Tag Archives: smoot-hawley
Make Depressions Great Again
President Trump, with his Liberation Day tariff program, has started something that he cannot stop. The economic metamorphosis – a bifurcation between east and west – is already underway. Global trade is contracting. Supply chains are breaking down. Continue reading
Posted in Economy, MN Gordon
Tagged geopolitical shocks, great depression, smoot-hawley, trade tariffs, trade war
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How The Trade War Ends
The quote “When goods don’t cross borders, soldiers will,” is frequently attributed to 19th century writer and free market economist Frederic Bastiat. While these specific words, strung together with this specific syntax, cannot be found in Bastiat published catalogue, their sentiments are of the type he would have likely endorsed. Continue reading
