The Glenn Show Larry Kotlikoff – Can the US Survive Tariff Turmoil?
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Apr 11, 2025 
Laurence Kotlikoff, a prominent economist and professor at Boston University, dives deep into the economic turmoil caused by Trump's tariffs. He discusses the alarming implications these policies have on consumers and global relations. Kotlikoff suggests these tariffs may serve as a tool to combat national debt and critiques the social security system, proposing reforms for its sustainability. He also explores investment strategies to protect against market volatility amidst these uncertainties, offering a hopeful perspective on potential silver linings for the economy.
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Tariff Turmoil
- Trump's tariffs are alarming economists due to their potential for economic disaster.
- These tariffs are unprecedentedly high, potentially leading to market crashes and inflation.
Tariffs and Tax Cuts
- Trump's tariffs aim to generate revenue to offset the costs of the Tax Cuts and Jobs Act of 2017.
- The tariffs are presented as a move towards reindustrialization, but their true purpose is to fund tax cuts.
Break with Johnson
- Larry Kotlikoff broke ties with Senator Ron Johnson over inappropriate provisions in the Tax Cuts and Jobs Act.
- Johnson allegedly held out on signing the bill until it included provisions beneficial to his company.