Phil Magness, an economic historian known for his expertise in American economic history, joins the discussion about tariffs in U.S. politics. They dive into how tariffs have evolved from Hamilton and Jefferson's contentious debates to modern implications, particularly during Trump's administration. The conversation reveals how tariffs can act as both economic strategies and political weapons, examining their historical significance and the potential consequences for future trade relations, especially with China.

Economic historian Phil Magness critiques proposals to tax unrealized income, debunking revenue predictions. Topics include billionaire tax, challenges of taxing unrealized gains, implications of wealth tax, inflated net worth claims, and wealth inequality narratives.

Economic historian Phil Magness joins Kate Wand to discuss the proliferation of Critical Race Theory (CRT) in academia and the mainstream, its connection to the far-left's response to the Israeli-Palestinian conflict, the dangers of embracing divisive rhetoric, the infiltration of CRT in education, the academic meaning of decolonization, the dangers of social justice, and the reaction from the far left and academic institutions, including silver linings and increased scrutiny of donations.