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By the early twentieth century, Bayuk was Philadelphias largest cigar producer, manufacturing Garcia y Vega and the popular Philadelphia Hand Made Perfectos, which soon became known simply as Phillies. The Northern Liberties hosted many factories, including Theobold & Oppenheimer, which began production in 1860 and moved to a new plant at 1147 N

But it also shows that some economic activity never takes place (deadweight loss): When discussing the economics of taxation, I always try to remind people that deadweight loss also represents foregone taxable activity, which is why the Laffer Curve is a very real thing (as even Paul Krugman admits)