Post #42920 by onepoorguy on the US Policy board

Please be patient and understanding when interacting with others, and avoid getting frustrated or upset if someone does not respond to your posts or if a discussion does not go as you expected. Remember that everyone is entitled to express their own perspectives. Furthermore, even when you don't entirely agree, try to benefit in some way from it.

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People never learn from history...[sigh]

Of course, I actually first learned about this from Ferris Buehler. The Hawley-Smoot Tariff Act of 1930. An attempt to raise funds to ameliorate the Great Depression. It actually made the Depression worse, because a tariff doesn't happen in a vacuum. It provokes behavioral responses (e.g. people shift their buying habits), and also retaliatory tariffs. Which, again, will shift buying habits.

For very specific applications (e.g. a nation "dumping" product on the market), it can be a useful tool. As a general policy, it is stupid.

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