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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Sidney Reilly who wrote (4598)	8/15/2002 10:18:59 AM
From: Jim Willie CB	Read Replies (3) \| Respond to of 89467

imposed tariffs convinced me that we are repeating 1930's this is an extreeeeemely well studied economic policy error it started with steel, then agriculture, then lumber it protects our control of production but it also keeps prices high, employment down it represents malinvestment I am convinced that succumbing to political pressures is always the easy route, the path of least resistance, yielding to the cry and moan of the masses but it results in far worse economic damage with a sustained dollar decline in combination, it can even result in a very damaging recession, or worse after another few policy errors, we might see... THE GREATER DEPRESSION yes, last straw for me too when I heard of tariffs, my immediate thought was that the Bush Econ team is full of real amateurs, children / jim