How a complex global trade system has reduced poverty, raised incomes, increased productivity, and lowered prices while a trade war will reverse those trends. In this episode you’ll learn: Why does the U.S. run such a huge trade deficit with China. What has the U.S. tariff rate on imports been historically. How global trade decreased poverty. Why there are both good and bad unintended consequences. How businesses adapt to tariffs. Show Notes The Power Economy by John Oliver … [Read more...]
195: Has A Trade War Begun?
Why duties and other actions are necessary to address trade disputes, but across the board tariffs are a blunt instrument that can lead to a devastating trade war and global recession. In this episode you’ll learn: Show Notes ‘Trade Wars Are Good,’ Trump Tweets - Wall Street Journal Trump’s Tariffs Prompt Global Threats of Retaliation - New York Times The Effect of Imports of Aluminum on the National Security - U.S. Department of Commerce Section 232 Historical … [Read more...]
190: How To Keep Up With Inflation
What investments are best for maintaining purchasing power relative to inflation. Using the pencil as an example, how inflationary and deflationary forces work together over decades to determine the price of product. In this episode you’ll learn: Show Notes The Pencil: A History of Design and Circumstance by Henry Petroski Long-term Inflation Calculator Inside One of America's Last Pencil Factories - The New York Times U.S. pencil business whittled to a nub by imports - … [Read more...]
