A moratorium on new liquor licenses in Washington, D.C.’s popular Adams-Morgan neighborhood might account for why an existing license appears curiously valuable. [Matthew Yglesias]
A moratorium on new liquor licenses in Washington, D.C.’s popular Adams-Morgan neighborhood might account for why an existing license appears curiously valuable. [Matthew Yglesias]
One Comment
This is an issue Dr. Tom Sowell has been demonstrating for years. Controls breed shortages, ergo the law of supply and demand kicks in.