March 13, 2007
Markets in Everything: Holy Water Edition

Can you really sell anything on Ebay? Apparently some people wanted to find out:

Interlopers try to steal, sell water from Pope's garden hose

The Ebay headlines suggest themselves: "Baptise yourself with REAL Holy Water from Pope's House!!! L@@K!!!"

Posted by Tim Shaughnessy at 10:38 PM in Economics

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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