Markets in everything, prison edition

by on May 7, 2007 at 1:19 pm in Economics | Permalink

A prison in the US state of Iowa has changed its locks after a set of keys was sold online for $12.

The state spent $6,000 on refurbishing the Anamosa State
Penitentiary after keys that belonged to a guard who retired in the 70s
were auctioned.

Here is the full story, and thanks to Leonardo Monasterio for the pointer.

ajkrik May 7, 2007 at 1:22 pm

They shoulda just bid for the keys.

The Chieftain of Seir May 7, 2007 at 8:11 pm

You would be amazed at how expensive it can be to change the locks in as institution like that. That is why it is not done more often. Depending on the type of lock, you could be talking about hundreds of dollars a door.

I work in a place that is supposed to be secure and some locks have not been changed since before I was born. My best guess would be that the prison only had a few doors that they were worried about and that is why the bill only came to 6,000 bucks. But it is hard say from the information provided.

RexRhino May 8, 2007 at 5:44 pm

This wouldn’t happen, if they would simply turn Manhattan Island into a self-contained prison complex, by tearing down the bridges and placing mines in the surounding bodies of water. Perhaps they could use Liberty Island as the prison headquarters? Weren’t they supposed to do that around 1997 or so?

Smart Card Development Solutions Consultancy May 30, 2007 at 6:55 am

This is absurd.This money should rather have been used on some other
purposes.

Offshore Software Product Testing May 30, 2007 at 7:01 am

Every guard of any institution is supposed to return the keys back to the o
other person in hold of that place.So why it was different in this case.

offshore software development India February 19, 2010 at 8:39 am

well it is old story agencies try to spend money on something which is rather useless than useful

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