Semiconductors

For those who have followed my Twitter feed, you will know that I have long pointed out that "narrow vs broad-based," "transitory vs persistent," and "supply vs demand" are not three ways of saying the same thing.

Repeated price crashes in a variety of industries led to a situation of underinvestment in productive capacity that created the conditions for the inflation we see today.

Throughout our series on semiconductors, we have used the semiconductor industry to explore big questions in economic theory and industrial policy. Today, we offer a positive account.

This post is the second in a series that uses the history and economics of the American semiconductor industry to ask big picture questions about the future of fiscal policy and industrial policy.

This post is the first in a series that uses the history and economics of the American semiconductor industry to ask big picture questions about the future of fiscal policy and industrial policy.