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Governments love to tell you tariffs are about “protection”. But protection from what? More affordable goods? A higher quality of life? In today’s podcast, we dig into the many, many unforeseen consequences of the new tariff policies. For example: Examples from countries where I’ve lived which have heavy tariffs and
Tomorrow is being billed as Liberation Day— where tariffs will supposedly free America from those pesky, parasitic foreign markets. But what’s actually going to happen? This is the subject of today’s podcast. We discuss: How odd it is that no Liberation Day details have leaked… which makes us wonder if
On June 8, 1974, President Richard Nixon dispatched Treasury Secretary William Simon and his deputy to Saudi Arabia in an attempt to strike one of the most critical—and secretive—economic deals in modern history. Three years earlier, in August 1971, Nixon had severed the final link between the US dollar and
A few years ago, I was at a private conference listening to a CEO of a silver mining company explain—quite matter-of-factly—how silver prices were being manipulated. He laid out the whole playbook: how major Wall Street traders would flood the market with short positions in paper silver, drive the price
By the late 1920s, the US economy was booming and had advantages that most of the world did not yet enjoy. Manufacturing in America was extremely competitive due to mass electrification powering factories. Farmers had traded out horses and mules for trucks and tractors. US productivity was surging. Global trade
Even during the darkest moments of the Biden administration—the shameful withdrawal from Afghanistan, 9% inflation, bureaucrats hell-bent on destroying the economy—I still said America’s problems were fixable. But I didn’t see any hope in the previous administration or a prospective Kamala administration to fix things and only expected them to
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