government interventions

Réka Juhász is a professor of economics at the University of British Columbia, and she studies what's known as industrial policy.

That's the general term for whenever the government tries to promote specific sectors of the economy. The idea is that they might be able to supercharge growth by giving money to certain kinds of businesses, or by putting up trade barriers to protect certain industries. Economists have long been against it. Industrial policy has been called a "taboo" subject, and "one of the most toxic phrases" in economics. The mainstream view has been that industrial policy is inefficient, even harmful.

For a long time, politicians largely accepted that view. But in the past several years, countries have started to embrace industrial policy—most notably in the United States. Under President Biden, the U.S. is set to spend hundreds of billions of dollars on industrial policy, to fund things like microchip manufacturing and clean energy projects. It's one of the most ambitious tests of industrial policy in U.S. history. And the billion dollar question is ... will it work?

On today's show, Réka takes us on a fun, nerdy journey to explain the theory behind industrial policy, why it's so controversial, and where President Biden's big experiment might be headed.

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Dave Rubin of “The Rubin Report” talks about Russell Brand’s response to breaking rape allegations; evidence of Democrat privlege in how Republican Lauren Boebert and Democrat Susanna Gibson’s scandals are being covered by the media; “The View’s” Joy Behar talking to Jon Karl about Hunter Biden’s Burisma connections; “The View’s” Whoopi Goldberg going off-script to be incredibly rude to Alyssa Farah Griffin; Tucker Carlson showing how politicians like Adam Schiff weasel their way out of telling the truth; Justin Trudeau threatening to punish grocery stores that don’t lower food prices; Bill Maher admitting to Jim Gaffigan why he wants Gavin Newsom to run for president; Drew Barrymore issuing a crying apology for daring to cross the writers strike by bringing back “The Drew Barrymore Show”; Donald Trump’s take on recent Republican abortion laws and much more. WATCH the MEMBER-EXCLUSIVE segment of the show here: https://rubinreport.locals.com/ Check out the NEW RUBIN REPORT MERCH here: https://daverubin.store/ ---------- Today’s Sponsors: Moink - Join the Moink movement today! Get grass-fed and grass-finished beef and lamb, pastured pork and chicken, and wild-caught Alaskan salmon, direct to your door. Rubin Report listeners and for a limited time viewers get FREE ground beef for a YEAR. Go to https://www.moinkbox.com/RUBIN My Patriot Supply - Are you prepared for the coming food shortages? Get stocked up with the nation’s largest preparedness company and a wide variety of delicious meals. Order your Three-Month Emergency Food Kit today and save $200! Only available for a limited time. Go to: http://preparewithrubin.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Silicon Valley Bank was the 16th largest bank in America, the bank of choice for tech startups and big-name venture capitalists. Then, in the span of just a few days, it collapsed. Whispers that SVB might be in trouble spread like wildfire through group texts and Twitter posts. Depositors raced to empty their accounts, withdrawing $42 billion in a single day. Last Friday, after regulators declared that SVB had failed, the FDIC seized the bank.

As the dust settles on the biggest bank failure — and bank rescue — in recent memory, we're still figuring out what happened. But poor investment choices, weak regulation, and customer panic all played their parts. We'll look into the bank's collapse to understand what it can teach us about the business of banking itself.

This episode was produced by Willa Rubin, with help from Dave Blanchard. It was edited by Keith Romer, and engineered by Brian Jarboe. Fact-checking by Sierra Juarez. Our acting executive producer is Jess Jiang.

Music: "I Don't Do Gossip," "Groovy Little Penguins" and "Vision."

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It's been a wild couple of years for everyone, and the stock market is certainly not immune. We'll be discussing what caused the boom, the bust, and our investing journey through one of the strangest periods the world has ever seen. Plus we'll be looking at Snap's warning that crashed the ad-tech market, plus Airbnb's decision to leave China.  Got any questions or suggestions? Get in touch with us on Instagram!

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