Research Fellow Burton Abrams: Hawley-Smoot damaged its promoters and intended beneficiaries alike and imposed tremendous costs on consumers. The Hawley-Smoot Act clearly ranks as one of the worst economic policies in American history. For all but the willfully blind, the lessons should remain apparent. Politicians who push misguided policies are likely to find voters willing to give them the boot. Sadly, the negative consequences of those misguided policies can easily outlast the election cycle.
Posted on: Tue, 17 Jun 2014 22:00:00 +0000
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