We Can't Count On The Fed To

You Have Various Institutions Like Law Firms And Accounting Firms Which Bill By The Hour. I'm Really Against That. You Have An Incentive To Go Slowly, Be There As Long As Possible, To Over-research Things And Over-staff.

I'm Used To Being Productive, Ever Since I Was Young.

The Classic Problem As An Entrepreneur Is That They Have A Hard Time Delegating. But That's Really Crazy. Recruiting Other Executives Is Critical, So Is Dealing With Customers And Dealing With Regulators. Those Are Functions That Only The Top Founders Can Do.

America Is The Only Major Country That Tries To Ascertain Who Was The First Applicant To Invent The Product Or Procedure. This May Seem Fair, But Long Proceedings To Determine Precisely When Each Party Conceived An Idea Result Mostly In Keeping Innovations From Hitting The Market.

The Quality Of American Patents Has Been Deteriorating For Years; They Are Increasingly Issued For Products And Processes That Are Not Truly Innovative - Things Like The Queuing System For Netflix, Which Was Patented In 2003. Yes, It Makes Renting Movies A Snap, But Was It Really A Breakthrough Deserving Patent Protection?