Fundamental, basic science, the foundation of US tech and biotech innovation, is a public good in the economics sense.
As @josephestiglitz.bsky.social puts it: a key feature of public goods is that without the gov’t they are underprovisioned.
/last vid
Fundamental, basic science, the foundation of US tech and biotech innovation, is a public good in the economics sense.
As @josephestiglitz.bsky.social puts it: a key feature of public goods is that without the gov’t they are underprovisioned.
/last vid
Scale. The NIMH budget alone is $2.4 BILLION. NIH’s budget is around $48 billion. In comparison @hhmi.org is $1B, the fabulous American Cancer Society is around $150M. We are talking about the diff between millions and billions.
3/
Scale. The NIMH budget alone is $2.4 BILLION. NIH’s budget is around $48 billion. In comparison @hhmi.org is $1B, the fabulous American Cancer Society is around $150M. We are talking about the diff between millions and billions.
3/