Neal Lipschutz is attending the World Economic Forum in Davos, Switzerland.
In a debate at the World Economic Forum about the threat of global protectionism, Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, managed to take on Thomas Jefferson.
He said the Jeffersonian notion that farming was a superior form of life has led to subsidies and protectionism in the U.S.
Similar problems exist in the European Union. Saying EU agricultural policy is “ridiculous,” Frank claimed European farmers should be bought out.
The idea that the “noble yeoman” must be protected at all costs leads to protectionism, Frank said.
The Chesapeake Bay Bridge and Tunnel is an engineering masterpiece. It is a roughly 17.5-mile span from shore to shore, with two one-mile long tunnels that seemingly dive into the middle of the Bay. It connects mainland Virginia with the Virginia Eastern Shore, a penninsula with the Bay on one side, and the Atlantic Ocean on the other. And it connects two very different economies that are just miles away but may as well be worlds away.
