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"An appeaser is one who feeds a crocodile, hoping it will eat him last."
Sir Winston Churchill

8.09.2006

Economics in 7 Minutes

Consider this excellent TCS article on the LWM's reaction to the Reuters Fauxtoshop scandal.

Applying the logic in the previous post, explain the implications for the public when a biased media attempt to limit the flow of information, and how the reduced barrier to the media market represented by the blogosphere applies a market corrective.

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