History Does Repeat Itself
Posted by Jonathan Williams on Aug 1st, 2007
2007
Aug 1
Today, 1,028 economists signed a petition in opposition to raising tariffs against China. These protectionist policies are likened to the Smoot-Hawley Tariff Act that Hoover signed into being in 1930. This act was seen as one of the things that contributed to the Great Depression and at the time was also opposed by 1,028 economists.
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