By Nathan Worcester It’s increasingly the received wisdom in Washington: China’s military power and manufacturing capacity are twin challenges America must face. Economist David Goldman wants to address the two together through vigorous industrial policy driven by smart defense spending–but his analysis has already met with skepticism in some quarters. “The United States is going […]
Tag: Defense Production Act
The Defense Production Act is a United States federal law enacted on September 8, 1950, in response to the start of the Korean War. It was part of a broad civil defense and war mobilization effort in the context of the Cold War. Its implementing regulations, the Defense Priorities and Allocation System, are located at 15 CFR §§700 to 700.93. Since 1950, the Act has been reauthorized over 50 times. It has been periodically amended and remains in force.
