trade deficit

jim dyson promotes innovation to cure economic woes.
Jim Dyson, legendary design engineer, in a piece for The Daily Beast, that whatever deficit fixes Washington comes up with near term, only expanding exports will grow the economy and keep deficits manageable in the long-run. Dyson encourages Congress to adopt Obama’s deficit-reduction commission’s recommendation to permanently extend the current temporary R&D tax credit. Dyson notes that China already surpasses the US in high tech exports but concludes that US companies are well-positioned to develop – with incentives that match their risk –  the innovative technologies and new products of the future. more via daily beast

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producer: dyson