"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

Episoder(361)

Three Ways the Elon Musk–Twitter Showdown Could End

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Burning Questions About the Future of Media: Netflix vs. Disney, TikTok vs. Everyone, and the Metaverse

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Derek has so many thoughts on Elon Musk's bizarre attempted breakup with Twitter—and what comes next—that he has to enumerate them. In this episode, he goes through five reasons Elon is trying to wrig...

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The Biggest Economic Question of the Moment: Is This Peak Inflation?

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The question everybody's asking on cable news right now is whether we're in a recession. I think there's an even more important question to ask: Are we at peak inflation? If inflation U-turns, it mean...

8 Jul 202232min

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Today’s episode is about the story of the moment—gun violence. There’s been a surge of violent shootings, mass shootings, and gun-related murders in the last few years. Today, Derek investigates a mys...

6 Jul 202247min

Abortion Pills Are a Game Changer, Plus Our Next Big Culture War

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In last week's instant reaction pod, Derek said he thought abortion pills were one of the most fascinating and important aspects of the end of the era of Roe. In this episode, he goes deeper into how ...

1 Jul 202237min

Five Reasons Everybody Is Wrong About a U.S. Recession—Including Me

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I feel like the theme of this podcast recently has been that everything is going off the rails: the Supreme Court, inflation, oil prices, air travel snafus. Take the economy, for example. My theory fo...

28 Jun 202237min

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We react to the landmark Supreme Court decision and explain how it could affect the future of the court, national politics, fertility and family planning, state law, corporate policy, and more. To fur...

24 Jun 202242min

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