Tariffs were an important source of Federal revenue in the olden days. mbs
\ "Tariffs were, as Schumpeter put it, 'the household remedy' of the Republican Party." -- Charles P. Kindleberger, THE WORLD IN DEPRESSION, 1929-39, University of California Press (1973), p. 133. the footnote is to a book by E.E. Schattschneider, POLITICS, PRESSURES, AND TARIFFS, Prentice-Hall, 1935, pp. 283-4. The point is that in the earlier long period of U.S. rule by the GOPsters (1861-1932, with short periods of DP rule, under Cleveland and Wilson), they regularly raised tariffs. For example, any pro-competitive impact that the anti-trust laws had was undermined by higher import taxes. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
