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Friday, June 15, 2018

RE TRUMP TARIFFS

These must sound like good measures to put Americans back on the road to full employment.

Right?

Wrong. Tariffs at this very late point, by themselves, will do no real good. Unfortunately. What one really needed long ago was an industrial policy.

Now, one needs a full scale redevelopmental program on a scale as I have mentioned before of the Marshall Plan.

Nothing like that is going to happen.

If we get into a war, we will have to surrender because of lack of critical items we no longer make or can buy in wartime.

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