2/2: POTUS: Weaknesses and Strengths. Richard Epstein, Hoover Institution
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 2 November 2024
⏱️ 9 minutes
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2/2: POTUS: Weaknesses and Strengths. Richard Epstein, Hoover Institution
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| 0:00.0 | I'm John Batchew with my colleague Richard Epstein of the Hoover Institution, teaches law at NYU and the University of Chicago. |
| 0:06.1 | We're looking at the two candidates, the binary choice, the weaknesses and strains. |
| 0:11.0 | We turn to Mr. Trump's weaknesses, which are legion. |
| 0:14.5 | However, with this news of U.S. ads, just 12,000 jobs as hurricanes and strikes produce worst report of Biden's term is the headlines in the financial times. |
| 0:25.6 | Mr. Trump's weaknesses will be accelerated because he has some really very poor ideas, if I understand classical liberalism. |
| 0:34.8 | Let's begin with trade, with tariffs, with protectionism, with raising the |
| 0:40.3 | tariff on goods from everywhere of it, 20% and 100% if it comes from China. That's a weak |
| 0:47.9 | idea if it's classical economics. Is it a weak idea here in 2024, Richard?'s a pathetic idea i mean it's a real tragedy that |
| 0:57.2 | trump has managed to hoist himself by that uh his model is back in the 19th century when |
| 1:02.7 | government was much smaller we put a few tariffs on there and we avoided internal domestic |
| 1:07.5 | tax but given the size of government today the external taxes have to be enormous. |
| 1:14.6 | They're going to be passed forward to American consumers. |
| 1:17.3 | They're going to mean that when you have to import things in order to make subs for exports, |
| 1:21.4 | your export trade is going to suffer because the inputs you need to do it, you can't get |
| 1:25.3 | from overseas. |
| 1:26.7 | And virtually everybody I know who cares about this stuff and knows something about it, |
| 1:30.3 | says, you can't do this Phil Graham and Don Boudreau. |
| 1:33.3 | Two people did this in the New York time. |
| 1:36.3 | And they're 100% right. Do you want tariffs? |
| 1:39.3 | Well, I mean, not in this sort of general economic sense. |
| 1:42.3 | What you need to do is to have a system in which you |
| 1:45.0 | figure out what goods should be excluded for cause. And that means if somebody steals your intellectual |
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