Zero Hedge Podcast: Rob Bernstein Interviews David Stockman

Welcome to the first-ever Zero Hedge podcast, hosted by Rob Bernstein of Run Your Mouth and Part of the Problem! In this episode, Rob sits down with David Stockman, renowned economist and author, to dive into critical economic and policy issues shaping the U.S. landscape.

We explore Trump’s “Big Beautiful Bill,” the decline of U.S. manufacturing, the impact of Trump’s tariffs, immigrant labor, and much more. Don’t miss this insightful conversation!

Follow David Stockman’s work on Substack: https://davidstockman.substack.com/
Check out Rob's tour dates at: www.porchtour.com
Sub to zerohedge.com/premium for exclusive debates.

Here are Timestamps:

0:00 - Introduction: Rob Bernstein launches the new Zero Hedge podcast and introduces guest David Stockman, praising The Great Deformation and Contra Corner.

6:06 - Trumpomics Critique: Stockman describes Trumpomics as a "dog's breakfast," lacking cohesion, and criticizes its protectionism and tariff policies.

13:00 - Tariffs and Economic Emergencies Act: Discussion on Trump’s proposed tariffs, potentially a $1 trillion tax burden, and misuse of the 1977 Economic Emergencies Act.

19:20 - Elon Musk and BBB Rejection: Stockman highlights Elon Musk’s rejection of the "Big Beautiful Bill" (BBB) as an “abomination” and the failure of proposed budget cuts.

26:30 - Federal Reserve’s Role in Manufacturing Decline: Explanation of how the Fed’s inflation policies priced U.S. manufacturing out of global markets.

31:13 - End of Quantitative Easing: Stockman discusses the Fed’s shift to quantitative tightening since March 2022, signaling the end of market rigging.

37:09 - Fed as Deficit Enabler: Trump’s criticism of the Fed is noted, with Stockman arguing the Fed enabled unsustainable deficits through money printing.

44:59 - Market Distortions and Speculation: How speculators front-running central banks exacerbated market distortions, with risks of a bond market crash.

51:06 - Migrant Labor Importance: Stockman explains the need for migrant labor due to demographic shortages and proposes a rational immigration policy using consulates.

59:35 - America First and Autarky Critique: Addressing the "America First" push for domestic labor, Stockman argues it raises prices and requires heavy government intervention.

#ZeroHedge #Podcast #DavidStockman #RobBernstein #Economics