In this episode, we explore the Ricardian and Alexander gains from trade, diving into comparative advantage and capital transfers. Learn how trade drives efficiency, boosts economies, and why protectionism, like tariffs, can disrupt these benefits, with insights into modern trade dynamics.

In this episode, Art Laffer joins us to dissect how tax rates impact revenue and inequality, the role of tariffs in trade, and keys to economic prosperity. Using historical U.S. tax data, he reveals how policy choices drive growth or stagnation, from 1913 to today.