How should governments deal with enormous budget deficits? In Europe, the playbook seems to be clear: announce enormous budget cuts (see Germany, UK) only to be told that they’re still not big enough.
Tyler Cowen and Matt Yglesias have not had time to read Todd Zywicki’s 63-page paper on interchange fees; it certainly doesn’t need to be nearly as long as it is. But the fact is that you don’t need to read all that far past the abstract to realize how silly and contentious it is.
The forced retirement of Helen Thomas is further proof, if any were needed, that it’s still unacceptable, in public discourse, to be wrong in one’s opinions. I find that sad.
I sent AT&T spokesman Mark Siegel some questions this morning:
1. Will you have “rollover megabytes”? If not, why not?
2. Why do the plans have to be chosen ex ante, rather than ex post? Wouldn’t the plans be much more convenient for consumers if they just automatically paid for the Data Pro plan when they went over 200 MB, but paid only for Data Plus if they consumed less than 200 MB?