"They get good at vetting buyer's reliability. So one person just up at my house and I'd have to take their check or I'm not sure it takes a while," he says. "So they're just better at doing everything that you could on your own." He adds, "It really even comes down to something as simple as posting pictures of your car"
Why would anyone want to hire a middleman, like a wedding planner, especially if you have time to take care of the planning yourself? Marina Krakovsky, author of The Middleman Economy talks with EconTalk host Russ Roberts about middlemen in the modern economy. Despite predictions that the internet would destroy the need for middlemen, Krakovsky argues they're more valuable than ever though their roles have changed. Krakovsky looks at the different roles middlemen play today and how their value added can justify their existence.