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Wednesday, August 4, 2010

Obama Plans to Revive Industry

“President Obama and congressional Democrats — out of options for another quick shot of stimulus spending to revive the sluggish economy — are shifting toward a longer-term strategy that promises to tackle persistently high unemployment by engineering a renaissance in American manufacturing.” (Washington Post, Wednesday)

Industrial policy rears its ugly head.

FEE Timely Classic
“The Myth of National Industrial Policy” by Dennis Bechara