(I am reposting this because it disappeared from WordPress an hour or two after I posted it and I don’t understand why, it is possible someone misinterpreted the title, but if so that is disturbing because I thought that blogs here, unlike those at blogspot.com, can be politically incorrect…)
I am writing a post about “Political Religions” but I got sidetracked today with various family-related errands involving driving 400 miles across 4 different states, and I’m out of patience, so it will have to wait until tomorrow. I did want to post, though, about my horrible experience at JFK airport today. I wanted to change $100 into Japanese yen and Travelex Currency Services, Inc., informed me that I could get 78 yen per dollar, and if I wanted dollars I could get them for 103 yen each, and by the way there is a $10 fee for each transaction.
I’m good at math but I was so angry I couldn’t calculate in my head how huge their cut was. Obviously they can only do this because of their monopoly, if there were another firm changing money at the airport I estimate that the competition would cut their profits by 90% or so.
What I really want to know: which New York politicians granted this monopoly concession, and how much of a kickback did they get, and where can you buy tar and feathers?