PODCAST: "Hexapodia" is þe Key Insight! XXXIX: Bidenomics Industrial Policy Edition: CHIPS & IRA

Key Insights:* Be pragmatic! Do what works! Reinforce success! Abandon failure!* CHIPS & IRA are only, at most, 1/4 of what we should be doing.* These are both very good things to do, as far as running a successful industrial policy is concerned.* Maybe there was something to Biden’s claims that he could lead congress after all.* Hexapodia!References:* Matt Alt: Pure Invention: How Japan Made the Modern World <https://www.amazon.com/dp/B07YJZYFTS>* Stephen S. Cohen & J. Bradford DeLong (2016): Concrete Economics: The Hamiltonian Approach to Economic Policy (Cambridge: HBS Press, 978-1422189818) <https://www.amazon.com/dp/B00O92Q6C6/>* J. Bradford DeLong (2022): Slouching Towards Utopia: An Economic History of the 20th Century (New York: Basic Books, 978-0465019595) <https://www.amazon.com/Economic-History-Twentieth-Century/dp/0465019595/ref=sr_1_1?crid=3U3XCUXOZ37HW>* Chalmers Johnson (1982): MITI and the Japanese Miracle: The Growth of Industrial Policy, 1925-1975 (Stanford: Stanford University Press, 978-0804712064) <https://www.amazon.com/dp/0804712069/>* W. David Marx (): Ametora: How Japan Saved American Style <https://www.amazon.com/dp/B012271ONK>+, of course:* Vernor Vinge: A Fire Upon the Deep <https://archive.org/details/fireupondeep00ving_0/mode/1up> Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe