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I just love how the author snuck in this little story about arbitrage: > (For those of you thinking of funding your research this way, forget it: the cost of c
by gamesbrainiac 7y ago
I just love how the author snuck in this little story about arbitrage:
> (For those of you thinking of funding your research this way, forget it: the cost of collecting and transporting the cans eliminates the profit. However, about $10 million worth of empty bottles and cans do get smuggled into Michigan from neighboring Ohio and Indiana, which do not require a deposit on beverage containers. Returning those out-of-state bottles and cans in Michigan does make a small profit. Michigan lawmakers have proposed requiring that beverage manufacturers put a code on all bottles and cans that are sold in Michigan, and that automated bottle return machines be programmed to read the code so they accept only containers originally sold in Michigan.)