July 23, 2005
An end to tokenism

The Nashua Telegraph reports that New Hampshire is phasing out its turnpike tokens in favor of the electronic toll system E-ZPass. (Sale of tokens ends August 31; acceptance ends Dec. 31.) Soon the state will face the question: what to do with millions of obsolete brass-nickel tokens?

Posted by Lawrence H. White at 05:05 PM in Economics  ·  TrackBack (0)

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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