The year was 1930. The greatest depression in U.S. history closed around the nation like a dark shadow. Congress was desperate to do something that put the nation to work again. What could do it? Rep. Willis Hawley and Sen. Reed Smoot had a plan – close down imports and make Americans buy products made in America. Their Smoot-Hawley Tariff
Globalization, Not Nationalism, Drives The World
The world has changed, and largely for the better. But while governments can spike their way out of a temporary bad situation they can’t rely on trashing their currency forever.