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El Niño Speaks 57: The Real Abraham Lincoln

El Niño Speaks

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Lincoln's Economic Revolution Was a Good Idea

Lincoln was a wig politician, WHIG, the old wig party for 25 years before he became a Republican. His wing of the wig party were what today we would call crony capitalists. They wanted high protectionist tariffs to isolate Northern manufacturers from competition. The average tariff rate went from 15%, 1%, 5%, to over 50% by the time Lincoln left office.

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