03-01-2016, 07:27 AM
Hmmmm those who do not learn from history are doomed to repeat it.
http://americastradepolicy.com/did-the-s...tTosi_SkY0
Back to not voting.
http://americastradepolicy.com/did-the-s...tTosi_SkY0
Quote:In early May 1930 1,028 leading American economists presented President Hoover, Senator Smoot and Congressman Hawley with a letter urging Hoover to veto the bill if it passed Congress. (The organizer of the letter was Dr. Claire Wilcox, my economics professor in college.) The economists argued that the tariff increases would raise the cost of living, limit our exports as other countries retaliated, injure U.S. investors since the high tariffs would make it harder for foreign debtors to repay their loans, and damage our foreign relations. Unfortunately, this is what happened.
Back to not voting.

