David Wessel Profile picture
May 17 9 tweets 6 min read Twitter logo Read on Twitter
Could the NIH – annual budget $47 billion – do better at spurring research that improves human well-being? If so, how?  My @BrookingsEcon colleagues asked several scholars for (short) proposals towards “Building a better NIH.”  brookings.edu/product/buildi… #BetterNIH
The debates that marked the founding of NIH (Vannevar Bush v Harley Kilgore) echo today.  Columbia’s Bhaven Sampat recounts the history and lessons for today, a concise and fascinating account. brookings.edu/wp-content/upl… #BetterNIH
How can NIH reduce the obstacles to risk-taking? Pierre Azoulay of MIT has some suggestions.  brookings.edu/product/buildi… #BetterNIH
Georgia State’s Stephan and Polytechnic’s Franzoni on how NIH can encourage more high-risk, high-reward research that is critical to scientific progress.  brookings.edu/product/buildi… #BetterNIH
Stanford Law’s Lisa Larrimore Ouellette has some ideas about how NIH can experiment with improving its approach to commercializing the research it funds.  brookings.edu/product/buildi… #BetterNIH
Why doesn’t NIH partner with social scientists and experiment to find the most effective ways to evaluate and fund research, asks Kyle Myers of Harvard Business School. brookings.edu/product/buildi…  #BetterNIH @BrookingsInst
Maya Durvasula of Stanford argues NIH is uniquely equipped to invest in better trial site selection and patient recruitment protocols so research produces evidence representative of the diversity of the population. brookings.edu/product/buildi…  #BetterNIH @BrookingsEcon
Arizona State’s Robert Cook-Deegan says NIH should do more research on public health and the dysfunction of the health care system, not just the biology of disease. #BetterNIH brookings.edu/product/buildi… @BrookingsEcon
The NIH should take a more active role in bridging the gap between science and the public, says former U.S. Rep. Rush Holt, a physicist.   brookings.edu/product/buildi… #BetterNIH @BrookingsEcon

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More from @davidmwessel

Oct 2, 2021
How did Sean Parker and EIG build a case for #OpportunityZones and, with Tim Scott’s help, get it into law. And what’s happened on the ground? My book 'Only the Rich Can Play’ pubs Oct 5. A 2-minute video preview
Here’s Al Hunt’s piece in The Hill on “Only the Rich Can Play” thehill.com/opinion/campai…
And an adaptation from my forthcoming book (out Tuesday, Oct 5) from the @WSJ wsj.com/articles/how-a…
Read 7 tweets
Oct 25, 2019
Final FY19 US budget tally

Receipts 16.3% of GDP
vs 16.4% in FY18
Outlays 20.9% vs
vs 20.2% in FY18
Deficit -4.6% of GDP
vs -3.8% in FY18

home.treasury.gov/news/press-rel…
At 4.6% of GDP, the federal debt was larger than any year since 2012 when the unemployment rate was above 8%.
the federal DEFICIT, I mean
Read 5 tweets
Sep 11, 2018
Liang, McConnell, Swagel: Eight lessons from the global financial crisis: (1) Prepare (at least ) for what is likely. brookings.edu/wp-content/upl… #FinCrisisLessons
Lesson 2: Prepare to be surprised.
Lesson 3: Communicate before during and after the crisis
Lesson 4: There will always be forces pushing against early intervention
Lesson 5: Late intervention limits the potential for good outcomes
Lesson 6: Late intervention may raise rather than lower potential for unintended consequences
Read 4 tweets

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