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On Tue, 2 Jul 2002, R. A. Hettinga wrote:
Rival means that only one person can own something at once. That,
technically, is the case with anything digitable.
No. It is the case with the digitized version, but not the work. Nobody
would argue that actual copies aren't normal, private goods. One
From: Anonymous [EMAIL PROTECTED]
Even libertarian
monetarists such as Milton Friedman agree that this is the proper approach
when dealing with a depression.
Murray Rothbard's law number 17: all economists specialize in the field they
suck most. Friedman is good in many areas, but he sucks
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From: Anonymous [EMAIL PROTECTED]
Just curious, but what was the rationale under which private posession
of gold was made illegal in the US? It boggles the mind...
Roosevelt needed to in effect devalue the dollar during the Great
Depression. In a deflationary depression, this acts as
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At 12:41 PM +0300 on 7/3/02, Sampo Syreeni wrote:
No. It is the case with the digitized version, but not the work.
What is a CD but a copy of a work, Sampo? Record companies sell
*records*, right?
A copy on my hard drive is *my* copy. I can, in
http://www.business2.com/articles/mag/0,1640,41206,00.html
According to former and current DEA,
military, and State Department officials,
the cartel had assembled a database that
contained both the office and residential
From: Sampo Syreeni [EMAIL PROTECTED]
But when the yield does not go to the one who created
the master copy, why should anyone create anything, anymore? (Or, more
realistically, why should people create at an efficient level?)
There's no such thing as efficient level, except in the tautology
--
On 3 Jul 2002 at 2:36, Anonymous wrote:
At the time, the U.S. faced a significant chance of a
Communist/Socialist revolution such as had been seen in several
other countries. Class warfare was widespread,
The high point of support for socialism among the masses in the US
was the
Anonymous [EMAIL PROTECTED]
Just curious, but what was the rationale under which private posession
of gold was made illegal in the US? It boggles the mind...
snip
However doing a straight devaluation was politically unacceptable
at the time. Because the dollar was pegged to gold,
Marcel Popescu [EMAIL PROTECTED] wrote :
From: Sampo Syreeni [EMAIL PROTECTED]
But when the yield does not go to the one who created
the master copy, why should anyone create anything, anymore? (Or, more
realistically, why should people create at an efficient level?)
There's no such thing
Ryan Lackey writes:
I consider DRM systems (even the not-secure, not-mandated versions)
evil due to the high likelyhood they will be used as technical
building blocks upon which to deploy mandated, draconian DRM systems.
DRM systems inevitably slide toward being more mandated, and more
On Wednesday, July 3, 2002, at 08:50 AM, Michael Motyka wrote:
IIRC many of the wealthy were quick enough to ship huge amounts of gold
to Europe. That is one reason I have heard given that the St Gauden's
$20 gold pices of that era are possibly poor investments - there is a
reservoir of them
On Wed, 3 Jul 2002, R. A. Hettinga wrote:
For me, this is all about Coase's theorem, transaction cost, Coase's
observation that you can't have a market without property,
Quite. Coase's reasoning demonstrated that any initial allocation of
property rights is equivalent (both in the allocative
There's been some recent discussion of ethics and markets relating to
copyright prompted by the Orwellian sounding overtones of the latest
Microsoft powergrab.
Seems about time to replay my periodic reminder that copyright is not
a black-and-white moral issue, it is merely a societal convention
On Wed, 3 Jul 2002, Anonymous wrote:
Ignoring market failures (such things as public goods and
externalities), markets are efficient in the sense that they produce a
Pareto optimal outcome.
Even if you neglect market failures in the usual sense, an outcome such as
everybody becoming a slave to
--
On 4 Jul 2002 at 1:26, Sampo Syreeni wrote:
But try constructing an Independence Day without Will Smith. Or
the special effects. Or the soundtrack. Or the distribution
chain. Try guaranteeing that it arrives on schedule without
making a loss. I think you will not be able to accomplish
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On Thu, Jul 04, at 01:26AM, Sampo Syreeni wrote:
| I can't see a market defined as anything else than private property and
| voluntary exchange.
|
| Then you really must be blind. Markets not based on private property or
| volition abound. The political process is one of them.
Sex is like fixing your '69 Corvette--you better use the right tool for the job
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James Donald writes:
On 3 Jul 2002 at 10:48, xganon wrote:
Do you really think that DRM systems could eliminate cypherpunk
applications? Have you thought this through in detail? Please
expand on it.
The system as specified is harmless, because it can run anyone's
code, and thus can
At 7:31 PM -0500 on 7/2/02, Harmon Seaver wrote:
Wasn't the dollar backed by silver for quite awhile? There were definitely
real silver dollars coined for quite awhile, and the dollar said
something on it
about silver certificate. Likewise many smaller coins had a high silver
content
--
--
On 3 Jul 2002 at 2:36, Anonymous wrote:
However doing a straight devaluation was politically
unacceptable at the time. Because the dollar was pegged to
gold, devaluing the dollar meant in effect increasing the value
of gold in terms of dollars. This would represent a tremendous
On Tue, 2 Jul 2002, R. A. Hettinga wrote:
Rival means that only one person can own something at once. That,
technically, is the case with anything digitable.
No. It is the case with the digitized version, but not the work. Nobody
would argue that actual copies aren't normal, private goods. One
From: Anonymous [EMAIL PROTECTED]
Even libertarian
monetarists such as Milton Friedman agree that this is the proper approach
when dealing with a depression.
Murray Rothbard's law number 17: all economists specialize in the field they
suck most. Friedman is good in many areas, but he sucks
From: Sampo Syreeni [EMAIL PROTECTED]
But when the yield does not go to the one who created
the master copy, why should anyone create anything, anymore? (Or, more
realistically, why should people create at an efficient level?)
There's no such thing as efficient level, except in the tautology
From: Sampo Syreeni [EMAIL PROTECTED]
There's no such thing as efficient level, except in the tautology the
market outcome is always efficient.
Only if you take as granted a market based on some fixed set of property
rights and other rules of exchange. If you do this, there is no reason to
--
On 3 Jul 2002 at 10:48, xganon wrote:
Do you really think that DRM systems could eliminate cypherpunk
applications? Have you thought this through in detail? Please
expand on it.
The system as specified is harmless, because it can run anyone's
code, and thus can run napster like
--
On 3 Jul 2002 at 2:36, Anonymous wrote:
At the time, the U.S. faced a significant chance of a
Communist/Socialist revolution such as had been seen in several
other countries. Class warfare was widespread,
The high point of support for socialism among the masses in the US
was the
Marcel Popescu [EMAIL PROTECTED] wrote :
From: Sampo Syreeni [EMAIL PROTECTED]
But when the yield does not go to the one who created
the master copy, why should anyone create anything, anymore? (Or, more
realistically, why should people create at an efficient level?)
There's no such thing
Roosevelt needed to in effect devalue the dollar during the Great
Depression.
However doing a straight devaluation was politically unacceptable
at the time. Because the dollar was pegged to gold, devaluing the
dollar meant in effect increasing the value of gold in terms of
Anonymous [EMAIL PROTECTED]
Just curious, but what was the rationale under which private posession
of gold was made illegal in the US? It boggles the mind...
snip
However doing a straight devaluation was politically unacceptable
at the time. Because the dollar was pegged to gold,
On Wednesday, July 3, 2002, at 08:50 AM, Michael Motyka wrote:
IIRC many of the wealthy were quick enough to ship huge amounts of gold
to Europe. That is one reason I have heard given that the St Gauden's
$20 gold pices of that era are possibly poor investments - there is a
reservoir of them
-BEGIN PGP SIGNED MESSAGE-
Hash: SHA1
At 12:41 PM +0300 on 7/3/02, Sampo Syreeni wrote:
No. It is the case with the digitized version, but not the work.
What is a CD but a copy of a work, Sampo? Record companies sell
*records*, right?
A copy on my hard drive is *my* copy. I can, in
On Wed, 3 Jul 2002, Marcel Popescu wrote:
There's no such thing as efficient level, except in the tautology the
market outcome is always efficient.
Only if you take as granted a market based on some fixed set of property
rights and other rules of exchange. If you do this, there is no reason to
On Tue, Jul 02, 2002 at 11:34:17PM -0400, R. A. Hettinga wrote:
At 7:31 PM -0500 on 7/2/02, Harmon Seaver wrote:
Wasn't the dollar backed by silver for quite awhile? There were definitely
real silver dollars coined for quite awhile, and the dollar said
something on it
about silver
--
We both created stuff we didn't expect to be paid for - these
emails.
On 3 Jul 2002 at 20:49, Sampo Syreeni wrote:
True. But somehow I fail to see how one can scale this sort of
reasoning to entail anything approaching one of the current
TOP10 movies.
First, lost of people make
On Wed, 3 Jul 2002, R. A. Hettinga wrote:
For me, this is all about Coase's theorem, transaction cost, Coase's
observation that you can't have a market without property,
Quite. Coase's reasoning demonstrated that any initial allocation of
property rights is equivalent (both in the allocative
--
On 4 Jul 2002 at 1:26, Sampo Syreeni wrote:
But try constructing an Independence Day without Will Smith. Or
the special effects. Or the soundtrack. Or the distribution
chain. Try guaranteeing that it arrives on schedule without
making a loss. I think you will not be able to accomplish
On Wed, 3 Jul 2002, Marcel Popescu wrote:
I can't see a market defined as anything else than private property and
voluntary exchange.
Then you really must be blind. Markets not based on private property or
volition abound. The political process is one of them. Social control is
another. Gift
Gee, maybe I should head for Cali and set up a linux cluster shop.
The central feature of
the facility was a $1.5 million IBM AS400
mainframe, the kind once used by banks,
networked with half a dozen terminals and
On Thu, Jul 04, at 01:26AM, Sampo Syreeni wrote:
| I can't see a market defined as anything else than private property and
| voluntary exchange.
|
| Then you really must be blind. Markets not based on private property or
| volition abound. The political process is one of them.
On Wed, 3 Jul 2002, Anonymous wrote:
Ignoring market failures (such things as public goods and
externalities), markets are efficient in the sense that they produce a
Pareto optimal outcome.
Even if you neglect market failures in the usual sense, an outcome such as
everybody becoming a slave to
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