3 days ago • •
#USpol
Prediction:
If the #OrangePeril stays this crash course, he'll be remembered as the #POTUS who singlehandedly caused the #GreatDepression2.0, as is explained here by looking at what happened when #Hoover tried this suicide aproach back in 1930:
mastodon.social/@HistoPol/1142…
HistoPol (#HP) 🏴 🇺🇸 🏴
2025-04-02 20:51:55
#TrumpTariffs #TrumpeanTradewars*IMPORTANT #GreatDepression2.0*If you haven't studied economics or haven't lived through the 1930's, I strongly recommend listening to today's #TheIntelligence #Podcast of #TheEconomist about the disastrous #SmootHawleyTariffAct of 1930.It has been done before and the results boosted the #GreatDepression, which was milder in very few nations, such as Japan.To keep the picture: the #TrumpTariffs are #MacroeconomicSepuku:mastodon.social/@HistoPol/1142…
*IMPORTANT #GreatDepression2.0*
If you haven't studied economics or haven't lived through the 1930's, I strongly recommend listening to today's #TheIntelligence #Podcast of #TheEconomist about the disastrous #SmootHawleyTariffAct of 1930.
It has been done before and the results boosted the #GreatDepression, which was milder in very few nations, such as Japan.
To keep the picture: the #TrumpTariffs are #MacroeconomicSepuku:
2/ Via @jeffjarvis
After-hours trading new. The market knows that the Trump recession is here. It is entirely his fault. Entirely.
HistoPol (#HP) 🏴 🇺🇸 🏴
in reply to Laffy • • •#USpol
Prediction:
If the #OrangePeril stays this crash course, he'll be remembered as the #POTUS who singlehandedly caused the #GreatDepression2.0, as is explained here by looking at what happened when #Hoover tried this suicide aproach back in 1930:
mastodon.social/@HistoPol/1142…
HistoPol (#HP) 🏴 🇺🇸 🏴
2025-04-02 20:51:55
Laffy
in reply to Laffy • • •2/ Via @jeffjarvis
After-hours trading new. The market knows that the Trump recession is here. It is entirely his fault. Entirely.