Well let's chalk up one point of agreement then before I go on.
I object to anything that is likely to result in profitable spinoffs with a decade.
How about never useful? Lots of this stuff is only going to procreate PhDs in nuclear physics who will have no place to go except academia and publish papers with research paid for at the taxpayers expense, who will then train a whole new generation of larval graduate students and start the same cycle over again.
The 30s demonstrated that interest rates too low to recompense risk can vapor lock an economy just as effectively as too high interest rates.
A far greater danger is the government sapping too much of the economy for political ends which have no yield except for votes and perks to the political class.. Bush's budget would make a Democrat proud., but that's getting off topic
We need more govt. spending right now, enough to drive the prime rate up to at least 4%.
You really mean this? You remember Limbaugh's comment about taxing ourselves into prosperity? This is exactly what you're proposing, because government spending comes from government money. The ONLY source for government money is taxes both now and on future generations, since it appears that the government is unwilling to sell assets to even reduce a tiny part of its expenses. So what you're proposing is taxing ourselves into prosperity. It just doesn't work.
How about never useful? Lots of this stuff is only going to procreate PhDs in nuclear physics...
That's the thing about basic research, you can't tell what possible use it will be. It is always a crapshoot.
If you can tell if research will have a profitable result, then it is aplied research and belongs in the private sector.
"The 30s demonstrated that interest rates too low to recompense risk can vapor lock an economy just as effectively as too high interest rates."
A far greater danger is the government sapping too much of the economy for political ends ...
Could be, but not now. The reason the Fed Funds rate is down to 1% is that there is far more money available than there is demand.
"We need more govt. spending right now, enough to drive the prime rate up to at least 4%."
You really mean this? You remember Limbaugh's comment about taxing ourselves into prosperity? This is exactly what you're proposing, .... It just doesn't work.
Rush has begun to sound like Perrot. Every answer is Realll Simple, but not every problem has a simplistic answer.
Saturday, posters were beating up on me claiming I was really a Libertarian in Conservatives Clothing.
Lord only knows what y'all are gonna think.
Gotta Go.
So9