In an article on Foreign Affairs, MIT Professors John M. Deutch and Ernest J. Moniz discuss how the Inflation Reduction Act, the CHIPS Act, and the 2021 Infrastructure and Jobs Act collectively represent a revolutionary change in US industrial policy. However, the Biden Administration will have to weave them together skillfully to realize a more effective, integrated, and agile economic system and they suggest ways that the Administration can do so.
Full article: https://www.foreignaffairs.com/united-states/how-america-can-make-industrial-policy-work