Oren Cass - Understanding Trump Tariffs Through the Lens of "The New Conservatives" - The Daily Show

[TexasTowelie]

Oren Cass, chief economist at American Compass, who writes the “Understanding America” newsletter, sits down with Jon Stewart to discuss conservative economic policies of the New Right, which will be outlined in his forthcoming book, “The New Conservatives.” Cass describes a conservative shift from faith in markets, using tariffs as incentives to pursue profit that supports society, how livable wages are the key to a strong economy, and the U.S.’s ideal economic and security alliance that includes balanced trade, owning defense burdens, and keeping China out.

[NoMoreRepugs]

1. I call BULLSHIT. Republicans are NOT for the working man. Hell , here

in Florida DuhhSantis is passing legislation to let employers hire minors for less than minimum wage and at their discretion decide if they want to give them lunch/bathroom/water breaks.

[xocetaceans]

2. The first question which should be asked of any conservative economist who claims to represent a "new" way of...

...thinking is whether that individual considers the conservative economic "theory", which surrounds and is based on the Laffer curve, to be correct and whether it has worked since its formulation in the 1970s. If the claim is made that that theory is correct and should be maintained as conservative economic orthodoxy, it should be further demanded that economic evidence be provided to prove the credible assertion of that theory. In light of what will be a necessary lack of evidence to support the theory based on the Laffer curve, one will know that the economist being questioned is not really of a "new" school of thought but is rather just pushing an argument based in the ideology of cutting taxes to benefit the wealthy at the expense of the society at large.