Justin Wolfers

Because they're on again, off again.

Let me take this point one step further, which is if you want a policy to stimulate investment, it has to be seen as more than temporary.

Right.

It's actually really easy to do that.

The way you do it is you pass it through Congress.

Yes.

Because what do we know about Congress?

Congress can't get anything done.

Right.

And the president has shown no interest in that.

Everything's through executive order, which means literally day one of the next president could all go away.

i don't know both could work like if you leave a stick out in the if you leave a carrot out in the sun long enough it becomes like a stick you can hit people with it that's true yeah that's true it depends on the carrot um look let me go back i am not a fan of what is commonly called industrial policy now that puts me at odds with many people on the left who sort of

think what we need to do is have some clever nerds in government reinvent manufacturing and we'll create blue collar jobs.

That was sort of the Biden thing.

And Trump has got the same rhetoric, but he wants to do it with tariffs and all of this is I'm going to save factories.

Let me tell you the first thing.

I think that factory jobs are what rich people think poor people want.

And I've been to factories.

They don't look that great.

And every factory... If you look at surveys of factory workers, their ambitions for their kids are not walk in to do monotonous, heavy, loud work.