Matt Ehret: Economy of Well being Podcast, A LaRouchian Evaluation of Trump's Proposed Trade Tariffs

Matt Ehret, economic historian, investigative journalist with the Rising Tide Foundation.org with his wife Cynthia Chung joins me on the Economy of Well-being Podcast to discuss the issue of trade tariffs and Trump's latest salvo to apply 25% tariffs on Canadian and Mexican imports to the US.
Matt and I explore the long history of the subject of trade, tariffs, taxes, and economic theory covering Adam Smith, German economists Leibniz and Frederich List, American economist Lyndon LaRouche, and key Americans like Alexander Hamilton.
Are tariffs actually an important strategy for optimizing national and local production and manufacturing? Would tariffs today be sufficient to replace income taxes on labour and businesses? After all, income taxes were only introduced during WWI.
We then explore ideas of how economies and trade systems might be based on the natural or comparative advantages of nations that tied to the carrying capacity of the land and watersheds of nations. This would be an asset optimization model for economies and for trade. These are ideas explored by American economist Lyndon LaRouche in his ideas of 'physical economies' which he borrowed from the German economist like Leibniz and List from the 17th Century that have long been forgotten drowned out by the ideas of Adam Smith and the triumph of British economic imperialism.