So someone who disagrees with FDRs assertions about Smoot, is a leftist? Wow, most people think FDR was the leftist,,and disagreeing with him is,,oh, nevermind that. But* do you understand what is meant by the term *percentage*? 3% of the GDP then, is like, 3% of GDP now. I can see now why nobody can seem to get through to you.
You might be knew to FR econ threads, so let me tell you how it works: anyone who doesn’t cite to their authority is usually ashamed to cite to their authority.
What's more significant, a 3% drop from a base figure of 100, or a 3% drop from a base figure of 1000? I can see why no one can get through to you, you're an idiot.