Micro Economics: Does Google Have Too Much Money?

For some time the blogosphere has made a ruckus over Google´s growing power in the commercial Web. Such concerns probably would have arisen even if the world´s developed economies were not in the midst of a painful macroeconomic nadir. In such dismal conditions, however, this extraordinary young firm´s wealth makes it a natural target for envy and scrutiny. Is it a problem when a fabulously wealthy firm uses its money to explore grand new projects? If there is an economic problem, it is this: the firm has too much money.