Bernanke urges government to promote R&D


Ben Bernanke, the chairman of the Federal Reserve, on Monday said the US government should take a more active role in supporting research and development to help boost growth in the economy.

At a conference on New Building Blocks for Jobs and Economic Growth, in Washington, DC, Bernanke said: "The tendency of the market to supply too little of certain types of R&D provides a rationale for government intervention. No matter how good the policy environment, ultimately, big new ideas are often

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