Biden Administration's Industrial Policy

The transcript discusses a speech at the Brookings Institution outlining the Biden administration's economic policy framework. It highlights global changes, the challenge posed by China, and the importance of resilience. The speaker criticizes the lack of emphasis on importing low-priced goods, which affects living standards and competitiveness. The critique extends to industrial policy strategies, citing examples like the Jones Act and infant formula issues. The speaker stresses the need for consumer focus and global cooperation to enhance prosperity and maintain trade commitments.

What framework did the speaker suggest the Biden administration is following regarding economic policy?

What are the implications of raising the price of steel according to the speaker?

How does the speaker view the relationship between trade and consumer costs?

What examples does the speaker provide to illustrate the consequences of industrial policy strategies?

What does the speaker believe is missing from the current approach to economic policy?