US EditionA Short History of Tariffs - A Wealth of Common Sense
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A Short History of Tariffs - A Wealth of Common Sense
Widespread tariffs are a bad idea. How do I know this? History shows they don’t work. Let’s look back. JP Morgan’s Michael Cembalest wrote about President McKinley’s disastrous tariffs in the late-1800s: President William McKinley tariffs were very popular at the time they were enacted, but they caused an almost immediate inflation spike. Voters were very unhappy: a few months later, the GOP lost 1...
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