Biden’s Green Protectionism
Behind rhetoric about jobs and green energy is a bid for a $650 billion industry
Domestic economic commentators tend to describe Biden’s Inflation Reduction Act (IRA) and the rise of American green industrial policy along three lines. Lawrence Summers, former United States secretary of the treasury under Clinton, has criticized Biden’s protectionist policies as a “manufacturing-centered economic nationalism.” Nobel laureate Paul Krugman has supported Biden’s ...
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