Moody Economics

Nothing truly excited me this morning in the News. I finally found this article about new Patent regulations. It does not incite any enthusiasm to ‘Man the Barracades’. Patent law should obviously be altered, but the worst way possible would be Regulation. There are so many regulations in the area now, that One can pick and choose practically any treatment he desires. The real Need in Patent law is for Governmental setting of the size of any potential Royalty, placed specifically so multiple use can be made of the Patent (properly-sized Production Cost), alongside specific award to the Patent-Holder (Companies forbidden to hold or purchase Patent rights). I have discussed both of these measures before, and could even work up an analysis of the reduction of Production Costs available under a revised system, if I had the energy this sad Saturday.

This article fails to point out that Investment Bankers are basically the organizations which brought on the current financial crisis. It does point out how well-off Employees of these organizations have become, because they did bring Us the current financial Crisis. The entire Situation smells in much the same way as did the S&L Bailout of the mid-80s, where stability finally cost American Taxpayers about half a Trillion Dollars. The current Crisis may eventually cost American Taxpayers about the same amount, though both Bush and Bernanke would choose to hide the final bill. It is interesting that the American economy basically gets into trouble in the same way–unsecured loans–and costs about the same to clear in inflation-adjusted Dollars; all brought to the American people by the same type of financial leadership at lending institutions.

I will finish my Post today with this Book Review. Alan Weisman wants an Earth denuded of humanity; not a bad Thought at my Age, but the kids might object. I personally would enjoy a Return to an environment comparable to the year 1800, though I would probably find the lack of a local Walmart to be a real frustration. Weisman also holds an imagined power within humanity for extreme longevity of damage. Five Hundred years would undoubtedly erase most of the existence of humanity. The Earth will absorb the radiations and the toxins, simply producing hardier animal species within Centuries. Plant life will cover over human images of greatness, think of the Hanging Gardens of the Empire State Building. lgl