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Items tagged with: Hoover
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…
#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…
