What Is The Libertarian Solution To High Drug Prices? (read from the bottom up)

Dear C:

Of interest:

Block, Walter E. 2018. “Trump’s Fake Fix for a Bad Economic Policy; Using tax dollars to bailout farmers hurt by President Trump’s tariffs is not the way to strengthen the economy.” New York Times, July 26; https://www.nytimes.com/2018/07/26/opinion/trump-tariffs-farmers-iowa-libertarian.html; https://www.lewrockwell.com/2018/08/walter-e-block/687066-2/

I’m glad that at least some of your neighbors are nice people.

Best regards,

Walter

From: C

Sent: Tuesday, October 02, 2018 12:06 AM

To: [email protected]

Subject: Re: Great talk on Intro to, Boo/Hiss NYTimes … plus ONE question

Walter,

Wow! Thanks for the links. May take me a while so before I forget, here is the link re your NY Times lawsuit: https://www.nola.com/education/index.ssf/2015/05/walter_block_lawsuit_times.html

Regards, C

On Mon, Oct 1, 2018 at 6:36 PM Walter Block <[email protected]> wrote:

Dear C:

Who told you, where did you learn, that I lost my lawsuit against the NYTimes?

The answer to your question is this: in the free society, there’d be no intellectual property rights; no patents on drugs. If a pharmaceutical firm charged a very high price this would be an invitation for reverse engineering. See below for readings on this:

Block, 2013; Boldrin and Levine, 2008; De Wachter, 2013; Kinsella, 2001, 2012; Long, 1995; Menell, 2007A, 2007B; Mukherjee and Block, 2012; Navabi, 2015; Palmer, 1989.

Block, Walter E. 2013. Defending the Undefendable II: Freedom in all realms; Terra Libertas Publishing House; isbn: 978-1-908089-37-3; http://store.mises.org/Defending-the-Undefendable-2-P10932.aspx

Boldrin, Michele & David K. Levine. 2008. Against Intellectual Monopoly. http://levine.sscnet.ucla.edu/general/intellectual/against.htm; http://mises.org/store/Against-Intellectual-Monopoly-P552.aspx

De Wachter, Joren. 2013. “IP is a thought crime.” at TEDxLeuven. June 6;

Kinsella, N. Stephan. 2001. “Against Intellectual Property,” Journal of Libertarian Studies, Vol. 15, No. 2, Winter, pp. 1-53; http://www.mises.org/journals/jls/15_2/15_2_1.pdf

Kinsella, N. Stephan. 2012. “Economic Freedom of the World Rankings and Intellectual Property: The United States’ Bad Ranking is Even Worse Than Reported.” http://c4sif.org/2012/09/economic-freedom-of-the-world-indexes-and-intellectual-property-the-united-states-bad-ranking-is-even-worse-than-reported/

Long, Roderick. 1995. “The Libertarian Case Against Intellectual Property Rights.” Formulations. Vol. 3, No. 1, Autumn; http://libertariannation.org/a/f31l1.html

Menell, Peter S. 2007. “Intellectual Property and the Property Rights Movement.” Regulation, Fall; http://www.cato.org/pubs/regulation/regv30n3/v30n3-6.pdf

Menell, Peter S. 2007. “The Property Rights Movement’s Embrace of Intellectual Property: True Love or Doomed Relationship?” Ecology Law Quarterly, Vol. 34.

Mukherjee, Jay and Walter E. Block. 2012. “Libertarians and the Catholic Church on Intellectual Property Laws.” Journal of Political Philosophy Las Torres de Lucca. Issue No. 1, July-December, pp. 59-75;

http://www.lastorresdelucca.org/index.php?option=com_k2&view=item&id=93:libertarios-y-la-iglesia-católica-en-las-leyes-de-propiedad-intelectual&Itemid=24&lang=en&Itemid=23

Navabi, Ash. 2015. “To Taylor, Love Freedom.” June 23;

https://mises.ca/posts/blog/to-taylor-love-freedom/

Palmer, Tom. 1989. “Intellectual Property: A Non-Posnerian Law and Economics Approach” Hamline Law Review, Spring, Vol 12 No. 2.

Best regards,

Walter

From: C

Sent: Monday, October 01, 2018 2:46 PM

To: [email protected]

Subject: Great talk on Intro to, Boo/Hiss NYTimes … plus ONE question

Mr. Block,

Saw/heard your talk on Intro to Libertarianism on youtube.

Thank you so much for such an intelligent, yet intelligible,

presentation of Libertarian philosophy. You so mirrored my

own philosophy that it was all I could do to shout “Amen!”

Sorry about your losing your NY Times suit. All of us

not on the left should be/grow accustomed to the Left’s/Socialists’

taking small bits of data/information out of context and

misusing them as smear campaigns with which to undermine

any/all positions not advocated by them.

That’s what has given rise to political correctness, safe spaces,

and such restraints on freedom of speech, expression, and conscience,

unless you espouse a Socialist ideology.

It has also given rise to virtual “show trials” such as that of

Kavanuagh’s nomination hearings. (I was nearly raped

[I fought back against brute force- no weapons, thank goodness]

no less than 3 times and I remember everything.

Just sayin,’ plus I’m wondering: Are white girls taught

not to fight back when they are attacked without weapons?

Also, unless your parent was a veterinarian date-rape drugs

Did not really “exist” at the time [She’s my age, so I know].

I can understand not fighting back against knives/guns.)

Anyways, I actually have a question that I have not found a

Libertarian answer to, as follows. I am all in favor of

what the market will bear, however:

What if you develop a drug against a mortal disease

such as cancer or AIDS and demand a huge price that

none except the very wealthy can afford? This seems

to have happened with Hugin’s cancer medication and

an AIDS drug that went from $13.50 to $700+ overnight.

If you could point me (via hyperlink to a Libertarian reponse

I would very much appreciate it.

Congratulations on your happy gift for explaining things

clearly and rationally. Everything you said made sense to me.

BTW: As a New YoRican female, we moved into a very racist,

white neighborhood and I felt anyone had a perfect right to hate me.

However, they did not have the right to hurt me or

“get in my face” as you yourself mentioned. However, it wasn’t all bad.

I made a few friends in spite of their parents and, after a few years,

the neighborhood’s prejudices actually diminished considerably.

Best Regards, C

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3:52 pm on March 5, 2019