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The John Batchelor Show

MrMarket: The Chips Act bait-and-switch. Richard Epstein, Hoover

The John Batchelor Show

John Batchelor

News, Arts, Society & Culture, Books

4.52.8K Ratings

🗓️ 7 March 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

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@Batchelorshow
NACA 1950


MrMarket: The Chips Act bait-and-switch. Richard Epstein, Hoover Institutionhttps://www.msn.com/en-us/money/news/us-sec-of-commerces-gina-raimondo-on-chips-act-this-isnt-a-blank-check/vi-AA18i28J


Transcript

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0:00.0

I wear a few different hats as a CFO.

0:02.4

You know, sometimes it's referred to as chief fixing officer.

0:05.8

Wherever there's a fire in the business,

0:08.0

you know, I'm often there first.

0:11.5

Whatever hats CFOs like him run need to wear,

0:14.3

Sages, tools and insights can make sure they fit.

0:17.8

Sage, helping business flow.

0:25.1

This is CBSI in the world.

0:26.4

I'm John Bachel, with my colleague, Professor Richard Epstein,

0:29.5

a senior felt the Hoover Institution,

0:31.3

he teaches law at NYU in the University of Chicago.

0:34.6

The CHIPS Act, it has an elaborate name,

0:36.7

but it comes down to the initiative by the Congress

0:39.9

and the president who signed the law

0:42.4

to bring forward a legislation that in rewards,

0:47.8

chip makers, high-end stuff, Intel, AMD,

0:52.0

to bring their factories home from China.

0:54.6

This has to do with the risk of dealing with overseas supply chains

0:58.6

in the most critical of manufacturing items,

1:01.8

which is the microchips that make it possible for me

1:04.7

to talk to you, for example, and your iPhone

1:06.7

to function when you turn it on.

...

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