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2025-01-04 10:36:00 UTC - SOMEWHAT_HELPFUL

Rated by Participant: 9010819EEC5E29C6653469D7C7D3DB940C56D227DEC9AB32CE89B6B0F6243169
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Original Note:

The “evidence” used in the WH paper cited in the CN looks at effects of tariff increases from 1963-2014. The graph in OP starts in 1798. By 1963 tariffs are already insignificant. Also, it only looks at “medium term” effects of INCREASES, without considering normalization. https://www.nber.org/papers/w25402

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