A year ago, defying predictions that President Biden’s agenda was dead in the water, Congress passed the Inflation Reduction Act. is sort of the Holy Roman Empire of legislation — as in being neither holy, nor Roman, nor an empire. Along with the CHIPS Act — Creating Helpful Incentives to Produce Semiconductors — the federal government is suddenly engaged in large-scale industrial policy, promoting particular sectors as opposed to the economy as a whole. Incidentally, I wish Congress would pass the ETAA — End Tacky Acronyms Act. And there were members of Congress who wanted America to promote what they saw as cutting-edge companies, including video game producers.

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Persons: Biden’s Organizations: Semiconductors, Atari Democrats Locations: America