Updated at 12:45 p.m. to include quotes from Harvard economist Anita Elberse.
If iTunes shoppers truly believe in our free-market system, then they shouldn't worry about a $1.29 price for songs.
On Tuesday, Apple's traditional 99-cent song price was shelved. From now on, record labels can choose to charge $1.29 for new releases. Some older catalog titles will sell for 69 cents, and everything else will be available for the tried-and-true 99 cents. CNET first reported the price changes in January.
The blogosphere is full of gloomy warnings about how Apple's new pricing … Read more