Wednesday, September 2, 2015
RE TRADING AMERICAN INTERESTS
Power And Plenty, p 455 has a nice passage reprising how the US moved toward free trade already in 1930, and the Presidency, fatefully, took over trade from Congress, The U.S. Reciprocal Trade Agreements Act, 1934. It happened under FDR.
Of course, Congress was no place to lodge responsibility for anything requiring long term leadership, such as trade or industrial policy.
But then, neither was the Presidency.
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