The Truth about Tariffs: The Ultimate Guide to Busting Inflation Myths

I’ve been seeing a ton of misinformation lately about tariffs and inflation, so I had to set the record straight in the latest episode of The James Altucher Show.

People assume tariffs drive prices up across the board, but that’s just not how economics works. Inflation happens when money is printed, not when certain goods have price adjustments due to trade policies.

In this episode, I explain why the current tariffs aren’t a repeat of the Great Depression-era Smoot-Hawley Tariff, how Trump is using them more strategically, and what it all means for the economy. Also, a personal story: my wife’s Cybertruck got keyed in a grocery store parking lot—just for being a Tesla. I get into why people’s hatred for Elon Musk is getting out of control.

Let me know what you think — and if you learned something new, share this episode with a friend (or send it to an Econ professor who still doesn’t get it).

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Chris Campbell:

AI Wars: Trump, Musk, and the Future

AI is overhyped and undervalued. A bubble and the greatest wealth creation event of our lifetime. For some, it's already too late. For others, it's still early. Today's biggest winners might be tomorrow’s biggest losers.

One thing we do know: 2025 is when AI hits the “insanity” button. (That's why next Tuesday at the "Tech's Turning Point" event, me and the rest of the Altucher group want to make sure you’re as prepared as possible for what’s to come.)

The thing is, Trump, Musk, Marc Andreessen, David Sacks—they all believe in accelerationism. The idea: AI is going to move fast, so trying to slow it down is pointless. Better to unleash it and deal with the consequences later.

So the next two to three years are going to define the century. AI is going to move faster than any technology in human history. And it’s going to be full of contradictions.

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Ray Blanco:

SpaceX Denies Starlink 'Take Over' of Verizon's $2.4Bn FAA Contract

SpaceX, the rocket company owned by Elon Musk, has denied reports that its Starlink would "take over" existing contracts at the Federal Aviation Administration (FAA) – contrary to reports that the FAA was "close" to canceling a $2.4 billion contract with Verizon to upgrade the air traffic control systems and was considering awarding the work to Starlink instead.

SpaceX said it is "working in coordination" with L3Harris Technologies – the prime contractor for the FAA’s telecommunications infrastructure – and the FAA to test the use of Starlink "as one piece of the infrastructure upgrades so badly needed, along with fiber, wireless, and other technologies." 

Democrats have pointed to reports that the FAA could cancel the contract with Verizon to upgrade the air traffic control system and give it to Starlink. They have suggested that it would pose a serious conflict of interest for the Trump administration.

Transportation Secretary Sean Duffy said that Musk's Starlink is only "part of a solution" for upgrading air traffic control systems. He said Starlink can be helpful at some terminals, such as in Alaska, where the FAA is testing Starlink at "non-safety-critical sites."

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