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

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

Under President Biden, the U.S. is pivoting toward what some people call “industrial policy”—that is, using the government to support key industries, like green energy manufacturing and the manufacture of advanced computer chips. There is a strong case against industrial policy in economics: It’s the idea that governments do not know better than markets when it comes to picking winners, and industrial policy just wastes money and distorts the economy. But there’s another view, which is that industrial policy is utterly necessary to help the U.S. build an abundance of computer chips and green energy infrastructure. Greg Ip, the chief economics commentator at the Wall Street Journal, helps us separate fear from fact as we talk about industrial policy. Host: Derek Thompson Guest: Greg Ip Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Donald Trump vs. the FBI: Everything We Know About the Investigation So Far

Donald Trump vs. the FBI: Everything We Know About the Investigation So Far

I've never before recorded an episode specifically about Donald Trump. I guess I’ve been holding out for the chaos that typically swirls around him to exceed an extremely high bar of freaky nonsense. ...

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A New Way to Think About Racism in America

A New Way to Think About Racism in America

Several years ago, the writer, researcher, and policy advocate Heather McGhee traveled around the country to report on how racism in America holds us back from policies that would benefit everybody. I...

12 Elo 202244min

Carbon Removal Might Be the World’s Most Important Technology. How Does It Work?

Carbon Removal Might Be the World’s Most Important Technology. How Does It Work?

Last year, somebody explained the problem of climate change to me with a metaphor that I’ve never been able to forget. They said: Imagine a bathtub. The bathtub is the planet’s atmosphere. The faucet ...

9 Elo 202246min

Curiosity Corner: Monkeypox Myths, Millennial Facts, and Overpopulation Fears

Curiosity Corner: Monkeypox Myths, Millennial Facts, and Overpopulation Fears

In our second "Curiosity Corner" mailbag, Derek takes your burning questions. He breaks down the myths around how monkeypox spreads, and blasts public health officials for not being more specific abou...

5 Elo 202230min

Is Old Music Killing New Music?

Is Old Music Killing New Music?

Why does it seem like the old is eating the new in pop culture? This year, the song of the summer is arguably Kate Bush’s “Running Up That Hill”—which was released in 1985. It was launched by the most...

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How the Democrats' New Climate Bill Could Change the World

How the Democrats' New Climate Bill Could Change the World

“Every few years, American politics astonishes you.” That’s how The Atlantic journalist Robinson Meyer began his report on the Democrats' new climate deal, which would invest record-breaking sums in c...

1 Elo 202224min

Why the Question "Are We in a Recession?" Is Impossible to Answer

Why the Question "Are We in a Recession?" Is Impossible to Answer

On Thursday, the Bureau of Economic Analysis announced that GDP dropped for the second consecutive quarter, fueling fears that the economy is in a recession. Today's guest is Austan Goolsbee, a profes...

29 Heinä 202239min

Crypto Crash, Part II: A Debate About the Future of Web3

Crypto Crash, Part II: A Debate About the Future of Web3

Today is the second half of our special two-parter on the state of crypto. Yesterday’s theme was the case against. Today we debate the case for. In the last few weeks, use-cases have become a popular ...

26 Heinä 202254min

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