In this conversation, the Big John and Mike ter Maat discuss the implications of tax cuts and tariffs on the American economy, emphasizing the negative effects of protectionism. They argue that while tax cuts can be beneficial, tariffs ultimately tax consumers and can lead to significant economic disruptions. The discussion also touches on the political landscape, highlighting the short memory of politicians and the media’s lack of understanding of economic principles.
Full episode here.
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Chapters:
00:00 Opening
00:10 The Economics of Tax Cuts
02:59 The Impact on American Jobs
05:50 The Dangers of Protectionism
09:01 The Political Landscape and Economic Understanding
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