Reimagining Supply-Side Economics

To the surprise of many people, the Biden administration has notched some significant economic policy wins this year. The CHIPS Act represents a major piece of industrial policy aimed at bolstering the US semiconductor sector and making the supply chain more resilient. Meanwhile, the Inflation Reduction Act puts a lot of money towards a range of energy options, with a particular focus on advancing renewables. Ezra Klein, the New York Times Opinion columnist and host of "The Ezra Klein Show," has been a major proponent of "supply-side liberalism," or the idea that Democratic policy aims should focus more on building out supply-side capacity, as opposed to simply redistributing demand. On this episode, we talk about the politics and economics of this endeavor.

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