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I hadn't come across the term monopsony before reading this piece. I'm glad to read a PK column that's a bit outside the box, as he sometimes starts to sound like a broken record (even if he's right, I don't need to read the same 500 words twice a week). The piece he linked about Paul Ryan's book is interesting, and I would encourage anyone to read it. I think it sheds some light on the way they do business. They are clearly playing a power game, and that example is illustrative.