Kent Smettes, faculty director of the Penn Wharton Budget Model, challenges the narrative that tariffs are a tool to protect domestic industry. In a recent interview with wealth, Smettes backed what he said was his long-standing view that large-scale tariffs are a “dirty VAT” (value-added tax) — a policy he believes is far more damaging … Read more
Ozalp/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. Tesla CEO Elon Musk just issued a dire warning to Americans. In an appearance on February 5 at Dwarkesh PodcastMusk said America is headed for bankruptcy as its national debt continues to rise. “We will go 1,000% … Read more
Mark Cuban has an idea for how to stop the $38 trillion national debt runaway train, and it has a lot to do with the online pharmacy company he founded in January 2022. On Christmas Eve, the billionaire investor posted on X about his frustrations with the insurance market. Insurers and providers, according to Cuban, … Read more