Rudy Russo comments

Posted in: Legoland Japan to lower admission fee for children See in context

Amusing to me that this is even a story, but frightening too, as one who thinks free market prices are the best mechanism we have for ensuring an ample supply of goods and services for consumers, with the welcome side effect of making for ample employment opportunities too.

This isn't a 5-year plan to fix amusement park tickets by a socialist government. This is the free market determining a price. The consumers have decided the price is too high to bear and rather than go out of business and ending those "ample employment opportunities" a private company has decided to lower their prices and increase demand. Legoland wants to make money and to do that they need customers.

And enough people do ride in taxis to keep prices where they are but if demand fell and pushback commenced those prices would fall, too.

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