News of the Week – August 27th

How and why The Economist published such complete and utter nonsense in its August 8th edition remains a mystery. It is outright false to say that patents played no role in advancement during the Industrial Revolution. It is even more ridiculous to claim patents played no role in the development of steam engines. Yet, these and other false claims were …

News of the Week – August 6th

Without some ability to create a barrier to entry simple laws of economics mean that if you make money there will be market entrants that seek to make money competing against you. Having a strong patent position makes it more difficult for competitors to cannibalize your market (IPWatchdog). The number of Americans filing new applications for unemployment benefits rose less …

News of the Week – July 30th

The Innovation Act poses a threat to this drug discovery process. The bill creates a host of new administrative hassles for those defending their patents in court. New legal expenses and time burdens could deter researchers from pouring funds into drug development because the patents that make such development financially viable would be harder to enforce (NewsWeek). The Federal Reserve …