Does Every Country Need Their Own DARPA?

Today: Philippe Aghion, why everyone loves DARPA, why that model’s not valid anymore, thumbs up/down for last week.

The Agenda 👇

• French star economist calls for a French DARPA

• But France is a follower, not a leader

• Plus France is small, not large like the US

• Governments and universities aren’t what they used to be

• Thumbs up/down: Substack, TikTok, Trump, the economy, Taiwan