“is not that industrial policy always fails. That's a bit…” — Cato Audio at 1:01:00
“is not that industrial policy always fails. That's a bit of a caricature of the libertarian argument. Instead, the argument is that industrial policy's costs, all of those economic, political, geopolitical things I mentioned, far outweigh its actual tangible benefits. That industrial policy, in practice, is hard to…”
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