Bloomberg

President Emeritus L. Rafael Reif joins Bloomberg’s Wall Street Week to highlight the importance of university research for the U.S. economy. “The federal government funds research at universities,” begins Reif. “Scientific research advances knowledge. And we do it here. And at the same time we educate the leaders of the future, who bring that advanced knowledge into the marketplace. That has been at the heart of the terrific ecosystem of innovation in this country.” He adds: “We have benefitted in the past 80 years from this terrific system, and not having access to that is going to basically kill the source of ideas that will power our economy for the next 80 years.”