HIGHER TARIFFS BILL
MEMORIAL FROM ECONOMISTS. By Telegraph—Press Assn — Copyright. Rec. 7.5 p.m. New York, May 4. A total of 1028 prominent economists, who are members of the American Economic Association and representatives of 179 colleges in 46 States, issued a statement urging Congress to reject the increased tariffs and Mr. Hoover to veto them if Congress passes them. “We are convinced,” they state, “that increased restrictive duties are a mistake. They would operate generally, to increase prices, thereby encouraging concerns with higher costs to undertake production, thus compelling the consumer to subsidise waste and inefficiency in industry.” It is stated that farmers would suffer doubly and export trade in general would suffer. American manufacturers do not need higher tariffs and few could hope to gain from such a change.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19300506.2.96
Bibliographic details
Taranaki Daily News, 6 May 1930, Page 9
Word Count
130HIGHER TARIFFS BILL Taranaki Daily News, 6 May 1930, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.