This may be a great policy success or the biggest fiscal blunder since the early 1930s. More likely, it will be in between, says Martin Wolf.
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In the podcast this week: We talk to Andre Geim, the latest Nobel prizewinner in physics about his discovery of graphene, flying frogs, the importance of humour in science and the subject of funding. We also hear from US Food and Drug Administration commissioner Margaret Hamburg about science and regulation. Science Mag reports on how practising for tests and exams improves memory and learning.
Presented by Clive Cookson with Andrew Jack and Diana Garnham in the studio.
Produced by LJ Filotrani