By Jeff Ferry, CPA Chief Economist Drug shortages are a widespread problem in the US today. The American Medical Association reported a spike in drug...Read more
A healthy, growing manufacturing industry is essential for good, middle-class jobs, for broadly shared prosperity in the US, and for long-term economic growth. Manufacturing is essential for national security, health security, and a robust, resilient supply of many essential and non-essential goods.
The US must make the US dollar competitive again, rebalance trade, and support US manufacturing with effective Buy American policies to relaunch manufacturing growth. We must use tariff policies where required against foreign predation, dumping, IP theft, and other anti competitive policies of foreign governments. We must use targeted industrial policies when necessary to support industries deemed essential for national security or economic security.