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Trade
Capitalism vs. Socialism: The Truth About America’s Mixed Economy
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Episode Description
In this episode of The P.A.S. Report Podcast, Professor Nicholas Giordano sits down with economist and author Richard Salsman to dissect the myths and misconceptions surrounding capitalism. They break down how tariffs act as hidden taxes on consumers, the Federal Reserve’s role in fueling inflation, and why America hasn’t been a pure capitalist nation in decades. The conversation dives into the dangers of government intervention in both the economy and education, the national debt crisis, and the urgent need for school choice to restore economic literacy. This is a must-listen for anyone who wants to understand the real differences between capitalism and socialism, and how government overreach is undermining both our economy and our freedom.
Episode Highlights
- Why America’s mixed economic system is drifting further from capitalism.
- How tariffs, the Fed, and political manipulation of interest rates hurt everyday Americans.
- The education system’s failure to teach the truth about capitalism vs. socialism.
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Who’s to Blame for America’s Collapsing Infrastructure and Broken Trade Policy?

Episode 631- Who’s to Blame for America’s Collapsing Infrastructure and Broken Trade Policy?
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Episode Description
In this episode of The P.A.S. Report, Professor Nick Giordano exposes who’s to blame for America’s collapsing infrastructure and broken trade policies that have left America weakened. This despite trillions spent. From FAA radar blackouts and floppy disk-era technology to lopsided trade deals and slush funds, it’s clear the political class is more interested in serving special interests than fixing what’s broken. As politicians transferred billions of dollars overseas to build 21st-century airports, roads, and walls to protect foreign nations, our own skies remain unsafe and they have allowed our border to remain wide open. This episode breaks it all down with sharp analysis, real numbers, and unapologetic truth.
Episode Highlights:
- Trump – Starmer trade agreement signals a shift toward rebalancing decades of failed global economic policies.
- The shocking state of FAA infrastructure: radar outages, copper wires, and eBay-sourced parts.
- Remember former President Biden’s $1.2 trillion infrastructure bill? Where the money really went, and why most of it had nothing to do with infrastructure.
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China: A Threat to U.S. Hegemony
Episode 11 Show Notes- China and the Global Threat
Episode Description
This week, Professor Giordano explores the real global threat: China. Exploring China’s rise to power, Professor Giordano provides an in-depth examination of the threat China poses to the world and how the United States is trying to blunt China’s power. The PAS Report continues to discuss issues of importance that the negligent news media ignores. We also examine the current challenges China faces, including Hong Kong, tariffs, and more. [Read more…] about China: A Threat to U.S. Hegemony


