Self-indulgence..you have a bit of that yourself Mark.
“that’s outstanding”
Yep
Mark still imagines himself to be an expert on tariffs, and ‘expert’ that he is he thinks they are Evil and that Smoot-Hawley caused the Great Depression.
If he did know much, which he doesn’t, he would know that the Fordney-McComber Tariff of 1922 was virtually identical to Smoot-Hawley and of course was followed by the Roaring 20s.
Gee, how did that happen? Well it happened because no serious student of economic history believes that Smoot-Hawley caused the Depression. It was correlative with the Depression, not causative.
The prime driver of the Great Depression was the collapse in the American banking system, which little Mark doesn’t know because he’s no student of economic history. Try picking up Friedman and Schwartz’ ‘Economic History of the United States’ and read the chapter ‘The Great Contraction’ you big dummy, and in the meantime shut your piehole about tariffs.