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To: Jim 0216

Those pronouncements were a reflection of the trade reality.

The US derived 95% of all its revenue from tariff on imported goods until 1913. Of these were blanket tariffs...a flat 20% being one example. Sometimes targeted.

But never absent.

And that includes the 1800s, your contrary contention notwithstanding.

Additionally, I challenge you to cite a single example of a large nation-state which has practiced Smithsonian free trade...ever in human history.


23 posted on 02/07/2018 2:50:38 PM PST by Mariner (War Criminal #18)
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To: Mariner

I never said the 1800’s were absent tariffs, only that they were relatively insignificant with government spending below 10% the GDP. I also said tariffs for government revenue is a valid use - MUCH better than the income tax.


24 posted on 02/07/2018 2:56:13 PM PST by Jim W N
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To: Mariner; Jim 0216

Jim is a religious disciple of Smithian economics and facts will not deter him from his wrong headed beliefs. He dos not have the ability to learn new things. I think he is a curmudgeon.


35 posted on 02/07/2018 4:07:36 PM PST by central_va (I won't be reconstructed and I do not give a damn)
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