I thought the Smoot-Hawley tariffs caused the Great Depression? I thought tariffs were heinous and evil government intervention? This kind of inconsistency is why I decided I shouldn't interact with you. Too much time wasted in being yanked around by a... what are you, anyway?
Yes, Smoot-Hawley did help cause the Great Depression. But for a long time tariffs were our government's primary source of income. I am someone who believes that government is a necessary evil and that the taxes to fund it interventions by it should be as small and rare as is possible.
Stupid or a genius? He is stupid if the negotiations he has started don't improve our trade. A genius if they do.
“You never change things by fighting the existing reality. To change something, build a new model that makes the old model obsolete.” – R. Buckminster Fuller