So they/you were only off by 170%? THIS is why I asked about the original estimate. You were making the assertion of what a great and wonderful investment it was. I thought you should be the one to back it up. "Incalculable"? Give it your best try. Skimming over the link I didn't notice much in the way of any intrinsic value so far. Potential future benefits yes, absolutely. So given your best estimate of the "incalculable" benefit(s) so far. What is the ROI to date you think?
Old Reagan joke went something like: Reporter: Mr. President, why are you cutting education? Reagan: Because we can't afford it. Rep: Mr. President, why are you cutting hospitals? Reagan: Because we can't afford it. Rep: Mr. President, why are you cutting highway repairs? Reagan: Again, we can't afford it. Rep: So Mr. President, why are you increasing military spending? Reagan: We can't afford to not protect our nation's education, hospitals and highways.
You understand that this was one of our best investments ever. It is right up there with the Louisiana purchase and the Seward's Folly. However the payoff in the case of the genome project came much sooner. And, no, I'm not going to be your slave anymore, look up the specific benefits for yourself, Slug. Here's a hint: type "genome project benefits" into your google browser. Check out the article in "nature".
I did, but couldn't find any ROI. I figured being such a knowledgeable big time supporter you'd have that info.
http://www.nature.com/news/economic-return-from-human-genome-project-grows-1.13187 We at just at the beginning, the first chapter, so to speak.
Thanks, looks like the ROI is definitely positive. Even if "they" can't agree by how much. "But other studies, although not strictly focused on the economic impact of genomics, have reached more modest conclusions. A broad-based 2009 analysis1 by researchers affiliated with the non-profit National Bureau of Economic Research in Cambridge, Massachusetts, suggested returns of just $2.50â$3 for every dollar spent on research and development."