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Caleb Watney on risk and science funding
marginalrevolution.com/marginalrevolution/2025/03/caleb-watney-on-risk-and-science-funding.htmlRight now, DOGE is treating efficiency as a simple cost-cutting exercise. But science isn’t a procurement process; it’s an investment portfolio. If a venture capital firm measured efficiency purely by how little money it spent, rather than by the returns it generated, it wouldn’t last…
This story appeared on marginalrevolution.com, 2025-03-20 14:09:37.