A few readers have asked me to comment on the Government's $700 million 'Innovation Fund,' which its backers say will provide
A massive funding boost to New Zealand's food industry [which] aims to help sell more of the country's produce overseas.
"Surely even a libertarian can agree with getting our scientists to help our exports" said one of my correspondents. Well no, I don't, not when it's my money - and especially not when it's poured down a hole that commercial backers have so obviously already spurned.
And fortunately, I don't need to write much more than that myself, since Paul Walker has already said all I would want to say, and much more succinctly than I normally manage.