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View Diary: Outspoken 300 warn against austerity economics (99 comments)

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  •  Austerity <--> Smoot Hawley Tariff Act (0+ / 0-)

    Just as the Smoot-Hawley Tariff Act slowed trade, thereby worsening the Great Depression, so would Austerity.  Austerity is a restriction on trade by a different means but a restriction nonetheless.  Don't our dear Free Marketeers rail against restrictions on trade all the time?

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