OK, telegraph, we see that you are not a fan of government intervention in the market. There are many, many instances where government intervention has been disastrous. The one that comes to mind is Urban Renewal. It did more to destroy our cities than anything I can think of. So I am not a big fan of it either.

The problem with the market is that it is so short-sighted, especially these days. I do think government has a role in promoting new industries. Certainly almost every developed nation does so. I think that tax money spent to help emerging technology is a good idea.

One example of this is DARPA. Their investment in ARPAnet resulted in our being able to communicate on the Internet. There are many other instances where government investment in technology has paid off. By its nature, investment in new technology companies has high risk. I think that overall the risk is worth the reward. It a better use of my tax dollars than much of what our government spends. My favorite is still the Bridge to Nowhere, but there are too many others to count.