3 ms·
I think the decline of the industrial economy in the US is substantially down to the US government effectively subsidizing foreign manufacturing with seignorage
by centimeter 6y ago
I think the decline of the industrial economy in the US is substantially down to the US government effectively subsidizing foreign manufacturing with seignorage (dollar printing) profits.
- kevin_thibedeau 6y agoOptimizing for quarterly returns means nobody plans for 10 or 25 years into the future. You won't get a bonus for planning ahead.