I think the bigger issue was expressed in the comments of one of his two-dozen or so blog posts on this debacle…
What if someone else comes up with the same formula entirely by themselves? Do they have to prove it? Did you ever have to prove you “invented” it? Can they give it away to anyone they want?
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I have no problem with independent discovery. do you?
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You have a problem with enforcement based on distinguishing the two.
Just like his whole “you can recreate IP with contracts” nonsense, Wenzel obviously hasn’t taken 2 seconds to think beyond his policy to it’s actual implications. The guy is just an old idiot who happens to be lucky enough to have agreed with Austrian economics a long time ago. This whole thing has honestly made me much less likely to visit his site lately.
It’s kind of weird, as I knew he was always in favor of IP, but really after hearing the way he defended his position (or I should say, the way he responded when given the opportunity to defend his position), I just have a really bad taste in my mouth for anything he’s associated with. It was one thing when he kept his mouth shut and just kept saying “just wait for my book”…but now that he opened his trap and removed all doubt about him being a fool, it’s really tainted all of his other work for me.
I guess it’s kind of a subconscious thing, where my brain can’t let go of how retarded his arguments were, and just how poor his entire performance was…and on some level I feel like “wow, if he’s that clueless, and that incapable of not only making an argument, but even just hearing the points raised by someone else…what else is he off in left field on?”
And the truth about his epic “speech at the Fed” was just shit icing on the shit cake. The guy is such a joke.