Harvard economist Greg Mankiw offers a useful corrective
“The presumptive
Republican nominee, Donald J. Trump, says, “We don’t make things anymore.”
Judging from the surprising success of Mr. Trump’s campaign, this theme
apparently resonates with many voters. But it is just not true.
When do you think
manufacturing output reached its peak in the United States? The answer: right
now. Manufacturing output achieved a record high in the most recent quarter of
data. The nation’s manufacturers are now producing 47 percent more than they
did 20 years ago.”