March 15 will be an important day.

[Mikebert]

(05-02-2017, 04:40 PM)David Horn Wrote:

(05-01-2017, 08:04 PM)Mikebert Wrote: I believe Smoot-Hawley had a negligible impact on the Depression which was caused by an entirely different set of forces.  If this is correct then we should see a serious recession when this expansion ends.

I agree with your assessment, but find the Smoot-Hawley Act stupid nonetheless.  Why a net exporter would think it made sense to inflame other predominantly net importing nations by erecting trade barriers seems stupid on its face.

True, but hardly any more stupid than our own 4T.