
"Moment of Zen"
Scott Sumner and Noah Smith Debate the China Question
Jan 18, 2025
Scott Sumner, a renowned monetary economist, and Noah Smith, an adept economics writer, engage in a lively debate over America's industrial future amid China's manufacturing ascendancy. They discuss the significance of industrial policy, with Sumner favoring measured engagement and Smith insisting on bold action to counter China's rise. Their conversation also touches on the effectiveness of recent U.S. initiatives like the CHIPS Act, emphasizing the necessity of robust policies to address economic and geopolitical challenges.
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Quick takeaways
- Scott Sumner advocates for a cautious approach to industrial policy, emphasizing neoliberal practices over aggressive state intervention in economic strategies.
- Noah Smith argues for the necessity of industrial policies to counter China's rise, citing successful initiatives to enhance American manufacturing capabilities.
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