The Smoot-Hawley Tariff and the Great Depression

Second, the farm sector would not be helped since “cotton, pork, lard, and wheat are export crops and sold in the world market” and the price of farm equipment would rise. Third, “our export trade in general would suffer. Countries cannot buy from us unless they are permitted to sell to us.” Fourth, the tariff would “inevitably provoke other countries to pay us back in kind against our goods.”
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Farmers are going bankrupt, John Deere has layed people off, and China hasn’t been buying products.


No-no to Reno and Beto

Note: This is the G-File, Jonah Goldberg’s newsletter. If you saw this without subscribing and want it in your inbox, sign up here. Dear Reader (as well as those who opted to receive this “news”letter through long protein strings), This is the first G-File of the new era. I feel like I should be dressed all fancy and serve the good cheese. You know the one that says cheese and not “cheese product” on the label.
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