Smoot-Hawley...Rising

Who figured that protectionism would develop in food? Yet that is what we are facing as countries that export grain and rice move to keep it in the country so that the price will remain stable. This is not good, but it is a result of prices that are skyrocketing for basic commodities, thanks in part to the Fed (I am not making this up) tossing the dollar overboard in a desperate attempt to salvage the economy. Once again, the law of unintended consequences.