Widgets
Anyone who has gone to law school, or studied accounting, can tell you the most prolific product manufactured in the United States is widgets. Continually produced and never outsourced, widgets are the basis of our economy. In Contract Law, Rodney would sell to Rowena all the widgets he could produce, and she would buy the same, until something like a shipwreck occurred and widgets ended up in the drink, and the case ended up in every law school Contracts class. The same goes for accounting, every accounting student knows that for determining the cost basis of an item, the IRS wants the cost of the first widget in deducted from the cost of the first widget out in order to determine what the profit is. That is FIFO for you bean counters. But here's the problem, what's a widget? Being from Youngstown, I always visualized a widget as something akin to a ball bearing, manufactured locally at Commercial Shearing, now Parker Hannifin (which has been a fairly good stock to own as of l