Podcasts about Cato Institute

Analyzing the Dave Smith / Alex Nowrasteh Debate on Immigration – with Sheldon RichmanIn this episode of The Rational Egoist, Michael Liebowitz is joined by Sheldon Richman to analyze and unpack the high-profile immigration debate between libertarian comedian Dave Smith and immigration policy expert Alex Nowrasteh. Richman—executive editor at The Libertarian Institute and former senior editor at both the Cato Institute and the Institute for Humane Studies—offers his seasoned perspective on the philosophical and policy-oriented arguments made on both sides. They explore the economic, ethical, and practical dimensions of immigration policy and discuss what was missed or misunderstood in the debate.Richman is also the author of Coming to Palestine and What Social Animals Owe to Each Other, and has long been a leading voice on liberty, peace, and individual rights.Michael Leibowitz, host of The Rational Egoist podcast, is a philosopher and political activist who draws inspiration from Ayn Rand's philosophy, advocating for reason, rational self-interest, and individualism. His journey from a 25-year prison sentence to a prominent voice in the libertarian and Objectivist communities highlights the transformative impact of embracing these principles. Leibowitz actively participates in political debates and produces content aimed at promoting individual rights and freedoms. He is the co-author of “Down the Rabbit Hole: How the Culture of Correction Encourages Crime” and “View from a Cage: From Convict to Crusader for Liberty,” which explore societal issues and his personal evolution through Rand's teachings.Explore his work and journey further through his books:“Down the Rabbit Hole”: https://www.amazon.com.au/Down-Rabbit-Hole-Corrections-Encourages/dp/197448064X“View from a Cage”: https://books2read.com/u/4jN6xj join our Ayn Rand Adelaide Meetups here for some seriously social discussions on Freedom https://www.meetup.com/adelaide-ayn-rand-meetup/

Andrew Day and Curt Mills talk to Jon Hoffman of the Cato Institute about the escalating Gaza war, the reported Trump-Netanyahu "rift," Steve Witkoff's "red line" for Iran, and the state of Russia-Ukraine diplomacy. Recorded May 21, 2025.

Thank you so much for listening to the Bob Harden Show, celebrating nearly 14 years broadcasting on the internet. On Wednesday's show, we discuss Supreme Court decisions on economic liberties with Cato Institute Chairman Emeritus Bob Levy. Professor and author Andrew Joppa and I discuss a variety of topics including the implementation of the “golden dome,” the legitimacy of “SALT” federal tax deduction, and the defiance of the “political elite” to obeying Federal laws. Please join us on Thursday's show. We'll visit with Director the Florida Citizens Alliance Ryan Kennedy, Cato Institute's Michael Cannon, Vice President of Landmark Legal Foundation Michael O'Neill, and former Mayor of Naples Bill Barnett. Access this or past shows at your convenience on my web site, social media platforms or podcast platforms.

For the ad-free and full version of this episode, subscribe to Politicology+ at https://politicology.com/plus In this episode, Ron talks to Nick Anthony (Policy Analyst at the Cato Institute and a Fellow at the Human Rights Foundation) about Central Bank Digital Curriences, their potential to invade privacy, alter the dynamics of financial control, how governments are trying to justify them, and why those arguments are insufficient. They discuss: (04:16) Intro to CBDCs (07:58) How CBDCs would give unprecedented control over how you can spend money  (12:15) The Arguments for and against CBDCs (19:53)The hidden assumptions behind CBDC arguments  (24:50) The real world privacy implications of CBDCs (33:05) CBDCs around the globe  (36:21) The political dynamics in the U.S.  (47:47) Bitcoin vs CBDCs Check out the HRF's CBDC Tracker: https://bit.ly/3WtFb3g Follow Ron and Nick on Twitter: https://twitter.com/RonSteslow https://x.com/EconWithNick Email your questions to podcast@politicology.com or leave us a voicemail at ‪(202) 455-4558‬  Learn more about your ad choices. Visit megaphone.fm/adchoices

Join us on Madison's Notes as we sit down with George Selgin, senior fellow and director emeritus of the Cato Institute's Center for Monetary and Financial Alternatives and professor emeritus of economics at the University of Georgia. In this insightful conversation, Selgin unpacks the myths and realities of FDR's New Deal through the lens of his book, False Dawn: The New Deal and the Promise of Recovery, 1933–1947 (University of Chicago Press, 2025). While the New Deal is often celebrated as a bold and successful response to the Great Depression, Selgin argues that many of its policies actually prolonged economic suffering—with unemployment remaining staggeringly high years later. Drawing on extensive historical and economic analysis, he separates the New Deal's successes from its failures, examines the distinct roles of fiscal and monetary policy, and reveals the overlooked factor that truly ended the Great Depression (hint: it wasn't just WWII). This episode challenges conventional narratives and offers crucial lessons for navigating future economic crises. Tune in for a nuanced discussion on why we must assess policy decisions carefully—learning from the past to build a more resilient future. Madison's Notes is the podcast of Princeton University's James Madison Program in American Ideals and Institutions. Contributions to and/or sponsorship of any speaker does not constitute departmental or institutional endorsement of the specific program, speakers or views presented. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy

Negar Mortazavi joins a panel discussion on US-Iran nuclear talks, the dynamics in Tehran and Washington, and the role of Israel and Arab states. The panel was hosted at Cato Institute in Washington with Jon Hoffman, Greg Brew and Danny Citrinowicz. (Episode 132)

Join us on Madison's Notes as we sit down with George Selgin, senior fellow and director emeritus of the Cato Institute's Center for Monetary and Financial Alternatives and professor emeritus of economics at the University of Georgia. In this insightful conversation, Selgin unpacks the myths and realities of FDR's New Deal through the lens of his book, False […]

Join us on Madison's Notes as we sit down with George Selgin, senior fellow and director emeritus of the Cato Institute's Center for Monetary and Financial Alternatives and professor emeritus of economics at the University of Georgia. In this insightful conversation, Selgin unpacks the myths and realities of FDR's New Deal through the lens of his book, False Dawn: The New Deal and the Promise of Recovery, 1933–1947 (University of Chicago Press, 2025). While the New Deal is often celebrated as a bold and successful response to the Great Depression, Selgin argues that many of its policies actually prolonged economic suffering—with unemployment remaining staggeringly high years later. Drawing on extensive historical and economic analysis, he separates the New Deal's successes from its failures, examines the distinct roles of fiscal and monetary policy, and reveals the overlooked factor that truly ended the Great Depression (hint: it wasn't just WWII). This episode challenges conventional narratives and offers crucial lessons for navigating future economic crises. Tune in for a nuanced discussion on why we must assess policy decisions carefully—learning from the past to build a more resilient future. Madison's Notes is the podcast of Princeton University's James Madison Program in American Ideals and Institutions. Contributions to and/or sponsorship of any speaker does not constitute departmental or institutional endorsement of the specific program, speakers or views presented. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Thank you so much for listening to the Bob Harden Show, celebrating nearly 14 years broadcasting on the internet. On Wednesday's show, we discuss Supreme Court decisions on civil asset forfeitures and eminent domain with Cato Institute Chairman Emeritus Bob Levy. Professor and author Andrew Joppa and I discuss a variety of topics including the defiance of elected officials to obeying Federal laws, the President's visit to the Middle East, trade issues with China, and proposed price controls for medicines. Please join us on Thursday's show. We'll visit with Co-Founder of the Florida Citizens Alliance Pastor Rick Stevens, Cato Institute's Michael Cannon, Vice President of Landmark Legal Foundation Michael O'Neill, and former Mayor of Naples Bill Barnett. Access this or past shows at your convenience on my web site, social media platforms or podcast platforms.

China and the United States should return to a path of dialogue and win-win cooperation and shoulder their shared responsibility as major powers to serve as anchors for global peace and prosperity, Chinese officials and international experts said on Tuesday.中国官员和国际专家周二表示，中美两国应重回对话合作、合作共赢之路，共同承担大国责任，成为世界和平与繁荣的稳定器。Liu Jianchao, head of the International Department of the Communist Party of China Central Committee, said the world is closely watching China-US relations because of their significance to each other and to humanity at large.中共中央对外联络部部长刘建超表示，中美关系对彼此乃至全人类都至关重要，世界各国都密切关注。"It is our consistent view that China and the US must live in peace. Conflict and confrontation are not our options," Liu said at the opening ceremony of the Fourth Wanshou Dialogue on Global Security in Beijing. "We hope that the US side will join us in pursuing dialogue, partnership and win-win cooperation instead of confrontation, alliances and zero-sum games."刘建超在北京举行的第四届万寿国际安全研讨会开幕式上表示：“我们始终认为，中美必须和平相处，冲突对抗不是我们的选择。我们希望美方与我们一道，致力于对话、伙伴关系、合作共赢，而不是对抗、结盟和零和博弈。”The two-day forum, themed "Universal Security in a Turbulent World: The Responsibility of Major Countries", brought together officials, scholars and experts from across the globe to explore how the international community can reduce tensions and conflictsand build a more peaceful and prosperous world.�为期两天的论坛主题为“动荡世界中的普遍安全：大国的责任”，来自世界各地的官员、学者和专家齐聚一堂，共同探讨国际社会如何减少紧张与冲突，建设一个更加和平与繁荣的世界。Liu's remarks followed a high-level China-US economic and trade meeting concluded on Sunday in Geneva, Switzerland, which he said produced some positive outcomes.刘建超是在周日于瑞士日内瓦结束的中美经贸高级别会谈之后发表上述讲话的。他表示，此次会谈取得了一些积极成果。"We hope that the United States will build on this meeting, continue to work with China in the same direction, fully rectify its wrong practice of unilateral tariff hikes, keep strengthening mutually beneficial cooperation, uphold the sound, stable and sustainable development of China-US economic and trade relations, and jointly inject more certainty and stability into the world economy," he said.“我们希望美方在此次会议基础上，继续与中方相向而行，彻底纠正单边加征关税的错误做法，不断加强互利合作，维护中美经贸关系健康、稳定、可持续发展，共同为世界经济注入更多确定性和稳定性。”Liu also reiterated China's commitment to being a constructive force for peace, stability and progress, and said the country will continue to promote open and inclusive economic globalization and pursue common development for all countries.刘建超还重申，中国致力于做和平、稳定、进步的建设性力量，并表示中国将继续推动开放包容的经济全球化，实现各国共同发展。Participants at the forum criticized Washington's use of tariffs, investment barriers and trade restrictions as tools to pressure other countries, and voiced concerns that the world's two largest economies risk drifting further into confrontation.�论坛与会者批评美方利用关税、投资壁垒和贸易限制作为向其他国家施压的工具，并表示担心世界两大经济体可能进一步陷入对抗。 Douglas Bandow, a special assistant to former US president Ronald Reagan and a senior research fellow at the Cato Institute, said the United States and China bear a disproportionate responsibility to act not only in their own interests, but also for the benefit of the wider world.美国前总统罗纳德·里根的特别助理、卡托研究所高级研究员道格拉斯·班多表示，美国和中国肩负着不成比例的责任，不仅要为自身利益采取行动，也要为更广阔的世界利益采取行动。 "Our governments and peoples must find our way to work through present difficulties and disputes into a better, more prosperous and peaceful future," Bandow said. "Disagreements are sure to remain. Nevertheless, our peoples must remain in communion with one another, and our governments must pursue dialogues and policies which preserve communication, allow compromise, promote conciliation and encourage cooperation."“我们的政府和人民必须找到解决当前困难和争端的方法，迈向更美好、更繁荣、更和平的未来，”班多说。“分歧肯定会存在。然而，我们的人民必须保持相互沟通，我们的政府必须推行对话和政策，以保持沟通，允许妥协，促进和解，鼓励合作。”Benny Octaviar, former head of Indonesian Military Research Center and coordinating expert for the Indonesian National Armed Forces Commander, said major countries must reject zero-sum thinking and behave as responsible stakeholders in maintaining the international order.印尼军事研究中心前主任、印尼国家武装部队司令协调专家本尼·奥克塔维亚尔表示，大国必须摒弃零和思维，在维护国际秩序方面扮演负责任的利益攸关方的角色。"Sovereign equality, mutual benefit and peaceful coexistence should be the guiding principles instead of double standards or geopolitical containment," he said.他说：“主权平等、互利共赢、和平共处应该成为指导原则，而不是双重标准或地缘政治遏制。”Andrey Kortunov, former director general of the Russian International Affairs Council, spoke in support of globalization, saying it is not a national strategy but an inevitable stage in human development.俄罗斯国际事务委员会前总干事安德烈·科尔图诺夫支持全球化，称全球化不是国家战略，而是人类发展的必然阶段。"It can be slowed down, but it cannot be completely stopped or reversed," he said.他说：“全球化可以被减缓，但不能完全停止或逆转。”Kortunov said responsible major powers must master multilateralism, as simply multiplying centers of power will not automatically bring global security or stability.科尔图诺夫表示，负责任的大国必须掌握多边主义，因为仅仅增加权力中心并不会自动带来全球安全或稳定。"It is important to learn how to manage relations among nations in such a way that unavoidable competition would not overshadow cooperation, and would not turn into outright confrontation," he said.他说：“重要的是学会如何处理国家间关系，使不可避免的竞争不会掩盖合作，也不会演变成彻底的对抗。”tussle/ˈtʌsl/v./n.争斗；争执multilateralism/ˌmʌltiˈlætərəlɪzəm/n.多边主义rectify/ˈrektɪfaɪ/v.纠正，矫正zero-sum/ˈzɪəroʊ sʌm/adj.零和的

The Father of Reaganomics, David Stockman, joins us to explore the complex world of international trade and its impact on investors.  Key insights include: Challenging conventional wisdom about trade policies Understanding economic forces that drive investment opportunities Gaining expert perspective on global economic trends Stockman provides a candid analysis of current trade strategies, revealing: The true drivers of economic competitiveness Potential pitfalls of protectionist approaches Critical insights for strategic investors The episode cuts through political noise to offer clear, actionable economic intelligence for informed decision-making. Smart investors look beyond headlines to understand the deeper economic forces shaping their financial future. Resources: Check out David Stockman's Contra Corner Newsletter Show Notes: GetRichEducation.com/553 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, I sit down with a long time White House occupant who was the official economic advisor to an ex president. We get the real deal on tariffs and what they mean to you. Trump gets called out and the ominous sign about what's coming six months from now, today on, Get Rich Education.   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being the flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Corey Coates  1:14   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:30   Welcome to GRE from Brookline, Massachusetts to Brooklyn, New York and across 188 nations worldwide. I'm Keith Weinhold, and you are listening to get rich education, just another shaved mammal behind this microphone here. I recently spent some time with the father of Reaganomics, David Stockman, in New York City, and sometimes an issue so critical surfaces that real estate investors need to step back and understand a broader force in the economy. Three weeks ago, here, I told you how the second and third way, real estate pays you. Cash flow and ROA are sourced by your tenants employment and the future of your tenants employment is influenced by tariffs and other policies of this presidential administration. This is going to affect rates of inflation and a whole lot of things. Now, an organization called the American Dialect Society, they actually name their word of the year, and this year, it is shaping up to be that word, tariff. In fact, Trump has described that word as the most beautiful word in the dictionary. And I think we all know by now that a tariff is an import tax that gets passed along to consumers when it comes to materials used in real estate construction that's going to affect future real estate prices. Well, several key ones so far were exempted from recent reciprocal tariffs, including steel, aluminum, lumber and copper exempted. Not everything was exempted, but those items and some others were but who knows if even they are going to stay that way. And now, when it comes to this topic. I think a lot of people want to make immediate overreactions in even posture like they're an expert in become an armchair economist, and I guess we all do a little of that, me included. But rather than being first on this and overreacting, let's let the policy which Trump called Liberation Day last month when he announced all these new tariffs. Let's let policy simmer a little and then bring in an expert that really knows what this means to the economy and real estate. So that's why I wanted to set up this discussion for your benefit with the father of Reaganomics and I today. In fact, what did Reagan himself say about tarrifs back in 1987 this is part of a clip that's gained new life this year. It's about a minute and a half.    Speaker 1  4:13   Throughout the world, there's a growing realization that the way to prosperity for all nations is rejecting protectionist legislation and promoting fair and free competition. Now there are sound historical reasons for this. For those of us who lived through the Great Depression, the memory of the suffering it caused is deep and searing, and today, many economic analysts and historians argue that high tariff legislation passed back in that period called the Smoot Hawley tariff greatly deepened the depression and prevented economic recovery. You see at first when someone says, Let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing by protecting American products and jobs, and sometimes for a short while at work. Price, but only for a short time. What eventually occurs is first, home grown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets. And then, while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers, and less and less competition, so soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying. Then the worst happens, markets shrink and collapse, businesses and industry shut down, and millions of people lose their jobs.    Keith Weinhold  5:50   Now, from what I can tell you as a listener in the GRE audience, maybe you're split on what you think about tariffs. In fact, we ran an Instagram poll. It asks, generally speaking, tariffs are good or bad? Simply that 40% of you said good, 60% bad. Over on LinkedIn, it was different. 52% said they're good, 48% bad. So it's nearly half and half. And rather than me taking a side here, I like to bring up points that support both sides, and then let our distinguished guests talk, since he's the expert. For example, if a foreign nation wants to access the world's largest economy, the United States, does it make sense for them to pay a fee? I mean, it works that way in a lot of places, when you want to list a product on eBay or Amazon, you pay them a fee. You pay a percentage of the list price in order to get access to a ready marketplace of qualified buyers. All right. Well, that's one side, but then the other side is, come on, let's look at history. Where have tariffs ever worked like Where have they ever been a resounding, long term success? Do they have any history of a sustained, good track record? I generally like free trade. Then let's understand there's something even worse than a steep tariff. There are quotas which are imposed, import limits, trade limits, and then there are even all out import bans. What do terrorists mean to the economy that you are going to live in and that your tenants live in? It's the father of Reaganomics, and I on that straight ahead on Get Rich Education. I'm your host. Keith Weinhold.   you know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back, no weird lock ups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text, family to 66866, to learn about freedom, family investments, liquidity fund, again. Text family to 6686   Hey, you can get your mortgage loans at the same place where I get mine, at Ridge lending group and MLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally. Start Now while it's on your mind at Ridge lendinggroup.com, that's ridgelendinggroup.com.    Hey   Robert Helms  9:28   Hey everybody. It's Robert Helms of the real estate guys radio program. So glad you found Keith Weinhold in get rich education. Don't quit your Daydream.   Keith Weinhold  9:48   when it comes to White House economic policy like tariffs, taxes and inflation, don't you wish you could talk to someone that's often been inside the White House. Today, we are even better. He was the official advisor to an ex president on economic affairs, a Wall Street and Washington insider and Harvard grad. Today's guest is also a former two time congressman from Michigan. He's a prolific author, and he is none other than the man known as the father of Reaganomics. He was indeed President Ronald Reagan's budget advisor. He was first with us last year, but so much has happened since. So welcome back to the show. David Stockman,    David Stockman  10:26   very good to be with you, and you're certainly right about that. I think we're really in uncharted waters. Who could have predicted where we are today, and therefore it's very hard to know where we're heading, but you have to try to peer through the fog and all the uncertainty and the noise and the, you know, day to day ups and downs that's coming from this White House in a way that we've never seen before. And I started on Capitol Hill in 1970 so I've been watching this, you know, for more than a half century, actually, quite a while. And man, it's important to go through all this, but it's sort of uncharted waters.    Keith Weinhold  11:04   Sure, it's sort of like you wake up every day and all you do know is that you don't know. And David, when it comes to tariffs, I want to give you my idea, and then I want to ask you about what the tariff objective even is. Now, to be sure, no one is asking me how to advise the President. I'm an international real estate investor, but I do most of my business in the US, and I sure don't have international trade policy experience. It seems better to me, David, that rather than shocking the world with new tariffs that kick in right away, it would have been better to announce that tariffs begin in, say, 90 days, and then give nations space to negotiate before they kick in. That's my prevailing idea. My question to you is, what's the real objective here? What are terrorists proposed to do? Raise revenue, onshore companies merely a negotiation tactic? Is the objective? Something else?    David Stockman  12:00   Well, it might be all of the above, but I think it's important to start with a predicate, and that is that the problem is not high tariffs abroad or cheating by foreign competitors or exporters. There is a huge problem of a chronic trade deficit that is not benign, that does reflect a tremendous offshoring of our industrial economy, the loss of good, high paying industrial and manufacturing jobs. So the issue is an important one to address, but I have to say, very clearly, Trump is 100% wrong when he attempts to address it with tariffs, because foreign tariffs aren't the problem. Let me just give a couple of pieces of data on this, and I've been doing a lot of research on this. If you take the top 51 exporters to the United States, our top 51 trade partners, and this is Mexico and Canada and the entire EU and it's all the big far eastern China, Japan, South Korea, India, you know, all the rest of them. If you look at the and that's 90% of our trade, we have 2.9 trillion of imports coming in from all of those countries, and the tariff that we Levy, this is the United States, on those imports, is not high. It's higher than it was in the past, mainly because of what Trump did in the first term, but it's 3.9% now compared to bad times historically, decades and decades ago. That's relatively low. But here's the key point, if we look at the same 51 trading partners in terms of the tariffs they levy on our exports to China and to the EU and to Canada and Mexico and South Korea and all the rest of them. The tariff average, weighted average that they levy is 2.1% so let me restate that the average US tariff is about twice as high 4% around things as what our partners imposed 2% now the larger point is whether it's 4% or 2% doesn't make a better difference. That's not a problem when it comes to 33 trillion of world trade of which we are, you know, the United States engages in about five and a half trillion of that on a two way basis, import, export, in the nexus of a massive global trading system. So he's off base. He's wrong. The target is not high tariffs or unfair foreign trade. Now there are some people who say, Well, you're looking at monetary tariffs. So in other words, the import duty they levy on, you know, exports to South Korea or India or someplace like that, right? And that, the real issue, supposedly, is non tariff barriers. For instance, you know, some governments require you that all procurement by government agencies has to be sourced from a domestic supplier, which automatically shuts out us suppliers who might want that business. Well, the problem is we're the biggest violator of the non tariff barrier in that area. In other words, we have something like $900 billion worth of state, federal and local procurement that's under Buy America policies, which means EU, Mexico, Canada, China, none of them can compete. Now I mention that only as one example, because it's the kind of classic non tariff barrier, as opposed to import duty that some people point to, or they point to the fact that while foreign countries allegedly manipulate their currency, but you know the answer to that is that number one, overwhelming, no doubt about it, largest currency manipulator in the world, is the Federal Reserve. Okay, so it's kind of hard to say that there's a unfair trade problem in the world because of currency manipulation. And then there is, you know, an argument. Well, foreign governments subsidize their exporters. They subsidize their industrial companies, and therefore they can sell things cheaper. And therefore that's another example of unfair trade, but the biggest subsidizer of tech industry, and of a lot of other basic industry in the United States is is the Defense Department. You know, we have a trillion dollar defense budget, and we put massive amounts of dollars in, not only to buying, you know, hardware and weapons and so forth, but huge amounts of R and D that go into developing cutting edge technologies that have a lot of civilian applications that, in fact, we see all over the world. That's why we're doing this broadcast right now. The point is that problem is not high tariffs because they're only low tariffs. The problem is not unfair trade, because there's all kinds of minor little interferences with pure free markets, but both, everybody violates those one way or another due to domestic politics. But it's not a big deal. It doesn't make that big a difference. So therefore, why do we have a trillion dollar trade deficit in the most recent year, and a trade deficit of that magnitude that's been pretty continuous since the 1970s the answer is three or four blocks from the White House, not 10,000 miles away in Beijing or Tokyo. The answer is the Federal Reserve has in the ELLs building there in DC, not far from the White House. Yes, yes, right there, okay, the Eccles building the Fed has a huge, persistent pro inflation bias, sure. And as a result of that, it is pushed the wage levels and the price levels and the cost levels of the US economy steadily higher, and therefore we've become less and less competitive with practically everybody, but certainly a lower wage countries nearby, like Mexico or China, far away. And you know, there's, it's not that simple of just labor costs and wages, because, after all, if you source from China, you've got to ship things 10,000 miles. You've got supply chain management issues, you've got quality control issues, you've got timeliness issues. You have inventory carry costs, because there's a huge pipeline, and of course, you have the actual freight cost of bringing all those containers over. But nevertheless, when you factor all that in, our trade problem is our costs are too high, and that is a function of the pro inflation policies of the Fed. Give one example. Go back just to the period when the economy was beginning to recover, right after the great recession. And you know the crisis of 208209 and I started 210 unit labor costs in manufacturing in the United States. Just from 210 that's only 15 years, are up 55% that's unit labor costs. In other words, if you take wage costs and you subtract productivity growth in that 15 year period, the net wage costs less productivity growth, which is what economists call unit labor costs, are up 53% and as a result of that, we started, you know, maybe with a $15 wage difference between the United States and.China back in the late 1990s that wage gap today is $30 in other words, the fully loaded way at cost of average wages in the United States. And I'm talking about not just the pay envelope, but also the payroll taxes, the you know, charge for pension expense, health care and so forth. The whole fully loaded cost to an employer is about $40 an hour, and it's about $10 in the United States and it's about $10 an hour in China. Now that's the reason why we have a huge trade deficit with China, because of the massive cost difference, and it's not because anybody's cheating. Is because the Fed, in its wisdom, decided, well, you know, everybody will be okay. We're going to inflate the economy at 2% a year. That's their target. It's not like, well, we're trying to get low inflation or zero inflation, but we're not quite making it. No, they're proactive. Answer is, we've got to have 2% or the economy is not going to work. Well, well, 2% sounds well, that's a trivial little number. However, when you do it year after year, decade after decade, for a long period of time, and the other side is not inflating at the same rate, then in dollar terms, you have a problem, and that's where we are today. So this is important to understand, because it means the heart of the whole Trump economic policy, which is trying to bring manufacturing home, trying to bring industry back to the United States, a laudable objective is based on a false diagnosis of why this happened, and it is unleashed ball in the china shop, disruption of global economic flows in relationships that are going to cause unmitigated problems, even disaster in the US economy. Because it's too subtle, when you think about it, the world trade system just goods. Now, we've not even talking about services yet, or capital flows or financing on a short term basis. The World Trade in goods, merchandise, goods only is now 33 trillion. That is a hell of a lot of activity of parts and pieces and raw materials and finished products flowing in. You know, impossible to imagine directions back and forth between dozens and dozens of major economies and hundreds overall. And when you start, you step into that, not with a tiny little increase in the tariff. To give somebody a message. You know, if our tariffs are averaging 4% that's what I gave you a little while ago. And you raise tariffs to 20% maybe that's a message. But Trump didn't do that. He raised the tariff on China to 145% in other words, let's just take one example of a practical product, almost all the small appliances that you can find in Target or even a higher end retail stores United States or on Amazon are sourced in China because of this cost differential. I've been talking about this huge wage differential. So over the last 20, 25, years, little it went there now 80% of all small appliances are now sourced in China, and one, you know, good example would be a microwave oven, and a standard one with not a lot of fancy bells and whistles, is $100 now, when you put 145% tariff on the $100 landed microwave oven is now $245 someone's going to say, Gee, are we going to be able to sell microwaves at $245 they're not certain. I'm talking about a US importer. I'm talking about someone who sells microwaves on Amazon, for instance, or the buyers at Walmart or Target, or the rest of them, they're going to say, wait a minute, maybe we ought to hold off our orders until we see how this is going to shake out. And Trump says he's going to be negotiating, which is another whole issue that we'll get into. It's a lot of baloney. He has no idea what he's doing. Let's just face the facts about this. So if orders are suddenly cut back, and the flow that goes on day in and day out across the Pacific into the big ports in Long Beach in Los Angeles is suddenly disrupted, not in a small way, but in a big way, by 20, 30, 40, 50% six or seven months down the road, we're going to have empty shelves. We're going to have empty warehouses. We're going to have sellers who suddenly realize there's such a scarcity of products that have been hit by this blunderbuss of tariffs that we can double our price and get away with it.   Keith Weinhold  25:00   Okay, sure. I mean, ports are designed. Ports are set up for stadium flows, not for surges, and then walls and activity. That just really doesn't work.   David Stockman  25:08   And let me just get in that, because you're on a good point. In other words, there is a complicated supply line, supply chain, where, you know, stuff is handed off, one hand to another, ports in China, shipping companies, ports here, rail distribution systems, regional warehouses of you know, people like Walmart and so forth, that whole supply chain is going to be hit with a shock. Everything is going to be uncertain in terms of the formulas that everybody uses right now, you know that you sell 100 units a week, so you got to replace them at the sales rate, and you put your orders in, and know that it takes six weeks to get here, and all this other stuff, all of the common knowledge that's in the supply chain that makes it work, and the handoffs smooth and efficient From one player in the supply chain to the next, it's all going to be disrupted. But the one thing we're going to have is we're going to have shortages, we're going to have empty shelves, and we're going to have price which I'm sure that Trump is not going to start saying price gouging of a you know, right? But that's not price gouging. If you have a you know, go to Florida. We have a hurricane. Where we live in Florida and New York, we have a hurricane. All of a sudden the shelves are empty and there's no goods around, because everybody's been stocking up getting ready for the storm. And then all of a sudden, the politicians are yelling that somebody's price gouging, because they raised their prices in a market that was in disequilibrium. Well, that's not price gouging. That's supply and demand trying to find a new balance basic economics. You know, when the demand is 100 and the supply is 35 okay, but I'm kind of getting ahead here, but I think there's very good likelihood that there's going to be a human cry right before, you know, maybe in the fall or right before Christmas, about price gouging and Trump then saying, Well, I was elected to bring prices down and bring inflation under control. It's out of control because all of these foreigners raised their prices. And no, they did, and it was the tariff that did it, and all the people in the supply chain are trying to take advantage of the temporary disruptions. So I think people have to understand, and I can't say this, and I don't like to say it, because I certainly didn't think the other candidate in the last election had anything to offer in terms of dealing with our serious economic problems in this country. I'm talking about Harris. But the fact is, Donald Trump has had a wrong idea for the last 40 to 50 years of his adult life. In that core idea is that trade deficits are a sign of the other side cheating. They're a sign that you're being exploited or taken advantage of or ripped off, or it's not at all okay. Trade deficits are a consequence of cost differences between different jurisdictions, and to the extent that we've artificially, unnecessarily inflated our costs. We need to fix the problem at the source. He ought to clean house at the Federal Reserve. But the problem is, Trump wants lower interest rates when, in fact, the low interest rates created all the inflation that led to our loss of competitiveness and the huge trade deficits we have today. So to summarize, it is important to understand, do not have faith in Trump's promise that we're going to have a golden age of economic prosperity. We are going to have a economic disaster, and it's a unforced error. It's self inflicted, and it's the result of the wrong fundamental idea of one guy who's in the oval office right now throwing his considerable weight around and pushing the economy into upheaval that really is totally unnecessary. He should have done what he was elected to do, and Matt's work on getting production up and costs down, that's not going to be solved with tariffs. David, I have another important point to bring up. But before we do just quickly, are those two to 4% tariffs you mentioned earlier. Those are the tariff levels pre Trump second term correct.    We could clarify that those are for the year 2023 that was the latest full year data that we have with great deal of granularity.    Keith Weinhold  29:56   The point I want to bring up is there any history? That tariffs actually work. Some people cite the Smoot Hawley Tariff Act from the 1930s and that it drove us deeper into the Great Depression. And David, on the one hand, when we think about, do tariffs actually work? If Indonesia can make shoes for us for $11 why would we want to onshore an activity like that? That is a good deal for us. And then, on the other hand, you have someone like Nvidia, the world's leading semiconductor company, they announced plans to produce some of their AI supercomputers entirely on American soil for the first time recently. And you have some other companies that have made similar announcements. So that's a small shred of evidence that tariffs could work. But my question is, historically, do tariffs actually work?    David Stockman  30:44   That's a great question, and there's a huge history. And you can go back all the way the 19th century, where Donald Trump seems to be preoccupied, but what he fails to recognize is that they worked in the 19th century because they were revenue tariffs. It wasn't an effort to, like, bring jobs back to America. We were booming at the time. Jobs were coming to America, not leaving, and it was the federal government's main source of revenue. Because, as you know, prior to 1913 there was no income tax, right? So that was one thing. Okay, then when we got into the 20th century and host World War Two, it became obvious to people that the whole idea of comparative advantage, going all the way back to Adam Smith, and that enhanced a global trade where people could specialize in whatever their more competitive advantage is, was a Good thing. And so we had round after round of negotiations after World War Two that reduced tariff levels steadily, year by year, decade by decade. So by the time we got to the 1990s when China, then, you know, arose from the disaster of Mao and Mr. Dang took over and created all the export factories and said, It's glorious to be rich and all these things is we got red capitalism. But if we start in the 1990s the average tariff worldwide, now this is weighted average on all goods that are bought and sold or imported and exported, was about 9% and there were have been various free trade deals done since then. For instance, we had NAFTA, and the tariffs on Mexico and Canada and the United States went to zero. We had a free trade deal in 212 with South Korea. This never comes up, but the tariff on South Korean goods coming the US is zero. The tariff on us, exports going to South Korea is zero because we have a free trade agreement, and it's worked out pretty well with South Korea. Now we're not the only ones doing this. Countries all over the world. The EU is a total free trade zone in economy almost as big as the United States that used to have tariff levels between countries. Now it's one big free trade zone. So if you take the entire world economy, that 9% weighted average tariff of the early 90s, which was down from maybe 2025, 30, pre World War Two in this Smoot Hawley era, was down to 2.25% by the time that Donald Trump took office, the first time around in 2017 now 2.25% is really a rounding error. It's hardly when you have $33 trillion worth of goods moving around, you know, container ships and bulk carriers and so forth all around the world, and air freight and the rest of it, rail. 2% tariff is not any kind of big deal, as I say in some of the things I write, it's not a hill of beans. So somehow, though 45 years ago, Trump got the idea that tariffs were causing a problem and that we had trade deficits, not because our costs were going up owing to bad monetary policy, but because the other guy was cheating. Remember, this is Trump's whole view of the world. It's a zero sum game. I win, you lose, and if I'm not winning, is because you're cheating. Okay? In other words, I'm inherently going to win. America's inherently going to win unless the other guy is cheating. Now, Trump sees the world the same way that I think he looked at electrical and plumbing contractors in the Bronx, you know, in the 1980s and 1990s when he was developing his various Real Estate projects. These are pretty rough and tumble guys. It's a wild, easy way to make a living. So there's a lot of, you know, there's a lot of pretty rough baseball that's played that mentality that the other guy is always trying to screw me, the other guy's always cheating, the other guy's preventing me from winning, is, is his basic mentality. And it's not Applicable. It's not useful at all to try to understand the global economy. Try to understand why America's $29 trillion economy is not chugging along as strongly and as productively as it should be, why real wages are not making the gains that workers should be experiencing and so forth. So he ought to get out of this whole trade, tariff trade war thing, which he started, I don't know how he does, it's a little late, and focus on the problems on the home front. In other words, our trade problem has been caused by too much spending, too much borrowing, too much money printing on the banks of the Potomac. It's not basically caused in Beijing or Tokyo or Seoul or even Brussels, the European Union. And we need to get back to the basic and the real culprit, which is the Federal Reserve and its current chairman, Paul, if he wants to attack somebody, go after the Fed. Go after Paul. But ought to give them a mandate to bring inflation to zero and to stop fooling around with everything else and to stop monetizing the public debt that is buying government debt, take care of your own backyard first before you start taking, yeah, sure, yeah, exactly. You know, I've been in this for a long time. I start, as I said, I started on Capitol Hill. There have been a lot of protectionist politicians, but they always argued free trade is good, but it has to be fair trade. And you know, we have this example in our steel industry, for instance, where we producers abroad are competing unfairly for one reason or another. But the point I'm getting to is they always said this is an exceptional case. Normally we would go for free trade, but we got to have protection here. We got to have a temporary quota. Even when I was in the Reagan administration, we had a big argument about voluntary quotas on Japanese car exports, and I was totally against it. I thought the US industry needed to get its act together, get its costs down. Needed to get the UAW under control, because it had pushed wages, you know, way, way, way too high terms of total cost. But they argued, yeah, well, you're right, but we have to have 10 years in order to allow things to be improved and adjusted and catch up. So this is only temporary. This is just this. Yes, this is protectionism, but it's temporary. It's expedient that we can avoid and so therefore we'll make an exception. But there is no one, and most of these people were, you know, in the payroll of the unions, or they were congressmen from south to South Carolina going to bad for the textile industry, or congressman from Ohio going to bat for the steel industry, whatever, but there was no one who ever came along and said tariffs are big, beautiful things, and we need to have permanent high tariffs, because that's the way we're going to get prosperity back in United States. It's a dumb idea. It's wrong. It's disproven by history and people. Even though Trump has done a lot of things that I like you know, he's got rid of dei he's got rid of all of this green energy, climate crisis nonsense, all of that that he's done is to the good when you come to this basic question, how do we get prosperity in America? The answer is, through free market capitalism, by getting the government out of the way, by balancing the budget and by telling the Fed not to, you know, inflate the economy to the disadvantage that it has today. That's how you get there. And Trump is not a real Republican. Trump is basically what I call a status. He's for big government, right wing status. Okay, there's left wing, Marxist status, then there's right wing status. But you know, all of this tariff business is going to create so much corruption that it's almost impossible to imagine, because every day there's someone down there, right now, I can guarantee it at the, you know, treasury department or at Commerce department saying, but we got special circumstances here in terms of the parts that we're making for aircraft that get assembled in South Korea or something, and we need special relief. Yes, every industry you're doing is putting in for everybody's going to be there the lobby. This is the greatest dream that the Washington lobbyist community ever had. Trump is literally saying he put this reciprocal tariff. You saw the whole schedule. That he had on that easel in the White House on April 2, immigration day. It was called Liberation Day. I called it Demolition Derby Day. There was a reciprocal tariff for every single country in the world based on a phony formula that said, if we have $100 million deficit with somebody, half of that was caused by cheating. So we're going to put a tariff in place closes half of the difference. I mean, just nonsense, Schoolboy idiocy. Now it is. I mean, I know everybody said, Oh, isn't it great? We've finally got rid of the bad guys, Biden, he's terrible, and the Democrats, I agree with all that, but we replaced one set of numb skulls with another set. Unfortunately, Republicans know better, but they're so intimidated, apparently buffaloed by Trump at the moment, that they're going along with this. But they know you don't put 145%tariff on anything. I mean, it's just nuts. David, I feel like you're telling us what you really think and absolutely love that.    Keith Weinhold  41:04   Interestingly, there is a Ronald Reagan clip about tariffs out there in a speech that he gave from Camp David, and it's something that's really had new life lately. In fact, we played the audio of that clip before you came onto the show today, Reagan said that he didn't like tariffs and that they hurt every American worker and consumer as Reagan's economic advisor in the White House. Did you advise him on that?    David Stockman  41:27   Yes, I did. And also I can give you a little anecdote that I think people will find interesting. Yeah, the one time that he deviated in a big way from his free trade commitments was when he put the voluntary export quota on the Japanese auto industry. That was big. I don't remember the exact number, but I think it said they couldn't export more than 1.2 million cars a year, or something like that the United States. And the number was supposed to adjust over time, but we had huge debates in the Cabinet Room about those things, and at the end of the day, here's what he said. He said, You know, I've always been for open trade, free trade. I've always felt it has to be fair trade. But, you know, in this case, the Japanese industry came to us and asked for voluntary quotas, so I didn't put up a trade barrier. I'm only accommodating their request. Well, the Japanese did come to him and ask. They did, but only when they were put up to it by the protectionists in the Reagan administration who, on this took them on the side, you know, their negotiators and maybe their foreign minister. I can't remember exactly who commerce secretary and said, If you don't ask for voluntary quotas, we're going to unleash Capitol Hill and you're going to get a real nasty wall put up against your car. So what will it be? Do you want to front for voluntary quotas? Are we going to unleash Congress? So they came to Reagan and said they were the Japanese industry said they're recommending that he impose voluntary restraints on auto exports. That was just a ruse. He wasn't naive, but he believed what you told him. He believed that everybody was honest like he was, and so he didn't understand that the Japanese industry that was brought to meet with him in the Oval Office had been put up to, it been threatened with, you know, something far worse, mandatory quote is imposed by Congress. But anyway, it's a little anecdote. What happened? On the other hand, he continued to articulate the case for small government sound money. We had deficit problems, but he always wanted a balanced budget. It was just hard to get there politically. And he believed that capitalism produces prosperity if you let capitalism work and keep the government out of the marketplace. And there is no bigger form of intervention and meddling and disruption in the capitalist system, in the free market, in the marketplace, than quotas on every product in every country at different levels. They're going to have 150 different countries negotiating bilaterally deals with the United States. That's the first thing that's ridiculous. They can't happen. The second thing is they're going to come up with deals that don't amount to a hill of beans, but they'll say, we have a deal. The White House will claim victory. Let me just give one example. As we know, one of the big things that Trump did in the first administration was he renegotiated NAFTA. And NAFTA was the free trade agreement between Mexico, Canada, United States. Before he started in 2017 the trade deficit of the US with Mexico and Canada combined with 65 billion. And he said, That's too big, and we got to fix NAFTA. We have got to rebalance the provisions so that the US comes out, not on the short end of the stick 65 billion. So they negotiated for about a year and a half, they announced a new deal, which he then renamed the United States, Mexico, Canada agreement, usmca, and, you know, made a big noise about it, but it was the same deal with the new name. They didn't change more than 2% of the underlying machinery and structure, semantics. Well now, so now we fast forward to 2024 so the usmca Trump's pride and joy, his the kind of deal that he says he's going to seek with every country in the world is now four years into effect. And what is the trade deficit with Canada and Mexico today, it's 230 5 billion okay? It's four times higher now than it was then when he put it in place. Why? Because we have a huge trade deficit with Mexico. Why because, you know, average wages there are less than $10 an hour, and they're $40 an hour here. That's why it has nothing to do with a bad trade deal. It has to do with cost differences.    Keith Weinhold  46:27   David, this has been great, and as we're winding down here, we have a lot of real estate investor listeners tell us what this administration's overall policies, not just tariffs, but overall policies, mean for future employment, and then tell us about your highly regarded contra corner newsletter.    David Stockman  46:45   Well, those are that's a big question. I think it doesn't mean good, because if they were really trying to get America back on track our economy, they would be fighting inflation tooth and nail to get it down to zero. They would be working day and night to implement what Musk came up with in the doge that is big spending cuts and balancing the budget. They're not doing that. They're letting all these announcements being made, but they're not actually cutting any spending. They would not be attempting to impose this huge apparatus of tariffs on the US economy, but they're not doing that. So I'm not confident we were going in the wrong direction under Biden, for sure, and we're going in an even worse direction right now under Trump. So that's the first thing. The second thing is, I put out a daily newsletter called David stockman's Country corner. You can yes signers on the internet, but this is what we write about every day, and I say A plague on both their houses, the Democrats, the Republicans. They're all, in many ways, just trying to justify government meddling, government spending, government borrowing, government money printing, when we would do a lot better if we went in the opposite direction, sound money, balanced budgets, free markets and so forth, so. And in the process, I'm not partisan. You know, I was a Republican congressman. I was a budget director of the Reagan administration. I have been more on the Republican side, obviously, over my career than the Democrats, but now I realize that both parties are part of the problem, and I call it the uni party when push comes to shove, the uni party has basically been for a lot of wars abroad and a lot of debt at home, and a lot of meddling in the economy That was unnecessary. So if you look at what I write every day, it tries to help people see through the pretenses and the errors of the unit party, Democrats and Republicans. And in the present time, I have to focus on Trump, because Trump is making all the noise.    Keith Weinhold  48:59   100% Yes, it sure has kept life and the news cycle exciting, whether someone likes that news or not. Well, David, this has been great. In fact, it sounds a lot like what Reagan might have told me, perhaps because you were a chief economic informant for him, smaller government, letting the free trade flow and lower inflation. Be sure to check out David stockman's contra corner newsletter if you like what we've been talking about today, just like it was last year, David, it's been a real pleasure having you on GRE today.    David Stockman  49:30   Well, thank you very much. And these are important issues, and we've got to stay on top of them.   Keith Weinhold  49:41   Oh, yeah. Well, David Stockman truly no mincing words. He doesn't like tariffs. In summary, telling GRE listeners that the problem with trade imbalances is inflation attack that instead quell inflation, don't impose tariffs. A lot of developing nations and China have distinct advantages over manufacturing in the United States, besides having the trained labor and all the factories and systems in place, think about how many of these nations have built in lower costs they don't have to deal with these regulatory agencies, no EPA, no OSHA, and not even a minimum wage law to have to comply with. And here in the US get this, 80% of American workers agree that the US would benefit from more manufacturing jobs, but almost 75% disagree that they would personally be better off working in a factory themselves. That's according to a joint Cato Institute in YouGov survey. It's sort of like how last century, Americans lamented the demise of the family farm, yeah, but yet, they sure didn't want to work on a farm themselves. Now there are some types of manufacturing, like perhaps pharmaceuticals or computer chips that could likely be onshore, because those items are high value items. Their value can exceed the cost of being produced in the USA, but a lot of these factory goods, not again. If these topics interest you do a search for David stockman's contra corner, or you can directly visit David stockman's contra corner.com. Big thanks to the father of Reaganomics, David Stockman on the show this week. As for next week, we're back more toward the center of real estate investing. Until then, I'm your host. Keith Weinhold, don't quit your Daydream. Y   Unknown Speaker  51:42   nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC   Keith Weinhold  52:02   You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access and it's got paywalls and pop ups and push notifications and cookies disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long. My letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called The Don't quit your Daydream. Letter, it wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text GRE to 66866, while it's on your mind, take a moment to do it right now. Text GRE to 66866   The preceding program was brought to you by your home for wealth, building, getricheducation.com.  

An audio of Ilya Somin's Just Security article, which has become more topical by the day. The title: "What Just Happened: The Invasion Executive Order and Its Dangerous Implications." Somin is a Professor at the Antonin Scalia Law School at George Mason University, the B. Kenneth Simon Chair in Constitutional Studies at the Cato Institute, and author of Free to Move: Foot Voting, Migration and Political Freedom (Oxford University Press).

Thank you so much for listening to the Bob Harden Show, celebrating nearly 14 years broadcasting on the internet. On Wednesday's show, we conclude our discussion of the Supreme Court and campaign finance reform with Cato Institute Chairman Emeritus Bob Levy. Professor and author Andrew Joppa and I discuss a variety of topics including the impact of Islam in the United States, Trump's trip to the Middle-East, and proposed price controls for medicines. Please join us on Thursday's show. We'll visit with Co-Founder and CEO of the Florida Citizens Alliance Keith Flaugh, Cato Institute's Michael Cannon, Vice President of Landmark Legal Foundation Michael O'Neill, and former Mayor of Naples Bill Barnett. Access this or past shows at your convenience on my web site, social media platforms or podcast platforms.

Send us a textLizette Valles is a passionate educator, Latina leader, and innovator in the world of alternative education. As a co-founder of the California Microschool Collective, established in 2024, Lizette has been at the forefront of the microschooling movement, advocating for personalized and trauma-informed learning environments that empower all children to thrive. She is also the founder of Compass Educators and Ellemercito Academy, a nonprofit microschool based in Los Angeles that reimagines education through experiential and place-based learning.A first-generation college graduate, Lizette holds a Master's in Education and has dedicated over 17 years to helping students develop critical thinking skills, a growth mindset, and empathy. Her journey in education began as a middle and high school teacher, where she quickly realized the limitations of traditional schooling and sought to create more meaningful learning experiences. Lizette's dedication to reshaping education goes beyond the classroom; she is a passionate advocate for school choice and believes in creating learning spaces where children feel seen, heard, and valued.Lizette's contributions to the education field extend far beyond her own schools. During the pandemic, she organized the largest free virtual summer camp in the U.S., demonstrating her commitment to providing educational opportunities even in times of crisis. She has also authored a bilingual children's book and served as the California & Spanish-speaking Field Coordinator for a national nonprofit, helping to expand access to education for underserved communities. Lizette's work has been recognized through numerous accolades, including being named a fellow of the ASU Prep Microschool Entrepreneur Fellowship and receiving grants from VELA Next Step and Getting Smart's Learning Innovation Fund. Her innovative approach to education has been featured at prestigious events such as Harvard's Emerging School Models Conference and in media outlets including 74 Million and the Cato Institute.Lizette's philosophy of learning is rooted in the belief that education should be natural, joyful, and limitless. She is dedicated to creating nurturing spaces that allow students to take ownership of their learning, harness their unique talents, and make meaningful contributions to their communities. Through her leadership, Lizette continues to inspire the next generation of students and educators, pushing the boundaries of what education can be.Follow Lizette's journey and learn more about Ellemercito Academy on Instagram: @ellemercito_academy.___________________Music CreditsIntroEuphoria in the San Gabriel Valley, Yone OGStingerScarlet Fire (Sting), Otis McDonald, YouTube Audio LibraryOutroEuphoria in the San Gabriel Valley, Yone OG__________________My SGV Podcast:Website: www.mysgv.netNewsletter: Beyond the MicPatreon: MySGV Podcastinfo@sgvmasterkey.com

Episode 117: Who's in Charge of Disclosure?Disclosure is no longer coming—it's here. But the question is: Who's driving it?In this episode of the Uncovering Anomalies Podcast (UAP), Adam and Topher sift through a flurry of intel drops, whistleblower testimony, counterintelligence narratives, and shadowy hearings to explore who's really controlling the disclosure timeline.Is it the government? Independent insiders? Or is the phenomenon itself setting the pace?Topics discussed include:– The rise of "Immaculate Constellation" whistleblower– Catherine Austin Fitts on breakaway civilization funding– Cato Institute's surprising stance on UFOs and national security– The FAA ghosting Congress on mystery drones– Eric Davis and Lue Elizondo's latest revelations– Invisible craft, underground tech, and pole shift predictionsAs always, we dive into what they don't want us to see.

In Episode 497 of District of Conservation, Gabriella speaks with Joshua Loucks, a research associate at the Cato Institute and co-author of the new study, "The Budgetary Cost of the Inflation Reduction Act's Energy Subsidies." Tune in to learn about the economic and environmental implications of keeping the inflation-inducing IRA law in place. The Budgetary Cost of the Inflation Reduction Act's Energy SubsidiesHow Repealing Energy Subsidies Could Cement Pro-Growth Tax Cuts in ReconciliationFour Paths for Inflation Reduction Act ReformsATR Letter: 30+ Free Market Groups, Advocates Call for Repealing Green New Deal Subsidies in Reconciliation

Thank you so much for listening to the Bob Harden Show, celebrating nearly 14 years broadcasting on the internet. On Wednesday's show, we discuss the Supreme Court and campaign finance reform with Cato Institute Chairman Emeritus Bob Levy. Professor and author Andrew Joppa and I discuss a variety of topics including Trump's first 100 days in office, the legacy of Pope Francis, the power outages in Europe, and the calls for chaos from Illinois Governor Pritzker. Please join us on Thursday's show. We'll visit with the President of American Commitment Phil Kerpen, Co-Founder and CEO of the Florida Citizens Alliance Keith Flaugh, Cato Institute's Michael Cannon, and former Naples Mayor Bill Barnett. Access this or past shows at your convenience on my web site, social media platforms or podcast platforms.

President Trump ran on closing the border and made promises about mass deportations of millions of immigrants. White House correspondent Laura Barrón-López and David Bier of the Cato Institute discussed the first 100 days of the Trump administration enforcing his immigration policies. PBS News is supported by - https://www.pbs.org/newshour/about/funders

President Trump ran on closing the border and made promises about mass deportations of millions of immigrants. White House correspondent Laura Barrón-López and David Bier of the Cato Institute discussed the first 100 days of the Trump administration enforcing his immigration policies. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Today's podcast is titled “Defining Public Policy in a Free Society.” Recorded in 2006, Dennis McCuistion, former Clinical Professor of Corporate Governance and Executive Director of the Institute for Excellence in Corporate Governance at the University of Texas at Dallas, Tibor Machan, research fellow at the Hoover Institution, professor emeritus at Auburn University, professor of business ethics at Chapman University, and co-founder of Reason magazine, and Tom G. Palmer, Senior Fellow at the Cato Institute discuss public policy in a free society, examining both domestic and foreign policy issues. Listen now, and don't forget to subscribe to get updates each week …

Sphere is excited to introduce a new suite of interdisciplinary globalization resources to spark discussion with students about the impacts of globalization on society and progress. Globalization has been evolving and connecting societies for centuries, but it has faced renewed attention, particularly in relation to trade and tariff policies. Through moderated discussion with Scott Lincicome, vice president of general economics and the Cato Institute's Herbert A. Stiefel Center for Trade Policy Studies, we will explore what globalization is, what is produced, what alternatives there are, and perspectives on how individuals view global integration in the future.Following our discussion, we will examine strategies for integrating economic concepts in your class to help students analyze and evaluate the underpinnings of decisions impacting policies around topics that influence current and future global integration. We will demonstrate how you can help students visualize globalization through integrative projects in a lesson suite based on a simulated world and with standalone explainer lessons helping students understand economic concepts such as comparative advantage. Through tools, lessons, and multimedia resources, we are excited to help you bring topics explored in this webinar to your classroom. Hosted on Acast. See acast.com/privacy for more information.

Longtime surgeon and Cato Institute fellow Jeffrey Singer argues that government overreach in health care undermines patient autonomy.

Kinsella on Liberty Podcast: Episode 462. I previously appeared on Joshua Smith's Break the Cycle, in July 2021 (KOL349 | CouchStreams Ep 58 on Break the Cycle with Joshua Smith). I had forgotten but we also did a short "CouchStreams After Hours" segment for subscribers which was, and still is, behind a paywall. We discussed various things—my scooter ride with Antony Sammeroff in Austin and travels with Sammeroff the previous months (see KOL330 | Lift Talks #2 With Kinsella & Sammeroff and KOL329 | Lift Talks #1 With Kinsella & Sammeroff), skiing accidents while skiing with Sammeroff, my joining the Libertarian Party, the Mises Caucus, loser brigade libertarians and the Hoppe photo with Michael Malice's helicopter gift (see below), when I was offered a job at Cato, when I was Disinvited From Cato, and so on. I had forgotten about this but stumbled across the file on my computer looking for something else, so decided to upload and podcast it. It's been long enough. Youtube transcript and Grok shownotes below. https://youtu.be/9IHdN-_arsg Paywalled version: https://www.youtube.com/watch?v=rW4qMNDBOtE   Facebook post about the helicopter. See also KOL244 | "YOUR WELCOME" with Michael Malice Ep. 001: Intellectual Property, Prostate Cancer Even my buddy Tucker didn't like it! (we've made up, no worries)   If you think political violence is hilarious, and post pics with plastic helicopters to show it, you might examine your conscience. — Jeffrey A Tucker (@jeffreyatucker) October 8, 2017 Hoppe Helicopter Controversy of 2017 - Stephan Kinsella responds: https://youtu.be/rqipQNFSOEQ?si=skq0FFFwt5xSwhry&t=1 Grok Summary Show Notes Summary Video: "Break The Cycle w/ Joshua Smith" (https://youtu.be/9IHdN-_arsg) Podcast Episode: "KOL462 | Couchstreams After Hours: Break The Cycle with Joshua Smith" (https://stephankinsella.com/as_paf_podcast/kol462-couchstreams-after-hours-break-cycle-joshua-smith/) Introduction and Libertarian Messaging (0:16 - 0:35) Discussion on using popular culture and trolling to spread libertarian ideas, emphasizing the goal of abolishing restrictive systems and breaking the cycle of statism. Scooter Adventures with Samuroff (1:04 - 3:13) Stephan recounts his spontaneous travels with Samuroff, including scooter rides in various cities and skiing in Telluride, which led to multiple shoulder injuries, humorously reflecting on his balance issues. Lift Talks and Skiing Experiences (3:29 - 4:49) Stephan and Samuroff recorded libertarian discussions on ski lifts in Colorado, dubbed "Lift Talks," published as podcasts; Joshua shares his snowboarding background and contrasts skiing experiences. Confronting the "Loser Brigade" and Hans-Hermann Hoppe (5:44 - 8:38) Stephan discusses a controversial photo with Hans-Hermann Hoppe holding a toy helicopter, sparking outrage among some libertarians; he dismisses virtue-signaling critics and defends his independence from think tanks. Mises Caucus and Libertarian Party Dynamics (9:42 - 18:36) Stephan and Joshua discuss their support for the Mises Caucus, aiming to steer the Libertarian Party toward radical, Rothbardian principles, and critique past candidates like Gary Johnson for lacking libertarian conviction. Cato Institute and Cancel Culture (19:34 - 21:12) Stephan shares a story of being disinvited from a Cato Institute IP debate, highlighting their reluctance to engage with Mises-aligned libertarians, and notes Cato's payment to reimburse his ticket as a form of preemptive cancellation. Closing and Contact Information (24:54 - 25:42) Stephan thanks Joshua for the interview, mentions joining his Patreon, and provides his website (stephankinsella.com) and social media handles (nskinsella) for further engagement. Transcript 0:16 much success turning people into 0:17

Thank you so much for listening to the Bob Harden Show, celebrating nearly 14 years broadcasting on the internet. On Wednesday's show, we conclude our discussion of the expansion of the powers of the Presidency with Cato Institute Chairman Emeritus Bob Levy. Professor and author Andrew Joppa and I discuss a variety of topics including the language of the Left, the judiciary, DOGE, and the bloated Federal bureaucracy. Please join us on Thursday's show. We'll visit with Co-Founder of the Florida Citizens Alliance Pastor Rick Stevens, Cato Institute's Michael Cannon, Landmark Legal Foundation Vice President Michael O'Neill, and former Naples Mayor Bill Barnett. Access this or past shows at your convenience on my web site, social media platforms or podcast platforms.

Caleb O. Brown has hosted the Cato Daily Podcast since 2007, CatoAudio since 2008, and all told has created several thousand interviews, videos, and other pieces for the Cato Institute. On his final episode, he is interviewed by Cato's Deirdre McCloskey about the art of the interview and his pending move to head Kentucky's Bluegrass Institute. Hosted on Acast. See acast.com/privacy for more information.

Scott Lincicome, VP of General Economics & Trade at the Cato Institute, discusses the current state of tariffs, why globalization is not going away despite protectionist rhetoric, how a chaotic tariff strategy could give oxygen to a struggling Chinese economy, and why the relationship between Wall Street and Main Street isn't zero sum. In conversation with Kyla Scanlon.

The CATO Institute's Jennfer Schulp provides insight into the federal government's approach to regulating crypto currency. This follows a recent summit on crypto that was held at the White House.

Trump has plunged the markets into chaos over the last couple of weeks with his tariffing, and un-tariffing, and possible re-tariffing. The Biden-to-Trump voters we've talked to were a mixed bag on this. Scott Lincicome, author of The Dispatch's economics newsletter Capitolism and Vice President of general economics at the Cato Institute, joins Sarah to listen to how the trade war is trickling down to voters and where it all might go from here. show notes By Scott Lincicome: Capitolism Newsletter This show is #sponsored by OneSkin. Get 15% off OneSkin with the code THEFOCUSGROUP at https://www.oneskin.co #oneskinpod

Gary and Shannon bring you the latest stories out of Washington during Swamp Watch. Guest: Clark Packard, Research Fellow in the Herbert A. Stiefel Center for Trade Policy Studies at Cato Institute. Get some bunny facts from our new producer Nikki Dobrin. 

Polarization threatens American democracy, deeply pervading politics, schools, and everyday life. What sits at the root of this trend and how might we turn the tide? Philosopher Robert Talisse offers a compelling examination of these issues and offers a provocative solution—civic solitude. Join the Cato Institute and Sphere Education Initiatives on April 17th at 11 am EST, in person or online, for a discussion of Talisse's new book, Civic Solitude: Why Democracy Needs Distance.About Civic SolitudeAn internet search of the phrase “this is what democracy looks like” returns thousands of images of people assembled in public for the purpose of collective action. But is group collaboration truly the defining feature of effective democracy? Robert B. Talisse suggests that while group action is essential to democracy, action without reflection can present insidious challenges, as individuals' perspectives can be distorted by group dynamics.The culprit is a cognitive dynamic called belief polarization. As we interact with our political allies, we are exposed to forces that render us more radical in our beliefs and increasingly hostile to those who do not share them. What's more, the social environments we inhabit in our day-to-day lives are sorted along partisan lines. We are surrounded by triggers of political extremity and animosity. Thus, our ordinary activities encourage the attitude that democracy is possible only when everyone agrees–a profoundly antidemocratic stance.Drawing on extensive research about polarization and partisanship, Talisse argues that certain core democratic capacities can be cultivated only at a distance from the political fray. If we are to meet the responsibilities of democratic citizenship, we must occasionally step away from our allies and opponents alike. We can perform this self-work only in secluded settings where we can engage in civic reflection that is not prepackaged in the idiom of our political divides, allowing us to contemplate political circumstances that are not our own. Hosted on Acast. See acast.com/privacy for more information.

US director Ryan Coogler on his supernatural horror film Sinners. Anne Sebba discusses her new book, The Women's Orchestra of Auschwitz, about the orchestra formed in 1943 among the female prisoners at the Auschwitz-Birkenau concentration camp. And as a new report looking at so-called book banning in the United States is published, we talked to author Ellen Hopkins, American Libraries Association president, Cindy Hohl, and Neal McCluskey, director of libertarian thinktank The Cato Institute's Center for Educational Freedom. Presenter: Tom Sutcliffe Producer: Simon Richardson

On this episode of Future of Freedom, host Scot Bertram is joined by two guests with different viewpoints about trade with and investment in China. First on the show is Johan Norberg, senior fellow at the Cato Institute. Later, we hear from Derek Scissors, senior fellow at the American Enterprise Institute. You can find Johan on X @johanknorberg and Derek at @DerekScissors1.

In this weekend's episode, three segments from this past week's Washington Journal. First, we speak with Rahna Epting – executive director of the progressive group MOVE ON. We'll talk about what the so-called "resistance" movement looks like in the second Trump presidency. Then, a conversation with Erec Smith – a research fellow at the Cato Institute – and co-founder of the online platform "Free Black Thought." We'll talk about why he SUPPORTS Trump administration efforts to dismantle DEI programs. Plus, a deep dive into President Trump's executive order related to how federal elections are run. David Becker from the Center for Election Innovation and Research joins us for THAT discussion. Learn more about your ad choices. Visit megaphone.fm/adchoices

0:00 - Tariffs 14:15 - FLASHBACK: Pelosi in '96 on China/tariffs/trade deficits 31:58 - Jim Iuorio, host of “The Futures Edge Podcast” and special contributor to Wirepoints: Trump is trying to fix the trade deficit in two years when it should take five to eight. For podcast updates and more @jimiuorio 51:39 - Danielle Carter-Walters, Chicago Flips Red, on sanctuary cities before House subcommittee 01:11:26 - Adam B Coleman, author and the founder of Wrong Speak Publishing, discusses his upbringing, becoming a father and his new book The Children We Left Behind: How Western Culture Rationalizes Family Separation & Ignores the Pain of Child Neglect. Follow Adam on X @wrong_speak 01:29:54 - Clinical Professor of Law and Director of the Securities Law Clinic at Cornell Law School, William Jacobson, on campus free speech issues and the Trump admin’s freezing of funds to Cornell and Northwestern Universities. Professor Jacobson is also founder of LegalInsurrection.com and president of the Legal Insurrection Foundation 01:49:40 - Ian Williams, former foreign correspondent for BBC Channel 4 News and NBC: China is ready for a trade war with America. Check out Ian’s book ‘Vampire State. The rise and fall of the Chinese Economy’ 02:05:18 - Norbert J. Michel, vice president and director of the Cato Institute’s Center for Monetary and Financial Alternatives, says Free Trade Didn’t Kill the Middle Class - instead, the middle class has thrived over the past 40 years. Follow Norbert on X @norbertjmichelSee omnystudio.com/listener for privacy information.

Scott Lincicome, vice president of general economics at the Cato Institute and a general tariff expert, took some time out of his very busy schedule to talk to Jonah Goldberg about Trump's trade-deficit delusions,why reciprocal tariffs will harm the United States, and the likelihood of increased inflation as trade tensions rise. Show Notes: —Scott's Capitolism newsletter for The Dispatch —Scott's column on trade deficits The Remnant is a production of The Dispatch, a digital media company covering politics, policy, and culture from a non-partisan, conservative perspective. To access all of The Dispatch's offerings—including Jonah's G-File newsletter, regular livestreams, and other members-only content—click here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Senior Fellow at the CATO Institute and General Surgeon, Dr. Jeffery Singer joins to discuss his new book Your Body, Your Healthcare and the importance of bodily autonomy. Kennedy and Dr. Singer chat about the importance of letting people "make their own bad decisions" and why the government should let adults decide what's best for them. Follow Kennedy on Twitter: @KennedyNation Kennedy Now Available on YouTube: https://bit.ly/4311mhD Learn more about your ad choices. Visit podcastchoices.com/adchoices

Tax season is here, and so is the debate about what you owe and why. Cato Institute's Adam Michel joins us to break down the policies behind your tax return—from the 2017 Tax Cuts and Jobs Act to what's at stake if key provisions expire in 2025. We cover how the law affected everyday Americans, why claims about corporations and the rich not paying their “fair share” fall apart, and what an ideal tax system could actually look like.   Adam Michel is the Director of Tax Policy Studies at Cato Institute. Read his updates on tax and fiscal policies at https://adamnmichel.substack.com/ and follow him on X at @adamnmichel.

Today's guest is Colleen Hroncich, a policy analyst with the Cato Institute's Center for Educational Freedom. She maintains the Private Schooling Status Tracker, which tracks private school openings and permanent closures along with tuition and demographic information when available. Each week in the Friday Feature blog series, Colleen shares interesting stories in the education space, from innovative schools and exciting educational programs to inspiring students, parents, and teachers. She is a longtime homeschooling mom of 4 children who are now either in college or who have already graduated.  *** Sign up for Kerry's free, weekly LiberatED e-newsletter on education trends at fee.org/liberated.

Join Matt Lewis as he sits down with Scott Lincicome, a Vice President at the Cato Institute and a leading expert on tariffs, to unpack the chaotic rollout of Trump's latest tariff policies in 2025. From skyrocketing tariffs on Canada, Mexico, China, and beyond, to the market's jittery reaction and the looming threat of a global trade war — Scott breaks it all down. Are these moves a masterstroke of negotiation or a recipe for economic disaster? We dive into the reciprocal tariff fiasco, rising prices (think Nintendo Switch and groceries), and the internal contradictions of Trump's trade vision. Plus, what's next for your wallet and the U.S. economy? Support "Matt Lewis & The News" at Patreon: https://www.patreon.com/mattlewisFollow Matt Lewis & Cut Through the Noise:Facebook: https://www.facebook.com/MattLewisDCTwitter: https://twitter.com/mattklewisInstagram: https://www.instagram.com/mattklewis/YouTube: https://www.youtube.com/channel/UCVhSMpjOzydlnxm5TDcYn0A– Who is Matt Lewis? –Matt K. Lewis is a political commentator and the author of Filthy Rich Politicians.Buy Matt's book: https://www.amazon.com/Filthy-Rich-Politicians-Creatures-Ruling-Class/dp/1546004416Copyright © 2024, BBL & BWL, LLC

Nick Anthony discusses the imminent threat to the civil liberties of citizens around the world which comes in the form of CBDC. He also covers bitcoin, crypto, stablecoins, the role of cash, and how we could still effectively end up with CBDCs even if they are officially banned. Watch on BitChute / Brighteon / Rumble / Substack / YouTube Geopolitics & Empire · Nick Anthony: We're One Step from Totalitarianism, CBDCs Close Final Gap #535 *Support Geopolitics & Empire! Become a Member https://geopoliticsandempire.substack.com Donate https://geopoliticsandempire.com/donations Consult https://geopoliticsandempire.com/consultation **Visit Our Affiliates & Sponsors! Above Phone https://abovephone.com/?above=geopolitics easyDNS (15% off with GEOPOLITICS) https://easydns.com Escape Technocracy course (15% off with GEOPOLITICS) https://escapethetechnocracy.com/geopolitics PassVult https://passvult.com Sociatates Civis (CitizenHR, CitizenIT, CitizenPL) https://societates-civis.com Wise Wolf Gold https://www.wolfpack.gold/?ref=geopolitics Websites CATO Institute https://www.cato.org/people/nicholas-anthony Digital Currency or Digital Control? https://www.cato.org/books/digital-currency-or-digital-control CBDC Tracker https://cbdctracker.hrf.org X https://x.com/EconWithNick Substack https://bankingbureau.substack.com About Nick Anthony Nicholas Anthony is a policy analyst at the Cato Institute's Center for Monetary and Financial Alternatives and a fellow at the Human Rights Foundation (HRF). Anthony's research covers a wide range of topics within the field of monetary and financial economics, including central bank digital currency (CBDC), financial privacy, cryptocurrency, and the use of money in society. Anthony is the author of Digital Currency or Digital Control? Decoding CBDC and the Future of Money and his work has been published in the Wall Street Journal, MarketWatch, Business Insider, and numerous other outlets. Anthony has testified before Congress and maintains the HRF CBDC Tracker, which documents CBDC development and civil liberties concerns around the world. *Podcast intro music is from the song "The Queens Jig" by "Musicke & Mirth" from their album "Music for Two Lyra Viols": http://musicke-mirth.de/en/recordings.html (available on iTunes or Amazon)

If Wednesday was ‘Liberation Day' in America, then Thursday was its day of reckoning, as the reality of President Donald Trump's decision to levy steep tariffs on dozens of countries set in. Financial markets around the world cratered. In the U.S., stocks lost more than $3 trillion in market value, registering their largest one-day drop since the start of the pandemic. But none of it seemed to bother Trump, who said of the fallout from his tariff announcement, ‘I think it's going very well.' Scott Lincicome, vice president of general economics and trade policy at the Cato Institute, tells us everything we need to know about Trump's tariffs.And in headlines: The Pentagon's acting inspector general said he'll review Defense Secretary Pete Hegseth's use of the Signal app to discuss military plans, the White House threatened to withhold funding from public schools over DEI programs, and lawyers for a Tufts University student detained by immigration officials asked a judge to keep her case in New England.Show Notes:Check out more from Scott – www.cato.org/people/scott-lincicomeSubscribe to the What A Day Newsletter – https://tinyurl.com/3kk4nyz8What A Day – YouTube – https://www.youtube.com/@whatadaypodcastFollow us on Instagram – https://www.instagram.com/crookedmedia/For a transcript of this episode, please visit crooked.com/whataday

Negar Mortazavi speaks with Jon Hoffman at Cato Institute in Washington.

The September 6, 1901, assassination of President William McKinley by self-professed anarchist Leon Czolgosz triggered a nationwide political backlash against the killer's like-minded political adherents. It also served as the catalyst for the expansion of nascent federal government surveillance capabilities used against not only anarchists but socialists and members of other social or political movements that were challenging the prevailing political, economic, and social paradigms of the day. And it was the ensuing, decades-long persistent exaggerations of domestic political threats from those movements that drove an exponential increase in the frequency and scale of unlawful government surveillance and related political repression against hundreds of thousands of individual Americans and civil society organizations.The Triumph of Fear is a history of the rise and expansion of surveillance-enabled political repression in America from the late 1890s to early 1961. Drawing on declassified government documents (many obtained via dozens of Freedom of Information Act requests and lawsuits) and other primary sources, Cato Institute senior fellow Patrick Eddington offers historians, legal scholars, political leaders, and general readers surprising new revelations about the scope of government surveillance programs and how this domestic spying helped fuel federal assaults on free speech and association that continue to this day. Join us for a conversation about the book with Eddington led by Caleb Brown, Cato's director of multimedia. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Dan Hugger speaks with Ryan Bourne, R. Evan Scharf Chair for the Public Understanding of Economics, and Alex Nowrasteh, VP for Economic and Social Policy Studies, both at the CATO Institute, about all things DOGE. What does efficiency mean in the context of government? What has DOGE been doing? Is its process […]

Can money buy happiness? Carl Barney, a developer, philanthropist, founder of the Prometheus Foundation, and author of "The Happiness Experiment", shares insights from his extensive experience in education and policy. He's not just talking theory; he's built over 20 colleges and contributed to influential organizations like the Cato Institute and the Ayn Rand Institute.In this episode, Carl and Mark explore:The intricate relationship between money and happiness.How financial resources can be leveraged to achieve personal fulfillment.The true drivers of happiness beyond material wealth.Strategies for finding purpose and creating meaningful connections.Here's what Carl's experience suggests:Strategic financial planning can increase overall life satisfaction by 20%.Purpose-driven activities contribute to a 30% increase in happiness levels.Strong social connections are a key predictor of long-term happiness.This episode delivers transformative insights on maximizing your financial resources while cultivating a life of purpose and meaningful connection.Takeaways:Money can buy happiness and security.Gratitude and expression are key to happiness.Lifelong learning and discovery are essential for a fulfilling life.Connect with Carl Barney:Website: www.happinessexperiment.comTimestamps:00:00 Introduction04:19 "Tithing's Impact on Business Growth"08:48 Hesitance in Sharing Wealth11:46 Reject Marxism, Embrace Positive Ideas15:19 Faith, Family, and Education's Role17:15 Finding True Happiness Formula21:46 Navigating Change and Team Motivation23:13 Valuing Employees with Generosity26:42 Strategic Planning and Inspiring Reads_____________________________________________Disclaimer: This content includes affiliate links. If you make a purchase through these links, After Hours Entrepreneur may earn a commission at no extra cost to you. The views expressed are solely my own, and any sponsors are duly recognized. All content should not be considered financial advice._____________________________________________

2:30 Mistake Gives An Inside Look at How the “War Sausage” is Made     Jeffrey Goldberg, editor-in-chief of The Atlantic, is mistakenly included on a Signal chat with principals of the Trump administration and partisan warfare breaks out in Washington and the press with more bombshells dropping all the time.         From emojis celebrating war to leaked plans bypassing Congress, this explosive exposé reveals a reckless disregard for the Constitution, national security, and public debate. But there are other more important things than “national security” or competencewhat does it tell us about the character and perspectives of the participants?what does it tell us about the American War Machine?what does it reveal about how Israel is regarded by those at the highest level of government?why was this particular journalist included?will there be any accountability or will it just be each side pointing out hypocrisy of the other side?37:39 Conflicting Signals About Whether “Signal” is Allowed & Secure     The Pentagon issued a dire warning against using Signal on March 18th, citing Russian hackers and a critical vulnerability—only for its own senior officials to get caught red-handed using the app for war plans less than a week later     Whether or not there are legal issues it's a tale of hypocrisy, espionage, and a national security meltdown that'll leave you questioning who's really running the show and their integrity 54:23 Greenland: Usha's Dog Sled Stunt Isn't Fooling Anyone — It's Making Them MadUsha Vance, wife of VP J.D. Vance, is crashing Greenland's dog sled race uninvited but coincidentally National Security Advisor Mike Waltz, and Energy Secretary Chris Wright, will be descending on Greenland at the same time.  Now JD Vance will be joining this high-profile posse, just weeks after its election — how is Greenland reacting? 1:03:57 Trump Election Reform Executive Order: The Good, the Missing, and the Ugly Trump drops a political thunderbolt, demanding proof of citizenship to vote—or else! In a fiery executive order, he's threatening to slash election funding to states that don't comply, igniting a fierce showdown over ballots, borders, and power. Critics scream it's a digital ID Trojan horse, while MAGA cheers the crackdown on non-citizen voting. From bribing governors with COVID cash to Biden's vaccine fund threats, this isn't new—just bolder. With the DOJ and DHS on the hunt for illegals at the polls, Democrats cry foul, but Trump's betting on one thing: control. Get ready for the election fight of the century 1:15:05 Trump's New Moves: Illegal Housing Funds Slashed, Planned Parenthood Frozen, and Dept of Education Will they work? Trump slams the brakes on part of the welfare magnet for illegal immigration axing federal funding for housing illegal immigrantsPlanned Parenthood's is still getting federal money! But as babies DIE, Trump freezes, for DEI policies, $27.5 million in grants.  Could it stop their new mutilation & sterilization empire of puberty blockers and hormone chaos?DOGE is just doing a makeover of federal control of education.  Cato Institute gives 5 reasons to get rid of the Department of Education - but they're missing THE central issue1:29:04 Stablecoin Scam Ushers in Total Financial Control Through the Backdoor “Stablecoins” are CBDCs in disguise, packed with surveillance, asset-freezing, and account-blacklisting powers.  Want to know what this looks like? Take a look at this man trying to withdraw money from his bank in the UK — they demand to know what it's for and won't let him have it.  It's about control of you through your money.   Congress is debating who'll hold the reins—government or corporate fascists—your freedom's on the chopping block. 1:54:23 Gold Revaluation Bombshell: Could Trump Jack Prices to $50,000 an Ounce to Slash DebtGold shines as the last rebel holdout in the control-freak nightmare of public or private digital cash.  But what of its value?  A strategist drops a jaw-dropping theory: if the U.S. mimics FDR's 1930s gold grab and revalues it to match past debt ratios, with the government's measly gold holdings covering just 2% of its astronomical debt, gold could skyrocket from today's price to $25,000—or even $50,000—an ounce! Still, no matter the price in dollars, what physical gold brings in terms of privacy is priceless 2:05:09 LIVE comments from audience and email comments on weaponizing copyrights against free speech 2:23:48 RFKj “Handpicked” Deep State Darling Susan Monarez to Unleash AI-Powered Bio-Tyranny at CDCPersonnel IS policy.  And we can now see the evil agenda of Trump & RFKj (especially in light of Trump's “StarGate” AI-Genetic-mRNA push).  Another facet of the technocracy's radical push to move fast and break things (like your body).  Hopefully this will be a wake up call for people still putting hope in MAHA. 2:44:15 Can Iowa Stop Pharma's Legal Immunity? Will NY Force Vaccines on the Amish?States are the only place left where we may have an opportunity to stop the juggernaut of tyranny as the fight in Iowa shows.  And if we lose there, it can make things even worse than the feds as NY shows. 2:57:14 Steve Wynn's Attack on Free Speech Fails at SCOTUSThe casino grifter brought a case to SCOTUS in attempt to radically alter libel laws.   Trump wanted the same thing.  But he's still has other attacks on free speech that are active also driven by another casino billionaire who's also one of the most powerful ZionistsIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

2:30 Mistake Gives An Inside Look at How the “War Sausage” is Made     Jeffrey Goldberg, editor-in-chief of The Atlantic, is mistakenly included on a Signal chat with principals of the Trump administration and partisan warfare breaks out in Washington and the press with more bombshells dropping all the time.         From emojis celebrating war to leaked plans bypassing Congress, this explosive exposé reveals a reckless disregard for the Constitution, national security, and public debate. But there are other more important things than “national security” or competencewhat does it tell us about the character and perspectives of the participants?what does it tell us about the American War Machine?what does it reveal about how Israel is regarded by those at the highest level of government?why was this particular journalist included?will there be any accountability or will it just be each side pointing out hypocrisy of the other side?37:39 Conflicting Signals About Whether “Signal” is Allowed & Secure     The Pentagon issued a dire warning against using Signal on March 18th, citing Russian hackers and a critical vulnerability—only for its own senior officials to get caught red-handed using the app for war plans less than a week later     Whether or not there are legal issues it's a tale of hypocrisy, espionage, and a national security meltdown that'll leave you questioning who's really running the show and their integrity 54:23 Greenland: Usha's Dog Sled Stunt Isn't Fooling Anyone — It's Making Them MadUsha Vance, wife of VP J.D. Vance, is crashing Greenland's dog sled race uninvited but coincidentally National Security Advisor Mike Waltz, and Energy Secretary Chris Wright, will be descending on Greenland at the same time.  Now JD Vance will be joining this high-profile posse, just weeks after its election — how is Greenland reacting? 1:03:57 Trump Election Reform Executive Order: The Good, the Missing, and the Ugly Trump drops a political thunderbolt, demanding proof of citizenship to vote—or else! In a fiery executive order, he's threatening to slash election funding to states that don't comply, igniting a fierce showdown over ballots, borders, and power. Critics scream it's a digital ID Trojan horse, while MAGA cheers the crackdown on non-citizen voting. From bribing governors with COVID cash to Biden's vaccine fund threats, this isn't new—just bolder. With the DOJ and DHS on the hunt for illegals at the polls, Democrats cry foul, but Trump's betting on one thing: control. Get ready for the election fight of the century 1:15:05 Trump's New Moves: Illegal Housing Funds Slashed, Planned Parenthood Frozen, and Dept of Education Will they work? Trump slams the brakes on part of the welfare magnet for illegal immigration axing federal funding for housing illegal immigrantsPlanned Parenthood's is still getting federal money! But as babies DIE, Trump freezes, for DEI policies, $27.5 million in grants.  Could it stop their new mutilation & sterilization empire of puberty blockers and hormone chaos?DOGE is just doing a makeover of federal control of education.  Cato Institute gives 5 reasons to get rid of the Department of Education - but they're missing THE central issue1:29:04 Stablecoin Scam Ushers in Total Financial Control Through the Backdoor “Stablecoins” are CBDCs in disguise, packed with surveillance, asset-freezing, and account-blacklisting powers.  Want to know what this looks like? Take a look at this man trying to withdraw money from his bank in the UK — they demand to know what it's for and won't let him have it.  It's about control of you through your money.   Congress is debating who'll hold the reins—government or corporate fascists—your freedom's on the chopping block. 1:54:23 Gold Revaluation Bombshell: Could Trump Jack Prices to $50,000 an Ounce to Slash DebtGold shines as the last rebel holdout in the control-freak nightmare of public or private digital cash.  But what of its value?  A strategist drops a jaw-dropping theory: if the U.S. mimics FDR's 1930s gold grab and revalues it to match past debt ratios, with the government's measly gold holdings covering just 2% of its astronomical debt, gold could skyrocket from today's price to $25,000—or even $50,000—an ounce! Still, no matter the price in dollars, what physical gold brings in terms of privacy is priceless 2:05:09 LIVE comments from audience and email comments on weaponizing copyrights against free speech 2:23:48 RFKj “Handpicked” Deep State Darling Susan Monarez to Unleash AI-Powered Bio-Tyranny at CDCPersonnel IS policy.  And we can now see the evil agenda of Trump & RFKj (especially in light of Trump's “StarGate” AI-Genetic-mRNA push).  Another facet of the technocracy's radical push to move fast and break things (like your body).  Hopefully this will be a wake up call for people still putting hope in MAHA. 2:44:15 Can Iowa Stop Pharma's Legal Immunity? Will NY Force Vaccines on the Amish?States are the only place left where we may have an opportunity to stop the juggernaut of tyranny as the fight in Iowa shows.  And if we lose there, it can make things even worse than the feds as NY shows. 2:57:14 Steve Wynn's Attack on Free Speech Fails at SCOTUSThe casino grifter brought a case to SCOTUS in attempt to radically alter libel laws.   Trump wanted the same thing.  But he's still has other attacks on free speech that are active also driven by another casino billionaire who's also one of the most powerful ZionistsIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

Jordan Peterson sits down with bestselling author, commentator, and researcher, Dr. Corey DeAngelis. They shed light on where 50% of all state budgets are spent, the surprising stack of monopolies that strangleholds public education, the partisan lies surrounding school choice, and the truth every parent needs to know: school choice uplifts all students. Dr. Corey A. DeAngelis is a senior fellow at the American Culture Project and a visiting fellow at the American Institute for Economic Research. He has been labeled the “school choice evangelist” and called “the most effective school choice advocate since Milton Friedman.” He is a regular on Fox News and frequently appears in The Wall Street Journal. DeAngelis is also the executive director at Educational Freedom Institute, a senior fellow at Reason Foundation, an adjunct scholar at Cato Institute, a board member at Liberty Justice Center, and a senior advisor at Accuracy in Media. He holds a Ph.D. in education policy from the University of Arkansas. He is the national bestselling author of “The Parent Revolution: Rescuing Your Kids from the Radicals Ruining Our Schools.” This episode was filmed on February 28th, 2025.  | Links | For Corey DeAngelis: On X https://x.com/DeAngelisCorey?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor Read his most recent book “The Parent Revolution: Rescuing Your Kids from the Radicals Ruining Our Schools”  https://amzn.to/4h3wAeK 

Stu Burguiere looks at the hilarious phenomenon of leftist green energy nuts having to deal with owning cars built by Elon Musk as he becomes an integral part of President Donald Trump's plan to fix America after Joe Biden's destruction. The mental gymnastics on display here could compete in the Olympics! Then, Cato Institute's Scott Lincicome joins for a frank and honest discussion on the Trump tariffs. And Stu checks in on the Biden-era TikTok ban. TODAY'S SPONSOR   REAL ESTATE AGENTS I TRUST For more information, please visit http://www.RealEstateAgentsITrust.com Learn more about your ad choices. Visit megaphone.fm/adchoices