On September 18, our Rice Jones chapter kicked off its 2021-2022 programming with a talk on the microchip shortage and supply chain disruption more broadly by Cato Institute senior fellow Scott Lincicome. Scott argued that policy efforts to nationalize microchip production were unnecessary because private investments in the microchip space are already outpacing any government intervention. In addition, Lincicome said that marketplace innovation can solve shortages more efficiently than subsidies. He also showed how foreign countries have prospered from increasing access to capital markets, debunking the myth that foreign countries have developed because of state-sponsored industrial policies. After his remarks, Lincicome remained to answer questions from the large audience on topics ranging from domestic policy to international trade.
Interested in learning more? Check out MI senior fellow Allison Schrager’s recent article.