In this segment, Bill continues his conversation with Scott Linsicum, Vice President of General Economics at the Cato Institute and visiting lecturer at Duke Law. Together they cover:

• Smarter policy alternatives to tariffs, including full expensing, high-skill immigration, and regulatory reform.
• Why tariffs are politically addictive and create entrenched special interests.
• The dangers of trade wars: easy to start, hard to end.
• Key lessons from history—from Smoot-Hawley to today’s supply chain challenges.
• Why open trade and diverse supplier relationships make economies more resilient, not less.

Scott also explains how protectionism can backfire, using the U.S. baby formula shortage as a cautionary tale. 

Learn more about Scott at Cato.org.

Learn more about Bill at Bernardoni.media and Bernardoni.blog.