The Quiet Manufacturing Boom

Beneath the cacophony of media noise, an important untold story emerges: A manufacturing boom is unfolding across America right now, and especially so in the geographic center of the country. This developing boom represents an epochal shift because investments in factories and tangible production involve the stickiest kind of capital expenditures. The commitment to production involves a macro “bet” on a yearslong cycle, not a near-term wager on the latest fad or concerns about the price of gasoline next week. As such, this mostly hidden story deserves to be studied and amplified, both for the economic benefits and also for...