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May 23, 2012

Comments

1) Almost all public statements by scientists translate as "Give me da money".
2) Anyway, physics has been stuck for decades and it may well be that what's lacking is a Newton, not a mountain of cash.

The last paragraph in the Weinberg piece:
"It seems to me that what is really needed is not more special pleading for one or another particular public good, but for all the people who care about these things to unite in restoring higher and more progressive tax rates, especially on investment income. I am not an economist, but I talk to economists, and I gather that dollar for dollar, government spending stimulates the economy more than tax cuts. It is simply a fallacy to say that we cannot afford increased government spending. But given the anti-tax mania that seems to be gripping the public, views like these are political poison. This is the real crisis, and not just for science."

This is economic ignorance.
The private sector invests money because it expects a return, that is, it spends a dollar because it expects it will get back a dollar plus a few cents. The public sector spends money expecting that it will get back less than a dollar in return. There are exceptions, but they don't count when spending money the way Weinberg wants to spend public money.

The private sector, despite sitting atop record amounts of corporate cash, isn't investing. Why? Because it doesn't expect that "plus a few cents." Whether additional government spending can (or perhaps should) convince them that they should expect to see some reason to spend and invest now is perhaps a different conversation.

Aside from all of that, complaints about government spending on science really just gives me a chance to reflect on one of my favorite Monty Python scenes:

http://www.youtube.com/watch?v=ExWfh6sGyso

Well you can test your altruism with http://www.petridish.org/ where you can "kickstart" science and scientists.

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