The COMPETES Act: A top-down, pork-laden monstrosity
We’ve written before about the COMPETES Act, a massive corporate welfare/industrial policy scheme that a bipartisan gaggle of members of Congress are all too eager to pass before the mid-term…
Biden tries to revive massive corporate welfare scheme for semiconductors
While Congress inches closer to passing a final bill that would throw tens of billions of dollars at the semiconductor industry, Intel is getting ready to build such a plant…
There are plenty of good reasons to oppose semiconductor subsidies
Politicians of both major political parties and at all levels of government can usually agree on one thing: using tax dollars to subsidize select private companies is a good thing….
Biden administration doubles down on industrial policy
The Biden administration is redoubling its efforts to win House approval of legislation that would offer tens of billions of dollars of federal subsidies to semiconductor makers who relocate their…
Industrial policy is still a dumb idea
We’ve written about the return of industrial policy before, but it’s worth recalling just how bad this newly-popular idea really is. The Wall Street Journal’s Greg Ip writes that the…
A bipartisan Senate majority endorses a costly, unnecessary industrial policy
The U.S. Senate has decided to go all-in on a new U.S. industrial policy, voting 68-32 to approve a $250 billion package that is supposed to help America stay ahead…
No, we don’t need a new industrial policy for semiconductors
There’s a shortage of semiconductors in the world that’s affecting large sectors of the economy – from cars to phones and many things in-between. The normal economic response to shortages…
