
#293: Bitcoin and the Looming US Fiscal Crisis with Avik Roy
TFTC: A Bitcoin Podcast
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Patents Are Government Enforced Monopolies
The wall street journal editorial page will say, you know, calling the pharmaceudical industry to account for the prices it charges is communism. And that fails to take in account the fact that patents are government enforced monopolies. When you apply for a patent, there's a bureaucrat at the us Patent trade mark office that decides whether to issue that patent or not. You're left i is like, now, that's chrony capitals and that'sa corporal welfare.
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