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Lots of knee jerk hate on the government for spending money in this thread. Investing in R&D (and infrastructure) is more or less the best investment the gover
by nscalf 5y ago
Lots of knee jerk hate on the government for spending money in this thread. Investing in R&D (and infrastructure) is more or less the best investment the government can make. Historically these investments have been incredibly successful, and have allowed the US to lead the world in a number of ways. We have some of the best researchers in the world, we should give them money to do their research.
On the hate for government contractors---like any R&D investment, they don't all pan out. This is why we make redundant investments. Overall, the ROI has been very positive even including the failures.
On the increased size of government spending---we're already spending trillions, I know it sounds big, we've inflated very quickly. This is how watered down money is now though, we need to adapt to the new inflated price of things. Personally, I have a huge amount of patience for investments in technology research. The other way we get out from under debt is raising taxes. Would you rather see tax rates hike and no real progress be made, or returns from investments help get us out from this hole and advance technology?
- graycat 5y agoThere is a point rarely mentioned but likely important: Academic research is highly competitive. Doing well in an academic career is essentially the same as doing well in the competition. In particular, the Federal government, Congress, the NSF and NIH don't have to check the quality of the work closely for each grant because the academic system will check the quality before a researcher gets progress in their career.