Cato Club Naples

Thursday, December 11, 2014
Grey Oaks Country Club
2400 Grey Oaks Drive North
Naples, FL

By invitation only
To become a member of Cato Club Naples, please contact Jenna Huhn at jhuhn@​cato.​org or 202–218-4617.

Featuring Terence Kealey, Author, The Economic Laws of Scientific Research and Michael Tanner, Senior Fellow, Cato Institute; moderated by Robert Levy, Chairman, Cato Institute.

Do we need to spend more tax dollars on scientific research? Biochemist Terence Kealey says that economic growth depends on innovation, but science and research are more successful when they’re privately funded. A 2003 OECD international survey found that only privately funded R&D led to growth; government‐​funded R&D had no beneficial effects. Businesses love corporate welfare, universities love grants, politicians love to take credit for scientific breakthroughs – but science and research are not public goods and will produce more benefits for society if we leave them to the market.

Our national debt is about to top $18 trillion. But our real indebtedness is far worse. Counting the unfunded liabilities of Social Security, Medicare, Medicaid, and Obamacare, America’s debt exceeds a whopping $83 trillion. Mike Tanner— whose expertise encompasses healthcare, welfare, and entitlements—will discuss the growing threat posed by the rising tide of red ink, and the crucial need to reform the government.

11:30 a.m. – 12:00 p.m. Registration
12:00 – 2:00 p.m. Policy Forum and Luncheon 

Does Government Undermine Scientific Progress?

Terence Kealey, Author, The Economic Laws of Scientific Research

Going for Broke: Deficits, Debt, and the Entitlement Crisis
Michael Tanner
, Senior Fellow, Cato Institute

For further information, please contact Mackenzie Johnson at 202–789-5226 or mjohnson@​cato.​org.