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The US is literally printing capital right now, and local governments are willing to hand Billions to corporations which promise to create manufacturing campuse
by lumost 6y ago
The US is literally printing capital right now, and local governments are willing to hand Billions to corporations which promise to create manufacturing campuses.
Why is lowering interest rates not resulting in increased manufacturing capacity as it did prior to recent years?
- valuearb 6y agoDollars aren’t capital. The fed can double the dollars in circulation tomorrow, but that doesn’t change the amount of manufacturing machinery in the country.
- mensetmanusman 6y agoBecause China can simply point and say ‘whatever the price is there, it will be cheaper here’ because their population is willing to take huge hits to their purchasing power (because they were recently so poor).