Why Industrial Policy Is (Almost) Always a Bad Idea (with Scott Sumner)
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Welcome to Econ Talk, Conversations for the Curious, part of the Library of Economics and Liberty. I'm your host, Russ Roberts of Shalem College in Jerusalem and Stanford University's Hoover Institution. Go to econtalk.org where you can subscribe, comment on this episode, and find links and other information related to today's conversation. You'll also find our archives with every episode we've done going back to 2006. Our email address is mail at econtalk.org.
We'd love to hear from you. Today is November 12, 2024. My guest is economist Scott Sumner. His substack is The Pursuit of Happiness. This is Scott's sixth appearance on the program.
He was last year in April of 2015. Talking about interest rates, our topic for today is his essay on government intervention versus free markets and industrial policy generally, the title What Economists Don't Know: Why Industrial Policy Will Disappoint. Scott, welcome back to Econ Talk. Thanks for inviting me, Russ. Good to be here.
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