Unlike the US, Canada (at least on paper) recognizes a legal right to secession. Alberta gov’t now says it may vote on secession next year. 

One of Trump’s more bizarre claims recently is that gasoline now costs less than $2 per gallon. As every casual observer knows, the price is closer to $3. 

 The government loads $328 billion of your tax care money on the EBT cards for SNAP recipients, and they go into the stores and they buy Coca Cola products, Frito Lay products, Pepsi products. 

India claims it is attacking “terrorist infrastructure.” Both countries have nuclear weapons. 

President of the Mises Institute Tom DiLorenzo joins Saifedean Ammous on The Bitcoin Standard Podcast to discuss his work on US history and economics, and the increasing influence of the Mises Institute and Austrian school economics.

Listen here: https://saifedean.com/podcast/272-mises-institutes-tom-dilorenzo

In the wake of the Trumpian tariffs, any number of fallacies in economic theory have resurfaced to justify and advance Trump’s agenda. Most are more egregious than optimal tariffs, but this particular fallacy needs especially to be exposed. Not primarily because it has been used by some defenders of Trump, but because it is a mainstay of modern economics, and as such exposes a weakness in mainstream defenses of free trade.

Since he was a young up-and-coming property magnate in New York City, Donald Trump has been fixated on what he believes to be foreigners’ “cheating” on international trading terms to the detriment of the US. He believes—along with many Americans—that foreigners have stolen all our good, high-paying jobs by manipulating their own currencies, subsidizing their home industries, and erecting protective trade barriers—in the form of tariffs and quotas—that make American goods uncompetitive.