It runs a bit long, and needs a better score, but this is still a pretty good little film.
19 February, 2007
Fore!
Thomas Sowell tees up on San Francisco.
San Francisco has six municipal golf courses — and they are losing money. Now there is all sorts of hand-wringing over what to do about it.
An economist might see this as a non-problem. If the golf courses are losing money, then get rid of them. Given San Francisco’s sky-high land prices, selling the land that the golf courses are on would bring in millions, if not billions, of dollars.
But such advice is why so few economists get elected to political office.
Is San Francisco an easy target? Sure. But Sowell’s economics lessons are always as entertaining as they are educational.
