Both models of state-directed capitalism misallocate resources and make the nation poorer.

The tariffs are the steepest since the 1930s. Whether world trade collapses, like it did then, depends on whether other ...

(AP Photo, File) WASHINGTON (AP ... a way to protect American farmers and manufacturers from foreign competition: tariffs. President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as ...

President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned that the levies would prompt retaliatory tariffs from other countries, which is precisely what ...

President Herbert Hoover signed the Smoot-Hawley Tariff Act in ... as they wait for food on New York’s Lower East Side, 1930. (AP Photo, File) The economy began slowing when the Fed raised ...

(Photo by Justin Ford/Getty Images ... and manufacturers from foreign competition: tariffs. President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned ...

President Herbert Hoover signed the Smoot-Hawley Tariff Act in ... for park improvements and repairs, Oct. 9, 1930. (AP Photo, File) Like Trump, Hoover was elected largely because of his business ...

(AP Photo, File) FILE - Thousands of unemployed ... manufacturers from foreign competition: tariffs. President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists ...

The wealthy owners of Staatsburgh, a historic Gilded Age mansion outside New York City, had tickets for the Titanic's second ...