Excellent discussion of the defense industrial base and the reality that there’s no such thing as just doing industrial policy narrowly for national security without committing to a broad-based manufacturing renaissance.

Reviews are in, and everybody agrees that tariffs are not inflationary! Great! We may disagree on the policy, but it’s good to know that no one would intentionally conflate the potential downsides of tariffs with inflation just to score political points. No need for a thread. 🧵

Grateful for the opportunity to discuss Marathon’s latest white paper, on DIB reform:

Broke: Tariffs bad because protectionism.

Rote: Tariffs bad because of inflation.

Bespoke: Tariffs are reasonable. Trump is right.

Excellent Duncan Braid takedown of the “tariffs bad because, um… inflation?” silliness.

americancompass.org/trumps-trade-c…

A nation’s willingness to bet on itself says a lot about its trajectory. As does a nation’s ability to play the long game with its investments.

A smart analysis of reshoring semiconductor production in the U.S.

Chris Griswold via American Compass
americancompass.org/tsmc-growing-p…

Excellent conversation with Ashley Rogers Berner about her important new book on education pluralism. School choice done right, with rigorous curriculum and accountability, needs to become the norm in the United States.

What's the difference between 'exposure' and 'indoctrination' in the school context? Other democracies fund a wide variety of schools and require common content. It works. American Compass JHU School of Education
podcasts.apple.com/us/podcast/the…

'School choice' by design + 'academic quality' by design = educational pluralism. Help schools improve without zero sum games. American Compass JHU School of Education podcasts.apple.com/us/podcast/the…

Absolutely insane.

By the way, that blank space between the two sets of bars is the $0 we spend on the huge share of young people who don't attend college.

'What does TSMC know that the American commentariat does not? Perhaps that the processes and partnerships necessary to do all this well require time to develop.'

'The growing pains are worth the growth they signify. The pain should serve helpfully to remind us of our national folly in eviscerating our industrial commons, and hopefully to ensure that it never happens again.' @chris_griz @amercompass americancompass.org/tsmc-growing-p…

'What’s galling is that those responsible for our predicament are the ones complaining loudly about the price tag for fixing their mistakes.'
-- @chris_griz on early progress of, and odd complaints about, the CHIPS Act