A Defense of Weird Research—Asterisk

Federal funding of scientific research, including seemingly obscure projects, consistently yields high returns with estimates suggesting $14-70 in social benefits per dollar spent. Government-funded basic research often leads to unexpected breakthroughs, like CRISPR and ARPANET, taking approximately 20 years from discovery to practical application. Private sector cannot effectively fund basic research due to long timelines and inability to capture full value, making government funding crucial for scientific advancement.