Richard Stern

Richard Stern, Acting Director at The Heritage Foundation, dives into the intricate nature of wealth, transcending material definitions. He discusses why government ownership in corporations is misguided and the potential dangers of government investments, using recent initiatives as case studies. The conversation also critiques tariffs, revealing their hidden costs on small businesses and the economy. Additionally, Stern addresses inflation as a subtle tax that impacts purchasing power, urging listeners to reconsider wealth's societal implications.