Do you know what an experience curve is? Does your representative in Congress know what it is?
It's a well-established and oft-proven truth of manufacturing costs that as you make more of something over time, costs come down. This is separate from manufacturing scale effects, which can also drive costs down, but, simply put: the more we make of something over time, the more we figure out how to drive the costs out. 'Incremental innovations' add up to significant cost savings over time.
BCG summarized this way back in the mid-1960s this way: Costs fall about 20 percent to 30 percent every time cumulative installations double.
This is not rocket science. It's well understood,...