Still true, you beasts

I will try to buy an iPad later today, we'll see with what success.  In the meantime, Matt Fraser reminds me of my words from a few years ago:

So go ahead, buy your iPad, and feel the joy of technological advance (and the status it conveys). But think twice before whining when Apple inevitably introduces its faster, sleeker, less-expensive next generation of iPads. As economist Tyler Cowen, himself an early adopter, put it during the iPhone kerfuffle: “It is you people, 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!”


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