On the recordJanuary 31, 2009
When you say leave it to the market, you're saying leave it to the tender mercies of German, Japanese, Korean, Chinese, Norwegian industrial policy.
Source
congress.govEditor's note · Context
Smith critiques the idea of relying solely on market forces for technological advancement.
Share & report
More from Adam Smith
Dec 11, 2024
Mr. Speaker, I yield myself 2 minutes. Mr. Speaker, I want to address a little bit the concerns about the size of the Pentagon budget and the efficiency and effectiveness. First of all, it is important to point out that the defense budget…
Jun 13, 2024
Mr. Chair, I yield myself the balance of my time. It is ironic, the gentleman arguing about how Congress doesn't need to pass a bunch of laws while he is urging us to pass another one. He is the one who is actually proposing and having us…
Jun 13, 2024
Mr. Chair, I will be brief. I don't fundamentally disagree with the idea that we learned a lot about the relative effectiveness of masks. I am not a huge fan of them myself. The main reason they tend not to be effective is people don't…
Jun 13, 2024
Mr. Chair, I demand a recorded vote. The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further proceedings on the amendment offered by the gentleman from Florida will be postponed. Amendment No. 50 Offered by Mr. Waltz The Acting…
Other voices in this conversation
