Speaking at a July 17 discussion hosted by the Congressional Internet Caucus on music streaming and Congress’ role in the world of music licensing, caucus Advisory Committee Executive Director Tim Lordan cited R Street Innovation Policy Director Mike Godwin’s characterization of the market as “fractally complex.”

It’s entirely possible that you could take a four-credit course, at Georgetown or at GW and — the entire semester — maybe not really, really understand this entire marketplace.  You can, if you’re an economics major, you might want to do your PhD thesis on the rate-setting aspect of it alone, and you probably still wouldn’t even understand fully this entire complex space. Mike Godwin from the R Street Institute wrote a piece and tried to break down the music rates and said it’s ‘fractally complex,’ and I think that’s a really good description. We are not going to get anywhere near that complexity. We’re going to try to keep it high level.

You can watch that clip here, or the full discussion here.

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