The Grumpy Professor

In this episode we take a closer look at why tariffs will not accomplish the goals that the president has set out, and why they are actually harmful to the economy. One of the issues that we explore the whole concept of trade within the context of the Production Possibilities Curve, and how this mirrors Adam Smith's division of labor and specialization.

This episode, Tariffs Part II: Why they are harmful to the Economy can be found here: https://creators.spotify.com/pod/dashboard/episode/e31tk9s/details