Host Steven Davis sits down with guest Glenn Hubbard, former dean of Columbia Business School and chairman of the US Council of Economic Advisers under President George W. Bush. They critique industrial policy as practiced under Presidents Trump and Biden and contrast that practice to the insights of Adam Smith, Milton Friedman and Friedrich Hayek. They also sketch some elements of an economically sound industrial policy. Lastly, they turn to Hubbard’s vision of how to harness "Markets for the People” to advance prosperity for all Americans, while respecting individual liberties. Tune in for a thought-provoking take on the past, present and future of economic policy in the United States.