Stop whining

iPhone early adopters.  (I’m one of them, though a virtuous one.)  You may have heard, they just cut the price on iPhones.  Get this:

“I just felt so used as a consumer,” he said. “They hyped up the iPhone for six months and built up our expectations, and then they grabbed our extra $200 and ran.”

Here is another guy:

“I feel totally screwed,” wrote one iPhone owner on the Unofficial Apple Weblog site. “My love affair with Apple is officially over.”

It is you people, you who resent Coase (1972), you people who induce wage and price stickiness and widen the Okun gap.  You people, who don’t know what it means to sit back and enjoy your consumer surplus.  You beasts! 

And to think you are all carrying around these wonderful icons of modernity in your pockets…


(I thank a loyal MR reader for the pointer.  Please note this post was published from my iPhone.)


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