Copyright terms being limited is basically "inflation" -- you will lose your IP over time so as long as you have it you gotta use it or lose it The longer copyright lasts and the more expectation IP holders have of extension, the slower the "inflation" is
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Replying to @arthur_affect @Tom_Scribbler and
And "low inflation" leads to the same dysfunction with IP that it does with money -- incentivized hoarding, soaring wealth inequality, a "recession" in new ideas
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Replying to @arthur_affect @Tom_Scribbler and
"hoarding" is not the issue per se. Have to consider why we hold money in the first placehttps://mises.org/library/yield-money-held-reconsidered …
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Replying to @stephanlivera @Tom_Scribbler and
I do not have to consider that and refusing to consider things from the Von Mises Institute is in fact a wise and healthy decision
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Replying to @arthur_affect @Tom_Scribbler and
If you don't think through why we hold money to begin with, you're unable to make coherent argument for why 'hoarding' is bad
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Replying to @stephanlivera @Tom_Scribbler and
I have, in fact, been through this argument many, many times before since I was in college and found it in the end a profound waste of my time and energies that has done nothing for my growth as a human being So no
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Replying to @arthur_affect @Tom_Scribbler and
If you're so well versed in this, why aren't you making a coherent argument then? Bare assertions aren't enough to carry the day
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Replying to @stephanlivera @arthur_affect and
If you can't understand Arthur's argument, that's on your reading comprehension not his ability. But then, you went to the fucking Von Mises institute so... no big surprise there.
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Replying to @Tom_Scribbler @stephanlivera and
This dumbass article does the same dumb shit all Austrian School wackjobs do and just assumes "the market" is something that magically happens and accurately reflects "underlying economic realities" because the laws of nature demand it
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Replying to @arthur_affect @Tom_Scribbler and
Yes, cash hoarding is a "rational" response to uncertainty It then *creates* more uncertainty -- you hoarding your cash means everyone else connected to you is now uncertain about when or how you will spend it Then *they* hoard *their* cash It's an uncertainty feedback loop
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It's the most obvious fucking thing and you trying to be nice to the original cash hoarder and, like, stand up for him and say "He's not being selfish, he's rationally responding to uncertainty!" doesn't *change* any of this
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Replying to @arthur_affect @Tom_Scribbler and
It's just the econ version of the Lifetime movie shit about how being afraid of commitment is a self-fulfilling prophecy -- if you never commit to a relationship then you will never ever find a relationship worth committing to, because *you are a member of that relationship*
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Replying to @arthur_affect @Tom_Scribbler and
And if you don't commit to the relationship because you're not sure where it's going then it's guaranteed to go nowhere, because without you participating in it, it doesn't exist This is therapy 101 stuff and if you multiply it by 10 million it becomes econ 101
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