3 ms·
Ha, we gutted our manufacturing base, so if we bring it back it will now be state of the art! Not sure if that will work out for us, but hey their is some prece
by vondur 8mo ago
Ha, we gutted our manufacturing base, so if we bring it back it will now be state of the art! Not sure if that will work out for us, but hey their is some precedence.
- jacquesm 8mo agoThis is the silver lining in many bad stories: the pendulum will always keep on swinging because at the extremes the advantage flips.
- kelseyfrog 8mo agoThe dollar became the world's reserve currency because the idea of Bancor lost to it. Thus subjecting the US to the Triffin dilemma which made the US capital markets benefit at the expense of a hugely underappreciated incentive to offshore manufacturing. You can't onshore manufacturing and have a dollar reserve currency. The only question then is, Are you willing to de-dollarize to bring back manufacturing jobs? This isn't a rhetorical question if the answer is yes, great, let's get moving. But if the answer is no, sorry, dollarization and its effects will continue to persist.