There is no such thing as “intrinsic value” in economics. Value exists only in the eyes of the beholder. The concept of “value” is made possible by being valuable to a specific person, for a particular purpose. The only thing in the universe that is intrinsically valuable is human beings.
TLDR: Stop with nonsense like “Bitcoin has no intrinsic value”
My recent appearance on The Rational Egoist. (Spotify)
Shownotes:
Debating the Nature of Rights with Stephan Kinsella
In this episode of The Rational Egoist, host Michael Liebowitz engages in a stimulating debate with libertarian writer and patent attorney Stephan Kinsella on the nature of rights.
Drawing from his book Legal Foundations of a Free Society and his extensive work on legal and political theory, Kinsella offers his perspective on the origins, scope, and application of individual rights.
Together, they examine differing philosophical interpretations and discuss how rights function in a free society.
This thought-provoking conversation invites listeners to question and refine their understanding of one of the most fundamental concepts in political philosophy.
I was interviewed by Logan Hertz, of Hazeltine LLC, about attempts by the Nelson Nash Institute, they of the poorly-named “Infinite Banking” concept, to use trademark to bully competitors. I discuss the general problem with IP and then apply it to trademark, and provide suggestions as to more “ethical” ways of using trademark and IP in an IP-world. See also Logan’s LinkedIn post.
This is my discussion with European patent attorney David Pearce, of the Tufty the Cat European IP blog (twitter). He and I were co-founders and members of the Advisory Council for the Open Crypto Alliance (2020–22). We discuss Craig Wright, nChain and bitcoin related patents, and so on (see video below).
The show “Axioms of Liberty” has an episode about my IP writing, including readings of three early pieces: First, one of my earliest writings, Stephan Kinsella, “Letter on Intellectual Property Rights,” IOS Journal 5, no. 2 (June 1995), pp. 12-13, and followed by David Kelley’s response. Next, “Is Intellectual Property Legitimate?”, first published in the Pennsylvania Bar Association Intellectual Property Newsletter 1 (Winter 1998): 3 and republished in the Federalist Society’s Intellectual Property Practice Group Newsletter, vol. 3, Issue 3 (Winter 2000). And finally, “In Defense of Napster and Against the Second Homesteading Rule,” LewRockwell.com (Sept. 4, 2000). I am not sure who this podcaster is, but he has my gratitude.
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