Tyler Cowen

That's good.

Probably at the moment, if we start one today, it takes us 10 years if we're lucky.

That's just a simple way of showing how much time things take.

That's a self-imposed burden.

I would call it an unforced error.

South Korea, China can do it much more quickly and it still seems safe.

But I just don't think we're going to completely get our act together all at once.

I see no signs of that happening.

And if you look at the Trump administration, all these tariffs, you know, they may or may not stick.

It depends on the courts.

But they slow down trade in the materials to help this happen more quickly.

Right.

Well, in this regard, our two countries have very different problems.

We have extreme federalism.

To build things out, the grid, you need approval from so many state and local governments, from the feds, from various environmental review boards.

Again, it just takes years and years.

Cleaning up that process takes years and years.

I've heard it estimated that to get rid of a single federal regulation can take two to three years.

Again, I'm all for doing that, and I think we're going to do a lot of it, but it will be slow going.

Now, in the UK, you have far less federalism.