Smoot-Hawley is a smokescreen.

Jesus Christ don't you think I know what it was and what it did? It is a ruse used to justify an insane economic theory that says that a country need not produce what it consumes, that it need not worry about trade and budget deficits.

A credit and speculation bubble just like the one you see bursting around you right now is what caused the Great Depression. Not some ineffectual and insignificant import tax.

Do you really think a small import tax resulted in halving the size of the economy and crashing the stock market? Seriously? Think about it man. :p

Will

Smellin' a lot of 'if' coming off this plan.