Skepticism toward activist industrial policy when driven by political rhetoric rather than technocratic discipline.
The article contrasts 'activist, interventionist industrial policy' with the need for 'strict risk criteria and disciplined investment', implying that political ambition threatens sound economic governance.
“But Kyle does himself no favours in overselling the role of the BBB and NWF. These are bodies where lending and guaranteeing loans is the bulk of what they do.”
