Kyle Bass Makes the Case for Tariffs

CNBC: Tariffs are simply about national security: Hayman Capital founder

He doesn't only discuss national security, but also the costs of free trade that are ignored by economists such as opioid addiction and welfare costs from permanently unemployed workers.

I would add in the political cost of populism as those voters latch on to whatever protest vote is available. On the positive side of the tariff ledger, most economists also ignore that tariffs generate revenue for the government. If those revenues are used to abolish capital gains and cut payroll taxes, it could increase domestic GDP growth before even factoring in increased domestic production.

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