Law of Accelerating Cost Executive Summary:  America’s economic growth has been in decline for decades and some feel nothing can be done.  The “Law of Accelerating Cost” (LAC) postulates that to maintain economic growth as a constant percent of GDP, exponentially more R&D resources over time are required.  We have not been making these investments since the 1970s.  These resources can be effectively obtained in three ways: Increased federal and.. Read More