Manufacturing Nostalgia vs. Revealed Preferences

Bridget Phetasy sits down with Scott Lincicome, Vice President of General Economics and Trade at the Cato Institute, to unpack what Trump's tariffs have actually done to the American economy. They dig into why the apocalyptic predictions didn't pan out, who's really paying the price, and how small businesses got blindsided by customs bills they never saw coming. They discuss the history of US protectionism, the difference between stated and revealed preferences, the truth about "buying American," what modern conservatism actually looks like today, and why Americans actually love globalization even though they might not realize it. 

#TrumpTariffs #TradePolicy #walkinswelcome #BridgetPhetasy

Topics covered: Trump tariffs and small business, free trade vs protectionism, tariff history and Smoot-Hawley, manufacturing nostalgia vs revealed preference, libertarianism and economic policy, trade deficit myths, cronyism and tariff exemptions

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Walk-Ins Welcome with Bridget Phetasy - Podcast
Bridget Phetasy admires grit and authenticity. On Walk-Ins Welcome, she talks about the beautiful failures and frightening successes of her own life and the lives of her guests. She doesn’t conduct interviews—she has conversations. Conversations with real people about the real struggle and will remind you that we can laugh in pain and cry in joy but there’s no greater mistake than hiding from it all. By embracing it all, and celebrating it with the stories she’ll bring listeners, she believes that our lowest moments can be the building blocks for our eventual fulfillment.

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