From the New York Times, an oped by Gregory Mankiw, former chairman of GW Bush’s Council of Economic Advisers:
I Paid $2,500 for a ‘Hamilton’ Ticket. I’m Happy About It.
By N. GREGORY MANKIW OCT. 21, 2016
… We had no doubt about what we wanted to see. “Hamilton” had received rave reviews from both critics and our friends who had seen it. We had much enjoyed “In the Heights,” an earlier musical by Lin-Manuel Miranda, the genius behind “Hamilton.” And as an economist, I have always viewed Alexander Hamilton, the first Treasury secretary, as one of the most important and intriguing founding fathers. …
We, however, had no problem getting tickets. Two weeks before our trip, I logged into StubHub, the online ticket marketplace owned by eBay. I found the performance we wanted, located some great seats and within a few minutes was printing our tickets.
The rub is the price. Including StubHub’s fee, I paid $2,500 a ticket, about five times their face value. Such a large markup is not unusual.
… It was only because the price was so high that I was able to buy tickets at all on such short notice.
And aren’t we all happy for you, your wife, and son enjoying a $7,500 matinee…
My prediction: as the Democrats continue to evolve into the Party of the Power Structure, Lin-Manuel Miranda, son of Democratic campaign consultant Luis Miranda, will be on the Democratic national ticket some before 2050, as the perfect embodiment of the Democrats’ promise that they can continue to Invite the World without endangering the the affluence of the People Who Matter.