Making Things in America
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If you can actually make something you’ll never be out of work.
Some years ago, one of my neighbors, an émigré Russian engineer, offered an observation about his adopted country. “America seems very rich,” he said, “but I never see anyone actually making anything.”
Krugman continues:
I used to joke that Americans made a living by selling each other houses, which they paid for with money borrowed from China.
Fortunately, and in the political context:
So while we still have a deeply troubled economy, one piece of good news is that Americans are, once again, starting to actually make things. And we’re doing that thanks, in large part, to the fact that the Fed and the Obama administration ignored very bad advice from right-wingers — ideologues who still, in the face of all the evidence, claim to know something about creating prosperity.
