Trade wars don't make winners – they create mutual losers. That's the stark reality emerging from our deep dive into the Trump administration's tariff policies and their dangerous economic consequences. The White House justifications for escalating tariffs rest on a fundamentally false premise: that the United States faces systematically unfair treatment in global trade. This narrative represents a socially constructed straw man argument rather than economic reality. By examining the evidenc...
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Trade wars don't make winners – they create mutual losers. That's the stark reality emerging from our deep dive into the Trump administration's tariff policies and their dangerous economic consequences. The White House justifications for escalating tariffs rest on a fundamentally false premise: that the United States faces systematically unfair treatment in global trade. This narrative represents a socially constructed straw man argument rather than economic reality. By examining the evidenc...
Heuristics in Action: When Experience Meets Decision-Making
Chain Reaction
21 minutes
4 months ago
Heuristics in Action: When Experience Meets Decision-Making
Ever relied on a mental shortcut only to stumble because it wasn't quite right for the situation? That's precisely what we dive into in this episode about heuristics—those mental rules of thumb that help us navigate complex decisions in supply chain management. The 80-20 rule, ABC inventory classification, recent supplier performance—these are just a few of the heuristics that make our decision-making more efficient. But there's a shadow side to these mental shortcuts. The availability heuri...
Chain Reaction
Trade wars don't make winners – they create mutual losers. That's the stark reality emerging from our deep dive into the Trump administration's tariff policies and their dangerous economic consequences. The White House justifications for escalating tariffs rest on a fundamentally false premise: that the United States faces systematically unfair treatment in global trade. This narrative represents a socially constructed straw man argument rather than economic reality. By examining the evidenc...