Why You're Getting Poorer: Major Slowdown Ahead | Donald Boudreaux

Donald Boudreaux, Professor of Economics at George Mason University and Getchell Chair at the Mercatus Center, discusses how Trump's tariffs will slow economic growth, debunks myths about American capitalism's alleged decline, and warns about the dangers of rising deficit spending. *This video was recorded on June 10, 2025.Subscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34sListen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-reportFOLLOW DONALD BOUDREAUX:Cafe Hayek blog: https://cafehayek.com/Hayek Program at Mercatus Center: https://www.mercatus.org/hayekprogramEconomics Dept. at George Mason: https://economics.gmu.edu/FOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tvInstagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/For business inquiries, reach me at [email protected]*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.0:00 - Intro0:54 - Tariffs and World Bank projection3:55 - Legal limits for tariffs8:11 - “China Stole Our Jobs” myth9:50 - Manufacturing17:39 - Book spotlight21:04 - Taxes, deficits, and future living standards25:04 - Deficits and stock market correlation?28:56 - Debt, inflation, and next crisis35:18 - Advice during economic uncertainty41:44 - Harvard situation#economy #tariffs #trade