[ via The Knowledge Problem ] Jane Galt discusses the spam problem in the context of the Coase Theorem, and finds:
In short, there isnÃt (gasp) a market based solution [to spam], and short of a technological breakthrough that either significantly lowers transaction costs, or improves filtering to the point where spammers wonÃt bother, there wonÃt be.
Meanwhile, when economics fails, there’s aways Lisp.
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