Does Government R&D Policy Mainly Benefit Scientists and Engineers?

By Larry Kummar – Re-Blogged From WUWT

Does this apply to Climate Science?

Paper By Austan Goolsbee

NBER Working Paper No. 6532, Issued in April 1998

Conventional wisdom holds that the social rate of return to R&D significantly exceeds the private rate of return and, therefore, R&D should be subsidized. In the U.S., the government has directly funded a large fraction of total R&D spending.

This paper shows that there is a serious problem with such government efforts to increase inventive activity. The majority of R&D spending is actually just salary payments for R&D workers. Their labor supply, however, is quite inelastic so when the government funds R&D, a significant fraction of the increased spending goes directly into higher wages. Using CPS data on wages of scientific personnel, this paper shows that government R&D spending raises wages significantly, particularly for scientists related to defense such as physicists and aeronautical engineers. Because of the higher wages, conventional estimates of the effectiveness of R&D policy may be 30 to 50% too high.

The results also imply that by altering the wages of scientists and engineers even for firms not receiving federal support, government funding directly crowds out private inventive activity.

Full paper here.

H/T Larry K of the FabiusMaximus website.

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Let’s Do Follow the Climate Money!

By Paul Driessen – Re-Blogged From WUWT

Climate Crisis Inc. gets billions to promote imaginary manmade cataclysm – but attacks realists

The climate crisis industry incessantly claims that fossil fuel emissions are causing unprecedented temperature, climate and weather changes that pose existential threats to human civilization and our planet. The only solution, Climate Crisis, Inc. insists, is to eliminate the oil, coal and natural gas that provide 80% of the energy that makes US and global economies, health and living standards possible.

Failing that, CCI demands steadily increasing taxes on carbon-based fuels and carbon dioxide emissions.

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Italy Proposes €6000 (US $6800) Vehicle Sales Tax to Subsidise Green Electric Vehicles

By Eric Worrall – Re-Blogged From WUWT

h/t Dr Willie Soon / Steve Milloy – the Italian government has proposed plans to subsidise sales of electric cars, by taxing sales of gasoline and diesel cars.

Italy proposes measures to spur sales of low-emission cars

MILAN/ROME (Reuters) – Italy plans to offer subsidies of up to 6,000 euros ($6,800) to buyers of new low emission vehicles and will increase taxes on new petrol and diesel cars, two government officials said on Wednesday.

Concerns over climate change are pushing European lawmakers to tighten emissions regulations, but the car industry says that would harm its competitiveness.

RomeThe Imperial fora belongs to a series of monumental fora (public squares) constructed in Rome by the emperors. Also in the image can be seen the Trajan’s Market. By Rabax63Own work, CC BY-SA 4.0, Link
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Hoodwinking Hoosiers in the Name of Renewables

By James Taylor – Re-Blogged From American Spectator

Brown-to-Green Report: “G20 Nations Still Led by Fossil Fuel Industry”… Because Fossil Fuels Are Good for People

By David Middleton – Re-Blogged From WUWT

G20 nations still led by fossil fuel industry, climate report finds

Coal, oil and gas subsidies risking rise in global temperatures to 3.2C, well beyond agreed Paris goal

Jonathan Watts, Wed 14 Nov 2018

Climate action is way off course in all but one of the world’s 20 biggest economies, according to a report that shows politicians are paying more heed to the fossil fuel industry than to advice from scientists.

Among the G20 nations 15 reported a rise in emissions last year, according to the most comprehensive stock-take to date of progress towards the goals of the Paris climate agreement.

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Failed Oregon Solar Equipment Plant Leaves Behind Millions in Taxpayer Losses

By Bonner R. Cohen From The Heartland Institute – Re-Blogged From WUWT

A multi-year effort by federal, state, and local agencies to prop up an Oregon solar-panel manufacturer has ended in a shuttered factory, millions of taxpayer dollars down the drain, and a heavily polluted manufacturing site.

solar-panel-manufacturing-rightsize

A multi-year effort by federal, state, and local agencies to prop up an Oregon solar-panel manufacturer has ended in a shuttered factory, millions of taxpayer dollars down the drain, and a heavily polluted manufacturing site.

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Rooting Out Scientific Corruption

By Paul Driessen – Re-Blogged From WUWT

Recent actions show reform is in the wind, but much remains to be done, especially on climate

Dr. Brian Wansink recently resigned from his position as Columbia University professor, eating behavior researcher and director of the Cornell “food lab.” A faculty investigation found that he had misreported research data, failed to preserve data and results properly, and employed dubious statistical techniques.

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