Hi everyone and welcome. My name is Glenn Dyson and I'm joined today by Alexander McCurris and Michael Hudson, a renowned economist.

And yeah, we really want to discuss today what the Trump administration might be aiming to achieve and to what extent it actually can be achieved if it's going the wrong

path in terms of pursuing economic recovery. There seems to be more or less a trend one,

at least suspects, which is the emphasis on attempting to cut costs to rein in the debt,

also the reluctance to engage in new wars also seems to be, to a large extent, motivated by the need to cut the costs, the overall idea

that the empire needs greater return on investment, but of course, of course also the reindustrialization

through tariffs, which has also become a very key centerpiece in what Trump's, Trump appears

to achieve. And again, one also has to keep in mind that William McKinley, the 25th president

of the United States, is commonly held up as his favorite president,

and if not one of the favorite at least.

And one can then see some of the same policy ideas,

which is the tariffs to support the industrialization in the U.S.

to provide some protection for domestic industry,

sound money, gold standard,

expansion of US economic power, the development of infrastructure.

At the last part, I haven't heard much from Trump, but this is really what we want to discuss. So I'm very happy to have, yeah, both you, Alexander and Michael with me because

I'm, it's, I guess maybe we can start with the tariffs because this is maybe one of the

more controversial or disputed issues that we're dealing with.

Again, the tariffs, they have a long history in the United States back to the American

system of protecting infant industries so they can become competitive in international markets.

So you don't have to have a low-quality, high-cost goods competing with, well, low-cost, high-quality goods, that is the mature industries.

But yeah, what likelihood do these tariffs have to succeed?

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