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Manufacturing Decline Insights
- The shift from manufacturing to service economy explains why tariffs alone cannot bring back American manufacturing.
- Manufacturing decline resulted from corporate choices and global supply chains, not just free trade agreements.
Wealth Skewing Policy Effects
- $36 trillion wealth surge went to top 10% due to policy from 1975 onwards.
- Average workers lost $13,000-$14,000 a year in income as a result of these decisions.
Hidden True Inflation
- Official inflation indexes exclude essentials like food, fuel, and rents, hiding real inflation.
- Real inflation for many is closer to 12-14%, explaining why people feel economic pain despite low official rates.