How Thomas Edison, Mark Zuckerberg and Iron Man Are Holding Back American Innovation | Washington Post

May 22, 2012 |

New America’s Michael Lind proposed another idea: Use the bond market to create a “national R&D bank” that could tap into private capital, as Maine and California have done. The idea is similar to the “clean energy investment bank” proposed in 2008 to provide debt-financing for private investors to commercialize new research. But both proposals would invariably run into resistance from free-market purists who insist that the government shouldn’t be picking winners and losers.

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