The Cultural Cringe About Oxford University

I'm going to put a couple of ideas on the table and then he can pick. One is the sort of cultural cringe about Oxford University. And this is why we kind of have, I think, overblown respect for road scholars in this country. So that's one candidate. The other thing is local manufacturing. It protects you against the so-called hold-up problem,. which economists like me worry about if there are export bans or import bans.