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by toomuchtodo
589 days ago
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I think the only people who can explain their rationale would be those people you’re talking about. We can wildly speculate (low regulation, pro business, etc), but domain experts broadly agree the tariffs in question would be detrimental to the US economy. I suppose we’ll have data from a natural experiment shortly. Will the data matter? Probably not. |
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We reversed on Smoot-Hawley in a few years. I expect the same this time. If you have capital, there will be a lot of agricultural and manufacturing assets in distress. If you don’t, I guess get some? (I’m putting aside cash to buy farmland.)