"Look, in a classic sense, Trump's not a conservative, folks. You don't promise to raise tariffs on the ChiComs 25%. That's not conservative. (interruption) People understand this, Snerdley. You remember when George W. Bush threatened to raise tariffs on imported steel, there was an outcry. No, you don't raise taxes, period. That's not the way to deal with it. That's protectionism. Smoot-Hawley. It's a death wish. This is why I'm always worried about populism. Populism is not conservatism."
-- Rush Limbaugh, 27 April 2011 (here)
"Tariffs were the largest source of federal revenue from the 1790s to the eve of World War I, until it was surpassed by income taxes."
-- "Tariffs in United States History" (here)
"The magnitude of the tariff shock in the Smoot-Hawley legislation . . . was simply not large enough to trigger the kind of economic contraction experienced after 1930."
-- Douglas A. Irwin (quoted here)
The baneful influence of doctrinaire libertarianism on conservatism continues . . . in the voice of Rush Limbaugh.
