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Tag Archives: tariffs

The truth about the trade imbalance


At no time besides elections does the trade imbalance — the difference between the monetary value of a country’s imports and exports — become such an important yet poorly understood issue. According to recent information compiled by the Census Bureau, the United States’ trade deficit as of June 2016 stands at $39.47 billion, down slightly from a previous level of ...

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Congress to Enhance Smoot-Hawley – Protectionist Cause of the Great Depression

Smoot-Hawley was officially named the “Tarrif Act of 1930”.  The act raised or enacted tariffs on over 20,000 imported goods. This incredibly protectionist move is largely credited with creating the Great Depression.  Our current leadership thinks we should try it again. In a Wall Street Journal article the point is made that we may be headed into another Great Depression. ...

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America Goes Protectionist, Echos 1930’s Era Actions

Still thickly in the middle of the biggest economic catastrophe since the great depression, American policy makers are making anti-free trade decisions that are eerily similar to the protectionist moves made during the depression. The A.R.R.A. (stimulus bill), has provisions in it that only allow the money to be spent on “manufactured goods” that are made in America.  While a ...

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Experts Concerned on Coming Depression

In a recent Telegraph article, it is suggested that President Obama is making some historic mistakes in the handling of the American economy.  The author goes so far as to say that these mistakes are the same as those made by leaders just before and during one of the darkest financial times in U.S. history – the Great Depression. The ...

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