gary leff

60.1K posts

gary leff

gary leff

@garyleff

Miles & Points, Mistake Fares, and Luxury Travel

AUS Katılım Kasım 2008
993 Takip Edilen107.4K Takipçiler
gary leff retweetledi
BoardingArea
BoardingArea@BoardingArea·
Jessica Simpson Flew First Class While Her Kids Sat In Coach — And Ran Into Ex-Husband Nick Lachey Onboard dlvr.it/TSYNZH via @garyleff
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gary leff
gary leff@garyleff·
@tommygnr @JimPethokoukis Dude, you ignored what I gave you and started arguing non-sequiturs about the cost of *counting cash* which is irrelevant, which is why you are not worth engaging with.
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GTCE
GTCE@tommygnr·
@garyleff @JimPethokoukis Your opening ambit claim was that cash acceptance costs more than credit card interchange. You’ve provided no sound evidence to support that claim. Employee theft/fraud overheads exist for both cash and card transactions. Please provide hard data.
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James Pethokoukis ⏩️⤴️
James Pethokoukis ⏩️⤴️@JimPethokoukis·
'Here is an uncomfortable truth for hand-wringing policymakers: Europe’s dependency on America is in no small part Europe’s own fault. Decades of over-regulating the old continent’s economy left businesses there unable to compete with American firms' economist.com/europe/2026/04…
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gary leff
gary leff@garyleff·
@tommygnr @JimPethokoukis As I already pointed out you are talking about a different source example I gave. And I noted the major cost areas, which you avoid. You are not engaging in honest discussion, so I am done.
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GTCE
GTCE@tommygnr·
@garyleff @JimPethokoukis Stop avoiding the question. Your “sources” are prima facie bogus. Rewind 30 years when cash was 80%+ of transaction volume are you seriously suggesting 60-80 hours a week was spent counting cash?
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gary leff
gary leff@garyleff·
@tommygnr @JimPethokoukis Counting cash isn't the major cost of cash acceptance! Incorrect change / employee theft / insurance against outside theft. As I say, cost varies tremendously by industry. Many businesses still prefer cash. Makes tax fraud easier! Seems odd for policy to favor it.
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GTCE
GTCE@tommygnr·
@garyleff @JimPethokoukis Pretty sure you did since I couldn’t reply to the thread for a few hours nor follow you. Perhaps that was an X bug in which case I apologise for falsely accusing you of blocking me. Now we have that out of the way could you please deal with this question: x.com/tommygnr/statu…
GTCE@tommygnr

@garyleff @JimPethokoukis Cash drawers take 14 minutes to count and convenience stores spend 15-20hrs/wk counting cash. Simple division suggests at the bottom end 15hrs x 60 mins / 14 mins = 64 cash counting events a week. Assuming a typical convenience store has 2 tills that is 32 counts a day.

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GTCE
GTCE@tommygnr·
@garyleff @JimPethokoukis So @garyleff has conceded defeat in this debate by blocking me rather than debating substance. A lame intellectually fragile approach. It’s a shame you can’t graciously acknowledge my acceptance of your concession of defeat on account of blocking me.
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gary leff
gary leff@garyleff·
@mattyglesias Unions do like regulated monopolies and limits on competition. Government price floors are better for collective bargaining than market-disciplined firms.
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Matthew Yglesias
Matthew Yglesias@mattyglesias·
Jimmy Carter’s deregulation of interstate air travel was a clearly pro-competition move, dismantling a system whose whole purpose was to entrench incumbents. So why does the “anti-monopoly” movement hate it? What do they really want? youtu.be/zzWjb1whyg0?si…
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gary leff
gary leff@garyleff·
People used to like that middle seats were usually empty, because fewer people could afford to fly. And better food was because airlines weren't allowed to compete on price - but prices were set to generate profit - so they competed for business on service. Much of the misery comes in areas where we really could improve, though, airports that are intentionally cumbersome to navigate (sending us through high-end shopping to cover inflated construction costs), air traffic control delays caused by a decades-long inability to upgrade technology, security queue processes.
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Beefk Nordweasle
Beefk Nordweasle@nordweasle·
@mattyglesias I suspect it’s a statement about how miserable air travel has become. I even once heard P.J. O’Rourke say “Even I am so ready to re-regulate the airlines”
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gary leff
gary leff@garyleff·
@tommygnr @JimPethokoukis Actually that's not the source of the data on cash acceptance costs by industry, try again. And there's broad research on this.
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GTCE
GTCE@tommygnr·
@garyleff @JimPethokoukis This is not research. You need to do better at critical thinking and evaluation. The SBE cites this article from the National Association of Convenience Stores. Upon inspection of that article it is a sponsored post from “Cash Depot”.
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gary leff
gary leff@garyleff·
@tommygnr @JimPethokoukis australia regulates interchange. so does europe. those rates are lower than in the u.s. that is not controversial, nor relevant to my point
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GTCE
GTCE@tommygnr·
@garyleff @JimPethokoukis “Cash acceptance costs retailers more than interchange (employee theft, incorrect change, insurance costs) and card customers spend more.” Citation needed.
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gary leff
gary leff@garyleff·
@WilliamJMcGee Not all flights will be replaced. Some probably shouldn't be! But we're already seeing many are. Surely you'll agree Spirit's bankruptcy - and capacity replacement at higher fares than status quo levels! - strongly suggests there's little monopoly pricing power in the industry.
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William J. McGee
William J. McGee@WilliamJMcGee·
In less than two weeks, two low fare domestic airline brands have announced departures. Spirit via bankruptcy, Sun Country via a merger fast-tracked by DOJ. Spirit launched in 1992 and Sun Country launched in 1982. startribune.com/allegiant-sun-…
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