Wednesday, March 8, 2017

Smoot-Hawley Redux?

From the article:

" America’s monetary and capital structure from 1921 to 1929 was primarily shaped by six factors: first, a centrally planned monetary system; second, a decade of disguised inflation; third, branch-banking restrictions; fourth, state deposit insurance programs; fifth, agricultural subsidies; and finally, a plethora of taxes and regulations."

After the Republicans in Congress sweep the remains of the ACA under the rug they move on to trade.....

More uncertainty ahead,


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