KOL475 | Guest Lecture: Intellectual Property: Principles of Austrian Economics II | ECON104 (Saifedean Ammous and Saylor Academy)

Kinsella on Liberty Podcast, Episode 475. This is my guest lecture for Saifedean Ammous's course Principles of Austrian Economics II | ECON104 (recorded May 7, 2020, I believe), also now on Saylor Academy. Transcript and summary and other notes below. KOL441 | The Bitcoin Standard Podcast with Saifedean Ammous: Legal Foundations of a Free Society, Property Rights, Intellectual Property KOL314 | Patents vs. Bitcoin: The Bitcoin Standard Podcast (Saifedean Ammous) https://youtu.be/02wY_qL0qRU?si=HU40GGg8xu6Wfn3U GROK SUMMARY Summary of Economics 12 Seminar: Intellectual Property Discussion with Stephan Kinsella Introduction to Intellectual Property and Scarcity Timestamp: 0:01 In the ninth discussion seminar of Economics 12, Principles of Economics 2, host Saifedean Ammous introduces guest discussant Stephan Kinsella, who has written extensively on intellectual property (IP) and its justifications. The lecture focuses on Kinsella’s paper, which explores the legitimacy of property rights and why IP lacks a coherent basis. Ammous highlights the core issue of scarcity: property rights manage scarce resources, but ideas, being non-scarce, cannot be owned without controlling others’ bodies or property, violating individual rights. This is described as a “kill shot” to IP arguments, though other critiques are also explored. Utilitarian and Natural Rights Arguments Against IP Timestamp: 3:07 Stephan Kinsella elaborates on the incoherence of IP, arguing that information is a characteristic of owned resources, not property itself. Claiming ownership over ideas, like owning the “redness” of a ball, would absurdly grant control over others’ property. He traces IP’s origins to Locke’s labor theory of property, which confuses action with ownership, leading to flawed justifications by Ayn Rand and others. Kinsella critiques the utilitarian argument that IP stimulates innovation, noting the U.S. Constitution’s temporary monopoly grants were based on unproven assumptions. He argues that 200 years of data fail to show IP’s net benefit, with studies suggesting it distorts or depresses innovation. Empirical Weaknesses and Market Failures Timestamp: 7:44 Kinsella challenges the empirical case for IP, pointing out that proponents assume a market failure in innovation without government intervention. However, studies are inconclusive or show patents hinder innovation, costing billions annually in the U.S. alone. He criticizes reports like the Commerce Department’s, which claim IP-intensive industries drive GDP, for mistaking correlation with causation. Ammous adds that academic theoretical models often support IP without empirical backing, relying on simulated universes to justify claims of increased innovation, further highlighting the lack of real-world evidence. Alternative Business Models Without IP Timestamp: 19:13 Ammous argues that the assumption IP is essential for creators’ income reflects limited imagination. Musicians, for instance, earn most of their income from concerts and sponsorships, not record sales, as seen with artists from local bands to superstars like Madonna. Platforms like SoundCloud and YouTube allow free music distribution, boosting popularity and concert attendance, as evidenced by Iron Maiden’s use of BitTorrent data for tour planning. Authors can profit from physical books, courses, or speaking engagements. Without IP, lower legal costs would reduce prices, benefiting consumers and producers, with first-mover advantages and reputation sufficing for profitability. Trade Secrets and Regulatory Impacts Timestamp: 27:44 Kinsella discusses trade secrets as an alternative to patents, noting that patent law encourages disclosure over secrecy, undermining natural market advantages. The FDA’s regulatory system exacerbates this by requiring public disclosure during drug approval, negating trade secret benefits and justifying patents. He argues that removing both systems would allow trade secre...

Kinsella on Liberty Podcast, Episode 474. “Where The Common Law Goes Wrong,” 2025 Annual Meeting, Property and Freedom Society, Bodrum, Turkey (Sep. 19, 2025). This will also be podcast later on the Property and Freedom Podcast. Below are my notes, Shownotes provided by Grok, and the transcript. This recording is from my iphone. Professional recording and video will be uploaded later. See also Sebastian Wang, "Stephan Kinsella on the Common Law: Lessons from Bodrum 2025," Libertarian Alliance [UK] Blog (Sep. 19, 2025). Pix. Grok Shownotes Show Notes: Stephan Kinsella’s “Where the Common Law Goes Wrong” – Property and Freedom Society 2025 Annual Meeting Introduction and Context Stephan Kinsella delivered his talk, “Where the Common Law Goes Wrong,” at the Property and Freedom Society’s 2025 Annual Meeting in Bodrum, Turkey, on September 21, 2025. Introduced by Hans-Hermann Hoppe, who shared a brief anecdote about media bias in translating Donald Trump’s interactions, Kinsella’s presentation revisits themes from his earlier PFS talks in 2012 and 2021, focusing on the interplay between libertarian principles, Roman law, and the common law. Drawing on his recent work, including the Universal Principles of Liberty (co-authored with Alessandro Fusillo, David Dürr, FreeMax, and Patrick Tinsley, under Hoppe’s guidance), Kinsella emphasizes the organic development of law and critiques the modern tendency to equate law with legislation. He humorously recounts preparing for the talk with his trainer, who mistook “common law” for “common law marriage,” highlighting the need to clarify legal concepts for a broader audience. Defining Law and Its Evolution Kinsella begins by distinguishing types of law: descriptive (e.g., laws of physics, economics) and normative (e.g., moral codes, legal systems). Legal laws, he argues, blend normative guidance with descriptive consequences, aiming to achieve justice through property rights. He contrasts the modern view of law as statutory decrees—illustrated by tax protesters demanding to “show me the law”—with its historical roots in decentralized systems like Roman law (500 BC–565 AD) and English common law (1066–present). These systems evolved organically through court decisions, with Roman law preserved in Justinian’s Corpus Juris Civilis and later rediscovered in Bologna around 1070, influencing European civil codes. Kinsella notes that post-1789 democratic shifts and bureaucratic growth led to an explosion of legislation, overshadowing these private law traditions. Roman Law vs. Common Law The talk explores why Anglo-American scholars, like Hayek and Leoni, often praise the common law’s spontaneous order while overlooking Roman law’s similar decentralized origins. Kinsella cites Hoppe’s observation, from Democracy: The God That Failed, that the common law’s non-codified nature may serve lawyers’ interests by making it less accessible to laypeople, unlike Europe’s clearer civil codes. He refutes the misconception that civil law systems inherently embody totalitarian principles (“all that is not permitted is forbidden”), attributing Europe’s socialism to separate legislation, not civil codes. Both Roman and common law, Kinsella argues, offer valuable insights for libertarians, despite the former’s neglect in free-market scholarship. Libertarian Law and Rationalism Critique Kinsella critiques the rationalistic tendency among libertarians to design top-down “libertarian law codes,” as exemplified by Rothbard’s hope for a comprehensive code in The Ethics of Liberty. Such approaches, he argues, ignore context and the limits of deductive reasoning, echoing Hayek’s critique of constructivist rationalism. Law, as a practical response to scarcity and conflict, developed through real-world judicial decisions over centuries. Kinsella suggests that libertarian law should evolve organically, using Roman and common law as starting points, guided by principles like non-aggression but subject to s...

Kinsella on Liberty Podcast: Episode 473. https://youtu.be/soyywXASOh4?si=pHKdf6awiCXOqXGV From The White Pillbox, Stephan Kinsella's Universal Principles of Liberty. This is my discussion with Mark Maresca, of The White Pillbox, about The Universal Principles of Liberty. (Previous episode: Kinsella as “White Pill”: Maresca, “From the White-PillBox: Part 29. Achilles Heel edition 3”.) Mark's shownotes: Recently Stephan published an exciting document, the Universal Principles of Liberty: https://stephankinsella.com/principles/ Stephan provides some background that led to the Principles, historical context, use cases, and so much more. As always, Stephan demonstrates why he is a true human White Pill. He even challenged me to White Pill him, on my reasoning behind why true free societies may be coming sooner than we think. Some of his key publications: International Investment, Political Risk, and Dispute Resolution (Oxford, 2020): http://www.kinsellalaw.com/iipr/ Against Intellectual Property (Mises Institute, 2001): http://c4sif.org/aip/ Legal Foundations of a Free Society (Papinian Press, 2023): https://stephankinsella.com/lffs/ Links to other topics we covered in this episode... The Law, by Frederic Bastiat: https://store.mises.org/The-Law-P408.... For a New Liberty, by Murray N. Rothbard: https://store.mises.org/For-a-New-Lib... Human Action, by Ludwig von Mises: https://store.mises.org/Human-Action-... The Remnant, from Isaiah's Job, by Albert J. Nock: https://mises.org/mises-daily/isaiahs... The Property and Freedom Society: https://propertyandfreedom.org/ Grok shownotes and transcript below. Grok Shownotes Overview of the Discussion The episode of the White Pillbox features host Mark Maresca interviewing Stephan Kinsella, a prominent intellectual property attorney and libertarian writer from Houston. Recorded on September 06, 2025, the conversation delves into Kinsella's latest work, the "Universal Principles of Liberty," a document aimed at articulating a coherent framework for libertarian principles. This discussion provides listeners with an insightful exploration of libertarian thought, emphasizing practical applications and philosophical underpinnings in the context of transitioning to a freer society. Background on Universal Principles of Liberty Kinsella explains the genesis of the "Universal Principles of Liberty," highlighting his involvement in various libertarian projects, including attempts to draft constitutions for new nations like Liberland. He critiques the traditional concept of constitutions as state-authorizing documents, advocating instead for a statement of principles that avoids legitimizing governmental authority. The project evolved from his earlier work, such as the "Fundamental Principles of Justice," and was collaboratively refined with contributions from attorneys Pat Tinsley, Aleandro Fusillo, David Durr, and oversight from Hans-Hermann Hoppe, reflecting a broad consensus on core libertarian values. Core Libertarian Principles The core of the "Universal Principles of Liberty" rests on four key principles: self-ownership, original appropriation (homesteading), contract, and rectification. Kinsella argues these principles, derived from Roman and English common law, offer a decentralized, organic approach to law that contrasts with statutory legislation. He emphasizes that libertarianism, as a consistent application of these private law principles, rejects state-imposed exceptions like taxation or sovereign immunity, providing a foundation for a free society that can adapt through judicial interpretation rather than legislative fiat. Practical Applications and Flexibility Kinsella discusses the document's practical use as a "guard rail" for free territories or communities, such as Liberland or Prospera in Honduras, where it could guide development and judicial decisions without mandating a top-down structure. The principles are designed to be flexible,

Kinsella on Liberty Podcast: Episode 470. From my appearance on the Ayn Rand Fan Club with Scott Schiff and William. Their Shownotes: Patent attorney, Libertarian & Ayn Rand fan Stephan Kinsella joins William & Scott to talk about his history in the liberty world and his unique view that property rights should only pertain to physical things, and not to intellectual property. They also talk about Elon Musk opening his patents and the effects of IP law on AI. https://youtu.be/ax-QhyTGxw0?si=MyuQF4TfdeJQpQND Related: Classical Liberals, Libertarians, Anarchists and Others on Intellectual Property “The Death Throes of Pro-IP Libertarianism” (Mises Daily 2010) Yet another Randian recants on IP An Objectivist Recants on IP Pro-IP “Anarchists” and anti-IP Patent Attorneys Patent Lawyers Who Oppose Patent Law “The Four Historical Phases of IP Abolitionism” “The Origins of Libertarian IP Abolitionism” The Problem with Intellectual Property A Selection of my Best Articles and Speeches on IP Grok shownotes: Episode Overview In this episode of the Ayn Rand Fan Club, hosts Scott Schiff and William Swig engage in a thought-provoking discussion with Stephan Kinsella, a retired patent attorney, author, and libertarian thinker with a deep background in Ayn Rand’s Objectivism. The conversation delves into Kinsella’s journey from Objectivism to anarcho-capitalism, his critical stance on intellectual property (IP), and his broader views on libertarian principles. Recorded on August 18, 2025, the episode explores the philosophical and practical implications of IP laws, their impact on innovation, and their compatibility with property rights, while also touching on contemporary libertarian movements. Stephan Kinsella’s Background and Philosophical Evolution Kinsella shares his personal journey, starting with his introduction to Ayn Rand’s The Fountainhead in high school, which sparked his interest in Objectivism. Initially a “hardcore Objectivist” for eight years, he later gravitated toward Austrian economics and anarcho-capitalism, influenced by thinkers like Ludwig von Mises and Murray Rothbard. As a patent attorney in Houston, Texas, Kinsella began questioning the validity of IP laws in the early 1990s, finding existing justifications—whether utilitarian or Objectivist—unsatisfactory. His career as a patent lawyer, paradoxically, coincided with his growing opposition to the patent and copyright system, which he argues violates fundamental property rights. Critique of Intellectual Property Kinsella’s primary critique of IP centers on its violation of tangible property rights. He argues that patents and copyrights impose non-consensual restrictions, or “negative servitudes,” on how individuals can use their own property, such as a printing press or factory. Drawing from libertarian principles, he contends that property rights should stem from homesteading or contract, not state-granted monopolies. Kinsella rejects both utilitarian arguments (e.g., IP promotes innovation) and natural rights arguments (e.g., creators inherently own their ideas), asserting that there’s no empirical evidence for underproduction of creative works without IP and that the concept of owning labor or ideas is flawed, rooted in a misinterpretation of John Locke’s labor theory. Trademark, Defamation, and Reputation Rights The discussion extends to trademark and defamation laws, which Kinsella also opposes. He explains that trademark law, originally intended to prevent consumer fraud, has evolved into a “reputation right” that protects brands like Rolex or Chanel from dilution, even absent deception. He argues that fraud laws already suffice to address deceptive practices, rendering trademark law unnecessary. Similarly, Kinsella rejects defamation laws, asserting there’s no property right in one’s reputation, as it’s merely others’ opinions. He distinguishes incitement to violence as a separate issue,

Kinsella on Liberty Podcast: Episode 469. Related: Tabarrok and Murphy: Why Are US Drug Prices So High? Pharmaceutical Shills and Think Tank Corruption: Sally Pipes’s The World’s Medicine Chest: How America Achieved Pharmaceutical Supremacy―and How to Keep It This is my appearance on Adam Haman’s podcast and Youtube channel, Haman Nature (Haman Nature substack), episode HN 149, “Free The DRUGS! Stephan KINSELLA Counters Economist Alex TABARROK On Price Controls | Hn 149” (recorded June 25,  2025). Tabarrok seems to be generally pro-free market and an Austrian or fellow traveler. However, although he sometimes criticizes existing IP law, he is not opposed to intellectual property (IP), unlike all the cool Austro-libertarians. (( The Death Throes of Pro-IP Libertarianism. )) And he often proposes changes to IP law—sometimes outrageously goofy ones, such as his truly insane idea of replacing the patent system with $3.5 trillion worth of taxpayer subsidies (if you take his logic for a taxpayer funded "medical innovation price fund" to its limit apply it to all forms of patented innovation and other forms of IP like copyright) (( $30 Billion Taxfunded Innovation Contracts: The “Progressive-Libertarian” Solution; Libertarian Favors $80 Billion Annual Tax-Funded “Medical Innovation Prize Fund; What's Worse: $80 Billion or $30 Million?. )) or based on simplistic assertions or confusions like the idea that we can empirically know that we are on the "wrong side" of the optimal patent term length on his ridiculous "Tabarrok Curve." (( Tabarrok: Patent Policy on the Back of a Napkin; The Overwhelming Empirical Case Against Patent and Copyright; Optimal Patent and Copyright Term Length. )) So even though he's not against IP and thus not a very good libertarian, and he's not a Misesian since he seems to think utility is cardinal, measurable, and knowable, (( "The Problem with Intellectual Property" (2025), Part III.B.2. )) and he’s not an IP law expert either, he keeps trotting out proposals to “reform” IP, such as, I guess, banning free trade or urging that the US engage in IP imperialism to twist the arms of other countries like Australia (see below) to adopt the stronger US patent protections that Tabarrok seems to want to reform. (( See various posts on US style IP Imperialism. )) Read more at Tabarrok and Murphy: Why Are US Drug Prices So High? ... Shownotes, links, grok summary, and transcript below. https://youtu.be/gNRsjF3UXT4?si=2T9-4aE3cMPRoMD1 GROK SUMMARY: In the Haman Nature episode featuring patent attorney and libertarian legal theorist Stephan Kinsella, hosted by Adam Haman, the discussion centers on the high cost of prescription drugs in the United States and the misconceptions surrounding proposed solutions, including critiques of arguments made by economist Alex Tabarrok. Kinsella challenges the notion that former President Trump’s executive order would effectively lower drug prices, arguing that the issue stems from a complex interplay of government regulations, subsidies, and intellectual property (IP) laws, particularly pharmaceutical patents. He disputes the idea that other countries "free ride" on a supposed U.S. "free market" system, emphasizing that the U.S. pharmaceutical industry is far from a free market due to patent-driven monopolies that inflate prices and restrict competition. Kinsella’s critique, informed by his extensive work on IP (e.g., his discussions in the Kinsella on Liberty Podcast, Episode 469, and articles on c4sif.org), highlights how these monopolies distort market dynamics and prevent natural price equalization through arbitrage across borders. The conversation also addresses Tabarrok’s arguments, as discussed in his interview with Bob Murphy, particularly the concept of the "Tabarrok Curve," which posits an optimal level of IP protection to maximize innovation. Kinsella rejects this, asserting that pharmaceutical patents are not the definitive case for IP nece...

Kinsella on Liberty Podcast: Episode 467. I was asked one Juani (@witheredsummer), an Argentinian Voluntarist, on Twitter and then later via email, to review his draft article "Ideas Are Free: A Case Against Intellectual Property" (text below) (I note that perhaps ironically, this title is almost identical to one of my own previous publications/speeches, Ideas are Free: The Case Against Intellectual Property: or, How Libertarians Went Wrong). I told him it was too long for me to fisk, got Grok to analyze it (see below), and told him to read up on some of my work and review the analysis, so that we could have a more productive conversation about it, and which I could also at least record for my podcast. This is our discussion. In the end, he didn't really have many questions and I think he just wanted to vent about how bad IP is and express frustration at out outrageous and harmful it is. And suggest some ways to get through to people and propose reforms. Things I already knew and have been writing about for 30 years. He basically identifies many problems with and absurdities with IP law ... which he's right about and which I've mentioned ... and comes up with some proposals for IP reform that would reduce its harm. Again, which he's right about and which I and others have also proposed, but also which are unlikely to be adopted by those infested with the IP mind-virus. Not really sure what the point of this was, but here it is FWIW. https://youtu.be/AS-8mFZGfnI GROK SHOWNOTES: [0:00-15:00] In this episode of the Stephan Kinsella podcast (KOL467), host Stephan Kinsella engages with Juani from Argentina to discuss intellectual property (IP) and its implications, particularly in the context of artificial intelligence (AI). Juani, a programmer and self-described libertarian, shares his consequentialist critique of IP, influenced by Kinsella’s work and his own essay, "Ideas for Free: A Case Against Intellectual Property." The conversation begins with Juani outlining his concerns about IP’s practical harms, such as its impact on innovation and culture, and transitions into a discussion about AI. They explore how AI’s reliance on vast datasets, often containing copyrighted material, raises legal questions about copying, authorship, and derivative works. Kinsella highlights the tension between copyright law and AI development, noting that current laws could stifle AI’s potential by limiting data access or imposing costly licensing requirements. [15:01-1:37:33] The discussion deepens into specific examples of IP’s negative effects, including cultural erasure through Disney’s sanitized retellings of historical figures like Pocahontas and Mulan, and the economic burdens of pharmaceutical patents, which restrict access to life-saving drugs in poorer nations. Juani argues that IP acts as a form of censorship and reinforces wealth disparities, citing cases like patent trolling and the high cost of educational materials in developing countries. Kinsella agrees, emphasizing that IP distorts markets and innovation, and suggests that copyright’s harm to AI development may rival its threat to internet freedom. Toward the end, Juani proposes a reform to replace IP exclusivity with a decaying royalty system, which Kinsella views skeptically, arguing that entrenched IP proponents will resist any reduction in rights. The episode concludes with reflections on piracy, the success of platforms like Steam, and the cultural shift toward viewing copying as less harmful, signaling a potential change in public perception of IP.   Youtube Transcript and detailed Grok shownotes below. Related: KOL466 | On IP Reform and Improving IP law FDA and Patent Reform: A Modest Proposal “Absurd Arguments for IP” “The Patent, Copyright, Trademark, and Trade Secret Horror Files” Boldrin & Levine on Covid-19, Vaccines, the Pharmaceutical Industry, and Patents Patents and Pharmaceuticals

Kinsella on Liberty Podcast: Episode 466. https://youtu.be/JAwxQTrPDII Re .@NSKinsella has proposed a number of patent reforms if we decide as a society not to abolish the patent system. This is, in my view, a more plausible way forward (politically) instead of demanding the abolition of patents.https://t.co/q3a0U2HQJ6 In this annotated extract, I… https://t.co/Jm36N2kjxa pic.twitter.com/Fs1caiVven — Sanjeev Sabhlok (@sabhlok) June 4, 2025 Sabhlok's markup of my proposals: See How to Improve Patent, Copyright, and Trademark Law and “Reducing the Cost of IP Law,” Mises Daily (2010). See also Tabarrok’s Launching the Innovation Renaissance: Statism, not renaissance How to Improve Patent, Copyright, and Trademark Law by Stephan Kinsella on February 1, 2011 [From my Webnote series] This is included as ch. 41 of Stephan Kinsella, ed., The Anti-IP Reader: Free Market Critiques of Intellectual Property (Papinian Press, 2023). See also proposals for reform in “Reducing the Cost of IP Law”; also Do Business Without Intellectual Property (Liberty.me, 2014); KOL164 | Obama’s Patent Reform: Improvement or Continuing Calamity?: Mises Academy (2011). And FDA and Patent Reform: A Modest Proposal *** From my Mises blog post a year ago: How to Improve Patent, Copyright, and Trademark Law Archived comments (below) January 13, 2010 by Stephan Kinsella As I note in my article “Radical Patent Reform Is Not on the Way,” Mises Daily (Oct. 1, 2009), there is a growing clamor for reform of patent (and copyright) law, due to the increasingly obvious injustices resulting from these intellectual property (IP) laws. However, the various recent proposals for reform merely tinker with details and leave the essential features of the patent system intact. Patent scope, terms, and penalties would still be essentially the same. In the second article of this two-part series, “Reducing the Cost of IP Law,” Mises Daily, published today, I propose various reforms to the existing patent system–short of abolition–that would significantly reduce the costs and harm imposed by the patent system while not appreciably, or as significantly, reducing the innovation incentives and other purported benefits of the patent system. I list these changes below in generally descending order of importance, without elaboration, as they are discussed further in “Reducing the Cost of IP Law”: Patent Law Reduce the Patent Term Remove Patent Injunctions/Provide Compulsory Royalties Add a Royalty Cap/Safe Harbor Reduce the Scope of Patentable Subject Matter Provide for Prior-Use and Independent-Inventor Defenses Instantly Publish All Patent Applications Eliminate Enhanced Damages Add a Working/Reduction to Practice Requirement1 Provide for Advisory Opinion Panels Losing Patentee Pays Expand Right to Seek Declaratory Judgments Exclude IP from Trade Negotiations [update: add a fair-use defense2 reinvogorate the reverse doctrine of equivalents defense ] Other Changes Increase the threshold for obtaining a patent Increase patent filing fees to make it more difficult to obtain a patent Make it easier to challenge a patent’s validity at all stages Require patent applicants to specify exactly what part of their claimed invention is new and what part is “old” (e.g., by the use of European-style “characterized in that “claims) Require patent applicants to do a search and provide an analysis showing why their claimed invention is new and nonobvious (patent attorneys really hate this one) Limit the number of claims Limit the number of continuation applications Remove the presumption of validity that issued patents enjoy—e.g. a utility model or “petty patent” system, in which patent applications are examined only minimally and receive narrower protection; this type of IP right is already available in some countries) (( Reducing the Cost of IP Law; Tabarrok’s Launching ...

Kinsella on Liberty Podcast: Episode 465. On stupid and confused "thickism" see various posts under tag thickism, and Cory Massimino, "Libertarianism is More than Anti-Statism," C4SS (April 8th, 2014). GROK SHOWNOTES: [0:00–9:16] In this engaging episode of the Kinsella on Liberty podcast, Stephan Kinsella and Sheldon Richman tackle the contentious issue of pharmaceutical price controls under Trump’s executive order, questioning their equivalence to traditional price controls that distort markets. Kinsella, drawing on his extensive critique of intellectual property (Patents and Pharmaceuticals, 2023; Patents, Pharma, Government: The Unholy Alliance, 2024), argues that patents create artificial monopolies, so price controls countering these are not standard interventions but responses to government-granted privileges. Richman highlights FDA-imposed costs, which patents partially offset, though Kinsella counters that these costs are overstated, citing lower drug prices abroad (Drug Reimportation, 2009). They endorse reimportation as a market-based solution, referencing Connor O’Keefe’s analysis (Mises: How Trump Can Lower Drug Prices Without Price Controls, 2025), but criticize Trump’s coercive tactics as resembling a protection racket (Trump’s Worst Idea: Pharmaceuticals, 2025) (0:02–6:00). The discussion also critiques antitrust laws and secondary regulations, with Richman warning against Kevin Carson’s approach of layering controls atop privileges (Kevin Carson on Confiscating Property from the Rich, 2016) (6:00–9:16). [9:16–1:13:35] The conversation shifts to a robust defense of the corporate form, addressing left-libertarian criticisms of limited liability and shareholder responsibility. Kinsella, aligning with Robert Hessen’s contractual view and his own writings (Corporate Personhood, Limited Liability, and Double Taxation, 2011; Left-Libertarians, Corporations, Expropriating Stakeholders, 2008), argues that limited liability is not a privilege but a logical outcome of action-based responsibility, where shareholders are not liable unless causally responsible for torts (Van Dun on Freedom versus Property and Hostile Encirclement, 2009). Richman decries the pejorative use of “corporate” by figures like Roderick Long, rejecting claims that corporations inherently rely on state favoritism (Comment on Left-Libertarianism on Roderick Long’s Sub-Ex Dep Post, 2009) (9:16–36:01). They explore thick libertarianism, agreeing that individualism connects to broader values but remains distinct, and critique Walter Block’s evictionism on abortion, with Kinsella arguing fetuses are not trespassers due to maternal actions (Together Strong Debate with Walter Block, 2022) (36:01–1:13:35). A lighthearted discussion on pipe tobacco reflects their commitment to personal liberty, underscoring their broader libertarian principles (Wombatrons: Why I Am a Left-Libertarian, 2009). https://youtu.be/5YaTsoDH9Eg Grok detailed shownotes: Detailed Segment Summary for Show Notes Segment 1: Price Controls, Patents, and Reimportation (0:02–9:16) Description and Summary: Kinsella andMemphis-based Robert Hessen and Sheldon Richman discuss Trump’s pharmaceutical price control executive order, questioning its implications. Kinsella, per his writings (Patents and Pharmaceuticals, 2023; Patents, Pharma, Government: The Unholy Alliance, 2024), argues that patents create monopoly prices, so price controls countering these aren’t standard market distortions, as patents themselves are government-granted (IP vs. Antitrust, 2005). Richman notes FDA costs inflate drug prices, but Kinsella cites lower prices abroad to argue these costs are overstated (Drug Reimportation, 2009) (0:02–2:28). They advocate reimportation, citing Connor O’Keefe’s market-based approach (Mises: How Trump Can Lower Drug Prices Without Price Controls, 2025), and criticize Trump’s coercive tactics as a protection racket (Trump’s Worst Idea: Pharmaceuticals,

Kinsella on Liberty Podcast: Episode 464. I appeared on the new show Tyrant's Den a few days ago. It was released today (May 2, 2025) along with the other initial episodes. Chat GPT shownotes: In this engaging episode of The Tyrants' Den, host and guest delve into a wide-ranging discussion with Stephan Kinsella, a leading libertarian legal theorist and retired patent attorney. The conversation begins [0:01–7:20] with Kinsella’s background in patent law, where he candidly reflects on his anti-IP stance even while working within the IP system. He outlines how his libertarian beliefs shaped his legal career, how he avoided ethically troubling work like aggressive patent litigation, and how he transitioned to full-time libertarian scholarship, including his influential work on intellectual property and legal theory. As the episode unfolds [7:20–59:45], Kinsella explores the philosophical foundations of law from Roman and common law to natural law, and discusses international law, war crimes, and higher-law principles that transcend statutory frameworks. He articulates his estoppel theory of rights, critiques legal positivism, and examines proportionality in justice. Later segments address libertarian perspectives on immigration policy, property rights, and the influence of Kant on modern libertarian thinkers like Hans-Hermann Hoppe. Kinsella closes by recommending his book Legal Foundations of a Free Society [59:00–59:45], which compiles decades of his work on law, rights, and liberty. Grow shownotes: [00:00–15:00] In this episode of the Tyrants Den podcast, recorded on February 24, 2025, host Tyrell (The Liberty Tyrant) interviews Stephan Kinsella, a prominent libertarian thinker and retired patent attorney, to discuss law, rights, and Hans-Hermann Hoppe’s contributions to libertarian theory. Kinsella shares his unique perspective as an anti-intellectual property (IP) patent attorney, explaining how he practiced patent law for 30 years while advocating for the abolition of IP, viewing his role as akin to providing defensive tools for clients. He introduces Hoppe’s argumentation ethics, which defends libertarian norms like self-ownership and the non-aggression principle by arguing that denying them creates a performative contradiction in discourse. [15:01–59:45] The conversation explores Hoppe’s critique of the state as an aggressor and his vision for private, decentralized legal systems grounded in property rights. Kinsella discusses natural law, common law, and civil law, drawing on his experience in Louisiana’s civil law system and his international law studies. He explains his estoppel theory of rights, inspired by Hoppe and common law, which posits that aggressors cannot object to defensive force due to their prior actions, provided responses are proportional. The episode concludes with a discussion on immigration, where Kinsella proposes an invitation-based system to balance liberty and cultural concerns, and a plug for his book, Legal Foundations of a Free Society. Transcript and detailed shownotes below. https://youtu.be/B00FziQs3BU?si=-VENJyK6ylvdB_XH   ChatGPT Detailed Shownotes Detailed Summary with Time-Stamped Segments (Shownotes Body) [0:01–7:20] | Kinsella's Legal Career and Anti-IP Perspective Kinsella introduces his background as a patent attorney and libertarian. He explains how, despite opposing intellectual property, he practiced IP law ethically by avoiding aggressive enforcement work. Notes how libertarian theory shaped both his legal and writing careers. [7:20–11:20] | Foundations of Legal Systems: Roman vs. Common Law Discusses the difference between civil (Roman-based) and common law traditions. Explains Louisiana’s unique civil law system and its impact on his legal education. Outlines historical influences on modern legal systems, including international and merchant law.

Kinsella on Liberty Podcast: Episode 463. Update: See also KOL338 | Human Action Podcast Ep. 308 with Jeff Deist: Rothbard on Punishment, Property, and Contract and this Grok analysis of various problems with smart contracts including the fact that most loans are unsecured. A followup discussion with André Simoni of Brazil about some questions he had about applying my/Rothbard’s title-transfer. See also KOL457 | Sheldon Richman & IP; Andre from Brazil re Contract Theory, Student Loan Interest Payments, Bankruptcy, Vagueness, Usury. Grok Shownotes: 0:00–29:42] In this episode of the Kinsella on Liberty podcast (KOL463), Stephan Kinsella engages in a follow-up discussion with André Simoni from Brazil, building on their prior conversation with Sheldon Richman (KOL457). The dialogue begins with André revisiting his concerns about usury, fractional-reserve banking, and the nature of loan contracts, proposing a libertarian limit on interest rates to prevent exploitative lending practices that could lead to effective enslavement. He argues that modern financial systems, including fractional-reserve banking and fiat currency, are interconnected mechanisms designed to promote unsustainable economic activity, drawing insights from Doug French’s book Walk Away. Kinsella challenges André’s framing, particularly his view of loan contracts as bilateral exchanges, asserting instead that they are unilateral title transfers under Rothbard’s title-transfer theory of contract. The discussion delves into the impracticality of “smart contracts” and escrow-based performance bonds, highlighting the inherent uncertainties in contractual damages and future obligations. [29:43–1:39:34] The conversation shifts to a deeper exploration of risk, inalienability, and the moral hazards embedded in modern banking systems. André connects usury and fractional-reserve banking, arguing that banks exploit depositors and borrowers by offloading risk while profiting as intermediaries, creating a system akin to a Ponzi scheme propped up by state interventions like deposit insurance. Kinsella agrees that the current system is corrupt but emphasizes that in a free market with full disclosure, such practices would be unsustainable due to economic realities and the inability to insure against systemic risks. They discuss the legitimacy of loan contracts, with André expressing concern about contracts that shift excessive risk to borrowers, potentially violating inalienability principles. The episode concludes with a discussion on corporations and limited liability, with André suggesting that corporate structures exacerbate risk-shifting, while Kinsella defends the contractual basis of corporations, referencing his prior discussions with Jeff Barr (KOL414, KOL418). Links to further resources and a promise to continue the dialogue are provided.   Youtube Transcript and Detailed Grok Summary below. https://youtu.be/8AfTdeiDJD0 Links: Mercadente, The Illiberal Nature of Limited Liability: A Libertarian Critique Recent Grok conversation Libertarian Answer Man: Legal Entities and Corporations in a Free Society (Feb. 29, 2024) Libertarian Answer Man: Corporations, Trusts, HOAs, and Private Law Codes in a Private Law Society (Nov. 11, 2023) KOL414 | Corporations, Limited Liability, and the Title Transfer Theory of Contract, with Jeff Barr: Part I KOL418 | Corporations, Limited Liability, and the Title Transfer Theory of Contract, with Jeff Barr: Part II On Coinbase, Bitcoin, Fractional-Reserve Banking, and Irregular Deposits UK Proposal for Banking Reform: Fractional-Reserve Banking versus Deposits and Loans Musings on Fractional-Reserve Banking in a Bitcoin Age; Physicalist Shock Absorber Metaphors The Great Fractional Reserve/Freebanking Debate Jesús Huerta de Soto, Money, Bank Credit, and Economic Cycles Stephan Kinsella, “The Title-Transfer Theory of Contract,” Papinian Press Working Paper #1 (Sep. 7, 2024)