This episode explores the need for a renewed approach to science and technology policy, advocating for a shift from incremental improvements to bold, transformative innovation. Against the backdrop of slow progress on crucial projects like California's high-speed rail, the discussion highlights the detrimental effects of bureaucratic processes that prioritize procedure over outcomes. More significantly, the conversation delves into the historical context of American science policy, tracing its evolution from a post-WWII growth-oriented model to a more cautious, regulatory framework. For instance, the authors discuss how the very policies designed to protect the environment in the mid-20th century now hinder progress on crucial initiatives like clean energy and affordable housing. The interview proposes solutions such as "pull funding" mechanisms and a more experimental approach within institutions like the NIH, empowering younger scientists to pursue high-risk, high-reward research. Ultimately, the episode emphasizes the importance of institutional renewal and a renewed focus on solving the problems of the present, rather than clinging to outdated systems. What this means for the future is a call for a more agile, outcome-driven approach to science and technology policy, fostering innovation and progress across various sectors.