My Bloomberg column on the true inflation inequality:https://www.bloomberg.com/opinion/articles/2019-11-18/inflation-inequality-if-you-like-new-stuff-life-is-cheaper?cmpid%3D=socialflow-twitter-view&utm_campaign=socialflow-organic&utm_source=twitter&utm_content=view&utm_medium=social …
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Replying to @tylercowen
That sounds like such an interesting idea, but Bloomberg says I've reached my free article limit and won't let me read it. Why not publish it on an ordinary web site?
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Replying to @paulg @tylercowen
The reason I never subscribe to news sites is not that I can't or won't pay for it, but that I assume signing up will be impossibly cumbersome, and that they'll both auto-renew the subscription and refuse to let me cancel without calling them on the phone.
19 replies 7 retweets 99 likes -
Replying to @paulg @tylercowen
Irony alert, from the article. I opened the article in Safari to extend my monthly limit. Install a few browsers. Plus prioritize
@tylercowen - who is the only regular column I read. Plus plus don't optimize for wasted $10^2 on subscriptions if you have 10^8pic.twitter.com/5PwBMtK52J
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This cognitive load is greater than canceling a subscription. https://twitter.com/search?q=from%3Apaulg%20cancel&src=typed_query …pic.twitter.com/bZ5P0r2sqX
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Replying to @ikirigin @tylercowen
(a) It's not just the cognitive load, it's the dishonesty. (b) Having to remember something multiplies cognitive load by the time over which you remember it.
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Also, I'm in the business of noticing this kind of brokenness, because it's the sign of a missing startup.
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Replying to @paulg @tylercowen
It's a feature, not a bug. You think they didn't run the test? Making canceling harder didn't lower new subscriptions but increased retention. BTW I just subscribed, and they require you to contact support to cancel on Bloomberg.pic.twitter.com/Wqabf6bAQp
1 reply 0 retweets 1 like
I believe it's a local maximum. But when you have to do something so clumsy and dishonest, that's a sign that there is a better overall model.
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Replying to @paulg @tylercowen
Seems plausible, but even
@OurWorldInData requires you to email to cancel. And maybe alternatives don't look like NYTimes, Bloomberg, or other traditional media. Eg - Canceling a Patreon account is self-serve. - Unsub on YouTube, Twitter, and other social media is easy.0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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