Nathan Myhrvold, CEO of Intellectual Ventures, former CTO of Microsoft, is calling for the Supreme Court to hang firm on patent property rights in "Inventors Have Rights, Too!" in the Wall Street Journal.

Goliath is crying "Unfair! Take David's sling away!" Without full rights there is no way for a small inventor to get a big infringer to the table to settle. Instead, they'll stall and drown the little guy with legal fees. The courts would be put in the middle and have to decide all future licensing revenue. Is that the way we want to run an innovative economy?

If we prevented people who owned houses and cars from removing people who were infringing their rights there, it would be pretty clear that the rights would be worth a lot less.

But how should we grant these patents? Is it sufficient to stick a virtual flag in meme space like a 16th century explorer? Should there be a time window when many can make a filing after the initial filing and the patent right auctioned to the highest bidder with all of the filers getting a portion of the royalties?

-----Update 2006-03-30 09:21-----

The Economist weighs in too. They say save injunctions for "irreparable harm" which strikes me as a rotten standard. Either money is good enough and royalties can be decided in the courts or it isn't and patent holders need a stick.