Not to startle too many people, but this is both scary and makes a good point http://online.wsj.com/article/SB10001424052748704116004575521822940983434.html
sorry dude, Smoot Hawley as a boogeyman is a half truth. At the time, the US was an exporter of goods, at the time Smoot Hawley affected less than 1% of the economy. On the other hand, when Reagan slapped quotas on imports in the 80's those industries, Steel, Motorcycles, even Autos, prospered.
This is what I remember about Smoot Hawley. I know you do too. [ame="http://www.youtube.com/watch?v=dxPVyieptwA"]YouTube - Boring Economics Teacher[/ame]
