Judging Freedom Prof. Jeffrey Sachs: A Lonely Netanyahu in DC.
Feb 3, 2025
Jeffrey Sachs, a renowned professor specializing in geopolitical analysis of the Middle East, discusses Prime Minister Netanyahu's challenges during his visit to Washington. He dives into the economic impacts of trade deficits and tariffs, arguing that addressing budget deficits is more effective. Sachs critiques U.S. foreign aid strategies amidst the Israel-Hamas conflict, advocating for transparency and a two-state solution. He also examines the shifting power dynamics between the presidency and Congress, highlighting the decline of public trust in legislative responsibilities.
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Tariffs and Trade Deficits
- Tariffs disrupt the gains from trade by increasing costs and closing economies.
- The US trade deficit stems from spending more than national income, not unfair trade practices.
Unilateral Tariffs and Democracy
- US democracy has weakened, with unilateral presidential decisions on tariffs, resembling King George III’s actions.
- This contradicts the principle of "no taxation without representation" from the Revolutionary War.
Opacity of Ukraine Aid
- The Biden administration's aid to Ukraine lacks transparency, with uncertainty surrounding its flow and usage.
- Even Zelensky admitted that most of the aid money never arrived.