livinincali wrote:njtosd

[njtosd]

[quote=livinincali][quote=njtosd][quote=moneymaker]It seems to me there are 2 options for the government for stimulus, lower rates or create jobs. Ok already tried to lower rates, now can’t go any lower. So time to create jobs soon, 2 ways to do that also. Hire more government workers/create infrastructure jobs or the Trump strategy (deport the illegals).[/quote]

I don’t necessarily agree either of your points but you have, at least, left out one other option. The government should institute reforms to issue patents more quickly. This piece is about 5 years old but is still relevant. In short, stop siphoning money from the US Patent Office and issue patents faster. Each newly issued patent creates *on average* 3-10 new jobs.

Unfortunately the authors of the actual study say the 3-10 jobs per patent is bullshit.

http://patentlyo.com/patent/2011/08/guest-post-what-we-said-and-didnt-say-in-the-berkeley-patent-study.html
[/quote][/quote]

I see your point, but the authors did not say their data contravened the NYT piece, they just felt it was too much of a stretch. There is no doubt patents fuel job creation, and, generally, higher $ jobs. http://www.ipwatchdog.com/2015/03/23/ip-protection-is-key-to-u-s-job-creation/id=55978/

And the point of the article (and many, many more*) was not that the government should give the PTO $ to do its job, it was simply showing why it should stop siphoning money away from the PTO. Should be a no brainer.

*some have even accused the US Govt of running a Ponzi scheme – claiming filing fees are for the patent application process and then diverting the funds to other uses http://www.ipwatchdog.com/2011/10/17/patent-funding-scam-uspto-funding-is-like-a-ponzi-scheme/id=19869/