3/9/18 Sheldon Richman on Trump’s Tariffs

3/9/18 Sheldon Richman on Trump’s Tariffs

Executive editor of the Libertarian Institute Sheldon Richman returns to the show to discuss Trump’s new tariffs on steel and aluminum. According to Richman the major damage of Trump’s tariffs will be felt by downstream producers and the disruption to the price system. Richman details how, contrary to popular belief, technology has increased factory output in the United States while reducing factory jobs—and that the Chinese, the Mexicans, etc. are scapegoats for useful idiots. Richman then tears apart the argument that trade deficits are a bad thing. His advice? “Read Bastiat.” Scott and Richman then elucidate how trade between people makes war much less likely.

Sheldon Richman is the executive editor of the Libertarian Institute and the author of America’s Counter-Revolution: The Constitution Revisited. Follow him on Twitter @SheldonRichman.

Discussed on the show:

This episode of the Scott Horton Show is sponsored by: Zen CashThe War State, by Mike Swanson; WallStreetWindow.comRoberts and Roberts Brokerage Inc.LibertyStickers.comTheBumperSticker.com; and ExpandDesigns.com/Scott.

Check out Scott’s Patreon page.

About Scott Horton

Scott Horton is director of the Libertarian Institute, editorial director of Antiwar.com, host of Antiwar Radio on Pacifica, 90.7 FM KPFK in Los Angeles, California and podcasts the Scott Horton Show from ScottHorton.org. He's the author of the 2021 book Enough Already: Time to End the War on Terrorism, the 2017 book, Fool's Errand:Time to End the War in Afghanistan , editor of the 2019 book The Great Ron Paul: The Scott Horton Show Interviews 2004–2019 and the 2022 book Hotter Than The Sun: Time to Abolish Nuclear Arms. He’s conducted more than 5,700 interviews since 2003. Scott lives in Austin, Texas with his wife, Larisa Alexandrovna Horton.

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