Tariffs & Other Fantasies
The David McWilliams Podcast
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The Mirage of Economic Expertise
This chapter critiques the economic policies of wealthy individuals who lack a genuine understanding of economics, despite their financial success. It explores the perils of protectionism and monopolistic practices, highlighting the negative effects of tariffs on the U.S. economy and multinational corporations like Apple. The discussion also emphasizes the complexities of trade relations, particularly between the U.S., Ireland, and the UK, and examines how individual savings can hinder broader economic growth.
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