Thomas, Smoot Hawley was done for show. At that time the USA was an isolationist country, self-supporting and really didn't do a lot of overseas trade relative to today. We made stuff then and really didn't interact with the world except to get dragged into WWI. Smoot Hawley is overused by the "Free Traders" to argue their economics.
Thomas, Smoot Hawley was done for show. At that time the USA was an isolationist country, self-supporting and really didn't do a lot of overseas trade relative to today. We made stuff then and really didn't interact with the world except to get dragged into WWI. Smoot Hawley is overused by the "Free Traders" to argue their economics.
Manufacturing jobs? A lot of people here think manufacturing is in a dirty noisy plant? Some is but very little today. Manufacturing plants today are robots' automation and computer driven. You have to be a smart hard-working person to work in these plants.
Making stuff just gives synergy to an economy and the spin offs from making stuff and producing people in your society with this mind set is parabolic in money and good jobs and growing healthy communities.
Jeff, my great grandfather, who owned a grain elevator, foreclosed on farmers who couldn’t sell their crops because of the tariff you claim was for show. And the US does manufacture a lot of stuff right now. That’s another reason these tariffs are bad. One thing you need for manufacturing is different kinds of input, some of which we simply don’t make in the US or have enough of. But the costs of all of those inputs have now gone up, making our manufacturing less competitive. That’s why Smoot Hawley is instructive. It was the last time the US did across the board tariffs.
Ok sorry to hear about your grandfather. Really, I am. I still stand by Smoot Hawley was overused and if one looks at all of the data it was minimal overall.
It contributed to the Great Depression. I don’t think that’s minimal. What Smoot Hawley teaches you is that across the board tariffs are bad. Tariffs that smartly protect key industries or rebalance for unfair trade practices make sense. But these tariffs are designed to address trade deficits without accounting for why those deficits exist in the first place, which is mostly that we’re rich and want to live like it. I’m from Ohio so I’ve seen how the loss of manufacturing jobs hollowed a lot of places out. But that’s because the pace of change was simply too fast for them to transition. These tariffs are also too fast for people to transition and will caps the same type of pain in reverse.
Thomas, Smoot Hawley was done for show. At that time the USA was an isolationist country, self-supporting and really didn't do a lot of overseas trade relative to today. We made stuff then and really didn't interact with the world except to get dragged into WWI. Smoot Hawley is overused by the "Free Traders" to argue their economics.
Manufacturing jobs? A lot of people here think manufacturing is in a dirty noisy plant? Some is but very little today. Manufacturing plants today are robots' automation and computer driven. You have to be a smart hard-working person to work in these plants.
Making stuff just gives synergy to an economy and the spin offs from making stuff and producing people in your society with this mind set is parabolic in money and good jobs and growing healthy communities.
Jeff, my great grandfather, who owned a grain elevator, foreclosed on farmers who couldn’t sell their crops because of the tariff you claim was for show. And the US does manufacture a lot of stuff right now. That’s another reason these tariffs are bad. One thing you need for manufacturing is different kinds of input, some of which we simply don’t make in the US or have enough of. But the costs of all of those inputs have now gone up, making our manufacturing less competitive. That’s why Smoot Hawley is instructive. It was the last time the US did across the board tariffs.
Ok sorry to hear about your grandfather. Really, I am. I still stand by Smoot Hawley was overused and if one looks at all of the data it was minimal overall.
It contributed to the Great Depression. I don’t think that’s minimal. What Smoot Hawley teaches you is that across the board tariffs are bad. Tariffs that smartly protect key industries or rebalance for unfair trade practices make sense. But these tariffs are designed to address trade deficits without accounting for why those deficits exist in the first place, which is mostly that we’re rich and want to live like it. I’m from Ohio so I’ve seen how the loss of manufacturing jobs hollowed a lot of places out. But that’s because the pace of change was simply too fast for them to transition. These tariffs are also too fast for people to transition and will caps the same type of pain in reverse.