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I see nothing wrong with your equation above, and it represents a
generalization of current from simply being charges in motion.
... . But Displacement
current is quite real, because it has manifestly physical effects. It is a
source of real magnetic fields that have physically observable effects on
compass needles; Therefore it is not *only* and *purely* a mathematical
crutch.
Displacement current is not virtual and is not made up; it has physically
observable affects and consequences.