The question is whether that actually first of all, was fully implemented. If you go back to the Hamiltonian report on manufacturers, surely there was some industrial policy baked into that. And that’s because if you look back at the history of industrial policy and we have a lot of it, in not just the United States, but around the world. The reality is as you and surprisingly, listeners might find out is far different. If it is a technological marble of any sort, you will hear that it was a result of industrial policy. It is what gave us the iPhone and COVID vaccines and everything in between, you name it. Scott Lincicome: Great question, because it’s funny to start there, but it’s really necessary because so often you hear, especially from industrial policy advocates it is anything and everything. Richard Reinsch: Thinking about industrial policy and I’ve read a lot of your work on it. Scott, as I mentioned is at the Cato Institute in economic studies, he writes on international and domestic economic issues, including trade subsidies, industrial policy, global supply chains, all the things that are in the news, we’re discussing. Today we’re with Scott Lincicome senior fellow in economic studies at the Cato Institute about industrial policy, its prospects, what it means, and what its consequences would be if we had something like that fully implemented. Richard Reinsch: Welcome to Liberty Law Talk.

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