Price of Business Show: Phil Magness on Executive Power, Tariffs, and Proposed Welfare Expansion
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Phil Magness.
On a recent Price of Business, Host Kevin Price visited with Dr. Phil Magness of the Independent Institute.
In this episode of the Price of Business Show, host Kevin Price interviews Dr. Phil Magness from the Independent Institute to examine recent economic proposals and executive policy shifts.
- Tariffs and Legal Authority: They critique the administration’s tariff policies, noting that revenue claims fail to account for legal limits and court-ordered refunds stemming from unconstitutional executive overreach.
- Proposed $5,000 Dividend Checks: Magness and Price address the proposal to distribute $5,000 checks to Americans—funded supposedly by tariff revenue—highlighting that the total cost (approx. $1.5 trillion) far exceeds any actual revenue collected and exacerbates national debt.
- JD Vance and “Right-Wing Social Policy”: They discuss Vice President JD Vance’s backing of expanded welfare initiatives, such as a proposed $9,000 stipend for stay-at-home parents by reinterpreting existing 1990s childcare laws rather than seeking Congressional approval.
- Economic Realities: The conversation underscores how both left- and right-wing social engineering undermine free markets, women’s economic participation, and long-term fiscal stability.
Phillip W. Magness is the David J. Theroux Chair in Political Economy at the Independent Institute. He is an economic historian, specializing in the United States, and the author of multiple books including “The 1619 Project Myth” and “Cracks in the Ivory Tower: The Moral Mess of Higher Education.” He holds a PhD from George Mason University’s School of Public Policy
Twitter: @philwmagness
Websites: http://www.independent.org and http://anti-tariff.org
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