Tyler Cowen

Well, I'm very worried about current Trump administration policies.

They change so frequently and so unpredictably.

It's a little hard to even describe what they always are.

So in that sense, it's a little hard to criticize them.

But I think they're scaring away talent.

They might scare away funding.

And especially the biomedical sciences, the fixed costs behind a lot of lab work, clinical trials, they're so high.

that if you scare money away, it does not come back very readily or very quickly.

So I think the problem is biggest, perhaps, for a lot of the biomedical sciences.

I do think a lot of reform there has been needed, and I hope somehow the Trump policies evolve to that sort of reform.

So I think the NIH has become too hidebound and far too conservative, and they take too long to give grants.

And I don't like how the overhead system has been done.

So there's plenty of room for improvement.

But I don't see so far, at least, that the efforts have been constructive.

They've been mostly destructive.

That's right.

That's a philanthropic fund.

And we now have slightly over 1,000 winners.

They're not all young.

I'd say they're mostly young.