So we don't have the infrastructure to support much trade with Mexico anyway. Our surrounding states, California, Arizona and Texas, have all expanded their exports to Mexico by huge amounts. New Mexico's biggest export is in the category of electric and electronic equipment from Intel. We do export a lot of computer chips to East Asian countries. It seems like an economic boom is occurring nationally.
Many people say the boom is happening because of advances in technology.
They think we can continuously expand production without incurring inflation. I think it's nonsense. We have not eliminated the up and down cycles of the economy. We've just been incredibly lucky. We've also had other periods of rapid technological change, like the invention of the telephone and the telegraph in the late 19th century.