You won't find them on Sunday. But you can use the internet to read an insightful economist's take on this bizarre story:
It's easy to condemn the ethics of, say, ESPN for relying on tabloid reports, but there's clearly consumer demand for tabloid gossip about well-known celebrities. The economic question here is, Why should ESPN pay expensive writers like Rick Reilly ($2 million per year) and Bill Simmons ($1 million per year) to pontificate about a subject where the cheap tabloid reporters are at least three steps ahead of the actual story? Where's the value in paying a premium for writers who do little original reporting and contribute primarily to self-sustaining hype?
via blog.mises.org
As with most stories of this sort, I had no intention of blogging about it. But then I noticed a spike in Filter^ viewing stats, mostly for this page. The wonderful article is an excuse to see whether the above title will make this the most viewed Filter^ page ever...
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Posted by: jordyhammonds | December 12, 2009 at 08:50 PM