costless

They found that costless approaches generally resulted in a positive stock market reaction, and contrary to expectations, losses from not investing as much up-front in building up product hype could be compensated after the release.

“It would be literally costless for Congress to pass a law saying, ‘we now adopt the rule of the shorter term,’ which would throw a butt ton of works into the public domain over here.”

Ms. Schrager said another factor may be driving the payout push: years of low-interest rates that made borrowing money virtually costless.

If the poor had a costless way to access their own money, over a billion dollars would have remained in their pockets during the pandemic-induced recession.

“Taxpayers know it is not a costless gesture,” he added.