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The NSF Is Being Dismantled – With Broad Implications for the American Economy
- gammarator 1y ago> The Federal Reserve Bank of Dallas — hardly a partisan institution — finds that nondefense government R&D yields long-run economic returns of 150% to 300% and accounts for roughly a quarter of American productivity growth since World War II. The authors, economists Andrew Fieldhouse and Karel Mertens, conclude bluntly: “Our findings therefore point to a misallocation of public capital, and substantial underinvestment in nondefense R&D.”
- deleted 1y ago[deleted]