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Trump’s tariffs will likely lead to stagnation, not a depression
If we overestimate the costs of trade restrictions today, we make it harder to sell the public on free trade tomorrow.
Trump says high tariffs may have prevented the Great Depression. History says different
The Tariff Act of 1890 raised taxes to 49.5% on 1,500-plus items. Championing the move was the “Napoleon of Protectionism,” ...
U.S. Money Supply Recently Did Something Last Witnessed During the Great Depression -- and It's Typically a Harbinger of a Big Move in Stocks
According to data from the Board of Governors of the Federal Reserve System, the U.S. M2 money supply clocked in at $21.671 ...
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Trump says high tariffs may have prevented the Great Depression. History says different
It worsened after the Panic of 1893, when unemployment reached 25%. Historians referred to the period as the “great depression” until it was superseded by the actual Great Depression.