"This Won't Last" with Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg VCs Debate: Tariffs, Taxation, Supply Chain | Keith Rabois, Logan Bartlett, Zach Weinberg, Kevin Ryan
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May 8, 2025 The hosts delve into the intricate ties between politics and technology, discussing tariffs, their economic impacts, and U.S.-China trade dynamics. Fentanyl emerges as a surprising linchpin in trade negotiations, while debates on tax policy reveal stark differences in fiscal responsibility. Conversations turn to the looming specter of populism, entitlement spending, and the pathways to achieving sustainable economic growth. They also scrutinize the pharmaceutical and auto industries, addressing labor shortages and the necessity for supply chain diversification.
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Energy Prices Drive Economic Costs
- Energy prices are a critical input to goods and services, affecting overall economic price levels.
- Drilling policies and production influence these prices, impacting the broader economy.
US Drilling Control and Oil Prices
- The US federal government influences drilling mainly through permitting, affecting oil supply and prices.
- Oil prices are globally set via commodity markets and OPEC decisions, limiting direct governmental control.
Tax Cuts Boost Revenue, Deficits Rise
- Tax cuts historically correlate with increased tax revenue by accelerating economic growth.
- However, deficits often rise because spending is not simultaneously controlled.