They’re taking our money! Therefore we’re going to slap some tariffs on them!

 

In this episode, I philosophize on tariffs with Austrian economist Tom Dickens. Basically, the recent news about Trump instituting steel and aluminum duties on China brings up a lot of questions concerning economic protectionism. As a result, we take the opportunity to take a step back and think about the subject from a non-partisan perspective.

 

Key Points in the Podcast:

-The concept of tariffs and what they’re used for

-How trade restrictions are a net negative to the global economy

-Thought exercises on import/export fees

-Ineffectiveness of market intervention

-Defining economic prosperity

-The U.S. national debt “joke”

-How import/export fees play into geopolitics

 

Lastly, you can subscribe to The Post Money Plan podcast here.