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Economic Policy Institute awards Paul Krugman the Distinguished Economist Award

On Nov. 1, the Economic Policy Institute presented New York Times columnist and Nobel laureate Paul Krugman with EPI’s first ever Distinguished Economist Award. EPI also produced a candid video in which Krugman shared his vision for a decent society, discussed the radicalizing impact of the policy debates of the last decade, and revealed his philosophy on making our society a better one for all.

Click here to read Mr. Krugman’s blog post congratulating EPI.       NYTimes.com OP-ED


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Paul Krugman
Nobel Prize winning Economist
& New York Times columnist

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Speaking truth to power!
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Paul Krugman ... selected as an  American Made Hero!
Nobel Prize winning Economist and New York Times columnist.

For his very thoughtful and accurate explanation of how China is cheating with its' currency valuation and therefore continues to hurt American manufacturers, Paul Krugman has earned this individual recognition as a true AmericanMadeHero.com!

Mr. Krugman quote from below video: "At this point, it’s hard to see China changing its policies unless faced with the threat of similar action — except that this time the surcharge would have to be much larger, say 25 percent."

Quotes regarding Chinese currency manipulation: "There are a lot of people who still talk about this issue as if it were 2005, as if we were in a normal economic environment, a normal environment in terms on monetary policy. We're not."

Paul Krugman quote: "What is new is the scale of it. There has never been anything like what is happening now with China. Never has there been this drastic a misalignment, never has there been intervention on this scale to keep their currency undervalued."

"We are at the stage where we have to be talking about treating this as if it were countervailing duty case, as if the Chinese were subsidizing their exports to the tune of 25% to 30% ... and if there is no ability to get anything without bringing out the baseball bat then you do talk about temporary, across the board tariffs on imports from China. There comes a point when you have to say that without a credible threat you are not going to get anywhere with negotiations. I don't like it but, realistically, the chance that this will trigger a trade war are very small and it is hard to see any other alternative."



"Taking On China" ... Click here to read article.       NYTimes.com OP-ED

"Some still argue that we must reason gently with China, not confront it. But we’ve been reasoning with China for years, as its surplus ballooned, and gotten nowhere: on Sunday Wen Jiabao, the Chinese prime minister, declared — absurdly — that his nation’s currency is not undervalued. (The Peterson Institute for International Economics estimates that the renminbi is undervalued by between 20 and 40 percent.) And Mr. Wen accused other nations of doing what China actually does, seeking to weaken their currencies “just for the purposes of increasing their own exports.”



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Alexander Hamilton
"Not only the wealth, but the independence and security of a country, appear to be materially connected with the prosperity of manufacturers. Every nation ... ought to endeavor to possess within itself all the essentials of a national supply. They comprise the means of subsistence, habitation, clothing and defense ... The expediency of encouraging manufactures in the United States, which was not long since deemed very questionable, appears at this time to be pretty generally admitted."

   -- Alexander Hamilton ... an American Made Hero!



AmericanMadeHeroes.com! Does America Need Manufacturing?

Click here for Dr. Gomory's full biography at Alfred P. Sloan Foundation.

"To a large extent our government has not yet realized that the self-interests of our corporations, especially our large global corporations, can diverge from the interests of our country. We need to find ways to fundamentally "change the motivations of corporations to align with those of our country ."
--(Ralph Gomory)

Extremely well credentialed & true American Made Hero.



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Click above for survey results.
Patriotism, Jobs Primary Motivations for 'Buying American'
Six in 10 say they would pay more to buy U.S. made products!

PRINCETON, NJ -- Forty-five percent of Americans say they recently made a special effort to buy products made in the United States. When asked why, these shoppers mainly cited patriotic or altruistic goals related to the national economy, including creating and keeping jobs in the U.S., rather than product-specific considerations such as quality, safety, or cost.    Click here for survey results.

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"Not only the wealth, but the independence and security of a country, appear to be materially connected with the prosperity of manufacturers. Every nation ... ought to endeavor to possess within itself all the essentials of a national supply. They comprise the means of subsistence, habitation, clothing and defense ... The expediency of encouraging manufactures in the United States, which was not long since deemed very questionable, appears at this time to be pretty generally admitted."        Alexander Hamilton ... an American Made Hero!

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Patriot-Manufacturer-Innovator                 Boston's Faneuil Hall    

American Made Heroes planned their rebel actions at Faneuil Hall!
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George Washington

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