No Bad Analogies Needed for Baseball Economics

Let me tell you a little story about a friend I have.  This friend is a chef that owns his own restaurant.  Unfortunately he’s not a very good chef, and for that reason, his business struggles.  Customers always ask him to improve his product, but he simply replies that those customers need to support his business before he’ll make any improvements. That behavior is not really a surprise.  In fact, it’s probably...

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