Why Federal R&D Policy Needs to Prioritize Productivity to Drive Growth and Reduce the Debt-to-GDP Ratio

September 17, 2019

The greatest driver of economic progress since the dawn of the industrial revolution has been the development and adoption of technology, especially to either automate work or eliminate the need for it. The federal government should significantly increase spending on research and development that specifically targets technologies likely to boost productivity in order to spur growth and reduce the budget deficit.