeit your reserve.

It’s an interesting idea, and it may (or may not) catch on. Such is the beauty of capitalism.

Questions

September 14th, 2007

From Michigan: Why would a State government “shut-down” concurrently require Detroit’s casino resort to close? The state of Michigan has been notably lax in enforcing its agreements with the tribal casinos, I’m sure we can do without whatever regulators are generally present in Motown, too.

From the Democratic People’s Republic of California: Age profiling? If not, I can’t see how a law banning minors from talking on cell-phones while driving can possibly have any teeth. Also, this sort of law, like seatbelt laws, is the proverbial “low-hanging fruit.” Every police resource wasted allocated to its enforcement makes everyone else a little bit less safe.

Where’s Kevorkian When You Need Him?

September 12th, 2007

Wouldn’t it be nice, assuming you want to end your own life, if you could do so with at least a modicum of dignity? You know, like leaving an intact body for the funeral? Like, allowing your family and friends to know that you didn’t suffer?

Well, Kevorkian has been out of the picture for a while, which leaves the suicidal few options: the ever popular drug overdose is probably the cleanest way to go, but close behind is the self-inflicted GSW to the back of the mouth. Not content with either of these attractive options, a Melvindale (MI) man painstakingly constructed a guillotine (presumably a rather crude one), which he then used to separate his head from the rest of his body, in the woods near his house.

This is not particularly newsworthy, or opinion-worthy. Or anything-worthy, for that matter. I just though it was remarkably odd news. You’ll probably never hear of another suicide-by-guillotine, if you live to be a hundred.

no third solution

Blogging about liberty, anarchy, economics and politics