S2 Ep1041: Justin Wolfers: Trump's Centrally Planned Economy
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Who are the hosts and guests in this episode?
Hallo und willkommen zum Buller-Podcast. Ich bin euer Host Tim Miller. Wir gehen tief auf Tariffs und die Wirtschaft heute. Wenn ihr meine Gedanken über einige der anderen Themen des Momentes möchtet, ich bin lately ein Podcast-Slut. Ich war heute auf Breaking Points. Breaking Points ist der Horseshoe-Podcast zwischen Bernie und Maga-Typen. Und also... That's interesting. We got to talk about the New York airport, David Hogg, the DNC drama, the Biden book, my political journey. So that could be interesting. If that's not your cup of tea, I was also on with Scott Galloway. I was guest hosting Raging Moderates. Hey, man. Hey. Ja, sicher.
One of my very dearest friends is part of the Labor Party government that was just reelected. Very interesting election for Americans to hear about, partly because I suspect there's not been a lot of reporting. So you go back four months ago and the opposition conservative party was in the lead in all the polls.
How did Australian politics react to Trumpism?
The leader of that conservative party, bloke by the name of Peter Dutton, decided he'd sort of run as a bit of Trump-lite. He, in particular, sort of anti-woke. Und dann hat er angefangen, sich darin zu lehnen. Woke hat Australien gewählt?
Ich wusste nicht, dass Woke untergegangen ist.
Oh Mann, es ist überall. Die Leute haben es als elektronische Strategie gesehen. Er hat die Medien getötet, die in Amerika aus der Bühne waren und immer noch sind in den stärksten Demokratien. And Australians didn't react very well to that. He decided that he'd include a Doge-like element in his election platform. And he still was in the lead. And then Trump got elected. Not only Trump got elected, Trump started his term. And the utter chaos that MAGA... was enough the Aussies looked at it and all of a sudden said they didn't want this. So they nicknamed this bloke Timur Trump. And he really only went 10% of the way down the Trump agenda, but it was enough that the Australian electorate was like, we're not having any of this.
So the left-wing party, the Labour Party, ended up not only getting re-elected, which, by the way, remember, we're on a run of incumbents getting booted out of office all around the world, but also an enormous swing towards them.
So you assess that. I sometimes wonder, as Americans, we're solipsistic, and as a never-Trumper, I've got TDS, so sometimes I'm projecting that it's more about Trump than it is, but you assess that it was really quite a bit about Trump.
It was about an Australian running on a Trumpist agenda at a moment where that didn't appear well. Look, Tim, I worry about the same thing, about me seeing things poorly from over here. So I consulted experts on this, which was my family group chat. Okay. And they were quite convinced. And it is actually the standard story now in Australia is running as Timu Trump turned out to be a mistake. Right now, Trump has determined two major international elections, Canada and Australia. Even as he moves the US to the right, he's moving the rest of the world to the left.
It's a cold comfort, but we'll take it where we can get it. Do you have any concerns that you're going to get hassled at the airport coming back in and out?
Lots of people tell me that I should be worried. I happen to be dumb enough, blonde enough and humble enough to think that there's other people far more worth hassling, but they are sort of hassling everyone these days. I'm actually in a very fortunate situation. I hold two passports and I have tenure. And I'm not relying on federal government spending. So I haven't spent 10 minutes thinking about it.
That's good. I appreciate that, actually, because I think that it's important to contextualize the threats, right? Like the threats are real, but not to panic people, right? And so I like having folks on that are clear-eyed about, you know, the degree to which you have some protections that maybe other folks don't. I was the other YouTuber.
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Chapters
8 chapters
1
Who are the hosts and guests in this episode?
0:33–2:13
2
How did Australian politics react to Trumpism?
2:13–13:27
3
What are the real effects of Trump's tariffs on trade?
13:27–19:20
4
How did the US-UK trade deal under Trump really work?
19:20–27:04
5
What is the impact of tariffs on US-China trade relations?
27:04–37:44
6
Who benefits and who loses from Trump's tariff policies?
37:44–38:57
7
How do tariffs affect everyday consumers and the stock market?
38:57
8
What is the economic lesson from the recent tariff de-escalations?
32:45–56:29
Speakers
3 identifiedMore from The Bulwark Daily
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Catherine Rampell and Stephen Witt: Can We Avert Economic Disaster and the Robot Apocalypse?
Jonathan Swan: We Only Know 5%
Bill Kristol: It Always Comes Back to Trump/Russia
Mehdi Hasan: 9/11's Fallout 25 Years Later