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The Liquidity of Information

August 14, 2010

It’s easy to confuse secrecy with control. The belief that if only you know something then you possess some sort of edge over the less knowledgeable is not only intuitive it’s reinforced all the time in daily life. The idea that certain information is more valuable the less people that know it isn’t exactly novel. What’s strange is that we often observe the exact opposite to also be true: in many situations it seems that information wants to be free. That is, sometimes information is more valuable the more people have it.

So which is it?

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