Does Focusing on Manufacturing Make Sense for the U.S.?

Does Focusing on Manufacturing Make Sense for the U.S.?

(Bloomberg Opinion) — As part of her campaign for the Democratic presidential nomination, Senator Elizabeth Warren has proposed a broad effort to revive and expand American manufacturing. Bloomberg Opinion columnists Karl Smith and Noah Smith met recently online to debate her proposal.Karl Smith: Noah, from what I can tell you’re a fan of Warren’s Economic Patriotism platform and you’ve written yourself in favor of industrial policy. My concerns are essentially two-fold. First, I think that given the U.S.’s strength in what we might call knowledge industries such as tech, biotech, fracking and finance, it’s going to be difficult […]

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