He suggests that the panics that ensued frequently lead to boom and bust cycles that are not healthy for scientific research, nor for the economic well-being of scientists and their research institutions. Nonetheless, claims of  "shortages" of scientists and engineers continue to be strongly promoted by industry lobbyists and others.
He proposes that the crises that occur frequently result in boom and bust cycles that are detrimental to scientific research, as well as the economic stability of scientists and their research institutions. Meanwhile, assertions of "shortages" of scientists and engineers continue to be vigorously advocated by industry lobbyists and others.