There’s a myth going around Washington that “real” conservatives should oppose patent reform. But as R Street’s Zach Graves has noted, patent reform actually has a lot of conservative support...There is clearly something wrong with the way our patent system currently works. As my Mercatus colleague Eli Dourado has pointed out, the number of new patents granted annually has quintupled since the early 1980s. This has resulted in many more patent lawsuits, but it hasn’t led to the economic growth that patents are supposed to generate.
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