Man, it's really too bad The Economist is behind a paywall, although they wouldn't be what they are without being behind one. Either way, they just ripped Biden apart for his soft protectionist start to his presidency, and how it hurts both America and it's allies but for some stupid reason sells well in America.
Quote:
Presidents and voters like Buy American because they think it creates jobs. In a direct sense it does. But by locking firms out of global supply chains and shielding them from competition it promotes inefficiency, destroying more employment than it creates.
Buy one estimate America would gain a net 300, 000 jobs if it got rid of it's local-content rules
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