All Posts Tagged With: "smoot-hawley"
Making a Bad Bill Worse
How do you make a dreadfully bad piece of legislation—the nearly $800-billion so-called “stimulus” bill—worse? Simple: Add protectionism. The “Buy American” provision of the stimulus bill, which mandates the use of domestic iron, steel, and manufactured goods even if imports are cheaper, makes our trading partners nervous. That created a problem for President Obama: “I [...]
24Apr2009 | John Stossel | 5 comments | ContinuedThe Great Contraction, 1929–33
The recession that began in mid-1929 need not have become a disaster. Many downturns had occurred previously in U.S. economic history, and nearly all of them had been fairly shallow and soon followed by recovery and continued growth. In the nineteenth century most people had believed that the government neither knew how nor possessed the [...]
1Apr2007 | Robert Higgs | 0 comments | ContinuedThe Redistribution of Blame
According to John Kenneth Galbraith, the economy will at any given moment contain a certain inventory of undiscovered fraud. This inventory (he called it the “bezzle”) rises and falls with the business cycle. When an economic shakeout brings specific cases before the public eye, politicians cry for “reform!” They are unfortunately less interested in corporate [...]
1Oct2002 | and Harold B. Jones Jr. | 0 comments | ContinuedHow Much Do You Know About Liberty? (a quiz)
Try your hand at answering the following questions: 1. What method of resolving disputes did trial by jury replace? 2. Which great American patriot was called the “Prince of Smugglers”? 3. What bulwark of American liberty do we owe to the Antifederalists? 4. How many slaves were liberated by Lincoln’s Emancipation Proclamation? 5. After the [...]
1Jun1996 | FEE Admin | 0 comments | ContinuedNatural Laws of Human Relations
Mr. Bateman is a Vice-president and Director 05 Anderson, Utayton & uom2aany. Human relations, like science, are bound by certain inexorable laws which men violate at their own risk. Even demagogues and dictators respect the natural laws of science. Yet all of us to some degree fail to have equal respect for the natural laws [...]
1Aug1956 | Dupuy Bateman Jr. | 0 comments | Continued-
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Creating Jobs versus Creating Value
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