Thursday, June 20, 2019

Old ideas that have never worked are no way to foster economic growth.

Not to be confused with the National Institutes of Health, the senator explains, "This will be an executive branch agency that will house our national manufacturing programs under one roof," and effectively coordinate a strategic vision for manufacturing.

The first is the supposed decline of American manufacturing.

In reality, while manufacturing employment has gone down significantly over the last 40 years, U.S. manufacturing output is now near an all-time high.

Gov, gave us the Solyndra scandal, and can keep neither Amtrak nor the Postal Service solvent, can effectively coordinate a strategic vision for American manufacturing.

There are already 58 existing federal programs that offer manufacturing funding through 11 federal agencies.

Moving them all under the care of a manufacturing czar is supposed to unleash their magical powers.

Central planning in all forms is poisonous to innovation.


https://reason.com/2019/06/20/central-planning-is-poisonous-to-innovation/

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