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I'd recommend reading instead the article on which that one is based: The Case Against Public Science

I'm not sure. It seems like the crux of Kealey's argument is whether public spending crowds out private spending on science since I think he gives strong evidence that public spending is significantly less efficient than private spending. At times I feel like he's almost taking this as a given. Kealey says there is evidence of crowding out, but I can't see where he presents this evidence. In the replies, two of the commenters don't even mention it, and the only one who does mention it, David Guston, is skeptical of Kealey's claim.

Public Spending on Science seems to be cut first during budget disputes. Given the US debt levels this might be an easy argument to win.
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