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To: central_va
Smoot Hawlwey had a minimal impact ont the Great Depression, because ALL trade was less than 5% of the economy in 1935. So do you want white whine with your red herring?

central_va, I've said it before, I'll say it again, you are the stupidest poster on this site. Everything you've said on this thread, you pulled out of your ass, meaningless. One of the dumbest was (paraphrasing) "tax policy has no effect on off-shoring". You are not to be taken seriously and I'm not answering your stupidity point by point.

239 posted on 12/26/2015 3:04:43 PM PST by Partisan Gunslinger
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To: Partisan Gunslinger
Imports during 1929 were only 4.2% of the United States' GNP and exports were only 5.0%. Monetarists, such as Milton Friedman, who emphasize the central role of the money supply in causing the depression, note that the Smoot-Hawley Act only had a contributory effect on the entire U.S. economy.[23]

How could something that only affected 4.32% of the economy cause massive harm? I think even a Free Traitor™ fascist could see the logic in that.

Go Trump, go!

241 posted on 12/26/2015 3:10:17 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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