Wednesday, May 18, 2011

Opportunity Cost and streaming video...dang.

Even the Internet itself is limited and scarce.  Bandwidth is finite.  Broadband video streaming is increasing exponentially.  So...do we get all Malthusian here and demand government intervention, or should we let the marketplace figure it out?


http://www.washingtonpost.com/blogs/post-tech/post/netflix-biggest-driver-of-us-internet-traffic-puts-spotlight-on-broadband-pricing/2011/05/16/AFg3yg5G_blog.html

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Share your unique economics experiences. What did you have to give up to gain that which at the moment seemed so necessary to you? Imperfect information spanked you and now diminishing marginal utility smacks you upside the head, eh?