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US House votes to bar new DJI drones as 'China week' gets underway (www.reuters.com)

submitted 4 days ago by [email protected] to c/[email protected]

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[–] [email protected] 37 points 4 days ago* (last edited 4 days ago) (1 children)

these 21st century Smoot-Hawley Tariffs are a good idea and I encourage the USA in strangling itself

[–] [email protected] 31 points 4 days ago (1 children)

For those of us who don’t remember high school US history very well:

[Passed in 1930] The Act and tariffs imposed by America's trading partners in retaliation were major factors of the reduction of American exports and imports by 67% during the Great Depression. Economists and economic historians have a consensus view that the passage of the Smoot–Hawley Tariff worsened the effects of the Great Depression.

[–] [email protected] 13 points 3 days ago (1 children)

Today we have a similar debate over this. Anyone know what this is? Class? Anyone? Anyone? Anyone seen this before? The Laffer Curve. Anyone know what this says? It says that at this point on the revenue curve, you will get exactly the same amount of revenue as at this point. This is very controversial. Does anyone know what Vice President Bush called this in 1980? Anyone? Something-d-o-o economics. "Voodoo" economics.

[–] [email protected] 6 points 3 days ago

fr the only reason I remember the name smoot hawley tbh, though I think they did come up once in school mayyyybe