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To: central_va
All the founding fathers were protectionists, all

Since you're unwilling to have a conversation I leave you with this, in a letter from James Monroe to Thomas Jefferson (1785):

"Yet an opinion seems to be entertained by the late commercial writers and particularly a Mr Smith on the wealth of nation that the doctrine of the balance of trade is a chimera in pursuit of which Great Britain hath exposed herself to great injury."

Don't make the mistake of conflating the adoption of tariffs to help pay federal war debts with the embrace of protectionism as general principle. Hamilton's opinions on the matter were not universal.

104 posted on 10/15/2015 7:00:03 PM PDT by Gunslingr3
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To: Gunslingr3

What would have happened in Great Britain in the late 18th century if all the furniture making factories were shut down and the work force made unemployed, and these facilities and equipment shipped the the colonies where labor was dirt cheap? Then the furniture made in the colonies was re imported back into Great Britain, duty free, to be sold at the same price but the margin was bigger and the furniture makers pocket the difference?


105 posted on 10/16/2015 5:13:19 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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