Trumping Innovation

by Joseph Tomain | March 21, 2017

Yale economist William Baumol has written extensively on the connection between innovation and economic productivity. He has demonstrated that the United States has long been committed to promoting innovation, and through innovation, virtuous circles of economic growth are created. Unfortunately, the current administration appears committed to curtailing, even stopping, that growth.

The president's first budget has many targets. One, though, directly contradicts Baumol's research and, more problematically, directly contradicts the U.S. Constitution. From the Founding, it has been a fundamental principal of the United States "To promote the Progress of Science and useful Arts." Art. I, §8, cl.8. But the Trump 2018 budget imposes severe – some congressional Republicans call them draconian – reductions in these areas. Among the most drastic is the greater than 30 percent sledgehammer applied to the Environmental Protection Agency (EPA) and the elimination of the highly successful Advanced Research Projects Agency-Energy (ARPA-E).

Housed in the Department of Energy, ARPA-E was created by the George W. Bush administration in 2007 and was first funded in 2009 with an initial allocation of $400 million, and since then, the agency has provided more than $1.5 billion in funding dozens of programs totaling over 580 projects. ARPA-E funds early-stage energy technologies, demonstrations projects, and provides funding and other resources for commercial deployment. Target areas include energy storage, electric vehicles, alternative transportation fuels, "clean" coal, advanced ...

Uninformed and Unqualified: A Brief Run-Down of Rick Perry's Energy Department Nomination

by Alexandra Klass | January 23, 2017
There are few reasons for the Senate to confirm former Texas Governor Rick Perry as Secretary of the U.S. Department of Energy (DOE) and many reasons to oppose his confirmation. He famously vowed to abolish the DOE when he ran for president in 2012 (along with several other federal agencies) but then could not even remember the name of the agency when asked about it during the Republican primary debates. One might have guessed at that time that he knew ...
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