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It was a pleasure to be joined once again by Samuel Gregg, who is President of the American Institute for Economic Research, and joined us to discuss a recent article of his that's right up our alley.

Sam and our host Jim Vinoski did a deep dive into his article, "Dear Conservatives: Industrial Policy is a Dead End," which critiques the British and American approaches to industrial policy. He argues that government intervention in the economy, as seen in China and Japan, often leads to misallocation of resources, cronyism, and economic stagnation. Sam emphasizes the importance of market-driven outcomes over government-engineered results. He also highlights the inefficiencies of public sector investments and the need for less regulation to foster innovation and competitiveness. He advocates for a return to the principles of economic liberty and the American founding.

The discussion wrapped up with a brief conversation about another of Sam's recent articles, this one about the establishing of our country: "Why the West Needs the American Founding." Sam touches on how the founding principles are relevant to the above discussion.

Highlights:
00:00 - Introduction and Overview of Industrial Policy
02:01 - Philosophical Opposition to Industrial Policy
04:05 - China's Economic Transformation and Misallocation of Resources
07:59 - Lessons from Japan's Economic Stagnation
10:33 - Impact of Industrial Policy on Competitiveness
13:53 - Cause and Effect in Industrial Policy
16:41 - Opportunity Costs and Public Sector Inefficiency
21:25 - Defense Policy vs. Industrial Policy
26:02 - Regulation and Economic Dynamism
29:29 - Reflecting on Economic Freedom and Interventionism

Links to the articles:

https://capx.co/dear-conservatives-industrial-policy-is-a-dead-end

https://spectator.org/why-the-west-needs-the-american-founding/

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It was illuminating to hear from Mike Musheinish, CEO of Detroit Axle, about the effects of tariffs on his aftermarket auto parts-making business.

Mike discussed the severe impact of the new tariffs on his business. Initially, tariffs cost his company $25,000 per $1 million in parts, but this rose to $725,000. This forced Detroit Axle to raise prices, affecting profitability and consumer affordability. Mike highlighted the broader economic consequences, including inflation exacerbated by rising energy costs. He criticized tariffs for favoring large corporations and creating a "tariff mafia."

Mike advocated for better infrastructure and education to support domestic manufacturing, emphasizing the need for competition to drive down costs and improve quality. He also praised the potential of employing returning citizens.

Highlights:
00:00 - Introduction - Mike's Background and Business Model
02:42 - Impact of Tariffs on Detroit Axle
05:34 - Challenges of Tariffs and Market Dynamics
08:53 - Regulation and Competition
12:15 - Positive Actions for Manufacturing
16:26 - Challenges of Producing in the USA
26:18 - Support for Returning Citizens
29:44 - Conclusion and Final Thoughts

Tune in and take in the whole show, because this one has a lot of the details of the current reality for the hardworking people on the front lines of American manufacturing.

Check out the Detroit Axle website here: https://www.detroitaxle.com/

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It was great to return the favor of podcast guesting with Melinda Tse, Louis Leung, and Jared Plumb from inFlow Inventory. They had our host Jim Vinoski on their show, "The Secret Life of Inventory," a few months ago.

For their visit with us, we dove into their strategy of making their show an integral part of marketing their industrial inventory management software.

Highlights:
00:00 - Introduction
02:08 - Guest Backgrounds
06:28 - Inflow Inventory's Origin and Focus
08:20 - The Role of the Podcast in Marketing
23:36 - Challenges and Future Plans
25:46 - Closing Thoughts and Future Directions

This was a great exploration of a really fascinating way to make the most of social media and content creation to help sell software services.

inFlow Inventory's website: https://www.inflowinventory.com/

Jim Vinoski's appearance on "The Secret Life of Inventory:" https://secretlifeofinventory.buzzsprout.com/2232037/episodes/18945032-manufacturing-beyond-machines-culture-ownership-succession-ft-jim-vinoski

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Your host Jim Vinoski discusses the latest newsletter from the National Center for Energy Analytics (NCEA), highlighting key articles. He praises Jonathan Lesser and Portia Roberts' critique of wind power, noting its low capacity factor (25%) compared to nuclear (90%). Vinoski also summarized Ike Keifer's op-ed criticizing corn ethanol, citing a 28% increase in greenhouse gas emissions and environmental degradation. He highlights a shortfall in the nuclear workforce, advocating for training and delayed retirement.

Jim also gives an update on his upcoming book, "American Manufacturing," and mentions his next episode on inventory management with inFlow Inventory. He emphasizes the need for better forecasting and leadership in energy and workforce issues.

Highlights:
01:12 - Introduction to the NCEA Newsletter
02:36 - Critique of Wind Power Subsidies
11:25 - Environmental and Economic Impact of Corn Ethanol
15:00 - Nuclear Workforce Shortfall
20:24 - Mark Mills's Note on AI Revolution and Energy
25:40 - Closing Remarks, the Book Update, and the Upcoming Episode

Check out the whole newsletter, and do click the links and read the articles. You'll be glad you did.

https://www.linkedin.com/pulse/ncea-newsletter-may-26-national-center-for-energy-analyti-yiaye/

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Your host, Jim Vinoski, goes solo and discusses the impact of regulations on American manufacturing, emphasizing that hyper-regulation has driven jobs offshore and hinders reindustrialization efforts. He highlights the Trump administration's deregulation initiatives, such as repealing the Obama-era endangerment finding and implementing a 10:1 regulation rollback policy. Jim notes that manufacturers face nearly 300,000 regulations, adding significant costs. He also addresses the role of labor laws and unions in deindustrialization and the high costs of inputs compared to China. Finally, he details his plans to delve deeper into these issues throughout July on his Manufacturing Talks platform, here on YouTube, on his related podcast outlets, and on his Manufacturing Talks Substack.

Highlights:
00:00 - Introduction
01:10 - Regulations and Their Impact on Manufacturing
03:15 - Trump Administration's Efforts on Deregulation
06:29 - Challenges Posed by Labor Laws and Unions
08:15 - Cost Differences Between American and Chinese Manufacturing
09:15 - Future Plans for Discussing Regulations

Last week's Substack article Jim mentioned: https://manufacturingtalks.substack.com/p/american-reindustrialization-wont

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Software for manufacturing feels like a minefield sometimes. These guys get it.

Benny Buehler from Uptool, a startup focused on improving American machine shops, joined us this week. Benny, with a background in metal additive manufacturing, co-founded Uptool with Alex Huckstepp to address the inefficiencies in traditional manufacturing software. Uptool's AI-driven software automates the quoting process, reducing response times and increasing win rates. The platform integrates with email and cloud services, ensuring seamless operations. Uptool aims to help machine shops become faster, more responsive, and more productive, ultimately contributing to the growth of American manufacturing. The company has gained significant traction, with many customers already experiencing positive results.

Here are the highlights:
00:00 - Introduction
01:38 - Benny's Background
03:43 - Challenges in Advanced Manufacturing
07:28 - Machine Shops' Skepticism Towards Software
10:29 - Uptool's Solution for Machine Shops
14:00 - AI Integration in Uptool
21:22 - Cloud-Based Software and Continuous Improvement
24:41 - Future Opportunities and Expansion

This was a fascinating deep dive into how effective solutions for software for manufacturing are designed and implemented. The part about keeping up with AI developments was enlightening!

Do check out the whole thing.

Uptool website: https://uptool.com/company

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We've got a shorter episode for you this week. Your host Jim Vinoski flies solo for deep dive into the event he attended last week, the Energy Futures Forum by the National Center for Energy Analytics. It was a pow-wow with some very smart folks and a few big names talking the latest and greatest on energy in America and beyond.

The highlights:
00:00 - Introduction
02:46 - Senatory Alan Armstrong
03:25 - Ezra Yacob, EOG Resources
04:53 - Chris Womack, Southern Company
06:05 - Toby Rice, EQT
07:03 - Andy Power, Digital Realty
08:15 - John Bear, MISO
09:35 - David Rosner, FERC
10:15 - Nat Sahlstrom, Meta
11:40 - Mark Hume, Blackrock
12:25 - Pierce Norton, ONEOK
13:45 - Matt Neal, Seimens Energy
15:00 - Nicole Holmes, GE Vernova
16:20 - Jesse Ausubel, Rockefeller University
17:17 - Zach Dell, Base Power
18:10 - Damion Shelton, Agility Robotics
20:00 - Daniel Yergin, S&P

Again, this is just a brief summary of the topics each speaker brought to light - but it's still chock-full of important points!

To close, Jim gave an update on his upcoming book, *American Manufacturing: 22 Tales of Integrity, Ingenuity, and the Modest Heroes Who Built a Nation,* which is coming very soon!

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What an amazing episode!

Our guests this week are Seth Kanor and Vinny Livoti from Enabling Devices, a company that creates assistive technology for people with disabilities. Seth's father, a medical engineer, founded the company in the 1970s after witnessing the transformative impact of a simple switch on a child with cerebral palsy. The company has since grown, focusing on customized solutions based on user needs. Vinny, an assistive technology specialist for 24 years, shares stories of lives changed through their products, such as an eye blink switch that enabled a nonverbal boy to communicate and a custom-made switch for a paraplegic drummer. They discuss the importance of listening, innovation, and the human touch in their work.

Highlights:
00:00 - Introductions
05:54 - Early Days and Company Growth
07:26 - Listening and Innovation
09:40 - Challenges and Success Stories
26:03 - Technological Advancements and 3D Printing
31:42 - Balancing Production and Personal Touch
34:11 - Final Thoughts and Wrap-Up

These are some of the very best and most meaningful stories we've ever had on this show. You owe it to yourself to check out the whole thing!

Enabling Devices website: https://enablingdevices.com/