The Morgan Housel Podcast
My Thoughts on Tariffs, Economic History, and the Market Decline
Apr 8, 2025
This discussion highlights the negative effects of tariffs on the economy, urging a focus on trade specialization. The speaker compares U.S. strengths in entrepreneurship and high-end manufacturing with international mass production, using the iPhone as a prime example. Automation's impact on the job market is also examined, tracing its roots to post-World War II manufacturing. Lastly, the conversation tackles the current economic uncertainty, promoting a calm, long-term investment approach amid market fluctuations.
28:42
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Quick takeaways
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- Tariffs detrimentally impact economic health by raising consumer prices and disrupting market efficiency, illustrating their long-term negative consequences.
Deep dives
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