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9 sats \ 4 replies \ @Rothbardian_fanatic 29 Jan \ on: Trump goes all out! news
Don’t know if you want him to go all out!! He has ideas about tariffs that may be more harmful than helpful to the American people. It seems that protectionism is one of those things like minimum wages that hurt people more than anything else. If he is just using it as a threatening gesture, fine, but if he starts applying tariffs, look out below!
Calvin Coolidge supported tariffs but he cut income taxes and government spending and presided over the roaring 20s, post Harding, pre Hoover
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The Federal Reserve was also printing like madmen at that time to recover from WWI.
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from 1920 to 24 then slight deflation and stability during the Coolidge years and then disaster: money supply decreased by 33% between 1929 and 1933
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The FRB did it!
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