05-04-2017, 02:15 PM
(05-02-2017, 05:02 PM)Mikebert Wrote: Other than my quibble about Smoot-Hawley, I think your take is spot-on.
My true opinion on the exact scope of any economic effects Smoot-Hawley had is essentially this, after years of trying to figure out where it fits: ¯\_(ツ)_/¯
So I'm willing to leave the economics of it to smarter people than me, and concede your quibble. I do still think that it stands as a ham-handed response to a crisis situation, however, driven by outdated political thinking.