From the historic campus of Hillsdale College in Hillsdale, Michigan, where the good, the true, and the beautiful are taught, nurtured, and honored, this is the Radio Free Hillsdale Hour, bringing the activity and education of the college to listeners across the country.

It was cheaper to do it through international trade, and that all works fine.

But if there's something that, if you think this is going to be a long-term issue, then what are you going to do?

You're going to say, okay, well, we'll start producing them here. This is your host, Scott Bertram. And that's Dr. Gary Wolfram, our first

guest on today's program. Dr. Wolfram is William Simon, Professor of Economics and Public Policy,

Director of Economics and Professor of Political Economy at Hillsdale College. We talk at length with Dr. Wilfrum about our supply chain issues.

Dr. Wolfram, thanks for joining us again.

Well, thank you for having me again.

We want to discuss the supply chain this time around,

and it's become a phrase that people have been hearing more and more in the news.

We have supply chain issues, things aren't here because of the supply chain.

When we use that word, that phrase supply chain, what do we mean?

What are we talking about?

Well, what we really mean is that rather than you making everything in your factory,

you get parts from all over the world and you then assemble

them. So if you're an automobile company and you're making a car here in, let's say you have a

factory in Michigan and you're making a car, the chips that you are using to put in that car

are coming from China or they're coming from

Vietnam or some other place.

And so they have to move through the supply chain.

That's why it's called a supply chain.

So it'll be produced in a factory in China and then it'll be put on a truck or something or a train and move to a port,

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