“ Unfortunately, new generations often learn only by repeating the mistakes of earlier ones. The generation that suffered under the Smoot-Hawley tariffs and the Great Depression is almost entirely gone, leaving new history-challenged voters to be seduced by overly simplistic calls to “stop exporting jobs abroad” and “produce everything we need right here in America.” The sliver of encouraging news is that today’s voters are finally learning from its own experience, as a new Gallup Poll shows that support for international trade — which was 40% in 2007 and 61% last year — has leaped to 81% this year. And that is before the latest painful tariffs are implemented. ”
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