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The True Nature of Patents


New York Law School professor Beth Noveck, quoted in an article on improving the U.S. patent system, reveals clearly the true nature of patents: "A patent is a pretty significant monopoly, so we want to make sure we are giving it to the right people."

So, according to the government, monopolies are bad except when they are granted by the government.

On a related note, listen to Lew Rockwell's interview of Stephan Kinsella.

Laurence M. Vance is an Associated Scholar of the Mises Institute, founder of the Francis Wayland Institute, and a columnist for LewRockwell.com and the Future of Freedom Foundation. He is the author of The War on Drugs is a War on FreedomWar, Christianity, and the State: Essays on the Follies of Christian Militarism, and War, Empire, and the Military: Essays on the Follies of War and U.S. Foreign Policy.

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