I’m here at the Free Cities Foundation Annual Meeting 2026 in Próspera, Roatan, Hondura. Several PFS members are involved, and some here today. I have a debate on IP tomorrow, Debate: Should Free Cities Protect Intellectual Property?, between me and with IP attorney Brian O’Beirne, moderatd by Tipolis CFO Alex Voss. Today’s livestream is on their youtube channel.
CAPITALISM IS LOSING THE MORAL ARGUMENT
Last month I was having a chat with Saifedean Ammous, and he told me a story that really stuck with me.
He said it has become increasingly difficult to win an argument with a socialist at a dinner party. https://t.co/duMSdBTD8u pic.twitter.com/3KTOOKErGV
— Cory Klippsten 🦢 Swan.com (@CorySwan) September 4, 2026
Pure fire from @ComicDaveSmith pic.twitter.com/cNzJ54moYw
— Owen Shroyer (@OwenShroyer1776) September 4, 2026
A phenomenal response to @AlanDersh after he called @ComicDaveSmith an anti-semite. pic.twitter.com/MysdIoUvXN
— Christian Malazarte (@ChristianMalaza) September 3, 2026
In 2009, the Mises Institute published Property, Freedom, and Society: Essays in Honor of Hans-Hermann Hoppe, a project Guido Hülsmann and and Stephan Kinsella spearheaded to honor Hans Hoppe on the occasion of his 60th birthday. Only a few of the pieces were published independently; we are posting some of them here in this Bookstream.
The first entry was republished at Property, Freedom, and Society Bookstream: Introduction, Hülsmann and Kinsella. Links to the remaining chapters may be found at the book’s landing page here, which will be updated as the book is streamed here. Here’s the next entry: Hardy Bouillon, “A Note on Intellectual Property and Externalities,” in Property, Freedom, and Society: Essays in Honor of Hans-Hermann Hoppe, Jörg Guido Hülsmann and Stephan Kinsella, eds. (Auburn, Ala.: Mises Institute, 2009).
Related
- Also republished as Hardy Bouillon, “A Note on Intellectual Property and Externalities,” Mises Daily (Oct. 27, 2009)
- See also Archived comments, reproduced in Kinsella, “Hardy Bouillon, A Note on Intellectual Property and Externalities: Archived comments,” C4SIF.org Blog (Oct. 27, 2007)
Many students of Murray Rothbard’s writings will be greatly disappointed by the new book by Joe Salerno and Patrick Newman—Murray N. Rothbard: The Making of an Economist. It is not an intellectual biography as the authors claim. Eighty-five percent of it is essentially a detailed book review of Man, Economy and State, published in 1962. There is no mention of any of Rothbard’s works after that date, which is why it is actually insulting to Rothbard’s legacy to call it an intellectual biography. It is Rothbard’s brilliant interdisciplinary writings in the subsequent thirty-three years (and beyond, since he has posthumous publications) that created what is known as Rothbardianism. [continue reading…]
Interesting Working Paper from PFS member Rahim Taghizadegan writing at scholarium.
***
The Regression Theorem Explains Bitcoin
Working paper. The text is based on the lecture «Bitcoin from the Viewpoint of the Austrian School», given at the 19th Annual Meeting of the Property and Freedom Society, Bodrum, September 2025, and substantially extends it.
Abstract. Austrian economists have invoked Mises’s regression theorem for over a decade to prove Bitcoin impossible. Both camps of the ensuing quarrel misread it. The theorem explains how the valuation of a medium of exchange is learned; it forbids nothing. Read properly, it even explains the strangest feature of Bitcoin’s history, the cyclical monetisation along ever higher lows. I add three refinements: Laum’s sacred money at the end of the historical regression, rising marginal production costs as the essence of commodity money, and moneyness as a matter of degree.
Professor Hoppe 77th birthday is today—Happy Birthday Hans!
***
In 2009, the Mises Institute published Property, Freedom, and Society: Essays in Honor of Hans-Hermann Hoppe, a project Guido Hülsmann and and Stephan Kinsella spearheaded to honor Hans Hoppe on the occasion of his 60th birthday. Only a few of the pieces were published independently; we are posting some of them here in this Bookstream.
The first entry was republished at Property, Freedom, and Society Bookstream: Introduction, Hülsmann and Kinsella. Links to the remaining chapters may be found at the book’s landing page here, which will be updated as the book is streamed here.
The photographs from the Frontispiece and Photos section (between pages 134 and 135) are posted below.
Interesting interview of Stephanie Slade, author of the recent book Fusionism: Liberty, Virtue, and the Future of the American Right (University of Notre Dame Press, 2026), by James M. Patterson on the Law and Liberty Podcast, episode “Fusionism’s First Principles with Stephanie Slade” (Sept. 1, 2026).
Though she does buy into the simplistic and erroneous “liberty is libertarians’ highest value” canard when talking about, say, Ayn Rand: [continue reading…]
[Cross-posted at hanshoppe.com]
Professor Hoppe’s article, “The Libertarian Quest for a Grand Historical Narrative,” Mises Wire (Nov. 5, 2018), also published as “The Libertarian Quest for a Grand Historical Narrative,” J. Libertarian Stud. 24 (2020) and in The Great Fiction, has been translated into German, by Andreas Tank, as “Das Libertäre Streben Nach Einer Grossen Historischen Erzählung.” The article is based on the transcript available here and at Hans-Hermann Hoppe, The Libertarian Search for a Grand Historical Narrative (Part I) (PFS 2018), which is a transcript of PFP199 | Hans-Hermann Hoppe, The Libertarian Search for a Grand Historical Narrative (Part I) (PFS 2018).
An audio narration is also available below, as is the text (docx; pdf).
In 2009, the Mises Institute published Property, Freedom, and Society: Essays in Honor of Hans-Hermann Hoppe, a project Guido Hülsmann and and Stephan Kinsella spearheaded to honor Hans Hoppe on the occasion of his 60th birthday. Only a few of the pieces were published independently; we are posting some of them here in this Bookstream.
The first entry was republished at Property, Freedom, and Society Bookstream: Introduction, Hülsmann and Kinsella. Links to the remaining chapters may be found at the book’s landing page here, which will be updated as the book is streamed here. Here’s the next entry.
Related: Kinsella, Austrian Law and Economics
A German translation of Douglas E. French, When Movements Become Rackets and Other Swindles: The PFS Trilogy, Stephan Kinsella, ed. (Houston, Texas: Papinian Press and Property and Freedom Society, 2025), is now available, as Wenn Bewegungen Zu Betrugsmodellen Und Anderem Schwindel Werden: Die Pfs-Trilogie, translated by Andreas Tank.
It is available in Paperback (Amazon.de); full text below (docx; pdf). [continue reading…]
[Cross-posted at StephanKinsella.com]
Thorsten Polleit, “Immanuel Kant and Libertarianism,” Libertarian Alliance (30 Aug. 2026)
Related
- Bruce Goldberg, “Ayn Rand’s ‘For the New Intellectual’” (1961)
- Hoppe: My Discovery of Human Action and of Mises as a Philosopher
- Rothbard, My Break With Branden and the Rand Cult (Liberty, September 1989)
- Ayn Rand to Mises: “You are treating me like a poor, ignorant little Jewish girl!”
- Kinsella, Mises and Rand (and Rothbard) (Feb. 4, 2005)
- Thorsten Polleit, “Thank you, Murray Rothbard, For Your Extreme ‘Defense of Extreme Apriorism,’” in Rothbard at 100: A Tribute and Assessment, Stephan Kinsella and Hans-Hermann Hoppe, eds. (Papinian Press and The Saif House, 2026)
- Kinsella, “Argumentation Ethics and Liberty: A Concise Guide,” Mises Daily (May 27, 2011)
- Kinsella, Legal Foundations of a Free Society (Houston, Texas: Papinian Press, 2023): chapters: “A Libertarian Theory of Punishment and Rights,” “Dialogical Arguments for Libertarian Rights,” “Defending Argumentation Ethics,” and “The Undeniable Morality of Capitalism“
Immanuel Kant and Libertarianism
My father was born in 1934 in the East Prussian city of Königsberg. In January 1945, he escaped on one of the last ships from his besieged and later fatally destroyed hometown. He was an East Prussian through and through, and in his library he had the collected works of Immanuel Kant (1724–1804), the Königsberg philosopher of the Enlightenment. I still remember well that my father pointed out to me–with a smile–that Kant’s original works were not entirely easy to read, but he nevertheless encouraged me to work through them; fortunately, he also helped me with references to more comprehensible secondary literature. This is how I gained a certain preformation or even a preference for the great philosopher of the Enlightenment.
A few interesting attempts, beginning with Jim Ostrowski on Facebook.
I posted this on Twitter; others chimed in: [continue reading…]
In 2009, the Mises Institute published Property, Freedom, and Society: Essays in Honor of Hans-Hermann Hoppe, a project Guido Hülsmann and and Stephan Kinsella spearheaded to honor Hans Hoppe on the occasion of his 60th birthday. Only a few of the pieces were published independently; we are posting some of them here in this Bookstream.
The first entry was republished at Property, Freedom, and Society Bookstream: Introduction, Hülsmann and Kinsella. Links to the remaining chapters may be found at the book’s landing page here, which will be updated as the book is streamed here. Here’s the next entry.
Related
- Kinsella, Knowledge vs. Calculation, Mises Economics Blog (July 11, 2006)
- Ammous, Murray Rothbard: An Ode to an Intellectual Hero
- Kinsella, “Mises, Rothbard, Hoppe: An Indispensable Framework”
- PFP341 | Stephan Kinsella, “Rothbard’s Greatest Hits: A Personal Mix Tape”—100 Years with Rothbard, Portugal
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Kinsella, Don’t tell me to read Hayek
No, it can’t. The problem of socialist calculation is the absence of property rights, as Mises explained, not knowledge, as Hayek put it. Without property rights, there is no possibility of calculating profit/loss with real opportunity costs for an actual owner who reaps the… https://t.co/YXsYKtrgMU
— Saifedean Ammous (@saifedean) August 29, 2026
[Cross-posted at StephanKinsella.com]
Just as some critics of today’s version of “capitalism” equate it with what we libertarians or advocates of “true capitalism” would call crony capitalism—or, as Gene Epstein calls it, “crapitalism”1 —some also criticize private property rights as a type of “theft”2 because of “capitalist” versions of “private property rights” such as those stemming from the English Enclosure movement.
Yet as Hoppe has pointed out, there can be “partial” homesteading of land—homesteading of easements or rights-of-way, by usage—and this can be done by individuals or by groups who have been using the land—a path or street—and anyone who seeks to privatize the remainder of the land takes it subject to the pre-existing group-owned easement. After all, the key act that constitutes original appropriation is occupation (occupātiō) or use (( On occupation or homesteading, see The Universal Principles of Liberty, §3; IP is Not “Not Property”, at n.5; Homesteading, Abandonment, and Unowned Land in the Civil Law (Mises Blog, 2009); also KOL473 | The Universal Principles of Liberty, with Mark Maresca of The White Pillbox; A Critique of Mutualist Occupancy; Inability to Abandon Property in the Civil Law. ))—using, possessing, employing a previously unused and unowned resource, according to its nature,3 to serve as a causally efficacious means of action. Writes Hoppe: [continue reading…]
- Gene Epstein, Austrian Perspective on the Great Recession and its Aftermath (Socratic Seminar) (16 de noviembre de 2011); Gene Epstein (part 01); Gene Epstein, “History Needn’t Repeat Itself,” Barron’s (Aug 17, 2009). [↩]
- Kinsella, Libertarian Answer Man: Mises [and Proudhon] on “Property is Theft”; KOL374 | The Intellectual Contributions of Hans-Hermann Hoppe: The Great Fiction Podcast Ep. 1; Hoppe: A Précis. [↩]
- Kinsella, “the very framing of the dispute helps to identify what the thing is in dispute”. [↩]
In 2009, the Mises Institute published Property, Freedom, and Society: Essays in Honor of Hans-Hermann Hoppe, a project Guido Hülsmann and and Stephan Kinsella spearheaded to honor Hans Hoppe on the occasion of his 60th birthday. Only a few of the pieces were published independently; we are posting some of them here in this Bookstream.
The first entry was republished at Property, Freedom, and Society Bookstream: Introduction, Hülsmann and Kinsella. Links to the remaining chapters may be found at the book’s landing page here, which will be updated as the book is streamed here. Here’s the next entry. [continue reading…]
“Corrupt, criminal and even crazy presidents are now normalized.”
Chuck Baldwin gives us an update on the state of American democracy.
Originally published at The Rude Awakening.
Gentleman’s Price Control
The Rude Awakening (Aug. 27, 2026)
By Sean Ring
Two different politicians from opposite sides of the aisle each held a press event 8 days apart on the same idea.
On July 27, New York Mayor Zohran Mamdani stood in Brooklyn holding a bunch of bananas. He announced 5 city-owned grocery stores, one per borough, selling food at 30% below retail. The crowd cheered. [continue reading…]
Property and Freedom Podcast, Episode 357.
While in Portugal for 100 Years with Rothbard this past June, Professor Hoppe was interviewed for the Portuguese podcast CdK (Conversas do Karalho), for CDK | 151 | Hans-Hermann Hoppe: “O Estado é o maior parasita da história” (“The State is the greatest parasite in history.”). He was interviewed by the host, “Guru Mike Billions” (Miguel Milhão), a Portuguese entrepreneur and founder of Prozis, one of the largest sports nutrition brands in Europe. In his podcast, Milhão interviews guests on business, politics, culture, and related topics, often from a perspective critical of the state and mainstream Portuguese politics. In this interview, Hoppe touched on a wide array of topics, as can be seen in the shownotes list below. The episode was professionally produced and edited by Milhão’s team.
😍https://t.co/F3XY3WZJGg pic.twitter.com/PqmN4TPCJt
— Hans-Hermann Hoppe (@HoppeQuotes) August 25, 2026
CDK | 151 | Hans-Hermann Hoppe: “O Estado é o maior parasita da história” (“The State is the greatest parasite in history.”)
[continue reading…]
Property and Freedom Podcast, Property and Freedom Podcast, Episode 356.
My friend @ClaudioGrass summarizes my recent talk on the disastrous cultural ramifications of the state/banking fiat cartel.https://t.co/7k36dJKWEP
— Jeff Deist (@jeffdeist) August 25, 2026
Redirect: See: PFP356 | Jeff Deist on the collapse of saving, sound money, and the case for a deflationary reset
PFS Member Sean Ring’s Rude Awakening column is on fire lately: in August alone we have several excellent ones, including— [continue reading…]
Len D. Pozeram, “Let the American Middle East Die,” Libertarian Alliance (26 August, 2026).
What if the decline of American power in the Middle East is good news for Americans?
Marc Lynch begins a recent Foreign Affairs essay with a declaration that would have been unprintable in the respectable journals a few years ago: “The American Middle East is finished.” He means the regional system built after the 1991 Gulf War, when the United States emerged from the Cold War as the only superpower and decided that this entitled Washington to supervise everything from the eastern Mediterranean to the Persian Gulf.
That system rested on American bases and security guarantees. It protected Arab monarchies, contained Iraq and Iran, and placed Israel at the center of a regional order assembled under American management. Oil would flow. Israel would receive protection. Arab governments would be brought into line through weapons sales and diplomatic pressure. Any state that refused the arrangement would be sanctioned, bombed, or isolated until it submitted. It looked formidable on a map. Then came the American-Israeli war with Iran. [continue reading…]
In 2009, the Mises Institute published Property, Freedom, and Society: Essays in Honor of Hans-Hermann Hoppe, a project Guido Hülsmann and and Stephan Kinsella spearheaded to honor Hans Hoppe on the occasion of his 60th birthday. Only a few of the pieces were published independently; we are posting some of them here in this Bookstream.
The first entry was republished at Property, Freedom, and Society Bookstream: Introduction, Hülsmann and Kinsella. Links to the remaining chapters may be found at the book’s landing page here, which will be updated as the book is streamed here. Here’s the next entry. [continue reading…]
The topic of “anti-semitism” has gained increasing prominence again recently with the Israel-US vs Iran war. But as Rothbard has noted, there is no real problem of anti-semitism in the US; the real problem is anti-anti-semitism. See, e.g., his articles “Pat Buchanan and the Menace of Anti-Anti-Semitism,” Rothbard-Rockwell Report (Dec. 1990), in The Irrepressible Rothbard: The Rothbard-Rockwell Report Essays of Murray N. Rothbard (Center for Libertarian Studies, 2000); “Buchanan an Anti-Semite? It’s a Smear: His enemies labored hard, and brought forth a pitiful mouse,” L.A. Times (Jan. 6, 1992); and “Anti-Anti-Semitism Gone Bananas,” Rothbard-Rockwell Report 4, no. 10 (October 1993): 10–12 (pdf1; pdf2).
Those ranting about anti-semitism are not really concerned with genuine anti-semitism, anymore than the antifa is really anti-fascist1 or the Southern Poverty Law Center is really aimed at fighting poverty.2
- Thus, the exhortation to “crush the antifascist mob.” Hoppe, “Libertarianism and the Alt-Right: In Search of a Libertarian Strategy for Social Change,” The Libertarian Alliance (Oct. 20, 2017); Kinsella, KOL395 | Selling Does Not Imply Ownership, and Vice-Versa: A Dissection (PFS 2022). [↩]
- Douglas E. French, “How Movements are Turned into Rackets,”in When Movements Become Rackets and Other Swindles: The PFS Trilogy, Stephan Kinsella, ed. (Houston, Texas: Papinian Press and Property and Freedom Society, 2025). [↩]
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