tag:blogger.com,1999:blog-13378665.post2577033851480678060..comments2024-03-01T16:32:41.076+08:00Comments on Sun Bin: Economists Against Protectionism - WSJ.comSun Binhttp://www.blogger.com/profile/08093210384069958083noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-13378665.post-87352824880557676642007-08-16T10:07:00.000+09:002007-08-16T10:07:00.000+09:00Protectionism is dangerous but it isn't that dange...Protectionism is dangerous but it isn't that dangerous.<BR/><BR/>It is certainly not the opinion of most economists that the Smoot-Hawley Tariff caused the great depression. <BR/><BR/>It is more commonly believed that the depression was caused by a business cycle downturn coupled with contractionary policies by the Federal Reserve.<BR/><BR/>That being said, risking a trade war with China, for no good reason is neither good economics nor good politics.otishttps://www.blogger.com/profile/12726892402146197207noreply@blogger.com