Coase and the Spam Problem

[ 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.

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