From WSJopinion: Misguided calls for industrial policy are growing louder from both parties, writes Thomas J. Duesterberg. Here’s what Washington could do instead to make the economy more resilient and secure.
Journal Editorial Report: The week's best and worst from Dan Henninger, Kim Strassel, Jason Riley and Kyle Peterson. Image: Greg Baker/AFP via Getty ImagesWhile the Covid-19 pandemic appears to be easing, the spending battles in Washington are as animated as ever. With both parties eager to set the economy on a faster path to recovery, calls for a costly and game-changing industrial policy are growing louder.
The Trump administration seeks another $2 trillion featuring, according to trade adviser Peter Navarro, ideas to promote “buy American, hire American and make it in USA.” The annual Defense Authorization Act, which is likely to be one of the few legislative vehicle for...
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