Some Cold Economics on the Biden Plan to Expand Nuclear Power

David Kemp, a policy analyst at the Cato Institute, offers sharp insights into the economic realities of nuclear power expansion under Biden. He critiques the ambitious timeline for increasing nuclear capacity, highlighting historical inefficiencies and financial hurdles. Kemp compares U.S. nuclear projects to those in France, discussing challenges that have caused delays and high costs. He also addresses the implications of subsidies and regulatory reforms, pondering their potential impact on taxpayers and the long-term sustainability of the nuclear industry.