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Economists Argue Patent System Should Be Abolished 376

nukem996 writes "Two economists at the St. Louis Federal Reserve have published a paper arguing that the American patent system should be abolished. The paper recognizes the harm the current patent system has caused not only to the technology sector but the health sector as well."
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Economists Argue Patent System Should Be Abolished

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  • Re:Watch... (Score:5, Funny)

    by MickyTheIdiot ( 1032226 ) on Wednesday February 06, 2013 @10:36AM (#42808053) Homepage Journal

    Just to head off the obvious troll being obvious.. I messed up and did not use the proper version of "their." Soooo sorry.

  • by Anonymous Coward on Wednesday February 06, 2013 @10:56AM (#42808335)

    Economists Argue Patent System Should Be Abolished

    Meanwhile, a group of Very Rich White Guys(tm) directly abusing the patent system argue that "if those economists were so good at their jobs, they'd be richer and whiter than they are, and thus here's our campaign contributions to ensure this never happens".

    When questioned about the ambiguous syntax and whether this meant abolishing the patent system would never happen or if the economists would never become richer or, in the Very Rich White Guys'(tm) words, "whiter", the VRWG simply stared back at this reporter with angry glares on their faces and took note of the website for whom I report, getting their checkbooks ready and speed-dialing congresspeople.

Lend money to a bad debtor and he will hate you.