"Hardly Better than Wild Guesses" [Serge]

My light blogging has been the result of me trying to finish up my last term at Biola University - not from a lack of blogable material. Choosing the most disingenuous argument from those in favor of the destruction of human embryos for research is challenging. However, I believe the argument that a state should borrow money to fund the killing of human embryos as a sound, profitable economic policy is the worst. The idea that we should spend tax dollars on highly speculative research as an economic investment is simply wrong.

I'm not the only one who believes so. I believe I would disagree with almost every thing that author Russel Korobkin states in his book Stem Cell Century, but even he agrees that this line of reasoning is mistaken. Guest blogging at the Volokh Conspiracy, he says this about the economic estimates from destructive ESCR:

How much of a return will the investment provide for New Jersey? To say the answer is uncertain would be an understatement. The projections that have been published ($2 billion is bandied about by supporters of the bill) are hardly better than wild guesses. Direct tax revenues and potential revenue-sharing from the developers of blockbuster inventions will return only a small portion of the expenditure to state coffers.