Why is the Trump administration levying tariffs? Are they for tax purposes? Protecting domestic industries? Bargaining chips for international deal making? The administration and its supporters have floated mutually-exclusive reasons for these policies, making the confusion worse.
Why is the Trump administration levying tariffs? Are they for tax purposes? Protecting domestic industries? Bargaining chips for international deal making? The administration and its supporters have floated mutually-exclusive reasons for these policies, making the confusion worse.
Despite Trump‘s campaign promises and despite DOGE‘s so-called reputation of cutting government waste, the new administration is spending money faster than the supposed spendthrift Biden administration. This is Machiavellianism at its best.
Despite Trump‘s campaign promises and despite DOGE‘s so-called reputation of cutting government waste, the new administration is spending money faster than the supposed spendthrift Biden administration. This is Machiavellianism at its best.
Daniel Lacalle joins Bob to tout the BBB as a pro-growth piece of legislation that is as good as libertarians are going to get.
Trump's now-infamous “Big, Beautiful Bill” has become the classic bait-and-switch, in which the president promises fiscal responsibility as a candidate but delivers profligacy when he reaches the White House.
Protectionism really isn‘t a theory of betterment for all but a claim that certain people in certain occupations are special. They must be paid more handsomely than the market—meaning you and me—wishes to pay. It will be big business and big labor who will be the beneficiaries of tariffs.
Modern macroeconomic theory claims that government spending, taxation, and monetary creation is essential for economic growth. Austrian Economists, however, note that government stifles the economy.
While President Trump rails against US trade deficits, he forgets that they are due to the fact that the US dollar is the world‘s reserve currency. This, in turn, encourages deficit spending and a bloated national debt.
Elon Musk has found out the hard way that one can ferret out hundreds of billions of dollars that Congress wastes, but fail in getting its members to stop wasteful spending. Jim Bovard learned that hard lesson 30 years ago.
