Everybody's Wrong About Trump's Tariffs | InFi #83

April 11, 2025 • Dr. Robert P. Murphy

Murphy first dissects the dubious constitutional and economic justifications for Trump's new tariff regime. Then he explains why the US decision to leave the gold standard has more to do with trade deficits than foreign barriers. Finally, he critiques the "Triffin paradox" defense of US trade deficits.

Related:
- https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits 

- https://www.mauldineconomics.com/frontlinethoughts/do-trade-deficits-matter#triffin 

- https://equitablegrowth.org/lunchtime-must-read-when-someone-says-paul-krugman-called-for-greenspan-to-create-a-housing-bubble-back-in-2002-they-are-trying-to-say-that-they-are-either-a-fool-or-a-liar-beat-the-press