How to smite Smoot

Gains from immigration could be even greater than those from more tradeIN JUNE 1930 the Smoot-Hawley tariff act turned a stockmarket collapse into a crippling, decade-long Depression. Now, politicians seem to be preparing for protectionism even while financial meltdown is going on. Barack Obama and Hillary Clinton vie with each other to be nasty about the North American Free-Trade Agreement. Last year the European Union dropped the principle of ?free and undistorted competition? from its Lisbon treaty. …
Original Source

  27 March, 2008| massmedia | @ 14:45

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