U.S. pharmaceutical innovation has been disproportionately funded by U.S. consumers of patented drugs.
If more innovation programs were all we needed to solve our innovation problems, they would have been solved a long time ago.
Government-sponsored venture capital initiatives tend to underperform compared to initiatives funded by the private sector.
By reducing the rewards of investment and entrepreneurship, governments in Canada have discouraged the very activity they profess to encourage.
The federal budget reveals the wish lists of government departments.
The federal government is not properly measuring the effectiveness of 90 per cent of its spending on innovation and skills training.
Carefully thinking out regulation is a lot easier to do after the fact.
Regulations are difficult to remove once implemented, as they create groups in society with vested interests in preserving regulations
Today, with the comfort and leisure of modern open markets, we can scarcely imagine the back-breaking work of yore.