[quote=afx114][quote=jpinpb]We invented and created things that advanced us as a society. We are not in the forefront of anything and haven’t been for a very long time.[/quote]
We still do invent and create things that advance us as a society (Apple, Microsoft, Qualcomm, Google, etc). The problem is that none of the things we invent are actually made here anymore.
“Designed by Apple in California. Assembled in China.”
That Mars Rover was pretty neat too.[/quote]
Mars Rover is not a tradable good. It’s a fun consumer good, a toy, for the scientifically-minded amongst us.
A 30% devaluation of the dollar would, after 5 years, work wonders for our economy. It would be even better if paired with a zero-inflation target and enforcement regime, but that ain’t ever going to happen. Gotta keep taxing savers while pretending we’re not, to keep our delusions of double-digit returns on investment going forever.
