time to get out
time to get out
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126 comments
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If I recall my history right, the 1929 stock market collapse precipitated the Great Depression, and the tariffs were a (misguided) attempt at trying to set the economy straight.
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Dont let facts get in the way of a cheeky social media post.
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Ferris bueller kinda called this one.
The bueller... bueller... bueller bit is preceded by ben stein explaining the Hadley snoot tariffs to a visibly bored and distracted classroom.
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From Smoot-Hawley to Bueller-Trumpy.
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Did it make it better or worse?
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In case you are seriously asking this is from Wikipedia.
Intended to bolster domestic employment and manufacturing, the tariffs instead deepened the Depression because the U.S.'s trading partners retaliated with tariffs of their own, leading to U.S. exports and global trade plummeting. Economists and historians widely regard the act as a policy misstep, and it remains a cautionary example of protectionist policy in modern economic debates.
Soooo much much worse.
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I figured as such but since he was saying OP was wrong, I thought it worth asking.
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126 comments