alt Hacker NewsNot only are the poor going to bear the brunt of these tariffs, but this has been tried multiple times before, and failed. As in, catastrophic failure.
"Those who don't learn from history are doomed to repeat it"
People should check out all the tariff insanity before and during the period of The Great Depression. That includes the justifications given.
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scottLobster • 04/04/2025
The older I get the more I appreciate that those proverbs aren't just rhetorical.
I always assumed people would learn from history, because everyone knows that proverb. And yet now as I'm pushing 40 it seems more a warning, people will refuse to learn from history, and they will repeat it. So be as prepared as you can.
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This is HN. Nobody here understands how "plastic crap from China" is what keeps poor people alive.
There are folks who earn $1000 per month who also occasionally want to buy a birthday gift for their nephew. I advise everyone to just occasionally go to a budget store and walk around looking at the customers.