https://www.youtube-nocookie.com/embed/K5bG2XiAXl4
Further reading:
Science, Technology, and Government by Murray N. Rothbard
The Economic Laws of Scientific Research by Terence Kealey
Liberty and Research and Development: Science Funding in a Free Society edited by Tibor Machan
Science Funding: Politics and Porkbarrel by Joseph P. Martino