Everyone knows that inflation has to do with increases in the prices of goods and services and the buying power of the dollar. But there is a new inflation that costs just as much as money without really costing anything. There is no standard for it, or at least not one that can be shared by anyone apart from myself. I decide just how much inflation goes up or down with each online click.
The Federal Communications Commission regulates advertising on television, what commercial content is lawful and the ratio between programming and commercial advertising. That agency controls how much of which type of commercial advertising children are exposed to during specific hours of the day and whether you can sell cigarettes or hard booze or boner pills. And they can do this because television can be controlled through broadcast licenses. But the FCC has almost none of this power on the Internet. I also believe that because of the digital conversion, the FCC will lose its power to control broadcast television, but that will come later when one or more of the major networks decide to scramble their programming and then charge annual fees to descramble. I'll get back to you next year about that one. -- Read More