Cormac Lucey's reasons to vote against the proposed Fiscal Compact in the upcoming referendum

'The data simply doesn’t suggest that piracy is causing any serious economic harm to the US economy or the entertainment industry. Heavy-handed approaches to preventing piracy are wrong-headed and reveal a dangerous level of short-term thinking on the part of both lawmakers and industry leaders. Worse, the impetus to crack down on piracy is based largely on industry data that wildly inflates the problem.'

'There's no evidence that the US is currently suffering from an excessive amount of online piracy, and there is ample reason to believe that a non-zero level of copyright infringement is socially beneficial. Online piracy is like fouling in basketball. You want to penalise it to prevent it from getting out of control, but any effort to actually eliminate it would be a cure much worse than the disease.' Good description of 'dead weight loss' and the consumer pressure on the industry that illegal competition poses

some incredible stories -- pretty mind-boggling stuff, I'm amazed people stuck around

bank runs appear to be a hot topic at the moment