Industrial Policy Insights
Scott highlights the overlooked potential of deregulation as a solution to industrial policy challenges, suggesting that eliminating zoning laws could lower housing costs and create jobs. He argues that many proponents of industrial policy tend to favor more regulation, which could hinder economic growth. Additionally, he emphasizes the importance of a strong economy for geopolitical strength, pointing out that fears regarding China's influence may be exaggerated.In this clip
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EconTalk
Why Industrial Policy Is (Almost) Always a Bad Idea (with Scott Sumner)
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