Thursday, December 18, 2008

Democrats Vow to Push a Science Agenda - TIME

"(The Democrat panel) also suggested the government's role in spurring scientific innovation should include improving infrastructure — from labs to computer networks — and making long-term funding commitments to researchers. 'Funding for science is so shaky, scientists themselves end up being risk-averse,' says Holt — a lack of certainty that he feels tends to stifle innovation."

One of the very few unimpeachable points concerning economics is that government investment in research and development has high returns, usually around 25-35% and at times as high as 120-140%.

Why? Risk reduction and infrastructure to promote more R&D. The Democrats are heading in the right direction here.

For a change.

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