Professor Elam

Another reason for the difficulties of the 1930s were Smoot Hawley tariffs imposed by our government. The result was less trade.  Globalism is the new catch phrase but in this article, Pat Buchanan  wodners if it is a good thing.  Pat is right, when we buy foreign made goods, we don’t pay into US retirement funds.  Amid the lack of control on everything chinese from dog food to paint to aspirin, one has to wonder if losing control of one’s manufacturing sector is a good  thing. My view is that the stock market has turned bearish, prices will be falling. If that is true, attitudes will be falling also. This means you can expect more calls to look out for ourselves.  indeed, let the Dow lose another 2,000-3.000 points and you will be seeing more calls to look out for ourselves.