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This is John Batchel, speaking with Professor Paul Mueller of the Civitas Outlook

magazine, reviewing a new book about industrial policy recommending it for America from

the economists at Fasdow and Fletcher. However, there is a confusion, and Paul helps us sort it out here

between industrial policy, which has a reputation of being inefficient, misallocating funds,

and often a failure. And pro-growth, which is always a success, is Paul Mueller, writing at Civitas Outlook

for Civitas Institute.

Industrial policy, question mark.

More of this tonight.

It's certainly related for sure,

and the desire to re-shore various kinds of industries, chip manufacturing, and others, is part of this

industrial policy. I think part of the draw of industrial policy today is that it's conflated

with other things that are good and important. So part of why I think the Trump administration's

sort of aggressive industrial

policy has been embraced in many ways is because in other regards, the Trump administration

is very pro-business, in contrast to the previous administration. They want to pull fossil fuels

...