by innovation in America may prove as difficult as inventing a true market economy in the ruins of the Soviet empire. Europeans and Japanese who avoided the statist excesses of the cold war will most likely lead real human progress in both energy and space. Adapting to the end of the cold war era requires a keen appreciation of the dysfunctions caused by creating research and development bureaucracies immune from private market discipline whether directly on the federal payroll, or funded for decades in the academy. While the amount of money spent on such programs may seem trivial compared to the S & L bailout or the 1980s defense buildup, the "opportunity costs" are more serious than the dollar cost to the public. There is a real danger that such entitled programs and their lobbies can stifle authentic private sector innovation that threaten their "market position" which depends on prestige in government eyes and the media, not actual financial effectiveness. "DT chauvinism" in the APS or the desire by much of NASA to return to the Moon should not blind the rest of the scientific community, America's Congress or the press to developments that may lead energy and space activity into new and sounder directions. REFERENCES [1] Fleischmann & Pons, (1989) Electroanalyst Chem, pp. 261, 301. [2] JONES S. E., (1989) "Observation of Cold Fusion in Condensed Matter" Nature N. 338 p. 737. [3] KUHN Thomas, (1970) The Structure of Scientific Revolutions, University of Chicago Press. [4] Lunar Helium-3 and Fusion Power, (1988) NASA Conference Publication 10018 of Conference Proceedings held at the Lewis Research Center, Cleveland OH April 25,26. [5] Tan W.P.S., (1976) "Muon Catalyzed Fusion for Pellet Ignition", Nature, 263(5579) 656-659. [6] JONES & RAFELSKI, (1987) "Cold Nuclear Fusion", Scientific American, July, p. 84. [7] JONES, see also Physics Today, 37-1-544 1984, and B. Am Phys S. 20 (4): 591 1975 , 21(4):688 1976 22(1):75 1977 and Fusion Technology, 10-1:157 1986. [8] Emett, Nuckolls, & Wood, (1974) "Fusion Power by Laser Implosion", Scientific American, April Vol. 230 No. 6. [9] CRAXTON, McCrory, Soures, (1986) "Progress in Laser Fusion" Scientific American, Aug. V 255 #2. [10] The New York Times. A. 4-14-89 Paladium futures B. 4-19-89 Italian lab report C. 5-3-89 APS meeting at PrincetonD. 5-3-89 Editorial attack from Lawrence Livermore E. 5-25-89 Conference at Santa Fe denounces cold fusion F. 5-30-89 Scientists discount cold fusion G. 6-20-89 Losing hot fusion race to Japanese
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