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The True Nature of Patents

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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, columnist and policy adviser for the Future of Freedom Foundation, and a columnist, blogger, and book reviewer at LewRockwell.com. He is also the author of Gun Control and the Second AmendmentThe War on Drugs Is a War on Freedom, and War, Empire and the Military: Essays on the Follies of War and U.S. Foreign Policy. His newest books are Free Trade or Protectionism? and The Free Society. Visit his website: www.vancepublications.com.

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