Law and Economics

Governor Spitzer's bad deal.

She apparently was booked at about $1,000 an hour, placing her in the middle of the seven-diamond scale by which the prostitutes were paid up to $4,300 an hour.

A grand an hour, plus the risk-adjusted cost of getting caught...for that?

Well, I don't want to beat up on the kid, so I'll leave it at that. I thought the governor was at least careful with his own money.