Wednesday, August 12, 2026

Some people look at industrial production and see only stagnation since the Great Recession, I see something else

 Industrial production last grew above 10% in the first half of 1984, and it's been all downhill since then.

A positive trend struggled to assert itself in the immediate post-war, but eventually succumbed to the siren song, for you Odyssey fans, of foreigners singing the song of lower labor costs.

Our country decided after the struggle of the Great Depression and the victory in the Second World War to sit back and enjoy itself rather than to work as hard as it needed to work and to let others carry the load.

And I will say to my soul, Soul, thou hast much goods laid up for many years; take thine ease, eat, drink, and be merry. 

-- Luke 12:19 

1946-1984