I can’t remember if I posted this already, but in ep. 34 of the LMS, we talk about the general economic prospects of a Trump Administration.
In ep. 73 of Contra Krugman, Tom and I talk about tariffs and the wall. A quick highlight reel:
7:15 I suggest the layout of the show: We first talk about tariffs on Mexican products, whether this would “pay for the wall,” and then the broader GOP tax reform plan (swapping a VAT for income tax).
8:50 Tom discusses the Rothbardian point that businesses can’t simply “pass on” a new tax to its customers. It’s more nuanced than that.
12:30 Along the same lines, I explain that yes, Trump fans are wrong for thinking “Mexico will pay for the wall” because of a tariff. However, Trump critics went too far the other way when they said, “Ha ha, a tax on Mexican imports would just raise prices for Americans.”
20:40 I make my civil libertarian point that a giant wall gives me the heebie jeebies. NOT because all Earthlings possess a “right to immigrate,” but because a necessary condition for a future US police state is a border barrier keeping people in.
25:00 I discuss the Feldstein/Krugman article and how it kinda sorta validates the Navarro/Ross position on income taxes versus VATs, and how the US is at a disadvantage.