Latest / Words & Numbers / Episode 435: End of a Bromance
Transcript
- 0:00Hi, I'm James and I'm Anthony and this.
- 0:02Is words and numbers brought to you by the fine people at Poly
- 0:10Hymnia Ant what's new and exciting in your world this
- 0:13week? And I'm just going to warn you
- 0:14before you even start that if what's new and exciting in your
- 0:18world is also what's new and exciting in my world, we're
- 0:22going to throw down. Oh, I doubt it is.
- 0:24I'm going to talk about space. Well, there you go.
- 0:28It's never happened that we've chosen the same thing.
- 0:31We've both showed up having chosen nothing.
- 0:34Right, yes, I occasionally just forget that I'm supposed to do
- 0:37this. But OK, if we have to go back to
- 0:40property rights on the that word I'm not allowed to say moon,
- 0:45then OK, here, have at it. Well, before I start, I want to
- 0:50give a shout out to listeners Pat and Kathleen Park.
- 0:54I got a call, as I do in my new life here, to go out to Kansas
- 1:00and give a talk for my new employer on the things I talked
- 1:05about. And I got note back that two of
- 1:09the people involved with my talk out there are looking forward to
- 1:13me coming out. They enjoy listening to the
- 1:15podcast, to which I just naturally assumed it was my
- 1:17employer's podcast because I do it once every three-week episode
- 1:21there. And nobody enjoys that.
- 1:23Their words and numbers listeners it.
- 1:25Was great. That sounds more like.
- 1:28So my 2 worlds collide, not that your.
- 1:31Other podcast is horrible. It's just, you know, kind of
- 1:34dry. Well, it's for a particular
- 1:36niche audience. It's not more general like words
- 1:39and numbers. It lacks.
- 1:42Oh, what's that word? I'm looking for you.
- 1:44It lacks you. James that's right.
- 1:46It lacks me. That's exactly right.
- 1:49Anyway. Though my interesting thing this
- 1:52week, and I've been watching this for a number of years,
- 1:56there's technology that's evolving that enables you to
- 2:01transmit power wirelessly. And you could, I don't know if
- 2:06you still can, but at least as of two years ago, you could buy
- 2:09these devices and you plug one in one place and one another and
- 2:13transmit energy via microwave or something.
- 2:16Apparently there's a lot of loss, but that's all beside the
- 2:19point. The interesting thing is there
- 2:21have been advances now in this technology such that researchers
- 2:27anticipate we're going to be able to put satellites in orbit
- 2:32that are basically solar collectors.
- 2:34And of course, being in orbit as a solar collector, you're
- 2:37getting two to three times as much energy as you get on Earth,
- 2:41and you're getting it 24/7 because you don't go into the
- 2:45night side of Earth, collect this energy, beam it down.
- 2:50So in effect, we would have a bunch of power generating
- 2:55stations in space, beaming the power down to earth.
- 2:59And I'm thinking about in terms of my new found life where we
- 3:03deal with rural electrification. And while I can imagine that
- 3:08upsetting power generation, I don't imagine it's going to have
- 3:13any effect on Power Distribution because beaming the power down
- 3:17is not like you're going to beam it to every individual house.
- 3:20You're going to have to beam it to some central location that
- 3:23then distributes it out to houses along conventional wires.
- 3:27That's interesting business. Yeah, this is the kind of thing
- 3:29we could be looking forward to in the next 10 to 20 years.
- 3:33The thing that revolutionizes everything is never the thing
- 3:37that people were looking for in the 1st.
- 3:39Place right. It's always something out of
- 3:40left field. That's right.
- 3:42And you know, who cares if there's massive loss from there
- 3:47to here, It was all free anyway. Right.
- 3:50So you lose, you know, whatever it is they claim it's 5% power
- 3:54loss. I'm sure that in practice it's
- 3:56going to be more than that. Oh.
- 3:57I'm sure it's way, way more than that, but nonetheless, who
- 4:01really cares, right? As long as the collection
- 4:05mechanism doesn't cost infinite dollars.
- 4:08Right, right, yo. Should work out OK.
- 4:10This takes me back to an episode we recorded maybe a couple of
- 4:14years ago with Lynn Keesling. Do you recall that?
- 4:17I remember I was just thinking about that the other day.
- 4:19Yeah, she came on and was talking about energy and what if
- 4:21the big points that she made that I hadn't appreciated up
- 4:25till then was that you shouldn't rely on a single power source.
- 4:30You need a portfolio of power sources, some nuclear, some
- 4:34wind, some solar, some whatever else, because none of them are
- 4:38going to be working 24/7 all the time.
- 4:41Yeah. If only we could extend that
- 4:43logic to the distribution service, but we're never getting
- 4:48multiple distribution networks in place given the history that
- 4:53we've got. But at all of this raises a very
- 4:57interesting question for me. When the hell am I going to be
- 5:02able to put my printer in my closet?
- 5:07Put it in your closet. Yeah, you started by explaining
- 5:11that we can beam electricity from one place to another.
- 5:15I have any number of problems in my own house, but I have to put
- 5:19things where the outlets are. Yeah.
- 5:23I don't want to put things where the outlets are, I want to put
- 5:25things where I want them. Well, isn't that interesting?
- 5:28You can imagine at some point in the future people having houses
- 5:32with these things in the wall. People say, what is this?
- 5:34Well, that's an electrical outlet.
- 5:35We used to use those. Yeah, you used to have to plug
- 5:38into the wall. Kind of like phones.
- 5:40Right. Well, that's the thing.
- 5:41I was going to say. Any listener who thinks that's
- 5:43strange. James and I grew up with the
- 5:45phone attached to the wall. Yeah.
- 5:47It would never occur to anybody that you could, you know, take
- 5:50it with you and drive down the road.
- 5:53That's just a bunch of crazy drug talk, right?
- 5:56Right, right. I mean, that was the stuff of
- 5:58science fiction. Yeah.
- 6:00Look, I'm interested where this all leads.
- 6:02I don't know, but it's interesting.
- 6:05Also interesting is that crackpot neer do well autocrat
- 6:12Javier Molay. Did you see him visiting the
- 6:14Pope? No, no, no, no.
- 6:16Now hang on. He's president of Venezuela,
- 6:19Argentina. Argentina.
- 6:21He's the one who implemented all of the classical liberal
- 6:25approaches to economic things and turned an entire country
- 6:29around, even though everybody there said it would never work.
- 6:32Yep. Well, he went and visited the
- 6:35Pope yesterday and brought him a copy of Hayek's Fatal Conceit.
- 6:40Oh, superb, superb. So not only did he go visit the
- 6:44Pope, he showed up with pretty good books.
- 6:48He brought some by DeSoto as well.
- 6:51So. Man, if I had seen that coming I
- 6:53would have sent him a dozen copies of our book.
- 6:57Just for giggles, maybe? Well, maybe we could just send
- 7:00them straight to the Pope. Well, I've tried that before, I
- 7:03get no response. You sent the Pope a book.
- 7:06Francis Yeah. Well, Francis couldn't read.
- 7:10Let's try this one. Yeah.
- 7:13Queue up the hate mail. I don't care.
- 7:16I got so much hate mail over Pope Francis.
- 7:18I don't even care. You go right ahead, fire up your
- 7:21fountain pens and let me have it good.
- 7:23Which, of course, Aunt, brings us to the foolishness of the
- 7:27week. And I try to keep the
- 7:29foolishness fresh. There's always something stupid
- 7:34going on in the world, right? Always.
- 7:36Like I always say, the politicians are the gift that
- 7:39keeps right on giving. You can't go a week without
- 7:42having something that's so incredibly stupid coming out of
- 7:46the nattering class or the ruling class.
- 7:50But today it's going to be the nattering class because I've
- 7:54got, well, it's going to 1st be the nattering class and then be
- 7:57the ruling class because I've got 2 headlines from two
- 8:02different news sources about the same story.
- 8:08Would you like to hear Fox or MSNBC first?
- 8:13Let's do MSNBC first. MSNBC says do you even vote,
- 8:22bro? Democrats should look for new
- 8:24voters at the gym. Speaking with American Men is a
- 8:29Democratic initiative to win young men, a group Democrats
- 8:32lost ground with in 2024. All right.
- 8:39I've got nothing negative to say about that.
- 8:41I mean, if you're out there courting these guys, you're
- 8:44going to have to necessarily shift your platform a bit.
- 8:48I think that's going to be a good thing.
- 8:50Well, perhaps, but our friends over at Fox and I can just hear
- 8:56the sphincters constricting out there because everybody knows
- 9:01that no matter what happens, I pick on Fox and I'm somehow a
- 9:05closet Democrat, right? We've all heard these things.
- 9:09But Fox? For their part, here's their
- 9:13headline. Dems dropped $20 million on
- 9:16bizarre American men's strategy in effort to dig out of 2024
- 9:20political hole Both of these things are talking about the
- 9:25same thing. Yeah, yeah.
- 9:27On the one hand, it's let's be hip and trendy and court young
- 9:32male voters by going to the gym. Do even vote, bro?
- 9:37Who the hell talks like that and why are they as stupid as they
- 9:41apparently are? But then I have to tell you,
- 9:45Aunt, I think the Fox headline much more carefully, completely
- 9:49captures the essence of this story.
- 9:53The Democrats are spending $20 million on this goofy nonsense.
- 10:00The Speaking With American Men Project, or Sam as they like to
- 10:05call it, a bunch of fools to figure out why it is that men
- 10:11have no use or less use with each apparent year for the
- 10:15Democratic Party. Well, I mean, come on.
- 10:18And if they? Would like that information.
- 10:21Pennies on the dollar. They should give us a call.
- 10:24They spent the past 20 years of vilifying men.
- 10:28Aunt, you're getting much further into this than is
- 10:31necessary. They're spending $20 million to
- 10:35figure out why they're a pack of morons.
- 10:38Well, I'll tell you for almost free.
- 10:42Not free, but almost. Free 20,000,000, neither here
- 10:46nor there as far as I'm concerned.
- 10:48I look at it as a good thing that they're asking the
- 10:50question. Come on man.
- 10:52We talked last episode about the need for the two parties to
- 10:56capture the center, to move more to the center away from the
- 10:59edges. And look, if they take this
- 11:02seriously, it's going to push them in that direction.
- 11:05OK, they're not taking it seriously.
- 11:07They will never take it seriously.
- 11:09They think they already know what the problem is.
- 11:12And the problem isn't them. It's American men.
- 11:15Oh, I. See.
- 11:17They're not going out asking what's the problem with us.
- 11:20They're going out asking what's the problem with you.
- 11:23Well, they are theoretically asking, but the way they behave,
- 11:28they're not looking for answers. They're looking to tell us what
- 11:33the right answer is. And the right answer,
- 11:35apparently, is Hillary Clinton. You always know what the right
- 11:39answer is, right? Because it's whatever they tried
- 11:41to accomplish not too long ago. So now the right answer would be
- 11:45Kamala Harris. Yeah, I don't know.
- 11:48I'd hold out hope that something good comes of this, frankly.
- 11:51I'll tell you the Republicans would do well to go out and talk
- 11:55to people that are voting principally Democrat and ask
- 12:00them what did the Republicans done wrong?
- 12:03You mean people who identify as women?
- 12:06There's all sorts of groups that we could point to.
- 12:09Oh no, they got hammered by women.
- 12:12College educated women especially.
- 12:15I imagine that the Republicans and the Democrats are, in this
- 12:19sense, catching up to the Libertarians.
- 12:22The Libertarians for decades have been unable to understand
- 12:27what the common voters looking for.
- 12:33So it's a race to the bottom, not to the top as is so often
- 12:36the case. And we'll see who's last to get
- 12:39there. But I do have to point out,
- 12:41Aunt, that I don't know, man, can we really take our cues from
- 12:45you? You are so out of touch that you
- 12:48don't even remember that last week's episode was Property
- 12:51Rights on the Moon. I know it was property rights on
- 12:53the moon. Why are you saying?
- 12:54Well, you just said last week we talked about the parties and the
- 12:57Democrats. Oh, that's right, it was 2 weeks
- 13:01ago. Yeah.
- 13:03Har har har anyway. For One Stop shopping for all
- 13:08things James and Aunt, visit our website wordsandnumbers.org.
- 13:14We give a special shout out to our Patreon sponsors who help us
- 13:17keep the lights on. If you'd like to contribute, go
- 13:20to patreon.com/words and Numbers.
- 13:24What are we talking about today? Well, as I recall, it was
- 13:27something in the same neighborhood, right?
- 13:29Yeah. I wanted to start off by
- 13:31mentioning I was going to make this a quick hit and then I
- 13:34thought maybe we could talk a little bit more about it and
- 13:37that's the debt downgrade. And First off, I want to explain
- 13:40to people who maybe aren't following what's going on here.
- 13:44There are three major rating agencies and one of the things
- 13:51that they do is they look at all of the bonds that are out there,
- 13:55the debt, and they stamp it, it just in the same way that you
- 13:59would have a credit rating, a credit score.
- 14:02These guys do the same thing for corporate bonds, for government
- 14:06bonds, and you know they have, whereas for credit scores we
- 14:10have numbers that go up to whatever it is, 850 I think is
- 14:12the highest you can get. They have letters.
- 14:15So AAA is the highest that you can get and it goes down from
- 14:19that. If you recall the discussion of
- 14:20junk bonds many years ago, junk bonds is one of the levels is
- 14:25like AC rating or something. But nonetheless, there are these
- 14:293 rating agencies and independently they will rate
- 14:32bonds, amongst them bonds issued by the US government, Government
- 14:37debt, and there was a big splash in the news back when Obama was
- 14:42president. 2011 Standard and Poor's, one of the three rating
- 14:47agencies downgraded U.S. debt from it's the highest level,
- 14:53which is a AAA down one level. I think this S and PS next level
- 14:57down was like a A+ or something. But the fact is it was a
- 15:01downgrade of they were saying that the government's debt is
- 15:04less safe than what it was before.
- 15:08Then in 2023, just a couple of years ago, Fitch, the second of
- 15:13the three, downgraded the government's debt from AAA to
- 15:19the next level down. And now just a couple of weeks
- 15:22ago, Moody's, the third of the three rating agencies,
- 15:26downgraded federal debt. So now all three of them are
- 15:31saying that of all the levels of debt safety, from the least safe
- 15:36to the most safe, U.S. Federal debt used to be the most
- 15:39safe. Now all three of them agree it's
- 15:41one step down. And if you want to put this in
- 15:44perspective, Microsoft is rated AAA by all three.
- 15:50Microsoft's debt is considered safer than debt issued by the US
- 15:55government. Now, you can ask, what does it
- 16:02mean practically? Well, one of the big practical
- 16:05implications is the interest rate.
- 16:07Just like if you get a downgrade in your credit score, you're
- 16:11going to have to pay more interest on your next car loan
- 16:13or your mortgage or whatever it is.
- 16:15So to here, we're going to see interest rates tick up on the
- 16:18federal government because of this.
- 16:22I remember when the first time it happened in the Obama years,
- 16:26you and I, we talked a lot about it and we said, well, it's
- 16:30clearly the harbinger of things to come that you can't go on
- 16:34with your profligate spending like this with no hope of ever
- 16:38repaying back what you've borrowed in order to spend more
- 16:42every year. And then everybody just kind of
- 16:45forgot about it. Yeah, don't we forget about it.
- 16:48We went on borrowing more. I think that's federal debt was
- 16:51half of what it is now back under Obama.
- 16:54I think roughly speaking, yeah. So, you know, where does it all
- 16:59end? I mean, we keep pointing out the
- 17:03unbelievable amount of irresponsibility that we see
- 17:08with government action, government spending, spending
- 17:12more than it could ever hope to take in.
- 17:15We've pointed out repeatedly that there's roughly a six year
- 17:19lag between the government we could afford and the government
- 17:22that we think we can afford. And nobody pays the least bit of
- 17:29attention. And you know, it's it's getting
- 17:31kind of interesting right now. And because we had all this Doge
- 17:37propaganda, and yes, I know what the word propaganda means, and
- 17:41yes, I know what Doge was, and we had lots and lots and lots of
- 17:44Doge propaganda. What do I mean?
- 17:47Doge would say we found another X number of million people doing
- 17:52X thing and now they're going to stop.
- 17:56But. Are they?
- 17:58Are they going to stop because nothing that X has done has been
- 18:02codified? Did you really pull hundreds of
- 18:08thousands, if not millions of people off the Social Security
- 18:12rolls? If so, who were they?
- 18:16Right? Can I get a list of people who
- 18:18got checks last month but then Doge intervened and they didn't
- 18:22get checks this month? Let's do what you did back in
- 18:25COVID when there were claims of all these millions of people
- 18:28dying of COVID. And you asked the question, how
- 18:32many people out there listening know somebody who died of COVID?
- 18:36Now, the answer today is different, but this was back in
- 18:39the early days of COVID. And so I would ask that question
- 18:41as well, how many people out there listening know somebody
- 18:44whose Social Security check was cut off?
- 18:47Because if indeed it's millions of people, one of us is going to
- 18:51know at least somebody. But none of us do.
- 18:54And people will respond, of course.
- 18:56Well, that's how clever the fraudsters are.
- 18:59No, it's not. Social Security fraud typically
- 19:03involves a Social Security card in APO box.
- 19:06I mean, come on. And you know, And it goes a
- 19:11little further I think, right, Because one of the first things
- 19:15we heard and the right wing echo chamber had it nailed down
- 19:19within minutes. Well, there are all these 120
- 19:22year old people on the Social Security rolls.
- 19:26Who are they? Can I see a list?
- 19:28When was the last time any of them got a check?
- 19:31Because I think it would make more sense if a bunch of dead
- 19:35people were still on a list somewhere.
- 19:38The really important list is how many of them got checks.
- 19:42Right. Yeah, and.
- 19:43We never heard an answer to that.
- 19:44Never I. Recall reading an article back
- 19:47then that said there's actually 2 lists.
- 19:51There's one of the ages which they're pointing to and saying
- 19:54here's somebody who's 120 years old.
- 19:56But then there's another list that says the following people
- 19:58are dead, don't cut them checks. So my understanding is, just
- 20:03because you're on the first list doesn't mean that you're getting
- 20:05a. Check, check and look.
- 20:08This gets interesting, right? Because I just cast aspersions
- 20:12at Doge, and had I done that two months ago, the MAGA Right would
- 20:19have come for me with pitchforks.
- 20:20But given the tumult of the past week or so, now all of a sudden
- 20:30the MAGA Right Not so convinced that Elon Musk is really good at
- 20:35anything. Yeah.
- 20:37Why do they think this? Well, because they're fearless
- 20:40Leader and Big Toe told them to think this.
- 20:43Yeah, and herein lies something interesting.
- 20:46I think people talk about the power of billionaires, and you
- 20:52and I have said repeatedly that the power of consumers far
- 20:58eclipses the power of billionaires.
- 21:01And I think we have a good example of this here.
- 21:05Musk and Trump are in bed together from the beginning, and
- 21:10all of a sudden Musk is distancing himself from Trump in
- 21:16serious ways. I claim that what happened is
- 21:21that people decided that they didn't like Musk anymore because
- 21:26he's cozying up to Trump and therefore they're going to stop
- 21:28buying his cars. And his stock price tanked.
- 21:33It tanked so badly that his board of directors called him on
- 21:37the carpet and asked outright, what are you contributing to
- 21:41this company? Well, he's got another problem,
- 21:47though, right? Because yes, all that happened,
- 21:51but he took a tremendous hit. And now Trump is saying, well,
- 21:56maybe the federal government doesn't really need SpaceX for
- 21:59anything. Right.
- 22:02Right, because that's how dirtbags do their business.
- 22:07It's always a threat. It's a stick, never a carrot.
- 22:13Let's go back to you said that that Musk took a hit.
- 22:16I've actually got numbers on this.
- 22:19So in January 16th, Tesla's stock was trading at $426 a
- 22:25share. On April 22nd, this is the date
- 22:30that Musk got called on the carpet by his board.
- 22:33They had an earnings call. His stock price dropped to
- 22:38$227.00. That's a 45% cut.
- 22:44Consumers by saying they don't want to be associated with him,
- 22:48they're not going to buy his product.
- 22:50They cut his wealth in half over the course of whatever that is,
- 22:5690 days, not even 90 days. Now people who are paying
- 23:00attention will say, yeah, but the whole S&P 500 was down over
- 23:04that period. It wasn't down 45%.
- 23:07No, it was down 15% and he took a drubbing from regular
- 23:12consumers who said I don't like this guy so I'm not going to buy
- 23:16his product. And that is exactly how
- 23:19capitalism should work. Yeah, but now he's got a
- 23:23problem, right? Because the people who didn't
- 23:25like him before are going to still not like him, and he's
- 23:31never going to get back the MAGA right?
- 23:34So now he's pissed off everybody.
- 23:36Well. That's right.
- 23:37And he's got more than one company, and I would point out
- 23:41that they are all very much in danger right now.
- 23:43Well, I'll say this from the point at which he stepped back,
- 23:47so he announced he was going to step back from DOGE, he starts
- 23:49to distance himself from Trump. Tesla's stock rebounded by about
- 23:5410%. Now it has not gained back the
- 23:5745% at lost, but again you have the market here saying we like
- 24:01what you're. Doing I'm interested in what the
- 24:05market tells us about Tesla, but I'm more interested in the
- 24:11sales. Numbers, yeah.
- 24:13I don't know what the sales numbers are, but I would argue
- 24:16that the stock price numbers are more telling because what
- 24:19they're reflecting is what all the analysts believe is going to
- 24:23happen to the sales numbers. So you're getting that
- 24:26information upfront? Yeah.
- 24:29But right. And there are all kinds of
- 24:31examples you can point to with companies whose share price was
- 24:36wholly out of line with reality for any number of years, right.
- 24:42We could talk about Solyndra if you want, or either there's some
- 24:45100 others that we could probably think of right up the
- 24:49top of our heads. So I mean, look, stock price
- 24:52bakes in all expectations. I just want to see quarter over
- 24:57quarter sales. Yeah, that'll be coming.
- 25:01But here's the thing people complain about.
- 25:05Well, the problem with corporations is that they're
- 25:07only concerned about profit. Let me tell you, I am much more
- 25:12comfortable dealing with a corporation that cares about
- 25:15profit because I have the control, I have the money that
- 25:20they want. And so long as I have the
- 25:22ability to walk away and people like me have the ability to walk
- 25:25away, we can deny them the thing that they want.
- 25:29It's the entities that aren't profit oriented that make me
- 25:33very nervous. I have no control over those.
- 25:37Yep, that's right. And, you know, for the people
- 25:40out there who've never worked in the nonprofit sector, the
- 25:44nonprofits are still concerned. With profits, right?
- 25:47Nonprofit doesn't mean you're not concerned with profit.
- 25:50No, it's revenues in excessive expenditures, right?
- 25:54And you better have a positive number there or you're not going
- 25:57to stay in business. So that's not exactly it, right?
- 26:00You're really talking about government and only.
- 26:03Government. Yes.
- 26:04Yes, the guys who make their money by holding a gun to your
- 26:07head and saying give me your wallet.
- 26:10That's right. And look, do I trust Donald
- 26:13Trump? No.
- 26:14Do I trust Elon Musk? Not particularly.
- 26:18Do I think Elon Musk has better incentives to do what I consider
- 26:23to be pretty good things? Yes.
- 26:25Yes he does. The incentives that line up
- 26:28before him all lead him to the belief that he had better make
- 26:35people happy. Yeah.
- 26:36Now let me give the counter argument that people are going
- 26:40to say, and that is that well, but you can hold the politicians
- 26:43and government accountable the same way through the voting
- 26:46booth. Yeah, the same way please.
- 26:49Yeah, see this is the problem. I can't hold them accountable.
- 26:55Only 51% of us can hold them accountable.
- 26:57So I might say, for example, I don't like what Musk is doing
- 27:01and I'm not going to buy his product and that hurts his
- 27:03bottom line. If I decide I'm not going to
- 27:05vote for politician X, but 51% of the people vote for him
- 27:09anyway, I've done nothing. In fact, he doesn't care about
- 27:13me because he's got the other 51%.
- 27:14Furthermore, I've got to wait at least two years to cast that
- 27:19vote. I would submit that it's even
- 27:21worse than that because if you don't come up with the 51% the
- 27:27other side does and they elect people were, from my
- 27:31perspective, exactly as horrible as the people you wanted me to
- 27:35vote. For right, right.
- 27:37There never seems to be a legitimate choice.
- 27:40I don't have the ability to walk away.
- 27:42There's just this group of Jack wagons and that group of Jack
- 27:46wagons, and in the end, their Jack wagonry is all about the
- 27:50same, right? It's just these little tiny
- 27:53things that differentiate one side from the other.
- 27:56Now, if I don't like Elon Musk, or if I don't like his cars and
- 28:03I do love him, whatever, there are scores of other automobile
- 28:09companies I can go to. Scores not one many.
- 28:16And look, there's a couple of them out there that can do no
- 28:19wrong. In my eyes, the biggest mistake
- 28:21in my automotive life was made not buying another Toyota.
- 28:25You know. Like an idiot, I went out and
- 28:27bought a Subaru. I was convinced that that was
- 28:30somehow the better thing. For God's sake, it wasn't even
- 28:33close, right? You talk about walking away from
- 28:37one seller to another and someone's going to say to you,
- 28:39well, but if you don't like your government, you can walk away,
- 28:43to which I say absolutely you cannot.
- 28:46No, you can't. You need the permission of the
- 28:49other country you want to move to.
- 28:53Yeah, but they're all bad in exactly the same way.
- 28:57Then it's a matter of degree, never a matter of kind.
- 29:00Right, right. And on the great sliding scale,
- 29:05the United States is, I think, as good as it gets.
- 29:09And if it's not as good as it gets, it's second or third or
- 29:13whatever by a slim, slim margin. But notice what's going on here.
- 29:18And I think the US could be, and I agree with everything you've
- 29:21said, but I think we could be way better.
- 29:23And the way you get way better is you allow the people to walk
- 29:27away. And we have the system set up.
- 29:29All you've got to do is back off on the federal government, let
- 29:34the states do more. So that.
- 29:37And our friend Clark Neely said this when he was on several
- 29:40weeks ago. So that life in California looks
- 29:43markedly different from life in Arizona, which might look
- 29:47markedly different from life in Virginia.
- 29:50And you let the states take the four in terms of governing and
- 29:54then let the people do in the political realm what they do in
- 29:58the economic realm if you don't like what's going on where you
- 30:01are. Move and we would never have the
- 30:06kind of arguments that we have about Trump and Musk or Harris
- 30:12and Biden. You wouldn't be that important.
- 30:15What would be important? The stuff that happened close to
- 30:18where you lived, right? And I'm of mind that everything
- 30:22is asked backwards right now, that we put the most of our
- 30:27concern at the thing that really should be the least concerning.
- 30:31Yeah, and that was the way it was designed.
- 30:34Federal politics shouldn't mean nearly as much as state
- 30:38politics. And I think you make a pretty
- 30:39good argument that state politics shouldn't even hold a
- 30:42candle to your local politics. Where you live, that's where
- 30:47it's important. And yeah, we all live in the
- 30:51United States. But, yeah, come on, pay
- 30:54attention. Take my point here.
- 30:56There's a difference between saying I live in western Tucson
- 31:02as opposed to saying I live in the United.
- 31:04States right? Yeah.
- 31:06And Western Tucson should have a lot more to do with my local
- 31:11kind of everyday experience. It doesn't.
- 31:17Not only different because of your circumstances, your water
- 31:19rights I know are a big deal where you are.
- 31:21They aren't a big deal where I am.
- 31:22We have different circumstances, but you also have different
- 31:25desires. It's just the case.
- 31:27There are some states in which the people are going to want a
- 31:30bigger social safety net and other ones in which they want a
- 31:33lesser one. There's not a right answer
- 31:35there. There's different opinions.
- 31:37So let all the opinions exist. Let them exist, some in one
- 31:42state, others in other states, rather than having wall to wall
- 31:46solutions. Right.
- 31:48But people whose one goal is to govern over the rest of the
- 31:53people, they don't want that. Right, the guys who want power
- 31:56want wall to wall solutions. And I said repeatedly prior to
- 32:04Roe versus Wade being overturned, that nobody really
- 32:08wants Roe versus Wade to be overturned.
- 32:11What they really want is to have the final say at the federal
- 32:15level, thereby obliterating every other argument by making
- 32:19it all irrelevant. But that's not what anybody
- 32:23actually wanted. What we ended up with, it
- 32:27doesn't help anybody. Right.
- 32:30Is abortion legal in the United States?
- 32:31Well, it depends on where. Well, if it depends on where,
- 32:34isn't it kind of de facto legal everywhere?
- 32:38Yeah, kind of. Right.
- 32:40But, you know, some people won't be able to afford to go from
- 32:42state to state. That's going to be a very short
- 32:46list given the patchwork of state laws that we have.
- 32:49But it's certainly not going to be 0.
- 32:53Everybody's just irked right now.
- 32:56Donald Trump can't decide what his abortion policy even is.
- 33:00He's never been able to decide. He thought he was doing what
- 33:03most people wanted. The minute there was an outcry,
- 33:07he said, well, it's up to the states.
- 33:08That's all we ever wanted. No, it's not all you ever
- 33:10wanted. What you said you wanted was to
- 33:12make it illegal everywhere and always, and that's the kind of
- 33:16authoritarian that we're dealing with.
- 33:19How do I know that? Because that's always the kind
- 33:22of authoritarian that we're dealing with.
- 33:24Yeah, it's not particular to Trump, it's particular to the
- 33:26political class. Yeah, I'm irritated with him
- 33:30right now. Apparently nobody can remember
- 33:34that I was exactly this irritated.
- 33:36Well, maybe a little less, but damn near with Biden that I was
- 33:42irked for eight years. Under Obama, it was 8 years of
- 33:46non-stop complaints coming out of my mouth.
- 33:49I don't like any of them and I think we'd all be better off if
- 33:53no one else did either. Yeah, what can you do?
- 33:59And that's all the time we've got this week on words and
- 34:01numbers. Until next time.
- 34:03Send us e-mail wordsandnumberspodcast@gmail.com.
- 34:06Try to be nice to one person who doesn't deserve it till next
- 34:10week. Can't take it easy.
- 34:10See you next week, James.