Still it would seem to make some amount of sense for federal aid to be restricted to economically advantageous persuits, no? Doesn't mean that's the only thing institutions can offer nor do I necessarily think it's the best way to improve the status quo.
On the contrary, who else is going to fund fundamental research that is not immediately useful? Stuff that prints money will have no problem finding funding, looking at the greater picture is exactly what the government is supposed to do