As Secretary Geithner Highlights Nanotechnology…

Treasury Secretary Timothy Geithner is visiting an Arkansas manufacturer that specializes in nanotechnology today, using the stop at NanoMech to highlight the benefits of the R&D tax credit.

The company website (hey, a .biz domain name!) reports fascinating news about its products, including nano-engineered body armor and nano-lubricant technology. So we should expect some commentary from Secretary Geithner about the Administration’s views on nanotechnology.

We always turn to Instapundit to catch up on the latest developments in the technology and policy, and in doing so this morning, spot this post:

WELL, IT’S CAUSING A LOT OF OTHER PROBLEMS: Is policy uncertainty the cause of anemic growth in nanotechnology innovation?

Instapundit’s Glenn Reynolds links to a blog post from the Foresight Institute, which builds on a column at Nanotechnology Now from Skip Rung, president and executive director of ONAMI, the Oregon Nanoscience and Microtechnologies Institute.

In “Getting our Groove Back in Manufacturing Innovation: Nanomaterials, Green Nanotechnology and Policy Uncertainty,” Rung writes:

Post-November 2010, Washington DC swears it recognizes how vitally important entrepreneurs and innovation are, and that regulations will be reviewed for costs vs. benefits (if you believe for even a femtosecond that anything useful will come of that, call me about investing in my new flubber company). And of course, the crowd-pleasing soundbite “staple a green card to science and engineering advanced degrees” continues to be heard from politicians of both major flavors. Anyone currently attempting to keep a key PhD employee here (rather than be sent back to China to compete with them) is thoroughly sick and tired of hearing that empty promise.

If all that and the spectacle of politicians doing everything, anything, except address the impending public insolvencies hasn’t made you suicidal, then I guess you’re like the optimist in me that says ‘policy uncertainty’ in the face of what often seems like firm determination on the part of the U.S. government to undermine its own economy.


Here are the other Instapundit links on nanotech posted this year.

Leave a Reply