Starting Strength Radio Tariffs, Trade, and Tension with Karl Denninger | Starting Strength Radio #314
Apr 25, 2025
Karl Denninger, longtime financial commentator and Market-Ticker author, explains tariffs as fiscal tools and how they reshape trade and industry. He discusses media bias, supply-chain risks, rare earths and geopolitics. He also covers healthcare monopolies, corporate incentives, and immigration enforcement as economic levers.
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Wire Services Lose Special Access
- Karl Denninger argues wire services moving behind paywalls removes their special access and undermines press access norms.
- He says revoking AP privileges equalizes them with paywalled outlets and the courts didn't block the change.
Cronkite's Tet Coverage Changed Public Perception
- Karl recounts how Walter Cronkite's Tet reporting shifted US opinion during the Vietnam War.
- He says later data showed the portrayal was misleading about who was winning the fighting.
Tariffs Aren't Inflation If Revenue Cuts Deficit
- Denninger explains tariffs are taxes but not inflationary because inflation is a monetary phenomenon tied to deficit spending.
- He says tariff revenue reduces deficits and therefore offsets price impacts economy-wide.
