Worried by the US-China Trade War? Probably Not Worried Enough

By Simon Paige on ALTCOIN MAGAZINE

Simon Paige
Dec 10, 2019 · 2 min read

Worried by the US-China trade war? Probably not worried enough. The Smoot-Hawley Tariff Act caused the 1929 Stock Market Crash and Great Depression. (See Nathan Lewis’s excellent chapter on the 1930s in Gold the Once and Future Money.)

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Trade tariffs have historically been a sign of failing economies and of recession or worse to come. There is no reason to believe this time will be different.


The Capital

The Capital (former Altcoin Magazine) is a social financial news aggregator powered by Bitcoin

Simon Paige

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People Creating Value

The Capital

The Capital (former Altcoin Magazine) is a social financial news aggregator powered by Bitcoin

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