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U.S. Economy De-Evolving: Rebuilding The Industrial Base

Posted on 02 February 2010. Tags: American industry, American manufacturing, budget deficits, buy canned goods, buy disaster supplies, buy freezed-dried food, buy gold, buy silver, capitalism, congress, corporate subsidies, cost of labor, currency debasement, currency depreciation, current account, de-evoling economy, decline of the dollar, decreasing cost of labor, dollar, dollar decline, domestic goods, economic meltdown, Economics, economy, economy de-evolving, fall of the American Empire, federal reserve, fiat currency, finance, financial meltdown, free economy, free enterprise, freeze dried food, freezed-dried food, gold, gross domestic product, high unemployment, hyperinflation, industrial base, industrial base revival, inflating the money supply, inflation, inflation hedge, labor costs, labor unions, laissez-faire, libertarian, Lynn Tilton, manufacturing, manufacturing economy, manufacturing revival, market equilibrium, money supply, paper currencies, Patriarch Partners, political economy, political patronage, precious metals, prepare for disaster, printing money, protect against inflation, protect from inflation, public spending, rampant deficits, revival manufacturing, reviving the industrial base, Rob Viglione, silver, Spending, stock up on food, store food, store supplies, subsidizing industry, trade balance, trade deficit, U.S. dollar, unemployment, USD

Politicians love to preach about the virtues of an industrial base. They do it for three reasons: Industrial firms are great sources of subsidies and political patronage, such patronage buys support from organized labor union voting blocks, and it actually does make sense for countries to produce real things of value. Since WWII America’s industry has steadily declined as a percentage of GDP, but the winds of change are blowing. Continue Reading

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U.S. Economy De-Evolving: Rebuilding The Industrial Base

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