Displacement current is not always equal to conduction current; it is a component of Maxwell's equations, specifically the Ampere-Maxwell Law. This law describes the relationship between electric fields, magnetic fields, and current densities. The discussion highlights the need for context when comparing displacement and conduction currents, as they serve different roles in electromagnetic theory. Participants are encouraged to provide specific examples to clarify their understanding of the relationship between these two types of currents. Understanding the distinction is crucial for grasping the fundamentals of electromagnetism.