Throwback Thursday: Expensive Credit Research Tainted With Bias

The National Science Foundation’s program called Research Applied to National Needs spent $397,000 in 1976 — more than $2 million in 2022 dollars — for a scientific and unbiased study but awarded the contract to a biased party, earning it the Golden Fleece Award for July that year.

Sen. William Proxmire, a Democrat from Wisconsin, gave awards to wasteful and nonsensical spending, eventually handing out 168 Golden Fleece Awards between 1975 and 1988.

OpentheBooks.com

 

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