• saltesc@lemmy.world
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    2 months ago

    I’m not American, but the Great Depression and 1932 was taught in school as it was that historically significant as the biggest low-point in modern western economics.

    • HeyThisIsntTheYMCA@lemmy.world
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      2 months ago

      I’ve got a degree in american economic history and studied the 1930s depressions. hoo boy the tariffs caused the second dip

  • ChickenLadyLovesLife@lemmy.world
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    2 months ago

    There’s a new batch of Trump signs that have appeared in the last couple of weeks which I call the “TRUMP GOOD / KAMALA BAD” signs. They are targeted at the unimaginably simple, with stuff like “TRUMP LOW TAXES / KAMALA HIGH TAXES” and “TRUMP SECURE BORDER / KAMALA OPEN BORDER”. My favorite is the one that says “TRUMP LOW PRICES / KAMALA HIGH PRICES” which counts on the total ignorance of basic economics on the part of Trumpers - tariffs raise prices.

    These signs are almost as amusing as the “TRUMP: UNIFYING THE COUNTRY” billboards. I don’t know who the fuck those are aimed at.

  • Pacattack57@lemmy.world
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    1 month ago

    Tariffs worked during the Great Depression because American businesses actually had infrastructure here to create jobs. Now a tariff only increases costs because all factories are over seas. A billion dollar company isn’t gonna make new jobs here, they’ll just pass the bill to the consumer.