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Episode 186: U.S. Manufacturing Health: Does the U.S. Need an Industrial Policy?
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Host Joe Selvaggi interviews Scott Lincicome from the Cato Institute. They discuss the U.S. manufacturing industry, international trade, and industrial policy. They dispel the myth of manufacturing decline, highlighting sector evolution and productivity. The conversation moves to industrial policy, emphasizing the need for targeted protection and cautioning against broad subsidization due to potential inefficiencies. Benefits of free markets and globalization for consumers are underscored, with a brief touch on immigration as a solution to labor shortages and a debate on protectionism and tariffs.
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