Why have prices fallen so low? Because government subsidies created a glut – and the market is flooded. This government money warps and distorts the marketplace – as otherwise productively-directed time and effort is instead spent chasing the government coin. Producers produce not what the marketplace needs – but for what the government pays.
There was on Monday a quintessential example of the horrendously bad thinking of those opposed to all things intellectual property. An op-ed totally disconnected from Reality – and chock full of thought-free, pathetic anti-property platitudes.
The New York Times’ editorial, “Global Threats to Net Neutrality,” scolds the world for not following the FCC’s nationalistic concept of net neutrality.
(SEE UPDATE BELOW) This afternoon, the Senate will vote on an amendment to the Economic Development Reauthorization Act (S. 782) sponsored by Senators Tom Coburn (R-OK) and Diane Feinstein (D-CA)…