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Reply to "Suddenly Noticing High Retail Prices everywhere "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Stop whining. This is what winning looks like. Senator [b]Hawley[/b] is going to send every American $600 from the vast amount of tariff money the US has collected from the losers in other countries.[/quote] Coincidence or fate? https://en.m.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act[/quote] Ha well the previous poster blamed the 1930 tariffs on Coolidge, who left office in 1929, and in fact favored fewer regulations and taxes. The Smooth Hawley Act didn't cause the Great Depression, it was passed in a horrifically bad attempt to make things better, and served to deepen the Great Depression. In fact that empirical evidence of economic theory about the inefficiency of tariffs is why the prevailing (and accurate) view until now was that low tariffs were good for trade and the economy.[/quote]
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