In Reducing the Cost of IP Law, I argued that one improvement to the patent system (short of abolition) would be to eliminate injunctions and provie for a compulsory licensing system. As I noted there, the compulsory licensing approach is not new. Some countries impose compulsory licensing on patentees who do not adequately “work” the patent. I discussed provisions in US patent law that do permit compulsory licenses already in some situations.
The recent decision by the Federal Reserve to keep its balance sheet stuffed to bursting with whatever the Wall Street banks decide to throw onto it came as no surprise and crushed any hope that the Fed would tone down its policy of quantitative easing (QE) — or credit easing (CE), as Mr. Bernanke prefers to call it. With the US economy stalled despite the trillions of “stimulus” funds larded out to the politically connected, the people who helm the Federal Reserve likely felt they had no other choice.
[Excerpted from Honest Money (1986)]
You shall do no injustice in judgment. You shall not be partial to the poor, nor honor the person of the mighty. But in righteousness you shall judge your neighbor (Leviticus 19:15).
Three counterfeiters are discovered. The first one is a middle-class man who owns a cheap offset printing press. He has printed 500 $20 bills and spent them into circulation.
On this thread, someone said that “If we fail to recognize intellectual property, we permanently relegate ourselves to the prehuman branch of the animal kingdom – capable of dealing only with the concrete with no capacity for abstraction.”
Before I went to law school (in 1988), I was an engineering student with little interest in law. I decided to go to law school for the prospects of making more money than an engineer, and because I liked to argue. People would say, Hey, Kinsella, you like to argue politics–you should be a lawyer. Doesn’t make much sense, I know, but I wasn’t ready to take a job designing air flow sensors for F-16 fighter planes for General Dynamics (my first offer as a senior majoring in electrical engineering).
