"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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Why Are Americans So Unhealthy? Part I: Is Ultra-Processed Food Killing Us?

Why Are Americans So Unhealthy? Part I: Is Ultra-Processed Food Killing Us?

Americans die younger and faster than the residents of almost every other rich country. Why? There's gun violence, drug overdoses, and car crashes. Young people are much more likely to die from these ...

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What Experts Really Think About Smartphones and Mental Health

What Experts Really Think About Smartphones and Mental Health

I'm very concerned about the relationship between smartphone use and America's mental health crisis. But many researchers don't see things my way. They insist that there is little to no empirical data...

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Plain History: How Adolf Hitler Destroyed German Democracy in Six Months

Plain History: How Adolf Hitler Destroyed German Democracy in Six Months

In November 1932, Germany was a republic. By the spring of 1933, it was a dictatorship. How did it all happen so quickly? Fascination with Adolf Hitler requires no news peg, but I’ve been particularl...

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Trump’s Big, Beautiful Bill Is Great for the "Stealthy Wealthy"

Trump’s Big, Beautiful Bill Is Great for the "Stealthy Wealthy"

The tax and spending bill passed by House Republicans last week is the sort of bill that does so many different things that even budget experts could be forgiven for not realizing just how many differ...

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The Gene-Editing Breakthrough That Saved a Baby’s Life

The Gene-Editing Breakthrough That Saved a Baby’s Life

Last year, Kyle and Nicole Muldoon welcomed their baby KJ into the world. Almost immediately, doctors realized something was wrong. KJ had been born with a genetic mutation that made it impossible to ...

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The Rules of Attraction and the Psychology of Romance

The Rules of Attraction and the Psychology of Romance

Psychology is hard, even when you’re just trying to understand what’s going on with one impossibly complex person. Romance psychology is particularly hard because you’re trying to understand what’s go...

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Plain History: How Norman Borlaug Stopped the Apocalypse

Plain History: How Norman Borlaug Stopped the Apocalypse

In every generation, important people predict that the end is near and the apocalypse is coming. In the 1960s, the fear was that population growth would destroy the planet—that fertility would outrun ...

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Why Do Americans Pay So Much for Drugs?

Why Do Americans Pay So Much for Drugs?

On Monday, President Donald Trump signed an executive order telling drugmakers to slash the prices of their medicines. Once again, the president showed an amazing nose for interesting questions. Stati...

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