Bob analyzes President Trump's recent remarks praising the revenue capacity of tariffs. He shows that historically, tariffs only bought in a small fraction of what income taxes currently yield, meaning federal spending would have to be sharply cut in order to phase out the income tax.

HAPod Ep. 458 on Tariffs vs. Income Taxes: Mises.org/HAP485a
Brian Domitrovic's Forbes Article, "Supply-Siders Battle Their Tariff Critics": Mises.org/HAP485b
Trump on Tariffs: Mises.org/HAP485c
The Chart Shown in this Episode: Mises.org/HAP485d

Use code Action25 to get 10% off your ticket to Educating for Liberty Mises Circle in Tampa on February 22: Mises.org/Tampa25

The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree

Glut: Aaron Judge Returns; Yankee Panic or Patience; Best Team in the American League; Thin 2026 HOF Class