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To: Jim 0216
Here we go again.

I hope you're right...the American System on which Trump's MAGA economic policy is based has been around since Alexander Hamilton.

11 posted on 02/07/2018 11:18:32 AM PST by mac_truck (aide toi et dieu t'aidera)
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To: mac_truck

America in the 1800’s had a federal government that spent about 5% GDP - relatively small and non-invasive. America in the 1800’s was one of the freest counties ever to exist in history and its economy was essentially a market economy free from government interference. Tariffs were relatively minor and were used effectively at our beginnings to protect our fledgling industries grow in our new country. Going into the 1800’s America was up and running. Tariffs, again a minor issue then and not significant, were validly used for revenue, but mistakenly to “protect” maturing/mature industries.

Tariffs penalize and are a tax on the American consumer and lower our standard of living. Tariffs today are a palliative, not a curative, measure having the appearance of fixing something, but as with most government programs, actually make matters worse.


18 posted on 02/07/2018 1:26:19 PM PST by Jim W N
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