Relevant and even prescient commentary on news, politics and the economy.

Netflix Toasts Itself

I was going to write something about Reed Hastings’s inane email, but Wired covered the main point, even if they did bury the lede: However, it’s impossible to see how the split itself benefits customers. The price and plan changes that flustered many of them months ago remain in place, but the company now directs […]

Pull Quote of the Day: The Police Know The Truth

From Constance Ash’s discussion of Capitalism: A Love Story: There are some scenes that that must have been shot around the period when enraged screwed-over people gathered at the New York Stock Exchange yelling, “Jump! Jump! Jump!” Moore has said in an interview, that while at the NYSE the NY cops came up to him […]

And Here I Thought Corporations were Rational

Ken Houghton lowers the level of discourse at AB by discussing the career of a porn star other than Adam West. One of the primary tenets of economic theory is that corporations believe in nothing other than profits. Well, it’s not quite that stark—we use phrases such as “utility maximization,” “cost minimization,” and the like—but […]

How Much Should I Spend to See a Movie? (In which I channel McMegan)

While the brood was at Mary Poppins, I took advantage of the Academy Awards rules and went to see Revolutionary Road. The incremental cost was subway fare (arguably a sunk cost, since I have old Metro cards) and the $12.50 NYC film ticket price. So that was quite rationalisable; met up with an old friend […]