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 [...]
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 [...]
The current administration is positioning their policy initiatives as if they are intended to help the working class. Nothing could be further from the truth. It’s not about us.
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 [...]