Lance Roberts interviews John Tamny, author, economist, and editor of RealClearMarkets. Tamny’s provocative new book, Deficit Delusion, reframes how we think about debt and growth. He makes a bold case: Trump-style protectionism and fear-driven immigration policies are economically self-defeating—even for conservatives.
Trade is the greatest foreign policy mankind has ever devised, plus it's great for workers as is any scenario that expands the division of labor.
$36.1 trillion Government Debt is not a crisis—it’s a sign of U.S. strength & investor confidence about the U.S.'s future, it’s not weakness.
1:55 - Will the Debt Spiral spark a financial crisis?
4:03 - What is the debt relative to economic growth?
5:18 - The Uber Analogy & Expectations of Debt
8:40 - What are we NOT doing because of Excessive Government Debt?
12:30 - The Premise of Productive Debt & Economic Growth
16:33 - The Danger of Government Spending Cuts
18:40 - The Dark Side of the Flat Tax
22:25 - GDP: The Most Fraudulent Number in Economics
25:58 - What is the "right" tax rate?
28:46 - We Need to Fund the 'nut jobs'
31:09 - Why taxes should be cut for everyone
33:33 - How long before the first, one-man "unicorn" $1B company?
37:13 - The Debt Crisis Isn't the Thing to Worry About
Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w John Tamny, Editor/Real Clear Markets
Produced by Brent Clanton, Executive Producer
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Watch today's video on YouTube:
https://youtu.be/Hm6yNkNtC0Q
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Articles mentioned in this report:
"Greg Mankiw's Solutions Would Expand Federal Debt"
https://www.realclearmarkets.com/2025/08/12/greg_mankiws_solutions_would_expand_federal_debt_1128148.html
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