Daniel Davies wrote: > > $2400 an hour might seem quite a lot of money to spend on a prostitute, but > you have to remember that it's a positional good.
About 50 years ago (or more) David Rockefeller used to tuck $1000 bills in the stockings of cigarette girls in night clubs. That $1000 in (say) 1940 must have been worth quite a bit more than $2400 in 2005 dollars. And for quite a bit less time than an hour! Carrol
