Opinions and Editorials

Jul. 12, 2023

Real Clear Markets: Congress Doing What It Should Do – Defending Innovators by Charles Sauer

The economy is hard to understand. How does something that was basically a college prank turn into a billion-dollar company? How does a market move from one person making a final product to a diverse production structure with many different inputs? Even more confounding than markets in general is the question of why innovation takes place at all. Why would someone risk everything that they have to make goggles that make cutting onions easier? How would someone consider using fax technology to make phones smart? The answer from this Congress is now the PREVAIL Act, which gives power back to the inventor instead of the pirate.

This question of innovation was raised as far back as our nation’s founding. How would America become an innovative country?

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