Publisher's Synopsis
Excerpt from Fiscal Policy After the War
The recent fiscal propaganda, it is important to note, takes two different and indeed incompatible lines. On the one hand there is a demand for a specifically anti-german trade policy, to be carried out either by an absolute veto on imports from Germany or by prohibitive customs duties, leaving Free Trade to subsist as between us and other nations; on the other hand, it is expressly insisted by some that we shall set up a general tariff, in which most-favoured nation treatment is given to our Allies and Dominions, medium treatment to those neutral during the war, and hostile but not prohibitive treatment to all enemy Powers. The tariff programme varies, as we shall see; but that is its broadest outline. The aims of the two main policies are fundamentally different from an economic point of view, yet both alike gain support from the natural disposition to keep at a distance in future the peoples and Powers (for it is not proposed to discriminate between Germany, Turkey, and austria-hungary) which are responsible alike for the general devastation of the World War and the worst atrocities connected with it.
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