Rubber Meets The Road Economics: Exploring the forces shaping our economy with Professor Edwin T. Burton

19. Uncertain Times Ahead: The High Stakes of America's Economic Policies

 In this crucial episode, Hunter Craig speaks with Professor Edwin T. Burton about the alarming implications of recent U.S. tariff policies, market volatility, and America's mounting debt crisis. Professor Burton provides candid insights into why he believes markets have further to fall, the inherent dangers of current tariff strategies, and the troubling decline in foreign investment in U.S. Treasury auctions. Tune in for an eye-opening discussion about the true costs of tariffs, the urgent need for increased American savings, and actionable alternatives to avoid economic turmoil.
Episode Breakdown:
Why the stock market is poised to decline further
The direct impact of Trump's tariff policies on markets
Historical parallels and lessons from past economic crises
The weakening of foreign participation in U.S. debt markets
The urgent need for a higher American savings rate
Misconceptions about U.S.-China trade dynamics
Potential consequences if U.S. interest rates rise significantly
Critical assessment of recent Treasury auction performances
The escalating dangers of America's ballooning national debt
Solutions for sustainable economic policies and debt management
Guest Bio: Professor Edwin T. Burton is an esteemed economist at the University of Virginia with decades of experience in financial markets, economic policy, and international trade. Known for his straightforward, pragmatic analysis, Dr. Burton has educated numerous influential figures in finance and remains an authoritative voice in economic forecasting and policy critique.
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Disclaimer: The information provided on this podcast is for educational and informational purposes only. It is not intended as financial advice and should not be relied upon as such. All opinions expressed by the hosts, guests, or participants are solely their own and do not reflect the views of any companies or organizations they may be affiliated with. We recommend consulting with a qualified financial professional before making any financial decisions. Investing and financial decisions carry risks; always conduct your own research.
Call to Action: Subscribe today and stay informed about critical economic trends impacting your future.

18. Economic Shockwaves: What You Need To Know About The Impact Of Tariffs

In this episode, Professor Edwin Burton joins Hunter Craig to discuss the recent implementation of tariffs by the U.S. government and their far-reaching effects on the economy. They delve into who truly bears the cost of tariffs, the unprecedented market reactions, and the potential long-term consequences for both domestic and international financial landscapes.
Episode Breakdown:
Introduction: Overview of current economic climate and introduction to the topic of tariffs.
Tariffs Explained: Discussion on who pays tariffs and their intended versus actual effects.
Market Reactions: Analysis of the unusual market responses following tariff announcements.
International Implications: Examination of how other countries are responding and the potential global economic impact.
Historical Context: Comparison to past economic events and policies, including the Smoot-Hawley Tariff Act.
Conclusion: Final thoughts on the future of the economy in light of current policies.
Relevant Links:
U.S. Treasury Secretary’s Statement on China and Treasuries
Howard Marks on the Risks of the Trade War
Axios on Global Investment Shifts Due to Tariffs
Professor Edwin T. Burton is a seasoned economist and former Wall Street executive with decades of experience analyzing economic trends. As a professor at the University of Virginia, he bridges academic knowledge and practical expertise to shed light on complex economic topics. His optimism and deep understanding of historical and modern economics make his insights invaluable to listeners.
 
Disclaimer:
The information provided in this podcast is for educational and informational purposes only. It is not intended as financial advice and should not be relied upon as such. Always consult with a qualified financial professional before making investment decisions.
Call to Action:
Stay informed on economic policies and their real-world implications. Subscribe to Rubber Meets the Road Economics and join the conversation on how these changes affect you.

17. The Economics of Healthcare, Debt, and Social Security

As the U.S. deficit balloons toward $2 trillion annually and total national debt surpasses $36 trillion, the financial sustainability of government spending has never been more uncertain. Economist and UVA professor Edwin Burton joins host Hunter Craig to break down the underlying economic forces shaping America’s future.
 
Topics Covered:
✅ The impact of rising debt and deficits on the economy
✅ How healthcare spending is driving the debt crisis
✅ The unintended consequences of government-run healthcare
✅ Social Security’s flaws and potential reforms
✅ What policymakers could learn from private insurance models
 
Key Takeaways:
🔹 Government-run healthcare often leads to rationing and declining quality
🔹 Social Security disproportionately benefits wealthy retirees while failing lower-income earners
🔹 The absence of competitive pricing in healthcare fuels inefficiency and waste
🔹 Policy reforms could introduce more market-driven solutions to control costs
 
Financial Disclaimer:
The information provided in this podcast is for educational purposes only. It does not constitute financial or investment advice. Please consult with a professional before making any financial decisions.
 
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Email: rubbermeetstheroadeconomicspod@gmail.com

16. Tariffs vs. Free Trade: Who Pays the Price?

In Episode 16, Tariffs are back in the news.
On February 1, 2025, the U.S. announced new tariffs on Canada and Mexico—only to delay them for 30 days. What does this mean for American businesses, workers, and consumers?
In this episode of Rubber Meets the Road Economics, Hunter Craig sits down with Professor Edwin T. Burton of the University of Virginia to discuss the broader economic implications of trade policy.
Professor Burton explains how free trade creates both winners and losers—boosting economic growth overall while disrupting certain industries. The challenge for policymakers, he argues, is not to block trade but to support those who are negatively affected. Using examples from U.S. history, he highlights why tariffs tend to raise prices for consumers, disproportionately impacting lower-income households.
The conversation also turns to the U.S. national debt, currently at $36 trillion and projected to hit $50 trillion in under a decade. Professor Burton explains why healthcare spending—not defense or Social Security—is the biggest driver of America’s debt problem and why economic reforms must address this issue first.
Finally, they discuss Social Security reform, with Professor Burton offering insights on how a defined contribution model could provide better retirement outcomes while keeping the system sustainable.
Disclaimer:
The information provided on this podcast is for educational and informational purposes only. It is not intended as financial advice and should not be relied upon as such. All opinions expressed by the hosts, guests, or participants are solely their own and do not reflect the views of any companies or organizations they may be affiliated with. We recommend consulting with a qualified financial professional before making any financial decisions. Remember, investing and financial decisions carry risks, and it is important to do your own research.
Connect With Us:
Email: rubbermeetstheroadeconomicspod@gmail.com
Key Quotes from the Episode
📢 “Free trade is actually better for everyone—if you compensate the losers.” – Prof. Edwin T. Burton
📢 “Tariffs make all of us poorer, and the people who pay the highest price are lower-income consumers.” – Prof. Edwin T. Burton
📢 “If Detroit is threatened by competition, the right answer is not tariffs—it’s helping those who lose their jobs.” – Prof. Edwin T. Burton
📢 “The U.S. debt crisis is primarily a healthcare problem. If we don’t control healthcare costs, we won’t fix the debt.” – Prof. Edwin T. Burton
📢 “Social Security is fixable. Healthcare is the real challenge.” – Prof. Edwin T. Burton
 
 

15. Why the Fed Paused & The AI Shakeup That Rocked Markets

This week on Rubber Meets The Road Economics, investor Hunter Craig sits down with Professor Edwin Burton of the University of Virginia to discuss:
Why the Fed Paused Rate Hikes – The real reason behind the Fed’s decision to hold steady and why Treasury Bill yields tell us everything we need to know.
Treasury Bill Arbitrage Explained – A risk-free trade that could generate billions, if only the Fed allowed it.
AI’s Market Disruption – How three Chinese developers just upended the tech industry, and why DeepSeek might make Silicon Valley nervous.
The U.S.’s AI Spending Problem – Did American tech giants waste billions? A closer look at AI costs, market hype, and what’s next.
What To Watch Next – The yield on one- and three-month U.S. Treasury bills and what they signal for the economy.
A Must-Listen For:
* Investors tracking Fed policy and economic trends
* Tech enthusiasts curious about AI’s financial implications
* Anyone who wants a clearer understanding of economic forces shaping our world
Tune in now! 
Edwin T. Burton is a Professor of Economics at the University of Virginia. He specializes in Finance and his “Theory of Financial Markets” and “Behavioral Finance” classes are among the most popular ones in the Economics Department.
Disclaimer:
The information provided in this podcast is for educational and informational purposes only. It is not intended as financial advice and should not be relied upon as such. Always consult with a qualified financial professional before making investment decisions.

14. How Debt Spirals, Interest Rates, and Trade Policies Shape the U.S. Economy

In Episode 14 of Rubber Meets the Road Economics, Hunter Craig sits down with renowned economist Professor Edwin T. Burton to discuss pressing economic issues, including the looming threat of debt spirals, the Federal Reserve’s role in interest rate policies, and the impact of tariffs on U.S. manufacturing. They dive into the complexities of reserve currencies, tariffs, and the challenges facing the U.S. economy as it grapples with inflation and rising debt. 
 
Key Topics Covered:
What constitutes a debt spiral and how it could impact the U.S.
The role of the U.S. dollar as a reserve currency in international trade.
The economic consequences of imposing tariffs on Canada and Mexico.
Predictions for the Federal Reserve’s upcoming interest rate decisions.
The importance of balancing economic growth and fiscal responsibility.
Connect With Us:
Email: rubbermeetstheroadeconomicspod@gmail.com
 
Professor Edwin T. Burton is a seasoned economist and former Wall Street executive with decades of experience analyzing economic trends. As a professor at the University of Virginia, he bridges academic knowledge and practical expertise to shed light on complex economic topics. His optimism and deep understanding of historical and modern economics make his insights invaluable to listeners.
Disclaimer:
The information provided on this podcast is for educational and informational purposes only. It is not intended as financial advice and should not be relied upon as such. All opinions expressed by the hosts, guests, or participants are solely their own and do not reflect the views of any companies or organizations they may be affiliated with. We recommend consulting a qualified financial professional before making any financial decisions. Investing and financial decisions carry risks, and it is essential to do your own research.

13. Treasuries, Inflation, and the Fed: Economic Insights for 2025

In this episode of Rubber Meets the Road Economics, investor Hunter Craig sits down with the insightful Professor Edwin T. Burton of the University of Virginia to discuss the latest trends in the debt market, including the dramatic swings in U.S. Treasury yields. The conversation breaks down the complexities of supply and demand in economics, rising interest rates, and their implications on real estate and global markets.
From debunking myths about interest rate inversion to understanding the historical context of high yields, Professor Burton delivers clarity and actionable insights for investors and enthusiasts alike. Whether you’re curious about inflation’s impact on real estate or the Fed’s potential moves, this episode equips you with the knowledge to navigate the evolving economic landscape.
Topics Covered
Why U.S. Treasury yields are climbing and what that means for investors
How inflation and interest rates influence real estate valuations
The role of supply and demand in economic fluctuations
Understanding “flight to quality” during market turbulence
Historical perspective: Mortgage rates in the 1980s vs. today
 
About Our Guest
Professor Edwin T. Burton is a seasoned economist and former Wall Street executive with decades of experience analyzing economic trends. As a professor at the University of Virginia, he bridges academic knowledge and practical expertise to shed light on complex economic topics. His optimism and deep understanding of historical and modern economics make his insights invaluable to listeners.
 
Disclaimer:
The information provided on this podcast is for educational and informational purposes only. It is not intended as financial advice and should not be relied upon as such. All opinions expressed by the hosts, guests, or participants are solely their own and do not reflect the views of any companies or organizations they may be affiliated with. We recommend consulting with a qualified financial professional before making any financial decisions. Remember, investing and financial decisions carry risks, and it is important to do your own research.

12. The Fed, Treasury Yields, and the Real Cost of Debt

Investor Hunter Craig sits down with Professor Edwin T. Burton to unpack the latest shifts in the economic landscape. They delve into the Federal Reserve’s recent decision to lower the federal funds rate and its ripple effects on treasury yields, interest rates, and inflation. From the complexities of short-term treasury bill markets to the pressing issues surrounding the U.S. national debt and entitlement spending, this conversation illuminates the intricate connections shaping today’s economy.
 
Topics Discussed:
•The Federal Reserve’s decision to lower interest rates: implications and motivations.
•The relationship between treasury yields, repo markets, and federal funds rates.
•Why short-term treasury yields are dropping while long-term yields climb.
•A detailed explanation of the “flight to quality” and its impact on bond markets.
•The growing national debt: Can the U.S. solve its deficit without addressing healthcare and Social Security?
•Insights into the private healthcare system and the inefficiencies of the current insurance model.
•Predictions for the economy, stock market, and interest rates in 2025.
More About Dr. Edwin T. Burton
Dr. Edwin T. Burton is a distinguished professor of economics at the University of Virginia, specializing in finance with a focus on behavioral finance and the theory of financial markets. He has held senior roles on Wall Street and has been a leading figure in public service as the longest-standing trustee of the Virginia Retirement System. Dr. Burton’s popular finance courses at UVA have educated thousands of students, and he continues to provide sought-after insights at high-profile events. His publications, including Behavioral Finance, underscore his expertise in understanding complex economic systems.
Key Takeaways:
•Market Dynamics: Treasury yields, repo rates, and federal funds rates are tightly interlinked, and the Federal Reserve’s influence is limited by market forces.
•Flight to Quality: Investors’ concerns over rising interest rates drive demand for short-term treasuries while pushing long-term yields higher.
•Debt and Deficits: Without addressing healthcare and Social Security reform, the national debt crisis will continue to worsen.
•Healthcare Reform: The inefficiencies in healthcare insurance and overutilization of services contribute significantly to the ballooning national debt.
•Economic Forecast: A cautious outlook for the economy, with concerns about higher interest rates and stock market performance in the near future.
Further Resources:
•Priceless by John Goodman – An in-depth look at the inefficiencies in the American healthcare system.
Disclaimer:
The information provided on this podcast is for educational and informational purposes only. It is not intended as financial advice and should not be relied upon as such. All opinions expressed by the hosts, guests, or participants are solely their own and do not reflect the views of any companies or organizations they may be affiliated with. We recommend consulting with a qualified financial professional before making any financial decisions. Remember, investing and financial decisions carry risks, and it is important to do your own research.
Connect with Us:
Have thoughts on today’s episode or questions about the economy? Email us at rubbermeetstheroadeconomicspod@gmail.com and subscribe to stay informed about future episodes!

11. The Economic Shift: What to Expect as Policies Change in 2025

Investor Hunter Craig sits down with Professor Edwin T. Burton from the University of Virginia to decode the complexities of current economic policies and trends. In this episode, they explore the Federal Reserve’s behavior as a follower of market trends, the implications of shifting political agendas, and emerging concerns about AI and Bitcoin as economic bubbles. Professor Burton provides an insightful take on what lies ahead for the U.S. economy in 2025, making this episode a must-listen for anyone trying to navigate the evolving financial landscape.
 
Key Topics Discussed
The Federal Reserve’s expected rate cut and why it’s following the Treasury bill market
How shifting political agendas from Biden to Trump could reshape key economic sectors
Economic red flags: weakening indicators and policy-driven industry changes
The potential bubble effect in AI and Bitcoin markets
Understanding money supply, inflation, and how interest rates trigger economic movement
 
Financial Disclaimer
The information provided on this podcast is for educational and informational purposes only. It is not intended as financial advice and should not be relied upon as such. All opinions expressed by the hosts, guests, or participants are solely their own and do not reflect the views of any companies or organizations they may be affiliated with. We recommend consulting a qualified financial professional before making any financial decisions. Remember, investing and financial decisions carry risks, and it is essential to conduct your own research.
 
More About Dr. Edwin T. Burton
Dr. Edwin T. Burton is a distinguished professor of economics at the University of Virginia, specializing in finance with a focus on behavioral finance and the theory of financial markets. He has held senior roles on Wall Street and has been a leading figure in public service as the longest-standing trustee of the Virginia Retirement System. Dr. Burton’s popular finance courses at UVA have educated thousands of students, and he continues to provide sought-after insights at high-profile events. His publications, including Behavioral Finance, underscore his expertise in understanding complex economic systems.
 
Stay Connected
Subscribe to The Rubber Meets the Road Economics Podcast to stay updated on the decisions shaping our economic future. Share your thoughts and join the conversation by emailing us at rubbermeetstheroadeconomicspod@gmail.com.

10. Will the Fed Cut Interest Rates? Predictions for December 2024

Investor Hunter Craig sits down with Professor Edwin T. Burton from the University of Virginia to explore the forces driving today’s economic landscape. Together, they delve into the Federal Reserve’s upcoming interest rate decisions, the impact of tariffs on trade and manufacturing, and the complexities of government spending and national debt. Dr. Burton’s insights shine a light on critical economic policies and their implications for businesses, communities, and everyday citizens.
Key Topics Discussed
The Federal Reserve’s likely 25 basis point rate cut and its impact on the economy
Tariffs as a policy tool and their consequences for U.S. manufacturing
Economic disparities and strategies for community revitalization
The relationship between government spending, GDP, and the national deficit
Financial Disclaimer
The information provided on this podcast is for educational and informational purposes only. It is not intended as financial advice and should not be relied upon as such. All opinions expressed by the hosts, guests, or participants are solely their own and do not reflect the views of any companies or organizations they may be affiliated with. We recommend consulting a qualified financial professional before making any financial decisions. Remember, investing and financial decisions carry risks, and it is essential to conduct your own research.
More About Dr. Edwin T. Burton
Dr. Edwin T. Burton is a distinguished professor of economics at the University of Virginia, specializing in finance with a focus on behavioral finance and the theory of financial markets. He has held senior roles on Wall Street and has been a leading figure in public service as the longest-standing trustee of the Virginia Retirement System. Dr. Burton’s popular finance courses at UVA have educated thousands of students, and he continues to provide sought-after insights at high-profile events. His publications, including Behavioral Finance, underscore his expertise in understanding complex economic systems.
Stay Connected
Subscribe to The Rubber Meets the Road Economics podcast to gain insights into the decisions shaping our economic future. 
Share your thoughts and join the conversation HERE  or by emailing us at rubbermeetstheroadeconomicspod@gmail.com.