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<p>[QUOTE=&quot;Cloudsweeper99, post: 1442501, member: 3011&quot;]The US absolutely achieved a high standard of living through tariffs to protect US workers from cheap foreign labor. To think otherwise is to not understand economic history regardless of how many degrees you have.&nbsp; Smoot Hawley did not cause the Great Depression.&nbsp; If you study the economic statistics carefully, you will see that the economy began to recover after the tariff was implemented.&nbsp; It was only the failure of Credit Anstalt and the inexcusably poor reactions by the central banks of the world that turned a recession into a Depression.&nbsp; The Great Depression was a banking/credit/liquidity crisis, not a trade crisis.&nbsp; Of course, this is not widely taught because the writers of the text books have a different agenda.</p><p><br /></p><p>So we will disagree, although it is interesting that you credit the prosperity of India with the same free trade restrictions that you indicate would be no good for the US.&nbsp; Sometimes it is more difficult to unlearn things you believe but are incorrect than to learn the truth the first time around.&nbsp; If your position wins the day, and it very well might, the US will successfully compete by depressing wages to third world levels.&nbsp; This might be good for corporate profits but not for citizens, and that is the real point, is it not?[/QUOTE]</p><p><br /></p>

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