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1,100 economists warn that Trump is repeating one of the biggest mistakes of the Great Depression
Posted By: NaturalWisdom Date: Wednesday, 13-Jan-2021 05:52:13
www.rumormill.news/100218
In Response To: Trump to Remove Tariff Exemption From EU, Canada, Mexico- They Gots to Pay! (RumorMail)
This article was posted 4 weeks ago, prior to Trump's move to impose new tariffs on the EU, Canada, and Mexico. Is this another orchestrated charade on the part of the insiders who are pulling the strings at the top of the pyramid?
1,100 economists warn that Trump is repeating one of the biggest mistakes of the Great Depression
Bob Bryan | Business Insider
May 3, 2018
Click here
[snip]
Over 1,100 leading economists sent a letter to President Donald Trump urging the president to reverse course on recent trade tactics — lest the US repeat one of the biggest mistakes of the Great Depression.
The letter, organized by the conservative-leaning National Taxpayers Union, warned that recent tariffs and trade protectionism were harmful to the economy. The economists cited a 1930 letter that warned Congress against passing the Smoot-Hawley Act, a large package of tariffs that many studies cite as a major reason for the depth of the Great Depression.
"Congress did not take economists' advice in 1930, and Americans across the country paid the price," the letter says. "The undersigned economists and teachers of economics strongly urge you not to repeat that mistake. Much has changed since 1930 — for example, trade is now significantly more important to our economy — but the fundamental economic principles as explained at the time have not."
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SOURCE
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Articles In This Thread
- Trump to Remove Tariff Exemption From EU, Canada, Mexico- They Gots to Pay!
RumorMail -- Wednesday, 13-Jan-2021 05:52:13
- 1,100 economists warn that Trump is repeating one of the biggest mistakes of the Great Depression
NaturalWisdom -- Wednesday, 13-Jan-2021 05:52:13
- MISES INSTITUTE: American Tariffs and Wars From the Revolution to the Depression
NaturalWisdom -- Wednesday, 13-Jan-2021 05:52:13
- Reader: Tariffs are meant so people will buy more domestic products rather than imported ones
RumorMail -- Wednesday, 13-Jan-2021 05:52:13
- Reader: They promote buying products from our own country and not out sourcing quite as much.
RumorMail -- Wednesday, 13-Jan-2021 05:52:13
- Why We Learn Nothing about Trade
NaturalWisdom -- Wednesday, 13-Jan-2021 05:52:13
- Reader: We are not fighting against nations we are fighting against CORPORATIONS and corporate nations
RumorMail -- Wednesday, 13-Jan-2021 05:52:13
- Mexico hits back at U.S. tariffs with measures on farm, steel products - Damn, I hoped they were taking back their Illegals!!
RumorMail -- Wednesday, 13-Jan-2021 05:52:13
- Reader: TY Pres Trump!! About Time Someone Stood Up for US!!
RumorMail -- Wednesday, 13-Jan-2021 05:52:13
- Reader: All Corporations and businesses factor in taxes to the final cost of a product. You and I pay ALL taxes
RumorMail -- Wednesday, 13-Jan-2021 05:52:13
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