Re: Zelig Edition (Matthew Yglesias & Reihan Salam)
"Remember when computers were $2,000? Now, they're $500 and several thousand times faster."
Actually the ENIAC used to cost $6,000,000 in 2011 dollars, but thanks to the miracle of cheap overseas labor computers now cost much, much less. (As low as $199 if you assemble the imported components yourself, and don't count the cost of your all-American elbow-grease in terms of foreign-domestic labor value disparities.)
Why didn't someone think of this in 1945?