My Advice to Young People

When people hear the advice to save more, they typically think that they should stop going out to lunch, and instead bring a bologna sandwich to work or school. Although one obvious way to save more each month is to reduce frivolous expenditures, that’s not the main thing I have in mind.

Ayn Rand Finally Right about the First-to-File US Patent System

As I noted in Against Intellectual Property, in her confused and flawed attempt to justify patent and copyright monopolies, Ayn Rand mistakenly assumed that under US patent law, the first inventor to file has priority over later filers, in the case of multiple independent inventors of the same idea. Then she bent into contortions trying to defend such an obviously unfair, and artificial and arbitrary, rule.