New from @AlecStapp and me in @politico:

Nationalization can’t hope to match the productive capacity of a well-aligned market. As we urgently need more masks and ventilators, why are we turning to vague mandates instead of putting our markets on steroids? https://www.politico.com/news/agenda/2020/04/09/trump-defense-production-act-175920">https://www.politico.com/news/agen...

DPA Title I is getting all the press because “nationalization” is a shiny toy, but Title III is more powerful. With a combo of massive purchase guarantees + guaranteed loans + liability protection + targeted deregulation, we can unleash American manufacturing capacity.

In summary:

And for a great overview of our longer policy paper, check out this thread https://twitter.com/AlecStapp/status/1248250206052691968">https://twitter.com/AlecStapp...