Will 2025 Repeat the Great Depression? 'Perfect Storm' For Economic Fallout | Phil Magness

Phillip W. Magness, Senior Research Fellow and David J. Theroux Chair in Political Economy at the Independent Institute, analyzes the historical parallels and economic consequences of Trump's tariff policies, warning of potential recession risks and diminished U.S. global standing. *This video was recorded on May 7, 2025.Use my promo codes to get a 10% discount on BTC Vegas (May 27-29), the world's biggest Bitcoin conference:BTC Vegas 2025: https://tickets.b.tc/event/bitcoin-20... BitcoinAsia: https://tickets.b.tc/event/bitcoin-as... Subscribe to my free newsletter: https://davidlinreport.substack.com/ Listen on Spotify: https://open.spotify.com/show/510WZMF... Listen on Apple Podcasts: https://podcasters.spotify.com/pod/sh... FOLLOW PHIL MAGNESS:X (@PhilWMagness): https://x.com/PhilWMagness The Independent Institute website: https://www.independent.org/ Anti-Tariff Declaration: https://anti-tariff.org/ FOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TV TikTok (@davidlin_TV): / davidlin_tv Instagram (@davidlin_TV): / davidlin_tv For business inquiries, reach me at david@thedavidlinreport.com*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates. 0:00 - Intro 1:37 - Tariff consequences 3:26 - Depression? 4:50 - Tariff legal challenges 8:49 - Economic history of tariffs 13:50 - Multi-polar world 15:20 - Impact of tariff status quo 20:00 - How do tariffs work? 23:08 - The Fed’s dilemma 26:58 - Market reactions #economy #tariffs #stocks