Is This the New Busword of Economy?

Industrial policy is perhaps the new busword. We're not in the age of stimulus any more. The chips act is not just a science and micro chips act. It's also a blue sky energy transition, clean energy act. So it contains 67 billion dollars worth of subsidy for the development of radical new energy technologies. Over the next decade, the federal government will be spending about 80 billion dollars a year on renewable technologies.