Stimulus for innovation?

Some argue that any U.S. economic stimulus package should include an emphasis on spending to promote innovation.

Reading Time:
Already a member?
Not a member?
Sign up today
Member
Free

5 free articles per month, $6.95/article thereafter, free newsletter.

Subscribe
$75/Year

Unlimited digital content, quarterly magazine, free newsletter, entire archive.

Sign me up

Should any U.S. economic stimulus package include an emphasis on spending to promote innovation — such as investments in the country’s digital infrastructure? That’s an argument some are making, according to a recent article in The New York Times. One notable quote in the article was from an interview with Nobel-prize winning economist Joseph Stiglitz of Columbia University. Stiglitz observed:

Bailouts…are aimed at correcting the mistakes of the past, so they are backward-looking. We would be much better off spending our money forward-looking. If we spend $700 billion on new technology and innovation, we’d have a stronger, new, real economy.

Read the Full Article

More Like This

Add a comment

You must to post a comment.

First time here? Sign up for a free account: Comment on articles and get access to many more articles.