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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Investor2 who wrote (8366)9/3/1999 11:22:00 PM
From: JF Quinnelly  Read Replies (1) of 15132
 
Wanniski has an interesting theory regarding the Great Depression in his book The Way the World Works. Wanniski blames the 1929 stock market crash on the Smoot-Hawley Tariff.

Now the Smoot-Hawley Tariff was enacted after the stock market crash. So with the Wanniski thesis, we have the effect preceding the cause.

Martin Anderson, an economist and one of President Reagan's advisors, mentions Wanniski in his book Revolution and essentially says that Wanniski is a journalist who doesn't get his facts straight.
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