Spain, following the European playbook on how to consolidate a un-welfare state, is trying to hide part of the growing productivity gap with the United States and other freer countries by spending taxpayer money on R&D. This administration is, once again, falling for the constructivist socio-economic myth. It doesn’t seem to understand the research and development that really contribute to improving productivity cannot be achieved through state-injected funds, but only by cutting red-tape, taxes and, of course, public spending. Absolute investment numbers in R&D don’t matter. The people’s needs are what matter. And those are best met if the investors find a free market and develop a project with their own resources. The government should stick to trying to end the monetary inflation it fosters and ensuring politicians leave us alone. Let the rest of us worry about innovative investment.