“If the government objects to monopoly prices for new inventions, it should stop granting patents.”
–Ludwig von Mises, Human Action
(For further background on Mises’s and Hayek’s thoughts on IP, see my post “Mises on Intellectual Property“; Jeff Tucker, “Misesian vs. Marxian vs. IP Views of Innovation“; Jeff Tucker, “Hayek on Patents and Copyrights“.)
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