writing vs. blogging

Hmmm, this gives me pause.

http://www.slate.com/id/2140095/?nav=navoa

excerpts:
...I realized something: Blogging wasn't helping me write; it was keeping me from it.
and
...I started to feel that jokes and scenarios and turns of phrase were my capital... and each blog entry was scattering more of it to the wind, pissing away precious dollars and cents in the form of punch lines I could never use again, not without feeling like a hack. You know: "How sad. She stole that line from her own blog."

I hate the interpretation of blog prose as "capital" (must everything be interpreted through a capitalist/business paradigm, fer chrissakes?!), although the analogy has a certain logic. However, it is based on the idea that there is a finite amount of good prose in a given author, and that pissing it away on a blog is not a good plan if you ever plan to "really" write.

I'm not sure I agree that a given author has a finite amount of good prose in her/him. Also, many great authors have often ripped themselves off over the courses of their careers. (I know this to be true, but I'm blanking on names at the moment...)
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