logo
episode-header-image
Mar 2025
32m 51s

What are taxes and tariffs?

Vermont Public
About this episode
No matter how old you are, you’re part of the economy, but it can be tricky to understand what the economy actually is. Plus, what are taxes? What’s inflation? What are tariffs and why have they been in the news so much in 2025? In this episode, we break down economic terms and concepts with business reporter Stacey Vanek Smith. Download our learning guides: PDF | Google Slide | Transcript
Up next
Nov 14
How big is a Macy's parade balloon?
<p>The Macy’s Thanksgiving Day Parade is an American tradition. It’s been going since 1924. This year marks the 99th parade (it took three years off during World War II). It’s famous for elaborate floats and huge character balloons that bob above the streets as the parade marches ... Show More
36m 4s
Oct 31
Why are there so many colors?
<p>What’s your favorite color? Where do colors come from?Why do people see colors? Does everyone see colors the same way? How many colors are there in the world? We learn about colors with Kassia St. Clair, the author of a book called <em>The Secret Lives of Color</em>. We talk a ... Show More
26m 26s
Oct 17
How is candy made?
<p>Who invented candy? Why is it so sweet? Why does hard candy melt in your mouth? How are candy corn, gummies and nerds made? What makes pop rocks pop? We talk with traditional candy makers at <a href="https://stickyusa.com/"><strong>Sticky</strong></a> in California and <a href ... Show More
19m 42s
Recommended Episodes
Mar 2025
Tariffs Are Screwing Your Wallet—Here’s How to Fight Back
Everything is getting more expensive, and it’s not just inflation. The U.S. just slapped massive tariffs on Mexico, Canada, and China, and that means your grocery bill, your next car, and even your favorite bottle of tequila are all about to cost way more. But why is this happeni ... Show More
31m 33s
Mar 2025
The Truth about Tariffs: The Ultimate Guide to Busting Inflation Myths
<p><strong>Notes from James:</strong></p> <p>I’ve been seeing a ton of misinformation lately about tariffs and inflation, so I had to set the record straight. People assume tariffs drive prices up across the board, but that’s just not how economics works. Inflation happens when m ... Show More
25m 27s
May 2025
Stephen Miran Talks Tariffs, Inflation
The White House's chief economist, Stephen Miran, believes that tariff increases will not have a lasting impact on US inflation, citing the limited effect of imports on the economy. “Imports are only 14% of the economy — the ability of those types of things to move the needle on ... Show More
7m 9s
May 2025
The Economics of Tariffs and Trade (with Doug Irwin)
<p>Is the United States victimized by trade? What causes trade deficits? Are higher tariffs a good idea? Can manufacturing jobs return to the United States? Economist Doug Irwin of Dartmouth College answers these questions and more in this wide-ranging conversation with EconTalk' ... Show More
1h 32m
Nov 2024
How inflationary are tariffs, really?
<p>President-elect Donald Trump has just announced “Day 1” tariffs on Mexico and Canada, in addition to previously promised tariffs on China. Tariffs will definitely affect domestic prices, but how much, and will they truly cause catastrophic inflation? Today on the show, guest h ... Show More
14m 41s
Jul 2025
Inflation expectations, wages & jobs: why they matter so much to markets
In this follow-up to our episode on inflation, we zoom in on one of the most underrated yet powerful forces shaping monetary policy and market moves: inflation expectations. What do people think prices will do in the future? Those expectations can actually fuel real inflation thr ... Show More
10m 15s
Feb 2025
Why Tariffs Could Crush Canada’s Economy — ft. Mike Moffatt
Ed and Scott open the show by discussing Apple’s new investment in “American innovation,” Howard Lutnik’s decision to put his sons in charge of Cantor Fitzgerald, and a new Moody’s Analytics report on U.S. consumer spending. Then Mike Moffatt, Founding Director of the University ... Show More
59m 9s
May 2025
Buy less, pay more?
This week, President Trump acknowledged his tariffs were resulting in costlier items in the U.S., but maintained his position that China was taking the majority of the heat. If people can’t afford to buy as much, might that be a recipe for recession? We’ll discuss, and answer a l ... Show More
10m 47s
Apr 2025
Will tariffs lead to a recession?
The Trump administration’s tariff moves are turning US trade policy on its head — and fueling concerns about the US economic outlook. So will tariffs send the US into a recession? And, if so, what might that recession look like? Economist and Nobel Laureate Paul Krugman, Goldman ... Show More
25m 40s