Tag Archives: Smoot-Hawley

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Cumberland Advisors Market Commentary – Does Trump-Navarro Equal Smoot-Hawley?

Author: David R. Kotok, Post Date: August 23, 2019
Market Commentary - Cumberland Advisors - Global Trade

George Santayana said “Those who cannot remember the past are condemned to repeat it.” In an article titled “The Smoot-Hawley Tariff and the Great Depression,” authors Theodore Phalan, Deema Yazigi, and Thomas Rustici assess the role the Smoot-Hawley Tariff Act played in the Great Depression: “In 1930, a large majority of economists believed the Smoot-Hawley […]