In Roman times, tariffs often proved to bring more harm than benefit—what lessons might this hold for today? Don’t miss it!
The authors highlight the danger of concentrated private interests capturing our political system and the urgent need to restrain or restrict such power take-overs.
Join us for this gripping exploration of presidential overreach. By understanding the past, we can better safeguard our democracy and ensure that future leaders respect the boundaries of their power.
The hosts also touch on the new tariffs imposed by Trump on Canada and Mexico, and report on the tragic stabbing of a Singaporean student in Brussels, the motives for which remain unknown.
Doug Irwin’s insights make it clear that “tariffs are rarely the best option. Economists have found that tariffs often have unintended consequences, can provoke retaliation from other countries, and are not an effective policy tool for achieving the goals we Americans aspire to.”
The Peterson Institute for International Economics concluded that Trump’s main tariff proposals would reduce the US economy by more than a percentage point by 2026 and increase inflation by 2% next year.
The issue with tariffs is that nations impacted by our import taxes may retaliate by increasing their tariffs to protect their domestic goods and products.
They also examine the recent U.S. presidential election and the diverse reactions from world leaders regarding Donald Trump’s re-election, along with its potential impact on the global economy and political systems.”
Ms. Cauldwell highlighted the paradox of the US’s wealth, where excess food is destroyed or left to rot in fields while farmers are paid by
the government, resulting in greed, money, and power.
Why is it so important for us to know? What happens to our economy if the index is too high or too low? Do numbers matter?