Economists Invoke Great Depression in Warning to Trump on Trade
Bloomberg
To some of the biggest voices in U.S. economics, it could be 1930 all over again. More than 1,100 economists, including Nobel laureates and former presidential advisers, have signed a letter warning Donald Trump about his tariff-heavy approach to trade. Many of its passages quote directly from another letter sent in 1930, cautioning against protectionist measures the U.S. imposed at the start of what became the Great Depression. “Congress did not take economists’ advice in 1930, and Americans across the country paid the price,” the economists say in the letter, due for release Thursday. “Much has changed since 1930 -- for example, trade is now significantly more important to our economy -- but
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