Published Apr 14, 2023

Friday Flight - AI Tax Help, Lawless Libraries, & Mortgaged Forevermore #657

    Delve into the impact of AI on finance, the court challenges facing libraries in the digital age, and the rise and risks of long-term mortgage options, as hosts examine how these developments could shape financial and economic landscapes.
    Episode Highlights
    How to Money logo

    Popular Clips

    Episode Highlights

    • Digital Lending

      The recent court ruling against digital lending practices by libraries has sparked significant concern. Matt Altmix and Joel Larsgaard discuss how this decision could make it more difficult and expensive for libraries to provide digital media, such as ebooks and audiobooks, to their patrons. Libraries, which have been using apps like Libby and Hoopla to offer digital content, may face increased costs due to the need to purchase expensive digital editions instead of digitizing physical books they already own 1. This ruling could constrain library budgets further, limiting their ability to meet the growing demand for digital resources 2.

      Libraries wanted the ability to digitize physical books that they currently have in printed form instead of buying more expensive, newer digital editions.

      --- Matt Altmix

      The hosts express concern that this decision will negatively impact library services and accessibility for the community.

         

      Access & Economics

      Exploring alternatives for accessing library resources, Matt Altmix and Joel Larsgaard highlight the option of joining out-of-district libraries for a fee. Libraries like Houston and Queens offer memberships for $40 to $50, potentially providing more digital content 3. However, this approach doesn't address the core issue of local library resource limitations. The hosts also discuss the economic implications of kids' meals, suggesting that splitting adult entrees might offer better value than purchasing overpriced kids' meals 4.

      If you're looking for other ones, not being read by someone awesome like that, then, yeah, you go for the physical copy if you want to get it more quickly.

      --- Joel Larsgaard

      These discussions underscore the need for strategic financial decisions in both library access and everyday expenses.

    Related Episodes