The US introduced tariffs in the thirties and it ultimately caused the attack on Pearl Harbour.
The reason why we know it’s a bad idea is history.
Comment on How Will We Know If The Trump Tariffs Were A Good Idea?
yarr@feddit.nl 18 hours agoI don’t think it’s a good idea. I just want to know if the badness of the idea can be quantified. Otherwise there’s the chance that in the future, someone decides to do it again.
starlinguk@lemmy.world 1 hour ago
db2@lemmy.world 18 hours ago
It had been done before, the result was known. Many people spoke up. It made no difference because his goal is to harm others and enrich himself.
Ziggurat@jlai.lu 15 hours ago
Objectively What’s the stated goal (A classic example being green policies which are bad for the economy but good for society) and then compare the results in let’s say one year.
That said, economic have plenty of model whose accuracy go from not worse than rolling a dice to good enough to predict the consequences of policies before implementing them so they can do better
djsoren19@lemmy.blahaj.zone 8 minutes ago
It already happened in the past and had dramatic consequences for trade in the U.S., that being “The Great Depression.”
We already know what happens. It didn’t stop someone from deciding to do it again.