The Commentary Magazine Podcast Well, He Did It
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Apr 3, 2025 A deep dive into the recent shifts in U.S. tariff policies and their implications sparks a lively discussion. The hosts dissect the balance between tariffs and immigration on the economy, weighing immediate costs against potential benefits. Unpredictable stock market reactions following major investments provide a backdrop for ethical consumerism debates. The conversation critiques historical economic policies while exploring the evolving landscape of global trade and its effects on domestic manufacturing. They also reflect on the legacy of supply-side economics and its modern relevance.
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Paradigm Shift in Trade Policy
- The shift in trade policy deviates from economic norms, coming from the political right.
- This raises constitutional concerns regarding presidential authority over taxes.
A Rubicon Crossed
- Trump's unilateral tariffs mark a significant shift in the global economic landscape.
- This raises concerns about long-term consequences and the potential for a new economic paradigm.
The Cost of Cheap Goods
- Lower prices disproportionately benefit the working class.
- Policies that raise prices without increasing real wages ultimately harm the working class.
