If Jeff Bezos walks into a bar, the average wealth of the bar’s patrons suddenly shoots up to several billion dollars — but none of the non-Bezos drinkers have gotten any richer. – Paul Krugman
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In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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True. But the media wealth won’t have changed at all, or at least significantly, moving up only one patron.
Sent from my iPad
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