Smarter Alternatives to Tariffs & Lessons from Trade History (with Scott Lincicome)

In this segment, Bill continues his conversation with Scott Linsicum, Vice President of General Economics at the Cato Institute and visiting lecturer at Duke Law. Together they cover:Smarter policy alternatives to tariffs, including full expensing, high-skill immigration, and regulatory reform.Why tariffs are politically addictive and create entrenched special interests.The dangers of trade wars: easy to start, hard to end.Key lessons from history—from Smoot-Hawley to today’s supply chain challenges.Why open trade and diverse supplier relationships make economies more resilient, not less.Scott also explains how protectionism can backfire, using the U.S. baby formula shortage as a cautionary tale. Learn more about Scott at Cato.org.Learn more about Bill at Bernardoni.media and Bernardoni.blog.