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Industrial Policy Is Back—and It’s a Gigantic Mistake

2024-05-22 Mises Institute
Popular Science
Sandström, Christian, Magnus Henrekson and Mikael Stenkula (2024). “Industrial Policy Is Back—and It’s a Gigantic Mistake”. Mises Institute, May 22.

Christian Sandström, Magnus Henrekson, Mikael Stenkula

The mentality of Build Back Better is not just confined to the US. Around the world, governments are resorting to the ancient tradition of using massive amounts of resources to build things that glorify the state, not add to the economy.