Mike KonczalVerified account

It is the right solution for a different problem so we will allow it

No - we should not allow bad arguments for doing something, even if they result in the govt doing good things.

I still don't get it. Why are these the choices, instead of just saying "people will be spending more for used cars for a few months (or whatever)?"

Cooling used-car prices by raising interest rates makes no sense. But neither does making massive investments in semiconductor production in order to hold down used-car prices. It's just a silly argument.

Seems a bit odd to focus on cars while the ongoing PS5 shortage is still depriving millions of a means to play Resident Evil VIII.

Joe Biden: "With my plans, you can be vaccinated to have that big family BBQ on the 4th of July, but then sit in your room playing remastered Spiderman on a PS5 with American chips in them."

Heh, why should the government spend on semiconductors when there are wealthy companies who can afford to and will benefit in the end. This is like how companies play off states for tax breaks when they are choosing a production site. The technology companies are being

Semiconductor fabs are so expensive to build that it's a barrier to entry that actually hurts competition. The few companies that have their own benefit from limited global supply.

It would be crazy to raise rates, but is this going to cool the used car economy? What’s the timeline?

That’s the problem. Those plants don’t just magically appear.