Industrial Policy in the Form of Corporate Welfare Isn't Going to Improve our Economy

Part of the Biden administration's economic strategy seems to be a hard leaning in towards industrial policy. The government gives subsidies, tax breaks, and more money to corporations to encourage them to take on projects the government finds favorable, and in the process create thousands of jobs for the American worker, and everyone benefits. But does this strategy actually work? And can industrial policy simply become another form of corporate welfare? Veronique De Rugy from Reason joins the show.

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