Debunking Economics - the podcast Is there a ceiling to economic supremacy?
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Mar 12, 2025 The discussion revolves around Trump's economic strategies, including tariffs and domestic manufacturing initiatives. It questions whether U.S. economic growth could come at the expense of other nations. The podcast examines the impact of protectionism on employment stability and critiques traditional economic theories. Tariffs and their effects on the U.S. dollar are humorously explored, alongside the potential for alternative currencies. Additionally, the complexities of economic supremacy and resource allocation are scrutinized, encouraging listeners to reconsider conventional wisdom.
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Conflicting Economic Goals
- Donald Trump's economic plan involves increasing domestic spending while reducing the deficit.
- These conflicting goals may lead to reduced money creation and decreased spending.
Demand and Inflation
- Conventional economics wrongly predicts rising inflation with increased demand.
- Research shows that firms often experience constant or falling marginal costs, leading to lower prices.
Pricing and Capacity
- Companies often operate below full capacity to accommodate growth and competition.
- They price products based on perceived value and what the market will bear, not on economic principles.