4 Matching Annotations
  1. Jun 2023
    1. All digital transitions have had losers, some of whom we may care about more than others. Musicians seem to have a raw deal in the streaming age, receiving fractions of pennies for streams when they used to get dollars for the sales of physical media. Countless regional newspapers went out of business in the move to the web and the disappearance of lucrative classified advertising. The question before society, with even a partial transition to digital books, is: Do we want libraries to be the losers?

      Will libraries have the same problems with the digital transition that music and journalism have had?

  2. May 2023
  3. Mar 2023
    1. The old saying "a bad penny always turns up" is a colloquial recognition of Gresham's Law.

      The colloquialism "a bad penny always turns up" is recognition of Gresham's law because the bad (cheap) pennies will be in higher circulation compared with purer or more valuable copper pennies which will have been hoarded or left circulation.