Ok, normally deflation causes unemployment aka too little money chasing too few goods and services. Nationalist economics serves middle class interests versus antinationalist practices of the globalists.
Having said this it is not a golden path, answering all conditions. On Friday, February 26, 2021 John Clark <[email protected]> wrote: On Thu, Feb 25, 2021 at 1:13 PM spudboy100 via Everything List <[email protected]> wrote: > Even nationalists are quite aware of the effect of the Smoot Holly tariff at > the beginning of the depression and how it turned the depression into the > great depression. As historian Pat Moynihan stated some years ago the road to > Hiroshima and Auschwitz flowed through Smooth Holly I basically agree..., but "even" the nationalists? I think you mean ESPECIALLY the nationalists! The Smoot Hawley Tariff Act was passed by a Republican Congress and signed by Republican president, and it was intended to curtail free trade, and it did exactly that; and thus it turned a garden-variety recession into a worldwide decade long depression. And there has been no greater opponent to free trade in the last century than Donald J Trump, the man even proudly said "I am a Tariff Man". > I am deeply concerned about the way the Democrats are profoundly affiliated > with the globalist I am deeply concerned about the way the Republicans are profoundly affiliated with QAnon. Globalists have brains, QAnon doesn't. > The impact of the new administration's policies may get us into a situation > where we are involved in hyperinflation as in the 1970s Republicans have been predicting that every single year for the last 50 years, except of course for the years in which they held the presidency, because everybody knows deficit spending only matters when a Democrat is President. And In 1930, the same year Republicans passed the Smoot HawleyTariff Act, they also opposed increasing Government spending because they were worried about inflation even though at the time the country was mired in the opposite sort of economic catastrophe, deflation. And deflation can be every bit as harmful as inflation as events soon proved. John K Clark See what's on my new list at Extropolis . -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/everything-list/CAJPayv3RXUstTtdhhXjXEjO3m0rdtFiLd5aPbGOOArfhfioqmA%40mail.gmail.com. -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/everything-list/79417097.247101.1614375696261%40mail.yahoo.com.
