As long as scientists are free to pursue the truth wherever it may lead, there will be a flow of new scientific knowledge to those who can apply it to practical problems.
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Source, in full
As quoted by George H. W. Bush in remarks while presenting National Medals of Science and Technology (13 November 1990). This might be a paraphrase of statements from his introduction to "Science The Endless Frontier" (1945), rather than a direct quote. (see below)