Table of ContentsExecutive Summary 1Introduction 3What Is “Industrial Policy”? 4Industrial Policys Requisite Elements 4What Industrial Policy Isnt 7What Obstacles Must Industrial Policy Overcome in the United States? 12The Knowledge Problem 12Public Choice Especially in the American System 15Lack of Discipline 21Interaction with Other Policies/Distortions 25High Costs Seen and Unseen 27Seen Costs 27Unseen Costs 28If It Creates One Tesla? 35What “
