Before the twentieth century, inflation was more or less sporadic. There were intermittent episodes of runaway prices, superimposed on a general upward tilt in prices. We are now in the Age of Inflation; inflation has become a way of life. The public focuses particularly on short-term price...

The potential negative impacts of public patenting are enormous. Although the current political climate favors private sector activity and "no new taxes," there is a strong case to be made for public sector breeding. These political slogans do not take into account the many cases where the...