Tuesday, August 20, 2002

Jim Henley reports that noxious monopolist Clear Channel is brokering private concerts from several music acts. On the menu: Tracy Chapman for $200,000. (Not mentioned is whether that's a real market rate, or "Yeah, suuure I'll play somebody's party, if you can find someone who'll pay $200,000").

Not too long ago, the rate was $1.00 on a Harvard Square street corner, on the honor system. Perhaps Brad DeLong shouldn't be so worried about deflation...


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