I can't stop thinking about Dave Smith's podcast regarding tariffs. Fundamentally, he is correct in his arguments.
But, I think there is a massive disconnect between what the principles of Austrian Economics states on trade and the reality we live in. The whole trade deficit thing is indeed silly, but things are massively complicated when including nation states and fiat currencies. Leaving out the politics of those two things leaves this massive gap between idealogy and reality.
I'd love to live in a world where trade is truly free, but right now, it is essentially utopian thinking.
CurrencyofDistrust / Currency of Distrust
npub1mg…3h0pm
2025-04-07 16:01:28
Author Public Key
npub1mgnw2juxex3etfpr8ja4grlz42fumt22ndjha4d8ynh76kze6g7sj3h0pmPublished at
2025-04-07 16:01:28Event JSON
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