Michael Knowles (23:32)
Beautiful answer. And Wyden's response to this, which was cut off, is, well, that's just all so academic. That sounds a little too academic for me. But I think tariffs are gonna just pass on prices, price increases to the American people. Well, sure, it is academic or it's scholarly or it's intelligent, I guess. Yeah, it is. And Besant clearly knows what he's talking about here. But this exchange to me typifies just, it typifies the usual debate over tariffs in America and it also typifies each side because the pro tariff side is bringing serious economic arguments, is actually drawing on political philosophy even beyond economics because we are not a society that serves a market, but rather we are a society that has a market to serve us and our political ends. And the anti tariff side, the pure pro free trade side, is making arguments that are really not much more sophisticated than whatever they were taught by their seventh grade history teacher. That's where I think a lot of it comes from. I think most people, if they've ever heard the word tariff, heard about it in seventh grade history class and what they were taught is that we used to have a mercantile kind of economic system, then we had this kind of economic protection into the 19th and early 20th century. But then we discovered free trade, and free trade was really great. We kind of had discovered it a little earlier, but we didn't really put it into practice. And then it worked, and it was really great. And tariffs are always bad, and free trade is always good. And Trump, in his commonsensical, not academic way, pointed out the flaw in this argument. In 2016, he said, hold on. If tariffs are always bad, how come every other country uses them? And by the way, we use them sometimes, too. George Bush protected steel. Ronald Reagan protected steel. So if tariffs are always bad, how come all of our adversaries, many of whom are killing us on trade, use tariffs? And yet Scott Besant gives a great answer there. He said, well, because tactically they work sometimes. And actually those price hikes are not always passed on to the American people. There are lots of good reasons for tariffs from the standpoint of national security. We learned this during COVID You cannot be totally reliant on a foreign country, much less a foreign adversary for your manufacturing, for your medicine, for your technology, for your food. In some cases, that's crazy. Cause then the moment that a conflict breaks out, you're gonna starve and you're gonna die of your diseases and you're not gonna have any resources that you need. But even from an economic standpoint, gutting your entire manufacturing base might not be a great thing. Even from an economic standpoint, not protecting your vital national industries might not be a great thing. Because as Besant says here, you might have countries like China that are dumping some of their goods below market prices to try to gain market share, illegally violating trade treaties. And then what are they going to do? The moment that they've totally captured the market, then they're gonna have control. They can do whatever they want. They can hike the prices, they can do whatever they want, or they can steal your intellectual property. It's another way that China's violated trade treaties and so on and so forth. And it's not just China. There are a lot of other countries that are cheating on trade too. This is an example of an issue where I think there's so many people who were just raised in late 20th century right wing propaganda that said, now beep, boop, beep, boop. Tariffs always bad. We love free trade all the time. Well, hold on. Abraham Lincoln founded the Republican Party practically, and he said that if you gave him a tariff, he would give you the greatest country in the world. Republicans were largely in favor of protection for A long time. Maybe there's a reason for it. I'm not saying that we don't trade with anyone. I'm not saying that trade is a bad thing intrinsically. But, guys, come on, let's restore a little bit of prudence here. Love it. Besant really humiliated those Democrat senators, and I think he's gonna be a good treasury secretary. More Trump picks. Trump has named his ambassadors to Hollywood. Do you do a double take? Ambassadors to Hollywood. What's that? He says, it is my honor to announce Jon Voight, Mel Gibson and Sylvester Stallone to be special ambassadors to a great but very troubled place, Hollywood, California. They will serve as special envoys to me for the purpose of bringing Hollywood, which has lost much business over the last four years, to foreign countries, back bigger, better, and stronger than ever before. These three very talented people will be my eyes and ears, and I'll get done what they suggest. It will be like the United States of America itself. The golden age of Hollywood. I love it. First of all, why do we have ambassadors to Hollywood? Because we have ambassadors to all hostile foreign territories. If we're going to have ambassadors to, I don't know, Botswana or something, we might as well have them to Hollywood also, because see this here when he talks about the golden age of Hollywood. The golden age of Hollywood was an era in which Hollywood had to play ball according to national standards and norms. Sometimes it was suggested that the government ought to enforce these standards and norms. And then in response to threats from the government, Hollywood said, no, no, no, don't worry, we'll censor ourselves. And I know that censorship word is supposedly a bad word on the right. It's not a bad word to me. But it is kind of weird that during the period in which Hollywood censored itself, when we had the Hays Code, we had most of the greatest movies ever made. Just name off the top of your head, the very greatest movies ever made. With some exceptions, maybe with the Godfather is an exception, which was made afterward. Those were the greatest movies ever made. Maybe there's something to it. Maybe there's something to rhyme and meter and limits that actually allows an industry to grow. Because, by the way, before we had Hollywood self censorship, we had this era of completely degenerate movies. Like, you know that movie, what's it called, Freaks? The one where it's like Oogel Boggle. Oogle Boggle. One of Us, One of Us. And it was all kind of obscene and weird and creepy and filthy. Those are not the movies that play on Turner Classic Movies. Those are not the ones that you go back and stream and rent. They were no good. You want a golden age of Hollywood, let's send especially these guys. These guys are each in their own lanes. Jon Voight, Mel Gibson, Sylvester Stallone, great, great actors and filmmakers. I absolutely love it. Now, big question, big, big question here. Who is going to be the next senator from Ohio? Because J.D. vance is the vice president. He's going to be the vice president as of Monday. So there's an open Senate seat in Ohio and President Trump has just. Vivek Ramaswamy. Mm. How's that for a cliffhanger? I wanna talk about it more, but we gotta get to the mailbag. So maybe we'll talk about that on Monday. Monday is the big day. The Daily Wire. We'll be covering the inauguration live from D.C. bringing you every moment as Donald J. 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