Managing Inflation, Industrial Policy Are Key To Fighting Inequality

President Biden’s infrastructure plan would spend too little on roads and bridges, too much on the Green New Deal and other liberal causes but does get one thing right. Its support for R&D, manufacturing, Internet access and semiconductors is spot on.

Only by wresting leadership in technology across the board — not in jobs count but in patent filings — is America going to have a pie big enough to carve into a just society.

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Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.

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