April 5, 2003  ·  Lessig

Thanks to Scott Lazerwith and Murry Chapman for sending along this bit of good news: Alan Greenspan has signaled what other smart economists have been saying for a long time: That this race to protectionism in the field of intellectual property is not without cost. As Greenspan said,

If our objective is to maximize economic growth, are we striking the right balance in our protection of intellectual property rights? Are the protections sufficiently broad to encourage innovation but not so broad as to shut down follow-on innovation?

This is good news for all things happy and light, for it helps a meme that we should be pressing hard: IP is of course good; but it does not follow that more IP is better.