05.10.2020 Views

When This Blows Over

The Founding Fathers share an unsafe space with a large crowd of passionate and hysterical keyboard warriors. * "Skate Around" & "Zoom" > click page, look down ** "Full Screen" & "Page Overview" > click page, look up

The Founding Fathers share an unsafe space with a large crowd of passionate and hysterical keyboard warriors.

* "Skate Around" & "Zoom" > click page, look down
** "Full Screen" & "Page Overview" > click page, look up

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Micha to Severn • 8 days ago

Counter-example to your claim: Adam Smith.

Severn to Micha_Elyi • 8 days ago

Counter-example to your claim. The American

Founding fathers. And Adam Smith bore zero

resemblance to contemporary "free traders", who

would have seemed incomprehensible to him.

richard40 to Severn • 7 days ago

The founders could be mercantilist only because they found

trading partners who were not, otherwise they would have had

no trade at all. Mercantilist trade is parasitic on the nonmercantilist

partner - not very honest or sustainable. Even as it

is, mercantilism was definitely not good for the agricultural

exporting south, and that harm ended up being one of the causes

of the Civil War. But once we became a great industrial power,

mercantilism was no longer beneficial for our manufacturing

exports, and again it failed totally with Smoot Hawley*, being a

major cause of the great depression.

* 1930 Tariff Act derided by economic historians

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