Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Sunday, April 13th, and that means it's time for Long Read Sunday.

Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it,

give it a rating, give it a review, or if you want to dive deeper into the conversation,

come join us on the Breakers Discord. You can find a link in the show notes or get to bit.ly slash

breakdown pod. All right, friends, well, like it or not, we are living in

tariff land, and of course, today's Longread Sunday is about that exactly. Still, I think even for

those of you who are getting a little bit tired of this, you'll like this piece. It comes from

Gaffar Hussein, originally published in Bitcoin magazine, and is called Why Trump's Tariffs

can't fix the broken fiat system. The Trump tariffs will not revitalize the American economy like he thinks, but maybe Bitcoin

can help where tariffs can't. Let's turn it over to the AI version of myself to read the

piece and then we will come back and discuss it.

Trump's America First Platform, which he built his successful campaign around, promised to

reconfigure global trade in favor of the

U.S. This involved encouraging businesses to manufacture domestically, bringing jobs, industry,

and prosperity back to parts of the country that liberalized trade and outsourcing left behind.

The U.S. had, or so the argument goes, become more and more reliant on competitively priced

imports that were often manufactured by countries where labor and transportation is much cheaper.

This led to the emergence of Rust Belt states in which blue-collar workers saw their living

standards decline whilst the cities they lived in were hollowed out.

The chosen tactic for this grand economic reconfiguration, it seems, is trade tariffs.

...