#449: The Hidden Digital Wealth In Your Pocket

We have secondary markets for almost everything. If you no longer want that old record or CD, you can sell it to a thrift store, used record store, or on Craigslist or eBay.But what about songs from your iTunes library you no longer want?Today on the show, the story of a company that tried to set up an online marketplace where people can buy and sell old mp3s, and what happened to them. It involves a law from 1976, a phonorecord, and a judge that quotes Star Trek.For more on the legal arguments around selling used digital media:Is It Legal To Sell Your Old MP3s?Update: Is It Legal To Sell Your Old MP3s? Judge Says No.*Lawyer Rick Sander blog.Bill Rosenblatt's blog, "Copyright and Technology."