3min 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

The Risks of Buy America in the Infrastructure Act

Boehner: Buy America provisions in some of this industrial policy that's coming down the pike from the Biden administration. He says they pull really well, but Americans' suppliers are more expensive than foreign ones. The people who would otherwise be making that lumber and drywall here in the United States can make something else like semiconductor chips, he says.

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