[ via The Knowledge Problem ] Jane Galt discusses the spam problem in the context of the Coase Theorem, and finds:
In short, there isnít (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 wonít bother, there wonít be.
Meanwhile, when economics fails, there’s aways Lisp.
