US government is ‘helping’ high-tech manufacturing to death
Fox News
The US government hinders high-tech manufacturing instead of providing a true helping hand. Monetary policy, tariffs and deficit all contribute to the problems facing firms.
The Democrats’ Inflation Reduction Act and the bipartisan CHIPS Act were supposed to bring back "good manufacturing jobs" through industrial policy, which is another way of saying the federal government picks winners and losers. Jason Sorens is an economist with the American Institute for Economic Research. He has taught at Yale, Dartmouth, Saint Anselm College and the University at Buffalo.
But the U.S. government can’t stop hobbling our natural comparative advantage in advanced manufacturing.
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