Are Trump's tariffs a personal madness, or a response to deeper dysfunctions in the world trade system? Yes. Join Samantha and guest Steven Randy Waldman as we talk about why global trade has become so imbalanced, what kinds of dysfunctions that creates, and why a tax on the flow of capital rather than goods is a policy to work towards.

The takeaway: it's still John Maynard Keynes' world, we're just living in it.

As promised, the book whose name Samantha blanked on in the episode: Robert Allen's *Global Economic History* https://www.amazon.com/Global-Economic-History-Short-Introduction/dp/0199596654