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
• 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