Originally Posted By: logtroll
Originally Posted By: Senator Hatrack
The lesson of the Smoot Hawley Act and the Great Depression it helped cause should teach us about the dangers of government intervention in the market.

I agree that there should have been a lesson learned about tariffs (but Trump is too stupid to learn any lessons).
Stupid or a genius? He is stupid if the negotiations he has started don't improve our trade. A genius if they do.

Quote:
I don't agree with your vague generalization, extracted from this one example, that all government intervention in "the markets" is bad.
I did not say that all government interventions are bad. But to try to list those that are good or those that are bad would take too much time. I have a radical suggestion, that will never be implemented, get rid of every government intervention. In a short period of time the good and bad ones will sort themselves out.
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I'm a conservative because I question authority.
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