The right wing story was that the expectation of the future passage spooked the market. That is something entirely different.y
On Thu, Mar 05, 2009 at 01:00:23PM -0800, raghu wrote: > On Wed, Mar 4, 2009 at 9:08 PM, michael perelman > <[email protected]> wrote: > > This work follows in a long tradition. For example, their forefathers > > already figured out that the Smoot-Hawley tariff caused the Great > > Depression. > > > Are they wrong? Is it inaccurate to say that Smoot-Hawley > *contributed* to prolonging the Depression? > > Doesn't that episode offer valuable lessons on reversing course too > far, too fast on globalization etc for today? > -raghu. > > > -- > "Due to budget cuts the light at the end of the tunnel has been switched off." > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
