Analysis: Are recent US policies optimally allocating resources?

The U.S. is misallocating billions in capital through legislation like the CHIPS Act and Inflation Reduction Act. This risks funding uncompetitive industries and technologies.

Government incentives can distort corporations' core missions in pursuit of politically-driven goals like subsidized carbon capture.

Policies meant to reduce emissions often have unintended consequences that undermine their effectiveness.

China, Russia, and Iran are rapidly building up militaries and nuclear arsenals while America spends trillions on questionable environmental schemes.

Rather than match adversaries' military buildups, the U.S. is wasting money on climate initiatives unlikely to make a measurable difference.