Trump’s Cuts to Science Funding Could Hurt U.S. Economy, Study Shows Highlight

A recent paper published by the Federal Reserve Bank of Dallas found that government investments in research and development accounted for at least a fifth of U.S. productivity growth since World War II.“If you look at a long period of time, a lot of our increase in living standards seems to be coming from public investment in scientific research,” said Andrew Fieldhouse, a Texas A&M economist and an author of the Dallas Fed study. “The rates of return are just really high.”