Home > News > How to fix the broken US economy -- permanently
December 28th, 2009
How to fix the broken US economy -- permanently
Abstract:
Rather than spend trillions of dollars on fiscal stimulus to keep the economy on life support- as Japan has been doing for 20 years now - US policymakers should go in for an ambitious "government-directed industrial program to restructure the economy and make it viable again," Duncan argues. This would entail an additional $3 trillion investment in 21st century industries - $1 trillion each in solar energy, genetic engineering and biotechnology, and nanotechnology.
Such a massive government investment -- which could be easily funded (and he explains how)- would give the US an "unassailable lead in the technologies of the future" - and the US would be able to make products that the rest of the world desperately wants, "but which they can't buy anywhere else at any price." The kind of miracle that could be created with the $3 trillion government-directed program would be mind-boggling; no other country could envision investments on this scale, he reasons.
Source:
dnaindia.com
Bookmark:
| Related News Press |
News and information
Sensors innovations for smart lithium-based batteries: advancements, opportunities, and potential challenges August 8th, 2025
Deciphering local microstrain-induced optimization of asymmetric Fe single atomic sites for efficient oxygen reduction August 8th, 2025
Lab to industry: InSe wafer-scale breakthrough for future electronics August 8th, 2025
Govt.-Legislation/Regulation/Funding/Policy
New imaging approach transforms study of bacterial biofilms August 8th, 2025
Electrifying results shed light on graphene foam as a potential material for lab grown cartilage June 6th, 2025
Institute for Nanoscience hosts annual proposal planning meeting May 16th, 2025
Grants/Sponsored Research/Awards/Scholarships/Gifts/Contests/Honors/Records
New discovery aims to improve the design of microelectronic devices September 13th, 2024
Physicists unlock the secret of elusive quantum negative entanglement entropy using simple classical hardware August 16th, 2024
Atomic force microscopy in 3D July 5th, 2024
 |
||
 |
||
| The latest news from around the world, FREE | ||
 |
||
|
|
||
| Premium Products | ||
 |
||
|
Only the news you want to read!
Learn More |
||
 |
||
|
Full-service, expert consulting
Learn More |
||
|
|
||