Saturday, August 27, 2022

Federal Reserve Chairman Jerome Powell speaks at Jackson Hole

 I don't really have many comments at the moment but just watch for yourself.  We do need to seriously think about ways to develop our advanced manufacturing to meet world demand and raise our position at the center of the global supply chain. China's growth was based in part on our greed and inability to produce things in the U.S. (That's not necessarily against China who are naturally going to work in their own interests but it does mean that we have to beef up our own competitive position. We can better do that as soon as our leaders in both parties focus on solutions instead of all the other distracting things many enjoy more than national building.) We should maximize any limits in labor through the use of greater productivity brought through the development of wearable tech, innovation, drawing FDI and strong management. 

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