Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: maceng2 who wrote (1417)	8/20/2002 5:01:31 AM
From: craig crawford	Read Replies (1) of 1643

>> All I can say is look at recent history. The Hawley Smoot Act was a disaster. << oh really? why don't you tell us just how smoot-hawley was such a disaster. i'd love to hear the explanation. after you're done explaining to me how my country's smoot-hawley act was a disaster for world trade i can return the favor by explaining to you how your prime minister took england off the gold standard the following year and caused a massive run on american gold, which was the real reason for the trade wars that followed. >> Trade barriers = less trade = Less hot economy << i guess the founder of the new york tribune didn't agree with you. "Protection is the shortest way to get free trade" --Horace Greeley >> I look to the 1930's to see what the longer term effects are. << if you think the smoot-hawley tariff caused the massive contraction in world trade and the deepening of the depression then i have some swampland i'd like to sell you. anyone who claims that smoot-hawley caused or prolonged the depression demonstrates a complete misunderstanding of historical trade relationships. it only takes a few facts to expose how ludicrous the claim is.

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