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Started By
Message
1
Posted on 3/26/25 at 7:47 am to BCreed1
quote:
To blame Smoot/Hawley as the sole reason for it is not based in facts.
Check out the unemployment rate before and after the market crash of ‘29.
Then check out the unemployment rate after Smoot-Hawley was passed.
You’re correct that Smoot-Hawley didn’t cause the GD, but, it turned what was an economic correction into a Depression.
This post was edited on 3/26/25 at 7:48 am
Posted on 3/26/25 at 7:53 am to DisplacedBuckeye
muh washer and dryers :rotflmao: As predicted by me
Posted on 3/26/25 at 7:56 am to Aubie Spr96
quote:
That’s a really long way to say ‘tariffs are taxes’.
He's yet to offer any support beyond this magical hand-waving. You can get him to admit that tariffs increase cost but the next sentence is some vague claim about how the increase gets offset by unicorns and puppies.
Unless you're an anarchist taxes aren't inherently bad, tariffs included. Government has to be funded somehow. But just like our income tax system has downsides, tariffs do as well.
Posted on 3/26/25 at 8:02 am to SDVTiger
I didn't bring it up. I corrected someone trying to cherry-pick the data.
Posted on 3/26/25 at 8:04 am to DisplacedBuckeye
Muh Washing Machines!! And Muh Dryers!
Tariffs bad!!
You are such a predictable clown.
Tariffs bad!!
You are such a predictable clown.
Posted on 3/26/25 at 8:05 am to SDVTiger
You spent all day yesterday whining about Muh Math and ignoring it when it was presented to you.
You're a joke.
You're a joke.
Posted on 3/26/25 at 8:07 am to DisplacedBuckeye
You idiots cant even provide a single example. You did exactly as I predicted you would do
Including washer and dryers
You are the biggest liar on here. Also as dumb as Taxing Authority
Including washer and dryers
You are the biggest liar on here. Also as dumb as Taxing Authority
Posted on 3/26/25 at 8:09 am to Harry Boutte
Foreigners tariff our goods, and subsidize their own industry. They also buy up the US dollar to make it an expensive currency. All of this makes us less competitive, none of that is because of “free trade”
And yes there are benefits to buying goods that another nation subsidizes to make (basically subsidizing our purchase price). But in a crisis you have no industry. You also do not have steady, decent jobs for the lower classes. Small towns are vanishing because it’s impossible to sustain local economies. This puts more pressure on big city housing prices.
Libertarian economics are mostly great. But people seem to forget that there is a (large) political aspect to economics, it’s not just supply/demand
And yes there are benefits to buying goods that another nation subsidizes to make (basically subsidizing our purchase price). But in a crisis you have no industry. You also do not have steady, decent jobs for the lower classes. Small towns are vanishing because it’s impossible to sustain local economies. This puts more pressure on big city housing prices.
Libertarian economics are mostly great. But people seem to forget that there is a (large) political aspect to economics, it’s not just supply/demand
This post was edited on 3/26/25 at 8:10 am
Posted on 3/26/25 at 8:11 am to Ten Bears
You would be hard pressed to find an economist that agrees with that. As point out by Creed, Milton doesn't agree with you at all.
Posted on 3/26/25 at 8:11 am to BCreed1
quote:
Protectionism can go too far: Insulating firms from any concern about foreign competition could lead to stagnation
How so? If tariffs are so wonderful, and if they create all these jobs without increasing costs, while simultaneously eliminating the need for the income tax, why wouldn’t even higher tariffs create even more wealth and employment? I mean, it could be 1914 on steroids.
That’s the basic fallacy of your position. It’s no different than those that claim raising the minimum wage drives wage growth or welfare / food stamps increase economic activity. Sure it might, but at what cost? Because we truly believed that, we would increase the minimum wage to $3,000/hr and quadruple welfare benefits.
Posted on 3/26/25 at 8:14 am to SDVTiger
Posted on 3/26/25 at 8:15 am to DisplacedBuckeye
quote:
They WILL cause prices to go up
Facking morons
Posted on 3/26/25 at 8:17 am to SDVTiger
quote:
GAVTiger
Posted on 3/26/25 at 8:21 am to DisplacedBuckeye
You clowns are so dumb. You cannot provide a single example. You both linked that idiots wall of nothing.
It ended with
yeah how much you dumbfricks. Now you will say something dumb to avoid answering or ask a question to my question cause you cant answer or talk about Gavin the man you are in love with
Predictable and just stupid is what you are cuckeye.
It ended with
quote:
They WILL cause prices to go up
yeah how much you dumbfricks. Now you will say something dumb to avoid answering or ask a question to my question cause you cant answer or talk about Gavin the man you are in love with Predictable and just stupid is what you are cuckeye.
Posted on 3/26/25 at 8:21 am to Jjdoc
quote:
As point out by Creed, Milton doesn't agree with you at all.
Well, except for the part where he does.
quote:
The Smoot-Hawley Tariff Act has come to symbolize protectionism run mad. It has been blamed for both the 1929 stock-market crash and the subsequent Depression. In my view, that gives it too much “credit.” However, it did impose heavy costs on the American consumer, did deepen the Depression, and did usher in a decade of “beggar-thy-neighbor policies” around the world.
Posted on 3/26/25 at 8:22 am to SDVTiger
Ignoring the numbers won't make them go away, California Tate.
Posted on 3/26/25 at 8:23 am to DisplacedBuckeye
As predicted
Posted on 3/26/25 at 8:23 am to SDVTiger
You got called out all day yesterday.
As predicted...
As predicted...
Posted on 3/26/25 at 8:25 am to DisplacedBuckeye
K we will be waiting for those numbers
Someday you idiots might be able to answer
Someday you idiots might be able to answer
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