Review: Economics in One Lesson by Henry Hazlitt

In this podcast, the host reviews Henry Hazlitt's 'Economics in One Lesson' and focuses on the discussion of tariffs. They examine the tax burden of tariffs and the elasticity of supply and demand. They also highlight the importance of long-term analysis, the ripple effect in economics, government spending on public works, and the relationship between exports and imports. The podcast explores the impact of tariffs on the nation state and emphasizes the shared burden of taxes.