Considering all that is going wrong in Zimbabwe, 10 sextillion percent inflation, 90% unemployment, mass starvation, and disease, it is hard to imagine that the new unity government could do anything that would worsen the situation. Unfortunately, they have found a way to make things worse. The BBC reports that in the last 14 days, the new unity government has seized 77 white owned farms.
As I noted in Copypats, many non-specialists and proponents of IP erroneously believe that copying is an element of patent infringement--they conceive of the typical patent infringer as some bad guy who knocked off, or “stole,” the patentee-inventor’s idea. They are usually unaware that proving copying is neither necessary nor sufficient to prove patent infringement. It’s not necessary because even an independent inventor can be guilty of patent infringement.
On Monday, February 23rd, President Obama will be hosting a “fiscal responsibility summit” with the publicly declared purpose of reining in the growing cost of government, especially the projected unfunded liabilities for Social Security and Medicare in the years and decades to come.
Continuing in the fight for a 100% reserve banking system (or at least a system closer to that than the one we have), I just sent the following message to the Board of Governors.
Naturally, feel free to copy-paste, or send them your own comments here.
To the Board of Governors:
This study guide is presented to assist the reader in following Hazlitt’s map through a rather confusing and often contradictory maze of Keynesian misstatements of Classical theories, his mistaken critique of laissez-faire markets, and impossible and illogical views of human nature and economic actions in general.
Hayek seems like the man of the day.
Barron’s offers an excellent commentary by Thomas G. Donlan, in which he recounts Hayek’s stunning Nobel lecture, which, by the way, the Institute has newly in print.
I have spent my academic career in the economic analysis of law and in the broad area of “political economy.” I am not a macroeconomist. So why have I been writing and speaking on this subject in recent months?
