$214 million "Dog ate my homework" handout in new patent law

September 16, 2011 · Posted in Intellectual Property ·  

There are many things wrong with the concept of patents. This handout to a politically connected law firm further demonstrates the error of claiming ownership of an idea.
http://www.nytimes.com/2011/09/08/business/patent-bill-could-save-a-law-firm-millions.html

Lawyers Create Scarcity

November 18, 2009 · Posted in abundance, economics ·  

Almost all scarcity is either artificial or limited to a time or location. Let me make it clear that there are some valid uses for solutions in law. When law is used in the wrong situation it will always create scarcity. Monday I ran into a perfect example of how lawyers create artificial scarcity.

Sunday I got a flat tire. My tires were old and worn so it was time to replace them. Fortunately I had a complete set of tires in my garage. My friend had taken a car to the scrap yard but saved the nearly new tires. The tires were a different size from what his new car used so he didn’t have a use for the tires. It was junk to him but useful for me. I put them in my garage to safely save them for when I replaced the tires on my car.

Monday I loaded the tires into my car and went to Sam’s Club to have my used tires mounted. Sam’s Club offered this service free to members. I was so happy with this service that I frequently recommended membership just because of this service. To my surprise they don’t provide that service any more. Was it because of cost cutting? No. Lawyers stopped the service because of fear of liability.

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