The Tom Woods Show
Ep. 2577 What Ending the Fed Looks Like
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.
46:27
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Quick takeaways
- The replacement of income tax with tariffs is gaining traction in public discourse, reflecting a shift in economic ideas and policies.
- The decline of mainstream media has allowed alternative voices to flourish, creating opportunities for more critical discussions on government narratives.
Deep dives
Changing Perspectives on Taxation
A significant shift in public discourse around taxation is occurring, particularly regarding the potential replacement of income tax with tariffs. This conversation has gained traction due to changes brought about by the Biden administration and the COVID response, which have opened the Overton window to previously taboo ideas. During his presidency, Trump proposed various exemptions from the income tax, culminating in his suggestion to completely replace it with tariffs on the Joe Rogan show. This marks a departure from past decades when such discussions would have been dismissed, reflecting a growing public willingness to entertain alternative economic ideas.
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