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[code] tag that might exhibit this behavior, but that's not how the HTML tag works. <code> here in a semantic manner, to indicate computer code or computer-generated text. As pb said, it's not supposed to translate < into <. And it's useful to put some additional emphasis, like a bold font-weight, into some code when you're pointing out a particular thing. So I'd definitely dislike that part of it.
posted by Blazecock Pileon at 1:56 PM on January 19