So much confident cluelessness in so few characters. Ignoring the fact that her last year listed is 2025 and she is evidently from the future, literally any economist -- Keynsian OR Austrian -- would stare in disgust at anyone who thought they could reduce the Great Depression to one cause. Just in the US there's a bundle of them, including the fact that we had some private-public bastardization of a company (the "Federal" "Reserve") starting to monkey with the money supply. I figure there's a reason the first 'depression' happened in the post-Fed age.
Well, we don't know the *lasting* effects of the US tariffs yet - but they do seem to be having a negative effect on the your economy. Plus they're annoying the rest of the world which is acting accordingly. If one country is restricting trade with you and another one isn't, guess where trade naturally moves - if it can?
Sure they're still arguing over what caused The Great Depression. Its certainly not a single factor or event. What gets significant agreement is that global tariffs, and the subsequent restriction/slowdown in world trade, both made it deeper & longer that it 'needed' to be.
Generally speaking tariffs are a *really* stupid way to regulate trade policy. In certain circumstances and for short periods they can be useful - the protection of a emerging industry for example - but generally speaking they're more often than not counter-productive. As a basic rule of thumb, the freer the trade the better for everyone.
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So much confident cluelessness in so few characters. Ignoring the fact that her last year listed is 2025 and she is evidently from the future, literally any economist -- Keynsian OR Austrian -- would stare in disgust at anyone who thought they could reduce the Great Depression to one cause. Just in the US there's a bundle of them, including the fact that we had some private-public bastardization of a company (the "Federal" "Reserve") starting to monkey with the money supply. I figure there's a reason the first 'depression' happened in the post-Fed age.
Well, we don't know the *lasting* effects of the US tariffs yet - but they do seem to be having a negative effect on the your economy. Plus they're annoying the rest of the world which is acting accordingly. If one country is restricting trade with you and another one isn't, guess where trade naturally moves - if it can?
Sure they're still arguing over what caused The Great Depression. Its certainly not a single factor or event. What gets significant agreement is that global tariffs, and the subsequent restriction/slowdown in world trade, both made it deeper & longer that it 'needed' to be.
Generally speaking tariffs are a *really* stupid way to regulate trade policy. In certain circumstances and for short periods they can be useful - the protection of a emerging industry for example - but generally speaking they're more often than not counter-productive. As a basic rule of thumb, the freer the trade the better for everyone.
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