Protectionism is a Recipe for Economic Calamity
July 7, 2016
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1:13Now PlayingProtectionism is a Recipe for Economic Calamity
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as posted by the channelMatt Kibbe challenges Donald Trump to check his history on trade, as Trump is proposing massive new tariffs on foreign goods. Our history tells us this would be an economic disaster.
How did we get to the Great Depression? With radical expansion of money and credit under the Federal Reserve and the Smoot-Hawley Act. The Great Depression lasted so long BECAUSE of protectionism.
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