The David Lin Report Why You're Getting Poorer: Major Slowdown Ahead | Donald Boudreaux
Jun 18, 2025
Donald Boudreaux, an economics professor at George Mason University, dives into the impact of tariffs on economic growth, warning that they threaten prosperity. He dispels the myth that American capitalism is in decline, attributing job losses more to technology than trade. Boudreaux also highlights the dangers of rising budget deficits, discussing how they could burden future taxpayers and lead to crises. Plus, he offers career advice for graduates navigating a challenging job market influenced by trade wars and AI.
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Reshoring Raises Prices and Costs
- Forcing companies like Apple to manufacture in the U.S. will raise prices for consumers.
- Reshoring manufacturing makes products less efficient and depresses output in other sectors.
Taxation and Economic Growth
- Higher taxes generally reduce economic output.
- Broad-based, low-rate taxes are better than targeted high taxes that lead to economic engineering and uncertainty.
Deficits Burden Future Living Standards
- Rising federal deficits will burden future Americans via higher taxes, reduced services, or inflation.
- Bipartisan fiscal irresponsibility threatens economic stability and growth.
