

The Tariff Week From Hell. Plus, the Bluesky CEO Reimagines Social Media.
24 snips Apr 12, 2025
Douglas Rushkoff, a Professor of digital economics and author of 'Survival of the Richest,' dives into the wild world of tech billionaires' survival fantasies and their implications for society. Meanwhile, Jay Graber, CEO of Bluesky, shares her vision for a decentralized social platform that champions user autonomy over traditional profit models. The discussion highlights the tumultuous effects of presidential tariffs on the economy and examines the evolving social media landscape in the wake of major shifts like Musk's Twitter acquisition.
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Fake News Impact
- A fake news story about a 90-day tariff pause caused a 2,600-point Dow swing.
- The White House quickly corrected the misinformation, labeling it "fake news."
Tariff Theory Flaws
- Trump's tariff strategy assumes higher import costs will bring manufacturing jobs back.
- This ignores technological advancements, potential recession impacts, and harm to consumers.
Tariff Math Confusion
- The administration's tariff calculation method, revealed on "Liberation Day," was confusing.
- Economists questioned the formula's logic and basis in economic principles.