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Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved.

The problem with cap-and-trade and programs such as carbon capture and storage is that they all assume that business as usual can continue. The financial meltdown and peak oil has pretty much demonstrated that business as usual's not going to work.

Cap-and-trade is a dangerous policy fraught with the potential for significant corruption, and it would hurt my constituents and our economy by raising energy costs.

With all of its defects, the global market makes war less likely, even between the U.S.A. and China.

Now we are in a situation in which for a significant part of the industrial world too much could become a danger, especially too much of the things which are really not good for us in such large quantities.

In short, industrialism is over.

At a time when nobody thought we'd ever see a new steel mill built in America, we took a chance and built one in a corn field in Indiana. Today Steel Dynamics is one of the largest steel producers in the United States.

Most people are under exposed to global assets, including foreign stocks, bonds and currencies.