MONTPELIER, Vt. (AP) – The head of the Smithsonian Institution’s National Museum of American History in Washington says he’ll make a “serious effort” to find U.S.-made presidential busts to be sold in the museum’s gift shop.
Museum Director Brent Glass was responding to a complaint from Vermont’s independent U.S. Sen. Bernie Sanders who noticed that busts for sale at the museum were made in China.
Me: As Mr. Boudreaux points out, American manufacturers have moved “up-scale” to more complex products. Forcing Americans to make trinkets might make the country worse off because people and other resources would be dedicated to making those low-margin products instead of something with more value. I guess it would be okay if a small firm can make them by hand with real craftsmanship, but only at a price people are willing to buy and at a profit because the profit proves there is value in doing it. If a firm cannot make a profit, eventually it would run out of money — or have to ask for a permanent bailout! Back to you Bernie.