Economic Nationalism

American Federalism as defined in the American Constitution is as good as government can be; dividing power between national and state governments, safeguarding liberties, while securing national interest.

Economic Nationalism is constitutionally justified under the federalist principles of resisting external enemies (e.g. national defense), putting down domestic disorder, and securing commerce within the union (e.g. stopping outsourcing of jobs).

Economic Nationalism was the trade policy of Washington and Hamilton, Jefferson and Jackson. The American System consisted of high tariffs on foreign goods to support internal improvements. China and Japan, Europeans, Arabs and Russians, all economically protect their nations. We may also return to the establishment of a National Bank issuing credit from the government based on sound money, and not from private banks.

But when speaking of economic nationalism, we must not forget that our Constitution also said that Federalism gives the main part of internal affairs to state and local units. The national government has increased far beyond what the Constitution granted, however, we don't want to therefore go back to the Articles of Confederation giving the states sovereign power and the national government merely a diplomatic position.

Economic Nationalism would have prevented the present destruction of our economy, and we need to return to it.