Krugman says "MMT"
So, will this be the crack in the dyke that brings the whole edifice of macroeconomics down? Or will it just vanish down the memory hole like Climategate? My bet is on the latter, but only if Paul stops bringing it up.
Thoughts on human interaction over the next 25 years
AT&T’s intent to acquire T-Mobile USA is subject to regulatory approval. Will regulators look at the deal through the lenses of sustaining the traditional industry’s profit allocation or through the lenses of device-led disruption?He goes on to list the usual litany of complaints about US cell phones -- service is spotty, networks are bad, you need to pay to both make and receive calls, you get locked into handsets etc.
In theory, regulators are to make a determination on whether the deal will reduce customer choice. But the question is really choice of what? The focus is presumably on the choice of service plans. That’s understandable, however coupled to that choice is the choice of devices and even more importantly, the choice of platforms.