Why HD-DVD and Blu-ray are dead on arrival

There’s a certain amount of irony in the fact that one reason why the entertainment industry is pushing these new DVD formats is because of the DRM that more effectively frustrates counterfeiters but when you think about it the best way for the entertainment industry to eliminate piracy would be invest heavily in broadband deployments and on-demand delivery of content. Not only would they have a pricing model decoupled from the physical economics of producing and distributing a disc, but they would also be able to price counterfeiters out of the market and grow consumption at the same time.

Why HD-DVD and Blu-ray are dead on arrival. – By Sean Cooper – Slate Magazine:

The movie studios and electronics manufacturers think—wrongly—these new high-def formats will extend the market for home-entertainment media indefinitely. Both formats will fail, not because consumers are wary of a format war in which they could back the losing team, a la Betamax. Universal players that support both flavors of HD should appear early next year. No, the new formats are doomed because shiny little discs will soon be history.

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Milton Friedman, 1912-2006

The impact that Friedman had is incalculable and easily surpasses any other 20th century economist. It’s always interesting to consider how history would be different if seemingly disconnected events transpired in different ways because people like Friedman were able to influence a different direction. For example, Friedman believed that the Fed miscalculated greatly at the beginning of the Great Depression by tightening the money supply and as a consequence causing high interest rates. If the Fed were more Friedman than Keynesian at the moment in history would the Great Depression have been a great recession instead and more regional in scope? And if that were the case would Hitler have not been able to rise to power on the backs of the economically disadvantaged in Germany and would that great scar on history and the 50 million lives it claimed never happened?

UPDATE: the New York Sun has a great collection of articles on Friedman.

Milton Friedman – Britain – Times Online:

The chance to challenge Keynesianism had been evident from the mid-1960s, when simultaneously rising inflation and unemployment were countering previously held assumptions that a trade-off existed between the two negative indicators. Friedman emphasised research also being undertaken by his fellow economist, Edmund Phelps, and claimed that the commonly held inflation/unemployment trade-off was in the long run false.

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More on this topic (What's this?) Read more on Federal Reserve at Wikinvest

Milton Friedman, 1912-2006

The impact that Friedman had is incalculable and easily surpasses any other 20th century economist. It’s always interesting to consider how history would be different if seemingly disconnected events transpired in different ways because people like Friedman were able to influence a different direction. For example, Friedman believed that the Fed miscalculated greatly at the beginning of the Great Depression by tightening the money supply and as a consequence causing high interest rates. If the Fed were more Friedman than Keynesian at the moment in history would the Great Depression have been a great recession instead and more regional in scope? And if that were the case would Hitler have not been able to rise to power on the backs of the economically disadvantaged in Germany and would that great scar on history and the 50 million lives it claimed never happened?

Milton Friedman – Britain – Times Online:

The chance to challenge Keynesianism had been evident from the mid-1960s, when simultaneously rising inflation and unemployment were countering previously held assumptions that a trade-off existed between the two negative indicators. Friedman emphasised research also being undertaken by his fellow economist, Edmund Phelps, and claimed that the commonly held inflation/unemployment trade-off was in the long run false.

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More on this topic (What's this?) Read more on Federal Reserve at Wikinvest