Will Uncle Sam Be Dragged Kicking And Screaming Into The Lab?

The debate in Congress was fierce. Many lawmakers wanted the government to take its meddlesome fingers out of the nation's business. "To leave industry to itself is the soundest as well as the simplest policy," one argued. But it's unrealistic, countered the Treasury Secretary. Since other nations are supporting their key industries, he insisted, the U. S. can't depend on the free market's invisible hand. "The public purse must supply the deficiency of private resource," he wrote. "In what can it be more useful than in promoting and improving the efforts of industry?"

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