4min chapter

Plain English with Derek Thompson cover image

"Industrial Policy" Is the Hottest Idea in Economics. What Could Go Wrong?

Plain English with Derek Thompson

CHAPTER

Introduction

The U.S. is pivoting toward what some people call industrial policy that uses the government to support key industries like green energy manufacturing or advanced computer chips. Alexander Hamilton was the OG industrial policy guru, our first successful manufacturing firm, the Society of Useful Manufacturers. Three laws signed by Joe Biden herald a new dawn in direct government support of the economy.

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