torstaina, elokuuta 24, 2006

Smoot-Hawley strikes back

Read this. Smoot-Hawley strikes back from the grave with a vengeance.

For those, who don't know what the heck Smoot-Hawley is, it is the law that cause the stock market crash in the Great Depression (most likely) and big part of why the Great Depression was so deep and long. With this one act, the wheels of international commerce came to a cringing halt and nothing was the same again.

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