🚨Scott Bessent: "I think the most important thing we can do is make it easy to build things again."
Industry Regulation & Development - US has made it difficult to build things due to overregulation [1] - Environmental regulations have contributed to de-industrialization [2] Semiconductor Industry & Manufacturing - TSMC is building a large FAB system in Arizona, potentially producing up to 7% of US chip needs [2] - Chip plant construction is rapid, requiring constant adjustments, but faces regulatory hurdles from local building inspectors [2]