DeCSS, crypto, law, and economics
James A. Donald
jamesd at echeque.com
Wed Jan 8 12:52:05 EST 2003
--
It is easy to imagine situations where some government
intervention will improve efficiency. But who will lobby for
such interventions?
Of course, situations where government interventions will
create monopoly profits at the expense of considerable loss of
efficiency are far more common, and have lobby groups.
Thus whenever some clever economist claims to have discovered a
situation of the first kind, chances are it is a situation of
the second kind, thinly disguised.
--digsig
James A. Donald
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ycWZHQlgKti6MMd4J3O4W7WPmUH38C4yaakLV93r
4w2zz8RnIPwcoBeYSdkQfFKWGB5DFqTtDR+iru6cQ
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