Karl Denninger returns to the podcast to discuss the costs and benefits of current and past economic actions and their ramifications.

00:31 Karl Denninger, The Market Ticker

01:56 Legacy media

12:15 Tariffs

18:42 Cheap/Free labor is evil and costly

30:48 Media manipulation and Big Pharma

40:04 Rip the bandaid off

48:50 Trump’s second term/nuclear powers

1:00:01 Tariffs and Europe

1:10:19 Look into it yourself