May 24, 2007
Tyranny of the majority c. 1907

The old adage of "don't tax you, don't tax me, tax the guy behind the tree" might apply in this case, from the May 24, 1907 NYT:

M. Dupuy arrived in Paris two or three weeks ago, well in advance of the party to whom he is to act as guide, mentor, and friend, and ten days ago he started in a motor car over the route which he had selected for the American automobile caravan to follow, so as to obtain all desirable information and make the best arrangements for the convenience of the transatlantic tourists.

M. Dupuy is now travelling over a part of the route by train. He left Paris in an automobile and arrived without a mishap at Perpignan, near the frontier of Spain and France. The Spanish customs officials called upon him to pay a deposit of 1,500 pesetas ($225 [$4,823.55 in CPI adjusted 2005 dollars]) before they would allow his foreign automobile to cross the border, this being a regular formality with which all automobilists have to comply. The money is, or course, refundable when the travelers take their cars out of Spain...

Undoubtedly those Americans who are going to join M. Dupuy's caravan will be in a position to profit by their cicerone's experience.

Posted by Craig Depken at 10:00 AM 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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