Last Updated on Thursday, 6 August 2009 01:28 Written by dbhalling Thursday, 6 August 2009 01:28

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Judge Newman, who I believe is one of the most brilliant jurists alive, discusses the reasons for the creation Court of Appeals for the Federal Circuit – click here.  The severe recession of the late 1970s motivated the Carter administration to reexamine the U.S.’s industrial policies.  Some of the findings included that regulation, tax policy, antitrust law and patent law were all conspiring in the 1970s to depress innovation and the economy.  There are eerie parallels to the most recent decade – see Innovation – Regulatory Road Kill?