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Walk-Ins Welcome with Bridget Phetasy

E387. Why Tariffs Are Crushing Small Business | Scott Lincicome - Walk-Ins Welcome

Walk-Ins Welcome with Bridget Phetasy

Conversations with people from all walks of life.

News, Comedy Interviews, News Commentary, Society & Culture, Comedy

4.81.3K Ratings

🗓️ 23 April 2026

⏱️ 87 minutes

🧾️ Download transcript

Summary

Bridget Phetasy sits down with Scott Lincicome, Vice President of General Economics and Trade at the Cato Institute, to unpack what Trump's tariffs have actually done to the American economy. They dig into why the apocalyptic predictions didn't pan out, who's really paying the price, and how small businesses got blindsided by customs bills they never saw coming. They discuss the history of US protectionism, the difference between stated and revealed preferences, the truth about "buying Americ...

Transcript

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0:00.0

All right. I'm with Scott Lenticum, everybody. Welcome to Walkins. Welcome. Thank you for being here.

0:05.1

Thanks for having me. It's about time. Yeah, it is about time. You have a very impressive resume, and you do a lot of different things. What are you doing currently right now? Because it seems like you are a very impressive individual.

0:20.3

Well, thanks. It's quite the high bar. I'm going

0:23.7

to disappoint everybody now that I start actually giving the bio. I'm a vice president of general

0:28.9

economics and trade at the Libertarian Cato Institute in Washington, D.C. I write a couple columns,

0:37.3

one for the dispatch called capitalism with an O, because you see, I'm to play on words and I'm very witty, which is a longer form piece on economic policy that I've been doing for about six years.

0:50.7

More recently, I started writing a column for Bloomberg, which is shorter, punchier, but also

0:57.9

econ-focused stuff. In my little bit of spare time, I will go over to Duke University

1:06.1

and teach at the law school occasional classes classes on international trade law, and some stuff

1:13.3

for their political science department as well.

1:15.8

See, that did not disappoint, actually.

1:18.6

Oh, okay.

1:20.7

I became pretty familiar with you just from Twitter, and you seem like somebody who is the rare breed of person

1:29.2

that appears on podcasts on both sides of the aisles and seems to talk to kind of everyone still,

1:35.3

not many left. And where do you kind of define yourself on the spectrum of politics in this

1:43.0

moment? Yeah, I mean, I, one of the great things, I'm a

1:46.2

libertarian, and one of the great things about being a libertarian is that I really haven't changed

1:51.9

over the last two or three decades. I started as an intern at Cato back in the 1990s,

2:00.0

believe it or not. And back then, I wanted economic

2:05.7

liberty. So, you know, low taxes, limited regulation, free trade, relatively open immigration

2:13.0

as well. But I also wanted personal and social liberties. I thought gay marriage was great,

2:21.5

you know, and drug legalization and all that kind of stuff. Not because I'm a big drug user,

...

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