“That bump at the left of the chart is the infamous Smoot-Hawley tariff. So if the reality is anything like this, it will be a much bigger shock to the economy than Smoot-Hawley, especially because imports as a share of the economy are three times what they were in the 1920s:”
https://open.substack.com/pub/paulkrugman/p/stop-looking-for-methods-in-the-madness?r=dwp16&utm_campaign=post&utm_medium=email
Krystyna
npub1y7…mpas0
2025-04-02 11:30:13 UTC
Author Public Key
npub1y7j2dps0ptyyx4nu6q03fq98ql0zp0q9tf789u9qwupsx63sr2pqumpas0Seen on
wss://relay.momostr.pinkPublished at
2025-04-02 11:30:13 UTCEvent JSON
{
"id": "dccfe3fb7e133ce268771941204997c7971501045db89f0f1f73ecf77079422e",
"pubkey": "27a4a6860f0ac843567cd01f1480a707de20bc055a7c72f0a07703036a301a82",
"created_at": 1743593413,
"kind": 1,
"tags": [
[
"proxy",
"https://toad.social/@krystyna/114268137937877770",
"web"
],
[
"proxy",
"https://toad.social/users/krystyna/statuses/114268137937877770",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://toad.social/users/krystyna/statuses/114268137937877770",
"pink.momostr"
],
[
"-"
]
],
"content": "“That bump at the left of the chart is the infamous Smoot-Hawley tariff. So if the reality is anything like this, it will be a much bigger shock to the economy than Smoot-Hawley, especially because imports as a share of the economy are three times what they were in the 1920s:”\n\nhttps://open.substack.com/pub/paulkrugman/p/stop-looking-for-methods-in-the-madness?r=dwp16\u0026utm_campaign=post\u0026utm_medium=email",
"sig": "a6d7ac12c4390e1a6487eac54b69f20714b3fcfb71787478af40ee804273387e22da88aa2647a380e9b7b17f3b4d03c93cbf0569c9e340a04311b4b104783ca2"
}