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Old 01-27-2012, 03:47 PM   #1
BeccaPrice
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the cost of piracy is vastly overrated

http://www.cato-at-liberty.org/how-c...-con-congress/

"The $200–250 billion number had originated in a 1991 sidebar in Forbes, but it was not a measurement of the cost of “piracy” to the U.S. economy. It was an unsourced estimate of the total size of the global market in counterfeit goods. "

"The 750,000 jobs number had originated in a 1986 speech (yes, 1986) by the secretary of commerce estimating that counterfeiting could cost the United States “anywhere from 130,000 to 750,000″ jobs. Nobody in the Commerce Department was able to identify where those figures had come from."
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