Greenspan on market economies and rule of law

In a speech on 'Market Economies and Rule of Law' Alan Greenspan of the Federal Reserve said as the fruits of ever-changing technology play an increasing role in the U.S. economy, the US must strike the right balance in developing legal protections for innovative ideas or "intellectual property". "Are the protections sufficiently broad to encourage innovation but not so broad as to shut down follow-on innovation?" he asked.

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