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Burton Abrams: As Bad As Affordable Care Act Is, Hawley-Smoot Tariff Act Was Worse
Tuesday marks the anniversary of one of the most destructive pieces of legislation in U.S. history: the Hawley-Smoot Tariff Act of 1930, which triggered a disastrous trade war, intensified the Great Depression and helped set the stage for World War II.
Unfortunately, as the Affordable Care Act and Dodd-Frank Wall Street Reform and Consumer Protection Act demonstrate, Washington continues its long-held tradition of passing ill-conceived legislation.
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Posted: June 13, 2014 Friday 05:36 PM