The Tom Woods Show Ep. 2577 What Ending the Fed Looks Like
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Dec 5, 2024 Peter St. Onge, a visiting scholar at the Heritage Foundation, delves into provocative topics like the debate over income taxes versus tariffs and the potential impact of DOGE. He discusses the transformative shifts in political discourse post-election, the rise of alternative media, and critiques on mainstream networks. St. Onge outlines what abolishing the Federal Reserve could entail, exploring new monetary systems and the implications of crypto stablecoins. He emphasizes the pressing need for public education on regulations and government transparency.
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Shifting Overton Window
- The Overton window has expanded, making voters more open to radical ideas like ending the Fed or income tax.
- This shift is attributed to the Biden administration and COVID response, which pushed extreme policies and opened the door for alternative discussions.
Tariffs vs. Income Tax
- Replacing income tax with tariffs is a net positive, as tariffs are less economically damaging.
- However, tariffs themselves are still destructive and a sales tax disproportionately affecting foreign entities.
Trump on Joe Rogan
- Trump's appearance on the Joe Rogan show, where he discussed replacing income tax with tariffs, was significant due to Rogan's large audience.
- This highlights the declining influence of mainstream media and the rise of alternative platforms.