AI Snips
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Episode notes
The Baker And The Smell
- A folk tale describes a baker accusing a poor man of 'stealing' the smell of baked goods and taking his money until the judge revealed the absurdity.
- The judge returned the money to the poor man and scolded the baker that he lost nothing when the man smelled the goods.
Ideas Are Nonrival Goods
- Private property motivates upkeep and investment because owners capture the returns of improvements.
- Ideas differ because sharing an idea increases its value rather than depleting it.
Copyright's Purpose Is Time-Limited
- The US Constitution grants creators limited exclusive rights to promote progress in science and useful arts.
- Copyrights were designed as a timed incentive to encourage creation then return works to the public domain.