October 2011

Innovation Fatigue Through Bad Patent Law: The Innovation Burdens of the Leahy-Smith “American Invents Act”

On Sept. 16, President Obama signed the Leahy-Smith “America Invents Act” which supposedly will strengthen innovation and improve our patent system. It’s a radical change in our patent system–one that seems to have been drafted by people who don’t fully understand patents or innovation. Does this bill promote innovation as advertized? What about that 15% …

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Malinvestment: Crushing Innovation Where It’s Needed Most

One of the biggest problems from economies directed by bureaucrats rather than a free market is that the bureaucrats don’t just spend money on foolish areas that don’t make sense economically, but their diversion of funds causes money to dry up where it is needed. Thus the housing bubble, created by government intervention and waste, …

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