“As cost-conscious Americans clip every coupon, they might well wonder about government policies that take needed money from consumers. Smoot-Hawley set high tariffs on hundreds of products. In the decades since 1930, many of these rates have been reduced to more reasonable levels, or eliminated altogether. However, footwear tariffs have remained largely untouched. The thriving U.S. shoe-manufacturing sector of the 1930s is long gone, but what remains are protective tariff rates of 37.5%, 48% and some as high as 67.5%.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
The Grand Experiment: Offloading Risk onto the State
A Great Handicap of Economies Run by Political Authorities
John Hussman: Durable Returns, Transient Returns
The Reason Police Brutality Is Rising
Doug French: Signs That It’s Time to Head for the Exits
Surveillance Self-Defense International [2010]
A $100k earner gets to keep $99k in Singapore but $57k in San Francisco
Smartphone & Laptop Searches: Know Your Rights
Will Grigg: The Protected Predator Class
The Land of the Blind: The Illusion of Freedom in America
Who Owns Congress? The NSA or the FED?
An Orwellian America
The True Story Behind 300 and Sparta's "Super Soldiers"
Censorship in Libraries: 10 Years Under the Children’s Internet Protection Act
Why Expansionist Central States Inevitably Implode