The single hardest economic problem posed by the internet is the end of scarcity.

Nilay Patel rebuts Taylor Swift in explaining how the Internet makes music value-less precisely because it’s not rare.

In the digital music age, all that’s needed is an inventory of one. And that’s why we collect so much and let our digital items collect dust.

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By Wells Baum

Wells Baum is a daily blogger who writes about Life & Arts. He's also the author of four books.

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