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Saudi Arabia; Epstein; Meta Antitrust; Rent Control; WallMart; Heritage; Japan | Yaron Brook Show · Yaron Brook Show

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  Speaker 1: Yeah, though radical fundamental principles of leadom rational, self interest
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  Speaker 3: don't do it. All Right, Today in the White House,
• 5:54
  Speaker 3: President Trump host one of America's a premiere allies. A
• 6:01
  Speaker 3: country dedicated to individual liberty and freedom and capitalism and
• 6:05
  Speaker 3: the American way of life and all the good stuff.
• 6:09
  Speaker 2: All men are created equal and inalienable rights and all
• 6:12
  Speaker 2: of that.
• 6:13
  Speaker 3: So it was, you know, pleasure to have this person
• 6:16
  Speaker 3: in the White House, and Trump was so enamored by
• 6:21
  Speaker 3: how close this country is to the United States that
• 6:24
  Speaker 3: he promised to sell them F thirty fives, despite of
• 6:27
  Speaker 3: the fact that the Pentagon's a not too happy about
• 6:29
  Speaker 3: the bed anyway, I promised to sell them F thirty fives.
• 6:33
  Speaker 3: So yeah, that happened today, and this person happened to
• 6:41
  Speaker 3: be the Crown Prince of Saudi Arabia.
• 6:47
  Speaker 2: I mean, uh is like, right? I mean, it's Saudi Arabia.
• 6:51
  Speaker 3: They have a king, they're a king, and the state
• 6:56
  Speaker 3: basically owns everything. And women don't have rights. Nobody really
• 7:06
  Speaker 3: has rights in Saudi Arabia. I mean they're not recognized,
• 7:09
  Speaker 3: but the state they have rights. The state doesn't protect them.
• 7:12
  Speaker 3: You certainly no free speech god atheists like me straight
• 7:17
  Speaker 3: to jail.
• 7:23
  Speaker 2: I mean, can you think of.
• 7:24
  Speaker 3: A country whose values, principles they guide it, the philosophy
• 7:30
  Speaker 3: behind it is more dissimilar than Saudi Arabia And probably
• 7:35
  Speaker 3: a few, but not many like Iran. Right, Kata the
• 7:40
  Speaker 3: other really good friend of Donald Trump's, and yet nbs
• 7:44
  Speaker 3: the crown Prince. Remember kings, kings? I thought we got
• 7:47
  Speaker 3: rid of kings seventeen seventy six, we had somebody say
• 7:50
  Speaker 3: about kings, and we don't like kings.
• 7:52
  Speaker 2: I mean, I may be down.
• 7:53
  Speaker 3: With Kurtis Yovn arguing that America should become a monarchy.
• 7:56
  Speaker 3: Maybe we like kings again. But anyway, a NBS is
• 7:59
  Speaker 3: a crown prince, but he really is the ruler of
• 8:01
  Speaker 3: Saudi Arabia. NBS was today at the White House and
• 8:04
  Speaker 3: got the royal treatment, royal capital of I mean, he
• 8:07
  Speaker 3: got a fly over, he got a cannon salute, he
• 8:10
  Speaker 3: got f thirty fives, he got a state dinner, the
• 8:14
  Speaker 3: first state dinner that they were White House hosting, even
• 8:17
  Speaker 3: you know everything. I mean, Trump puts unbelievably friendly. I
• 8:24
  Speaker 3: mean friendlier than he was to Putin. I mean that's
• 8:27
  Speaker 3: saying a lot. He likes NBS more than he likes Putin. Wow,
• 8:33
  Speaker 3: certainly friendlier than he's being to Zelenski or even to
• 8:36
  Speaker 3: even to Nitagiello.
• 8:38
  Speaker 2: Although don't tell the gouypers.
• 8:41
  Speaker 3: I wonder like the America First crowd, the America First
• 8:45
  Speaker 3: in the bad sense, What do they think of the
• 8:49
  Speaker 3: chumminess that Donald Trump expresses towards uh Saudi's Saudis? Anyway,
• 9:00
  Speaker 3: Saudi Arabia, where the state basically manages the economy and
• 9:04
  Speaker 3: governs the economy and responsible for all economic development. In
• 9:07
  Speaker 3: Saudi Arabia, where we have again kings, where women can drive.
• 9:11
  Speaker 3: Now out what an achievement they can drive. Finally, they
• 9:14
  Speaker 3: still don't have equal rights, but they can drive. Saudi
• 9:19
  Speaker 3: Arabia just a culture that is still stuck in the
• 9:23
  Speaker 3: Middle Ages to a large extent, it's improving at Themogin,
• 9:27
  Speaker 3: it's improving Nbs.
• 9:29
  Speaker 2: Who is a murderer. We know that he got the
• 9:34
  Speaker 2: world treatment, the world treatment. It's it's wow, it's hard
• 9:44
  Speaker 2: to believe, right, really, it really is.
• 9:46
  Speaker 3: I mean, all American presidents are nice to the Saudist
• 9:49
  Speaker 3: but Trump is all out, over the top nice to
• 9:55
  Speaker 3: the Saudis. And part of this has to do with
• 9:57
  Speaker 3: the fact part of it. Now, we don't want to
• 10:00
  Speaker 3: suggest the Trump is corrupt, No, we wouldn't want to
• 10:06
  Speaker 3: do that, but it might have to do with the
• 10:08
  Speaker 3: fact that over the last few weeks and months, the
• 10:14
  Speaker 3: Saudi Global Wealth.
• 10:15
  Speaker 2: Fund, you know, the fund that gave.
• 10:19
  Speaker 3: One of well Trump's son in law two billion dollars
• 10:24
  Speaker 3: to start his private equity fund. That's Saudi Global Wealth Fund.
• 10:28
  Speaker 3: They give two billion dollars to god what's his name,
• 10:33
  Speaker 3: the son in law of Trump for the private equity.
• 10:39
  Speaker 2: But that's not enough.
• 10:42
  Speaker 3: But over the last few weeks and months, the Saudi
• 10:44
  Speaker 3: Global Wealth Fund has kind a bunch of deals with
• 10:49
  Speaker 3: the Trump organization, the Trump organization with several billions of dollars. Indeed,
• 10:58
  Speaker 3: the Saudis which means the Saudi ow family, which means yeah,
• 11:05
  Speaker 3: the crown, Prince, uh Trump families some of their biggest
• 11:11
  Speaker 3: business partners. So Trump gets a few billion dollars and
• 11:18
  Speaker 3: he gets to sell them F fifty fives.
• 11:20
  Speaker 2: I mean, what's the big deal?
• 11:22
  Speaker 3: I mean, after all, the Pentagon's only worried that the
• 11:28
  Speaker 3: Saudis will transfer the technology over to the Chinese. But anyway,
• 11:32
  Speaker 3: we don't need to worry about that. I mean, why
• 11:33
  Speaker 3: would they do that?
• 11:34
  Speaker 2: Really?
• 11:35
  Speaker 3: I mean, there's such they're so culturally, philosophically, value or wise,
• 11:41
  Speaker 3: so aligned with America.
• 11:42
  Speaker 2: They would never betray us. That would never happen. Never happened.
• 11:48
  Speaker 3: Who as well as really opposed the selling of F
• 11:54
  Speaker 3: thirty fives it to the Saudis.
• 11:55
  Speaker 2: I mean a lot of the technology today in.
• 11:58
  Speaker 3: F thirty fives it was designed by and for the Israelis,
• 12:04
  Speaker 3: and Israel's really worried about the Saudis having it. It's
• 12:12
  Speaker 3: Saudi ravers not offend to Israel, not yet anyone. Now,
• 12:17
  Speaker 3: many people are saying, oh, all this stuff, this negotiations,
• 12:21
  Speaker 3: the deals, the investments, all of this, it's all it's
• 12:24
  Speaker 3: all going to have because Saudi is going to join
• 12:26
  Speaker 3: Abraham Accords.
• 12:28
  Speaker 2: Nope.
• 12:29
  Speaker 3: NBS was very clear that NBST and so Mohammed bin Salaman,
• 12:35
  Speaker 3: the Saudi conseerence. NBS was very clear that he was
• 12:39
  Speaker 3: not going to join the Abam Accords as long as
• 12:43
  Speaker 3: until Israel had a clear, unequivocult path to a Palestinian state.
• 12:50
  Speaker 3: A Palestinian state he NBS is smart enough to know
• 12:53
  Speaker 3: would be a complete another of the disaster pH ise.
• 12:55
  Speaker 3: But what does he care. He just needs to appease
• 12:58
  Speaker 3: his domestic politics. He's not going to He's not going
• 13:01
  Speaker 3: to go out on a limb for Israel or for Trump.
• 13:06
  Speaker 2: Trump's going on and the limb for him.
• 13:08
  Speaker 3: The power of relationships the other way around, NBS has it.
• 13:12
  Speaker 2: He's flooding the market with oil right now.
• 13:14
  Speaker 3: Opic is to drive all prices down, which is what
• 13:17
  Speaker 3: Trump wants. Keep gas prices low. But yes, the Saudi
• 13:24
  Speaker 3: prince crown prince gains more respect from Trump than our
• 13:30
  Speaker 3: NATO allies. Then you know the prime ministers and presidents
• 13:36
  Speaker 3: of countries that have fought by side by side with
• 13:41
  Speaker 3: the Americans, actually countries that fought in nineteen ninety one
• 13:44
  Speaker 3: by side with the Americans to protect the Saudis. And
• 13:48
  Speaker 3: at the Saudis are the guns that get out a
• 13:51
  Speaker 3: groveling respect. I mean, there's something very sick about America
• 13:57
  Speaker 3: that allows itself to to be in this position. By
• 14:02
  Speaker 3: the way, the Saudis have promised promised to increase their
• 14:07
  Speaker 3: plan investment of seven six hundred billion in the United States,
• 14:12
  Speaker 3: of which not a dollar is being invested, yet too
• 14:15
  Speaker 3: close to the one trillion dollars.
• 14:18
  Speaker 2: Trump was very happy.
• 14:20
  Speaker 3: Remember this is a trillion, and in his a trillion
• 14:27
  Speaker 3: commitment is meaningless.
• 14:30
  Speaker 2: I mean, what investments? Where's this investments? What are you
• 14:34
  Speaker 2: gonna buy? And it's like all these.
• 14:36
  Speaker 3: Countries have made commitments to invest in the United States
• 14:40
  Speaker 3: and Trump just freaks out when they do that. He's
• 14:42
  Speaker 3: so happy, he's so thankful, and yet where's the money,
• 14:49
  Speaker 3: what has gone towards And when one of the astonishing
• 14:54
  Speaker 3: things that happened today as he was sitting with h
• 15:00
  Speaker 3: nbs uh and and taking questions from the audience, just
• 15:05
  Speaker 3: like he has with Zelensky and others, but of course
• 15:08
  Speaker 3: very differently because because because because ABS super friend very touchy,
• 15:15
  Speaker 3: somebody asked the question, very impolite question. He asked the
• 15:19
  Speaker 3: question about Jamal Kashogi, who MBS by all accounts, certainly
• 15:25
  Speaker 3: by American intelligence accounts, was responsible for the murdering of
• 15:30
  Speaker 3: Jamal Koshogi. He was drawn in, uh, you know, convinced
• 15:36
  Speaker 3: that come into the the Saudi Arabian embassy in Istanbul
• 15:43
  Speaker 3: in Turkey where he was then basically, I mean he
• 15:49
  Speaker 3: was murdered and then his body was cut into pieces
• 15:53
  Speaker 3: and I don't know what what did they do with it?
• 15:55
  Speaker 3: They shipped it out or whatever, right, and I mean
• 15:58
  Speaker 3: they looked really kept the guy up into pieces.
• 16:00
  Speaker 2: Uh.
• 16:02
  Speaker 3: Jamalica Shugi was a dissident from Saudi Arabia, a critic
• 16:06
  Speaker 3: of the Prince, the Crown Prince.
• 16:08
  Speaker 2: And the the the King, who.
• 16:11
  Speaker 3: Had left Saudi Arabia and worked at the time for
• 16:13
  Speaker 3: The Washington Post as a as a columnist and basically
• 16:19
  Speaker 3: conference Muhammed bin Saliman Bin Saliman ordered his execution. And
• 16:28
  Speaker 3: as a consequence, you know, as a consequence, you know,
• 16:33
  Speaker 3: he was during the Trump administrations. As a consequence, I
• 16:35
  Speaker 3: think they they wagged the finger at him, but nothing
• 16:37
  Speaker 3: really happened. Now, Biden when he came in, said, oh,
• 16:42
  Speaker 3: I don't like the Saudis.
• 16:43
  Speaker 2: They killed journalists. We're against the Saudis.
• 16:46
  Speaker 3: Uh and and he kind of, you know, had a
• 16:49
  Speaker 3: bad attitude to was the Saudis until he needed them
• 16:51
  Speaker 3: because he wanted the old prices to come down. And
• 16:53
  Speaker 3: then he went groveling to Saudi Arabia and and uh
• 16:57
  Speaker 3: and and he kissed the ring. Uh So anyway, uh
• 17:02
  Speaker 3: NBS was asked about Kashogio. Trump was asked and and.
• 17:06
  Speaker 2: Uh Trump's response was, look, a lot of people didn't
• 17:09
  Speaker 2: like Koshogi. A lot of people didn't like him, and.
• 17:13
  Speaker 3: It's it's kind of you know, it's kind of sad
• 17:15
  Speaker 3: what happened to but things happened. Things happen, and that
• 17:22
  Speaker 3: was it. NBS basically said, he wasn't responsible. He didn't
• 17:25
  Speaker 3: do you know, people who are responsible, they've taken they've
• 17:27
  Speaker 3: been taking care of they've they've they put them in
• 17:29
  Speaker 3: jail or whatever.
• 17:30
  Speaker 2: But he's no he didn't do it, and Trump just
• 17:33
  Speaker 2: played along.
• 17:34
  Speaker 3: And in spite of the fact that it's American intelligence,
• 17:37
  Speaker 3: American intelligence that claims that NBS ordered the killing of Kushogi.
• 17:44
  Speaker 3: You know, lots of countries killed the people. We shouldn't
• 17:47
  Speaker 3: get too excited about political assassination.
• 17:52
  Speaker 1: Not.
• 17:52
  Speaker 3: According to Trump, this goes back to the twenty fifteen
• 17:55
  Speaker 3: campaign where he said about Putin. When asked about Putin
• 17:59
  Speaker 3: killing journalists, he said, Eh, we kill people too, what's
• 18:03
  Speaker 3: the big deal? Hmm, what just happened? Could have ever happened?
• 18:14
  Speaker 3: While recording? All right, that didn't.
• 18:18
  Speaker 2: Work, okay, but YouTube is working. All right, We'll have
• 18:21
  Speaker 2: to upload this later, all right.
• 18:24
  Speaker 3: Yeah, anyway, there we are. There was some talk about
• 18:29
  Speaker 3: a defense pack that you know, the United States. I mean,
• 18:34
  Speaker 3: I don't think the United States needs Saudi help to
• 18:36
  Speaker 3: defend the United States. So the defense pack basically means
• 18:41
  Speaker 3: that the United States will defend the Saudis, and that
• 18:45
  Speaker 3: might be finalized and signed while NBS is in the
• 18:48
  Speaker 3: United States. Even that Trump is not going to require
• 18:55
  Speaker 3: as in the past, there was this demand, we'll give
• 18:58
  Speaker 3: you a defense pack if you joined the Ambama codes.
• 19:02
  Speaker 3: Sadi Rave is not budgeting we will not We will
• 19:06
  Speaker 3: not recognize Israel. We will not normalize relationship with Israel
• 19:09
  Speaker 3: until Israel guarantees a path to a Palestinian state, which
• 19:17
  Speaker 3: is you know, basically, yeah it is.
• 19:19
  Speaker 2: Al should shoot themselves.
• 19:21
  Speaker 3: In the in the forehead and then we'll recognize it.
• 19:26
  Speaker 2: Yeah, wonderful, all right. I mean, this is fan Parsi
• 19:32
  Speaker 2: Trump style. Lots and lots and lots of love.
• 19:37
  Speaker 3: For dictators, kings, authoritarians more broadly, lots and lots of
• 19:44
  Speaker 3: love for them. You know, we've now have a treaty
• 19:48
  Speaker 3: to defend Kattau against its enemies. We'll soon have a
• 19:52
  Speaker 3: treaty to defend Saudi Arabia against its enemies. What a
• 19:58
  Speaker 3: world in which I mean maybe Putin will come and
• 20:00
  Speaker 3: maybe we'll sign a treaty to defend Russia against those
• 20:03
  Speaker 3: pesky Ukrainians. Maybe we can get a treaty with China
• 20:07
  Speaker 3: to defend China against you know, if it attacks Taiwan,
• 20:11
  Speaker 3: if the Taiwan defends itself, will come and help them
• 20:15
  Speaker 3: defeat the Taiwanese, I.
• 20:18
  Speaker 2: Mean, faceesus. But by much? Why do we have a
• 20:22
  Speaker 2: defense treaty with Saudi Arabia?
• 20:23
  Speaker 3: Not a good country, not a real true ally of
• 20:28
  Speaker 3: the United States, not a friend does it share values,
• 20:33
  Speaker 3: shouldn't sell them at thirty five's, and we shouldn't give
• 20:37
  Speaker 3: them the latest greatest American military technology.
• 20:41
  Speaker 2: And we should not.
• 20:43
  Speaker 3: Rush to the defense as we did in nineteen ninety one,
• 20:47
  Speaker 3: which I think was a mistake.
• 20:50
  Speaker 2: All right, reminded that if you're new to the show.
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• 21:02
  Speaker 3: All right, let's see, Yeah, Jeffrey Epstein, it just doesn't
• 21:07
  Speaker 3: go away. Jeffrey Epstein just doesn't go away. Today, the
• 21:10
  Speaker 3: House and the Senate both passed a legislation that authorizers
• 21:17
  Speaker 3: or commands I don't know how you want to phrase it,
• 21:20
  Speaker 3: the Justice Apartment to release all their files on Jeffrey Epstein.
• 21:30
  Speaker 3: And because we know this is without question the most
• 21:33
  Speaker 3: important issue of the day, it will determine the fates
• 21:36
  Speaker 3: and future of America, Republicans who resisted this for a
• 21:41
  Speaker 3: long time all basically came on board and voted for it.
• 21:46
  Speaker 3: Now that Trump said this is good, it's good to go.
• 21:49
  Speaker 3: So I think it passed the House with one member
• 21:52
  Speaker 3: opposing it. All Republicans, including the majority leader who to
• 21:58
  Speaker 3: speak of.
• 21:59
  Speaker 2: The House, who resisted bringing it to the floor for months.
• 22:03
  Speaker 2: He also voted for it. I mean, it just shows
• 22:06
  Speaker 2: what a pathetic.
• 22:08
  Speaker 3: Political party the Republicans have become. So, yeah, expects Epstein
• 22:15
  Speaker 3: files or not. Who knows what the next step is.
• 22:19
  Speaker 3: I don't think Trump would have given this the thumbs
• 22:21
  Speaker 3: up if you really thought there was going to be
• 22:23
  Speaker 3: a massive dump of real, comprehensive.
• 22:29
  Speaker 2: Epstein files being disclosed.
• 22:32
  Speaker 3: I mean, he's fought too hard for too long, a
• 22:34
  Speaker 3: too high a political cost to just.
• 22:40
  Speaker 2: Want them all released suddenly.
• 22:43
  Speaker 3: So Mark Epstein, who is Jeffrey's brother, and I don't
• 22:47
  Speaker 3: know if he knows anything, but he's saying, is a
• 22:51
  Speaker 3: quote from him, the reason they're going to be released,
• 22:55
  Speaker 3: The reason for the flip is that they're sanitizing these files.
• 23:00
  Speaker 3: He says, there's a facility in Winchester, Virginia where they're
• 23:03
  Speaker 3: scrubbing the files to take Republican names out. Now you
• 23:07
  Speaker 3: know the wild conspiracy theory. I don't know that there's
• 23:10
  Speaker 3: any proof of this or even any evidence of this,
• 23:16
  Speaker 3: but it's Trump, it's Cush Patel, it's Bondie.
• 23:26
  Speaker 2: Would this surprise anybody.
• 23:31
  Speaker 3: No, no, it wouldn't surprise anybody. So we'll see, we'll
• 23:37
  Speaker 3: see what happens. We'll see what get released, what's in
• 23:40
  Speaker 3: the release stuff. A lot of a lot will be redacted,
• 23:42
  Speaker 3: is my guess. But a lot of people are probably
• 23:46
  Speaker 3: worried tonight about what gets released, because if you're a Democrat,
• 23:50
  Speaker 3: for sure that'll get released for sure. Indeed, we've already
• 23:54
  Speaker 3: got our first casualty, and that is a guy actually
• 24:01
  Speaker 3: in some ways respect which is Larry Summers, who is
• 24:05
  Speaker 3: the former president of Harvard who basically had to resign
• 24:10
  Speaker 3: from Harvard because he said he he says some politically
• 24:14
  Speaker 3: incorrect things about women in science. Uh, somebody who actually
• 24:19
  Speaker 3: saw the inflation coming and and is a you know,
• 24:23
  Speaker 3: he's a neil Kinsian economist. He's not my favorite type
• 24:26
  Speaker 3: of economist, but you know, pretty sharp, pretty smart, pretty
• 24:31
  Speaker 3: smart guy. But it turns out that he is in
• 24:33
  Speaker 3: the files, and there's a whole thing in the fire
• 24:36
  Speaker 3: in in exchange that's already been released, in the emails
• 24:39
  Speaker 3: that have already been released, there's a whole thing about, uh,
• 24:46
  Speaker 3: some relationship he had with a a men mentee of his,
• 24:54
  Speaker 3: a young professor young female professor, not under age or
• 24:58
  Speaker 3: anything like that, but still as somebody who was who
• 25:02
  Speaker 3: was he mentored, also an economics professor. So he came
• 25:09
  Speaker 3: out today with the statement saying, I'm deeply ashamed of
• 25:11
  Speaker 3: my actions and recognize the pain that they have caused.
• 25:15
  Speaker 2: He was married, by the way, at the time. I
• 25:17
  Speaker 2: think he still is.
• 25:19
  Speaker 3: He said again, I take full responsibility from my misguided
• 25:22
  Speaker 3: decision to continue communicating with misster Epstein. It turned out
• 25:26
  Speaker 3: that Epstein was giving him relationship advice. And this is
• 25:31
  Speaker 3: up to days before Epstein was, you know, arrested for
• 25:36
  Speaker 3: the second time.
• 25:38
  Speaker 2: So this is after he's already been convicted for solicitation
• 25:43
  Speaker 2: of a minor. This is after rumors spending, this is
• 25:47
  Speaker 2: after news stories are published, This is after everybody basically
• 25:50
  Speaker 2: knows what and who Jeffrey Epstein is.
• 25:55
  Speaker 3: And Larry Summers has continuing a friendship there and he's
• 26:00
  Speaker 3: regular guest at his house and he's he's getting it
• 26:04
  Speaker 3: relationship advice, relationship advice, Somemer says, while continuing to fulfill
• 26:12
  Speaker 3: my teaching obligations, I will be stepping back from public
• 26:15
  Speaker 3: commitments as one part of my broader effort. Yeah, I
• 26:19
  Speaker 3: mean he's been a regular commentator on economic and political
• 26:22
  Speaker 3: issues on the center left, and he's also, you know,
• 26:28
  Speaker 3: a member of the chat Chipet board. He's also a
• 26:32
  Speaker 3: member of the Center for Mega Progress, which is a
• 26:35
  Speaker 3: liberal think tank from which he has a resience. So
• 26:40
  Speaker 3: he's no longer affiliated with that organization. So people are
• 26:43
  Speaker 3: cleaning house, he's cleaning house house. So it is I
• 26:47
  Speaker 3: think what's going to happen. One thing we definitely know.
• 26:53
  Speaker 2: Is that a lot of.
• 26:57
  Speaker 3: Stuff is going to come out. A lot of stuff
• 27:01
  Speaker 3: is going to come out about Democrats. Whether anything comes
• 27:05
  Speaker 3: out about Republicans is aught to tell because it might
• 27:08
  Speaker 3: be withheld, it might be held back, it might be redacted,
• 27:12
  Speaker 3: it might who knows. But I think a lot of
• 27:15
  Speaker 3: a lot of ugly stuff.
• 27:17
  Speaker 2: Is going to come out about about leftists.
• 27:22
  Speaker 3: You know, people like Reed Hoffman, who is the founder
• 27:25
  Speaker 3: of LinkedIn, and certain people may be a JP Morgan
• 27:30
  Speaker 3: Chase no suggesting JPU Diamond, but but other people lower
• 27:34
  Speaker 3: down in JP Morgan Chase, other Democrats, certainly the Clintons
• 27:41
  Speaker 3: and other Democrats.
• 27:42
  Speaker 2: Around will all.
• 27:46
  Speaker 3: I think we'll all be we'll all learn a lot
• 27:48
  Speaker 3: more about them and the relationship with you Epstein. I'm
• 27:52
  Speaker 3: sure you all sitting at the edge of your seat
• 27:55
  Speaker 3: because you can't wait to find out.
• 27:57
  Speaker 2: What's in those files.
• 28:00
  Speaker 3: The Trump stuff might not come out that quickly. I
• 28:05
  Speaker 3: doubt Prince Andrew's gonna go to jail. I mean, he
• 28:07
  Speaker 3: has been taking his prince He's not prince anymore, He's
• 28:10
  Speaker 3: just Andrew. So the princey nest has been taken away,
• 28:13
  Speaker 3: the prince princy, prince title be taking away. He is
• 28:16
  Speaker 3: had to move, He's had to leave his castle and
• 28:19
  Speaker 3: move to to just a regular house. His I think
• 28:22
  Speaker 3: his his budget has been cut. So so yes, he's
• 28:26
  Speaker 3: he's been taken down to the size.
• 28:31
  Speaker 2: Uh. So we will see, we will see. Uh it's.
• 28:38
  Speaker 3: It's gonna be interesting, just because of the way Trump
• 28:41
  Speaker 3: flipped and and all of that, and just because remember
• 28:44
  Speaker 3: Larry Summers. I just would remind everybody who was also
• 28:50
  Speaker 3: Treasury secretary under Bill Clinton. I think it was Treasury
• 28:57
  Speaker 3: secretary under Bill Clinton. So so, but you know, somebody
• 29:01
  Speaker 3: high up there, high up there. There are other people
• 29:06
  Speaker 3: who have been mentioned, so we will see.
• 29:08
  Speaker 2: Uh. From across the various.
• 29:13
  Speaker 3: Political spectrum, people who engage with Jeffrey Epstein for a
• 29:17
  Speaker 3: while uh.
• 29:19
  Speaker 2: And but even Nom Chomsky, that'd be interesting.
• 29:29
  Speaker 3: Uh So, yeah, a lot of names, a lot of names,
• 29:36
  Speaker 3: all right, something positive for a change, and I mean
• 29:41
  Speaker 3: really positive and interesting and yeah, encouraging and stuff.
• 29:47
  Speaker 2: So, as you know, one of the priorities of the.
• 29:51
  Speaker 4: FTC, the the the the Federal Trade in Communication uh
• 30:00
  Speaker 4: whatever agency, one of the priorities of the FTC, which
• 30:04
  Speaker 4: which is responsible for what is it responsible for mergers,
• 30:10
  Speaker 4: approval of mergers, and the ensuing for anti trust so it,
• 30:15
  Speaker 4: together with the Justice Depardment, goes after So this is
• 30:18
  Speaker 4: I'm sorry, this is the Federal.
• 30:19
  Speaker 2: Trade Commission, Federal Trade Commission, Federal Trade Commission.
• 30:24
  Speaker 3: Anyway, they since the first Trump administration and then doubling
• 30:30
  Speaker 3: up on that during Biden, they have been going after.
• 30:37
  Speaker 2: They've been going after.
• 30:39
  Speaker 3: Tech, big tech, big tech, the devil, the Devil incarnade,
• 30:43
  Speaker 3: which is big tech.
• 30:45
  Speaker 2: Uh.
• 30:45
  Speaker 3: And they've been going after big tech and uh they've
• 30:49
  Speaker 3: been doing this, uh.
• 30:52
  Speaker 2: Since the first Trump administration.
• 30:53
  Speaker 3: And you know, we know the Google case, the Google
• 30:56
  Speaker 3: case basically the FDC one, and Google was viewed as
• 31:00
  Speaker 3: a monopoly, but then the remedy was viewed by the
• 31:04
  Speaker 3: marketers pretty minor, but it was still a remedy, and
• 31:08
  Speaker 3: it was still bad, and it was still this idea
• 31:10
  Speaker 3: that Google is Google is a is a monopoly. Well,
• 31:15
  Speaker 3: today the judge ruled in another case, there are a
• 31:18
  Speaker 3: number of them going through the courts. A judge ruled
• 31:22
  Speaker 3: today in a federal court in the US districts of
• 31:26
  Speaker 3: the District of Columbia in DC.
• 31:30
  Speaker 2: In an eighty nine page ruling, he ruled shockingly.
• 31:37
  Speaker 3: That Meta, the parent of Facebook, did not create a
• 31:42
  Speaker 3: monopoly in social networking through the acquisition, through that acquisition
• 31:48
  Speaker 3: of What's.
• 31:49
  Speaker 2: Up and Instagram.
• 31:51
  Speaker 3: Indeed, according to him, you know, rivals like TikTok and
• 31:56
  Speaker 3: YouTube continue to expand, it to grow and the actual
• 31:59
  Speaker 3: challenge Meta throughout this period.
• 32:02
  Speaker 2: And therefore, he would it was not a monopoly. Uh.
• 32:07
  Speaker 3: And this is great, I mean, finally, a judge was
• 32:11
  Speaker 3: some connection to reality.
• 32:13
  Speaker 2: Of course, the whole premise of anti trust.
• 32:15
  Speaker 3: As you know, I think, is a model wrong both
• 32:18
  Speaker 3: morally and economically. It's an it's an ignorant standard. It's
• 32:23
  Speaker 3: a it's a standard completely driven by politics and by
• 32:28
  Speaker 3: a desire to knock down the successful and to penalize success.
• 32:33
  Speaker 3: But it is it is good to see that at
• 32:35
  Speaker 3: least Meta did not lose this one. I don't think
• 32:38
  Speaker 3: this has anything to do with Zuckerberg being nice to Trump.
• 32:43
  Speaker 3: This is an independent judge. I don't think this judge
• 32:45
  Speaker 3: is friends with Donald Trump. Uh and and I don't
• 32:49
  Speaker 3: think this is indeed, I think this is one of
• 32:51
  Speaker 3: the j is got in trouble with Donald Trump.
• 32:53
  Speaker 2: This is Judge James E. Bosberg.
• 32:57
  Speaker 3: And uh yeah, I mean he said the FDC he
• 33:00
  Speaker 3: continues to insist that matter competes with the same old
• 33:02
  Speaker 3: rivals it has for the last decade, that the company
• 33:05
  Speaker 3: holds a monopoly among that small set, and that it
• 33:09
  Speaker 3: maintained that monopoly through anti competitive acquisitions.
• 33:13
  Speaker 2: He then said that.
• 33:14
  Speaker 3: The agency needed to prove that argument, and the conclusion
• 33:19
  Speaker 3: is the court's verdict today determines that the FDC has
• 33:23
  Speaker 3: not done so. So applause, she is this is good news.
• 33:31
  Speaker 3: You know again, I wish, I wish I were in
• 33:34
  Speaker 3: most cases like this.
• 33:35
  Speaker 2: I wish the whole issue. I mean.
• 33:36
  Speaker 3: Iman was once asked what would it be her first
• 33:39
  Speaker 3: priority if she became like president of something, you know,
• 33:43
  Speaker 3: political priority. What would you argue for? What would she
• 33:46
  Speaker 3: encourage people to do? And she said, get rid of
• 33:48
  Speaker 3: the anti just laws, and I agree with him. Anti
• 33:50
  Speaker 3: just is the first thing that should go into the
• 33:53
  Speaker 3: dustbin of history, the dust been of bad laws, bad regulations,
• 33:58
  Speaker 3: destructive to freedom. So antitrust, I mean, this is I mean,
• 34:07
  Speaker 3: as we know, Matta is super ambitious. They're pouring hundreds
• 34:11
  Speaker 3: of millions of dollars I think billions of.
• 34:14
  Speaker 2: Dollars into AI. They are.
• 34:24
  Speaker 3: That's bire Okay, they are very very Oops. I don't
• 34:27
  Speaker 3: want that to happen. Something closed, something's going on with
• 34:30
  Speaker 3: the computer. I'm not exactly what it is.
• 34:35
  Speaker 2: Anyway, that is there.
• 34:38
  Speaker 3: They are now free to grow and feed to invest
• 34:41
  Speaker 3: and feed to expand they still lossuit against Amazon. Uh,
• 34:46
  Speaker 3: they still lost suit against Apple.
• 34:49
  Speaker 2: So let's hope that these lawsuits will also fail.
• 34:57
  Speaker 3: They lawsuit against Amazon, it's probably gonna go to try
• 35:00
  Speaker 3: in twenty twenty seven. Not clear when the lawsuit against
• 35:05
  Speaker 3: Apple actually.
• 35:06
  Speaker 2: Goes to trial. So yeah, all right, cool, some good
• 35:17
  Speaker 2: news is good, all right, so we all know. Mmdani
• 35:25
  Speaker 2: has suggested as a big part of his proposals for
• 35:32
  Speaker 2: reducing the cost of living in New York City, making
• 35:35
  Speaker 2: New York City great again. Oh no, I mean a
• 35:37
  Speaker 2: photobill again.
• 35:39
  Speaker 3: Is suggesting a rent control, and rent control, as I
• 35:43
  Speaker 3: think you all know, is one of those things that
• 35:46
  Speaker 3: economists pretty much across the board, left right center, like tariffs,
• 35:52
  Speaker 3: all agree, is a really really bad idea.
• 35:55
  Speaker 2: That it doesn't lower the cost.
• 35:59
  Speaker 3: Cost of Reynolds, that it destroys the rental market, that
• 36:04
  Speaker 3: actually increases the cost and reduces supply. It's just a
• 36:08
  Speaker 3: really bad idea and should shouldn't be embraced.
• 36:13
  Speaker 2: Just like they all know. Tab's a bad idea.
• 36:16
  Speaker 3: Doesn't stop Trump from doing tabists, and it's not something
• 36:18
  Speaker 3: mum Donnie from advocating for price controls like many others. Well,
• 36:26
  Speaker 3: this has kind of been almost consensus of my economist
• 36:29
  Speaker 3: and it's just taking for granted.
• 36:30
  Speaker 2: Yeah, economists, this is what they believe.
• 36:32
  Speaker 3: There was a yesterday, well two days ago on Sunday,
• 36:36
  Speaker 3: I guess Sunday, November sixteenth, there was an O bad
• 36:41
  Speaker 3: a guest essay in the New York Times by a
• 36:46
  Speaker 3: prominent economist, indeed by somebody who is the director of
• 36:52
  Speaker 3: the Stanford Institute for Economic Policy Research. And you know
• 37:00
  Speaker 3: this is a prestigious place. John Cochrane is one of
• 37:05
  Speaker 3: the economists at the Stanford Institute of economic policy research.
• 37:09
  Speaker 3: This is, you know, people affiliate with Hoover Institute, which
• 37:14
  Speaker 3: is a basting of free markets.
• 37:15
  Speaker 2: A part of this institute.
• 37:18
  Speaker 3: The director of this institute, Neil Mahoney, is a well
• 37:22
  Speaker 3: known respected economists. He wrote this up ad with Barat Ramamuti.
• 37:29
  Speaker 3: I think maybe I'm pronouncing that wrong. And the headline
• 37:34
  Speaker 3: of this editorial was economic economists hate this idea. It
• 37:40
  Speaker 3: could be a way out of the affordability crisis. And
• 37:45
  Speaker 3: it basically argues it basically argues for rent control and
• 37:51
  Speaker 3: price control and price control on things like utilities, because
• 37:58
  Speaker 3: we know you paid way too much money on other
• 38:00
  Speaker 3: and if we only had a price control and electricity
• 38:03
  Speaker 3: that problem would go away. So public in the New
• 38:07
  Speaker 3: York Times, and of course it's a prominent economist, a
• 38:10
  Speaker 3: famous guy. But more importantly, we're talking about an article
• 38:16
  Speaker 3: published reputating the entire field of economics by John Cochrane's boss.
• 38:24
  Speaker 2: Now, I know, I don't know how many of you
• 38:26
  Speaker 2: know John Cochran.
• 38:26
  Speaker 3: I've mentioned him often on the show over the years,
• 38:30
  Speaker 3: but John Cockran is one of the best economists out there.
• 38:32
  Speaker 2: I like John Cochrane a lot. His writing is clear.
• 38:36
  Speaker 3: Uh often passionate, but economic logic. He uses economic logic.
• 38:42
  Speaker 3: He also can do really really really complex.
• 38:47
  Speaker 2: Math, which I admire even if you can't follow.
• 38:51
  Speaker 3: But he he is is a really good economist. He
• 38:55
  Speaker 3: is one of the best living economists out there. And
• 38:57
  Speaker 3: somebody that I read regularly and somebody who I've sent
• 39:01
  Speaker 3: you to his blogs many times. The blog it's called
• 39:06
  Speaker 3: Grumpy Economist. And anyway, this morning he was grumpy or
• 39:12
  Speaker 3: whenever he wrote this. He wrote this the same day
• 39:14
  Speaker 3: he wrote this, that's on Sunday as well, So he
• 39:17
  Speaker 3: was grumpy. He was grumpy because his boss had just
• 39:21
  Speaker 3: written something that he really really really really.
• 39:24
  Speaker 2: Disagreed with.
• 39:27
  Speaker 3: And he has to be nice, and the article suddenly
• 39:30
  Speaker 3: starts out nice, but he lays into them.
• 39:35
  Speaker 2: He really lays into him.
• 39:37
  Speaker 3: So if you're interested in the issue of price controls,
• 39:41
  Speaker 3: if your issue, interested in rent controls, if you issue,
• 39:44
  Speaker 3: if you're interested in kind of the debates and discussions
• 39:47
  Speaker 3: around economic policy in the world in which we live,
• 39:54
  Speaker 3: what happened, something's gone, something was weird, it's happening once,
• 40:00
  Speaker 3: then I encould you actually to read John Cockin's es
• 40:03
  Speaker 3: say it's on his it's on his substack.
• 40:06
  Speaker 2: On his Uh. Oh god, this is all screwed up. Uh.
• 40:18
  Speaker 2: Computers just behaving weird.
• 40:19
  Speaker 3: And I don't know if this has to do with
• 40:20
  Speaker 3: the big outage that happened this morning. Its clouds something. Uh,
• 40:26
  Speaker 3: but the computer is acting weird. So give me just
• 40:29
  Speaker 3: a second to fix this particular thing. Uh and uh
• 40:34
  Speaker 3: and we'll be right back with you.
• 40:37
  Speaker 2: A copy paste this paste?
• 40:42
  Speaker 3: Okay, yes, yes, continue, continue and it's working in there
• 40:57
  Speaker 3: we go all rights. Continue enough times and things start
• 41:00
  Speaker 3: working all right. But something happened here. Wait a minute,
• 41:06
  Speaker 3: I lost some of your super check questions. That's not good,
• 41:10
  Speaker 3: not good. I'm sorry, give me, give me a second,
• 41:15
  Speaker 3: give me a second. While that is ridiculous. That is ridiculous. Uh,
• 41:27
  Speaker 3: all right, so I lost all of these.
• 41:33
  Speaker 2: I'm gonna just copy paste them so.
• 41:36
  Speaker 3: I'm sure I have a record of them so I
• 41:39
  Speaker 3: can answer all of them.
• 41:44
  Speaker 2: Oh God, come on, give it a break. Let's see. Well,
• 41:57
  Speaker 2: let me do that. Yeah, we got that all right anyway,
• 42:05
  Speaker 2: So I encourage you to go read it.
• 42:07
  Speaker 3: It's at the gumpe economist dot com. I generally encourage
• 42:11
  Speaker 3: you to uh read and follow h John Cochrane. I
• 42:16
  Speaker 3: want to read you I'll read you a few passages
• 42:18
  Speaker 3: out of it because I think it's it's just worth
• 42:21
  Speaker 3: doing given given how how.
• 42:25
  Speaker 2: Good it is.
• 42:26
  Speaker 3: And uh, I think it's important this is that this
• 42:30
  Speaker 3: case be made.
• 42:31
  Speaker 2: Uh and uh.
• 42:34
  Speaker 3: John makes it. It's of course, as we know the
• 42:38
  Speaker 3: mall cases, the is the fundamental one. That is, that
• 42:40
  Speaker 3: is what.
• 42:41
  Speaker 2: Ultimately gets people.
• 42:43
  Speaker 3: To vote for for price controls and for this is
• 42:48
  Speaker 3: not really the economics of it, but because as I said, nobody,
• 42:53
  Speaker 3: I mean, this is the thing about these economic economics
• 42:55
  Speaker 3: professors who give credibility to theory and ideas that everybody
• 43:02
  Speaker 3: knows a horrible you know, and the people you know,
• 43:06
  Speaker 3: Trump administration economics doing that for for Trump.
• 43:11
  Speaker 2: And now we've got somebody doing it for Mamdani who
• 43:14
  Speaker 2: again should should very much know better.
• 43:18
  Speaker 3: That is, it's just it really is just uh yeah,
• 43:23
  Speaker 3: it's just how it's just upsetting. So it's good to
• 43:27
  Speaker 3: see somebody like like you know, John just showing that
• 43:38
  Speaker 3: it is a BS and it is wrong, and that
• 43:41
  Speaker 3: economists are still willing to defend the principles behind their
• 43:45
  Speaker 3: their profession in spite of the fact that it's their
• 43:48
  Speaker 3: boss writing the nonsense, right which makes it you know
• 43:53
  Speaker 3: a little bit more difficult when it's your boss writing
• 43:57
  Speaker 3: the bad stuff.
• 43:58
  Speaker 2: All right, one last copy paste.
• 44:00
  Speaker 3: And I am done, and we can we can then
• 44:04
  Speaker 3: revert back to to me being pretty focused on you guys.
• 44:11
  Speaker 2: Okay, done it? All right?
• 44:12
  Speaker 3: Uh to the tom So the numbers I'll say, in
• 44:16
  Speaker 3: terms of funds raised a little bit off again. It
• 44:21
  Speaker 3: is doing this to my email. And I have no
• 44:24
  Speaker 3: idea why in enough space in your home folder? Oh
• 44:36
  Speaker 3: I see, all right, weird. We're just going to leave
• 44:45
  Speaker 3: it as it is and we're going to see what happens.
• 44:47
  Speaker 3: Maybe other stuff with collapse because for some reason my
• 44:50
  Speaker 3: computer now doesn't have any space on it.
• 44:52
  Speaker 2: I don't know what we added.
• 44:54
  Speaker 3: Let me just do something. Let me delete something I
• 44:56
  Speaker 3: know that I can delete. Say about all those guys,
• 45:00
  Speaker 3: you know, just bear with me for a bear with
• 45:10
  Speaker 3: me for a minute. Then let's do let's do this.
• 45:19
  Speaker 3: I'm gonna just delete a bunch of stuff that will
• 45:24
  Speaker 3: increase the space on the computer so the computer can breathe.
• 45:29
  Speaker 3: Breathing is good for a computer, and we want that
• 45:33
  Speaker 3: to happen. And then find a empty trash, empty trash
• 45:41
  Speaker 3: and that will help a little bit, all right, All right,
• 45:43
  Speaker 3: So it's you Don Cockran, you know, so he says,
• 45:51
  Speaker 3: you know, what are they saying. They're saying that, you know,
• 45:54
  Speaker 3: shop the rising rents and until the builds where I
• 45:57
  Speaker 3: have ac unfamily budgets. And of course what John Cogran
• 46:01
  Speaker 3: is saying is that's a market signal.
• 46:04
  Speaker 2: That maybe they should move. Now.
• 46:07
  Speaker 3: I like that line of argument. I like the idea
• 46:10
  Speaker 3: that people should actually move. I say this all the time, right,
• 46:13
  Speaker 3: I mean mobility and being able and willing to you know,
• 46:18
  Speaker 3: to move in order to find job, to move in
• 46:21
  Speaker 3: order to get cheaper real estate. I mean, if New
• 46:24
  Speaker 3: York is too expensive for you, then it's too expensive
• 46:26
  Speaker 3: for you, then you shouldn't live in New York. So
• 46:36
  Speaker 3: if the families don't follow the screaming market signal to move,
• 46:41
  Speaker 3: but the money comes from somewhere, he writes, rent control
• 46:46
  Speaker 3: and energy price caps wreck havoc on landlords and electricitic
• 46:51
  Speaker 3: electric utility budgets. The money must come from somewhere, and
• 46:58
  Speaker 3: in control is the same a tax on landlords used
• 47:02
  Speaker 3: to subsidize the rents of current tenants. You may, you know,
• 47:08
  Speaker 3: you may picture a giant corporation, but many landlords of
• 47:10
  Speaker 3: sympathetic individuals who worked hard and saved and used apartment
• 47:14
  Speaker 3: to fund their retirement. Corporations are owned by four one
• 47:17
  Speaker 3: k plans of sympathetic workers too, But economists should know
• 47:21
  Speaker 3: better than to teget your heartstrings for who should get
• 47:25
  Speaker 3: resources forcibly taken from whom.
• 47:30
  Speaker 2: Force forcibly. If you ask what the optional way to
• 47:34
  Speaker 2: tax people in general in order to lower housing costs
• 47:37
  Speaker 2: for politically attractive group current lieutenants, the screaming answer is not,
• 47:42
  Speaker 2: let's stack the people who currently own the building.
• 47:45
  Speaker 3: Sure, tax the rich. If you want to go down
• 47:49
  Speaker 3: this route, it's a lot more efficient. Tax all the rich.
• 47:54
  Speaker 3: If you ask what the optional way to help families
• 47:57
  Speaker 3: who just got stuck with higher rents, the screaming answer
• 48:01
  Speaker 3: is send them a check, but then let them move
• 48:04
  Speaker 3: to an apartment that fits their needs.
• 48:08
  Speaker 2: In other words, move, That's the real answer.
• 48:13
  Speaker 3: A rent control only makes rental affordable for the lucky recipients.
• 48:17
  Speaker 3: It does not make rental housing more affordable for other people.
• 48:22
  Speaker 3: It does not increase the number of people who have housing. Indeed,
• 48:25
  Speaker 3: it reduces that number. It just changes who gets it.
• 48:29
  Speaker 3: It does not even make housing more affordable on average
• 48:33
  Speaker 3: for those who want it. Must now pay with time
• 48:36
  Speaker 3: and inconvenience, or pay by foregoing the great opportunities that
• 48:40
  Speaker 3: moving to the city provided.
• 48:43
  Speaker 2: The biggest losers of in control.
• 48:45
  Speaker 3: Are the young, the mobile, the ambitious, immigrants, and people
• 48:50
  Speaker 3: without a lot of cash. If you want to move
• 48:53
  Speaker 3: from Fresno to take a job in San Francisco and
• 48:57
  Speaker 3: move up, and you don't have millions lying around to buy,
• 49:01
  Speaker 3: you need rentals.
• 49:03
  Speaker 2: Rent control means they're not available.
• 49:10
  Speaker 3: There is no blob of government money or policy that
• 49:15
  Speaker 3: can make something affordable for one without making something else
• 49:20
  Speaker 3: less affordable for another.
• 49:30
  Speaker 2: He goes on to write, and I think this is
• 49:32
  Speaker 2: really good everything.
• 49:33
  Speaker 3: Everyone is focused on building, building more houses, but supply
• 49:38
  Speaker 3: is so much more than building. There is trenders supply
• 49:42
  Speaker 3: in using more efficiently what we have now. Most cities
• 49:45
  Speaker 3: have laws against renting parts of a single family home
• 49:48
  Speaker 3: or sharing larger homes. Think how many spare bedrooms are
• 49:52
  Speaker 3: empty every night. There is plenty of housing supply in
• 49:56
  Speaker 3: the US, it's just not in places where people want
• 50:00
  Speaker 3: to move. Others moving out is supplying and greatly impeded.
• 50:07
  Speaker 3: Older people stay in two big houses and apartments in
• 50:10
  Speaker 3: locations close to work and school, opportunities that young families desire,
• 50:15
  Speaker 3: but the older people no longer need. Why do they
• 50:18
  Speaker 3: stay then, Because if they sell, their tax on capital gains,
• 50:23
  Speaker 3: even just due to inflation, and they also lose the
• 50:27
  Speaker 3: property tax exemptions and of course rent control protection.
• 50:32
  Speaker 2: If they happen to be renting.
• 50:34
  Speaker 3: Each older person who cashes in, downsizes, or moves the
• 50:39
  Speaker 3: neighborhood more suited to them supplies a house or apartment.
• 50:44
  Speaker 3: The non portable fixed rate thirty year mortgage, an invention
• 50:47
  Speaker 3: of our federal housing subsidy regime, leads people to stay
• 50:52
  Speaker 3: where they are where they are, rather than move to
• 50:55
  Speaker 3: where they want to go and free up a scarce house.
• 50:58
  Speaker 2: Or condo for someone else.
• 51:01
  Speaker 3: Strong Apparently, consumer protection in quotes laws in rental contracts
• 51:07
  Speaker 3: dry up the supply, especially to the marginalized. If you
• 51:11
  Speaker 3: can't kick people out, you're much more careful who you
• 51:15
  Speaker 3: let in. This is the same principle as if you
• 51:17
  Speaker 3: can't fire people, you're not going to hire them. Limits
• 51:20
  Speaker 3: on short term rentals limit rentals, remove rent controls permanently,
• 51:25
  Speaker 3: and house houses and condos can be rented. Many houses
• 51:30
  Speaker 3: and apartments need rehab, not new construction, which which can
• 51:35
  Speaker 3: happen very quickly once owners the rehab know that they
• 51:39
  Speaker 3: will not be robbed of their investment. Even affordable housing
• 51:44
  Speaker 3: leads people to stay where they are rather than move
• 51:47
  Speaker 3: to better opportunities for them and free up an apartment.
• 51:50
  Speaker 2: For someone else.
• 51:51
  Speaker 3: Affordable housing in quotation marks because it's rationed with long
• 51:55
  Speaker 3: waiting lists. When Javia Mulay ended control in Buenos Iris,
• 52:01
  Speaker 3: rent went down instantly, nothing had to get built.
• 52:07
  Speaker 2: It can happen in Manhattan. Nothing rings more true.
• 52:14
  Speaker 3: Of our government than restrict supply, subsidize demand, and watch
• 52:20
  Speaker 3: prices skyrocket. Universities in healthcare oppost to children. Along with
• 52:25
  Speaker 3: housing and energy, landlords and utility companies are not, in
• 52:29
  Speaker 3: fact making a killing here. Land owners benefit energy faces.
• 52:35
  Speaker 3: Landowners benefit energy faces rising costs like anything else. AI
• 52:42
  Speaker 3: not Corporate apartment companies, electric utilities, and old companies are
• 52:46
  Speaker 3: the hot stocks of the moment. So, I mean, this
• 52:51
  Speaker 3: goes on and on and on. It's really good, really good.
• 52:57
  Speaker 3: So I encourage you to read. I mean a few
• 52:59
  Speaker 3: lapses here and there in uh, you know what I
• 53:01
  Speaker 3: would consider collectivistic writing, but it's probably you know, he's
• 53:06
  Speaker 3: part of the culture.
• 53:07
  Speaker 2: There's it's it's hard to get away from that.
• 53:10
  Speaker 3: But but but here it is, you know, this is
• 53:15
  Speaker 3: this is the kind of stuff that needs to be supported.
• 53:17
  Speaker 3: This uh really going afterwards after these people? By I mean,
• 53:27
  Speaker 3: if if if all economists wrote this, if all of
• 53:29
  Speaker 3: them chimed in, if all of them attacked this paper,
• 53:32
  Speaker 3: if all of them said that the financial questions was
• 53:34
  Speaker 3: not caused by capitalism, if all of them wrote papers
• 53:37
  Speaker 3: right now about rent control and why it's damaging, is
• 53:39
  Speaker 3: why it's harmful, and why it's wrong, then maybe.
• 53:41
  Speaker 2: We wouldn't get it.
• 53:43
  Speaker 3: The challenge is that the good stays way too silent,
• 53:51
  Speaker 3: way too silence.
• 53:59
  Speaker 2: Uh.
• 54:02
  Speaker 3: You know, he says, you know, the authors say there
• 54:06
  Speaker 3: in control will only be temporary, and he writes many
• 54:09
  Speaker 3: enterprise controls in the last seventeen hundred years, seventeen hundred
• 54:12
  Speaker 3: years and likely more on this earth have promised to
• 54:16
  Speaker 3: be temporary, targeted and combined with structural reforms. I cannot
• 54:20
  Speaker 3: think of a single one that ever has done. So,
• 54:24
  Speaker 3: if you want Mumdani to succeed politically, you will do
• 54:28
  Speaker 3: a lot better than to advise him against self delusion
• 54:32
  Speaker 3: and not to paner to his ill informed instincts. A
• 54:41
  Speaker 3: last thought, Mamdani, if he does follow through in his policies, well, indeed,
• 54:47
  Speaker 3: make Manhattan much more affordable, chase away the wealthy people,
• 54:51
  Speaker 3: all the businesses and business owners and apartments will be cheap.
• 54:56
  Speaker 3: Detroit is affordable too. Careful what you wish for, you
• 55:02
  Speaker 3: just might get it. So congratulations John Cochran, a good article.
• 55:09
  Speaker 3: We need more more of this with the kind of
• 55:12
  Speaker 3: mal indignation, kind of Mael indignation that he exhibits, kind
• 55:17
  Speaker 3: of the the pissed off attitude, the this is this
• 55:22
  Speaker 3: is just this is just garbage, This is wrong. How
• 55:24
  Speaker 3: can anybody think this kind of attitude? It's exactly what
• 55:27
  Speaker 3: we need in our culture. The left kind of has it,
• 55:31
  Speaker 3: but we don't see it from the female outside. And
• 55:35
  Speaker 3: uh yeah, it's good to see John exhibit, you know, basically.
• 55:44
  Speaker 2: Express it that way. It's great, all right. I think
• 55:50
  Speaker 2: I think, yeah, I think we're good. Let me just
• 55:56
  Speaker 2: do this. I think the email will network, right, So yeah,
• 56:00
  Speaker 2: go read John Cochran if you're interested in have you
• 56:03
  Speaker 2: Melay and the rent control? He did that. There was
• 56:07
  Speaker 2: a bunch of articles about that around early in the year,
• 56:12
  Speaker 2: around March, so you can find that here's another part
• 56:17
  Speaker 2: of the affordability thing. Right.
• 56:19
  Speaker 3: So another thing that Mam Doni has promised us is
• 56:22
  Speaker 3: when Donnia has promised New Yorkers that.
• 56:24
  Speaker 2: He will he will introduce.
• 56:28
  Speaker 3: Government run grocery stores. We know how government run anything,
• 56:32
  Speaker 3: how good it is. So he's going to introduce government
• 56:34
  Speaker 3: run grocery stores because government run grocery stores are going
• 56:38
  Speaker 3: to lower costs. And people make fun of it and
• 56:42
  Speaker 3: think that's funny and ridiculous. But then you know, Mam
• 56:45
  Speaker 3: Donnie has done his homework and he knows a little
• 56:47
  Speaker 3: bit about the stuff, so he says, you know, so
• 56:51
  Speaker 3: the reality is that his proposal, if you read it,
• 56:54
  Speaker 3: his grocery stores include real supply chain management, large volume purchasing,
• 57:00
  Speaker 3: vitally vertical integration into warehousing. I mean, yeah, this is
• 57:05
  Speaker 3: are you inn a business? This is how people run businesses.
• 57:11
  Speaker 3: This is actually one a particular company I can think of.
• 57:14
  Speaker 3: Can you you guys think of a particular company that
• 57:17
  Speaker 3: runs its grocery business like this? You know, supply chain
• 57:20
  Speaker 3: management really really good, in supply change managment, excellent, world
• 57:23
  Speaker 3: class large volume purchasing, they created it, and votergo integration
• 57:29
  Speaker 3: into warehousing.
• 57:30
  Speaker 2: They're there.
• 57:31
  Speaker 3: They're the best in the world at it. Who who
• 57:33
  Speaker 3: who actually runs their business that way? Who actually does that?
• 57:36
  Speaker 1: Oh?
• 57:37
  Speaker 3: Yeah, it's a small company called Walmart. So why isn't
• 57:43
  Speaker 3: Walmont in New York? Why a grocery price is.
• 57:46
  Speaker 2: So high and Walmart not in New York? Hmm? Anybody
• 57:53
  Speaker 2: know why Walmont is not in New York Because it's
• 57:57
  Speaker 2: banned from New York. I mean, it's banned from New York.
• 58:04
  Speaker 3: So there's a reason why the cost of living is
• 58:07
  Speaker 3: high in New York because regulations kill the low cost providers.
• 58:13
  Speaker 2: I mean.
• 58:14
  Speaker 3: You can go back to a new story in New
• 58:16
  Speaker 3: York Times from Matt six, twenty thirteen, a respite in
• 58:21
  Speaker 3: efforts by Walmart in New York. Basically after losing a
• 58:24
  Speaker 3: battle in September to open its first store in New
• 58:27
  Speaker 3: York City, Walmart Stores appears to have scaled back its
• 58:30
  Speaker 3: efforts to gain a foothold in the nation's largest city.
• 58:34
  Speaker 2: The company is.
• 58:35
  Speaker 3: Pulled back after it's pushed to open a store in
• 58:37
  Speaker 3: the East New York section of Brooklyn fell through, and
• 58:40
  Speaker 3: after it terminated its contracts with five lobbyist consultants it
• 58:44
  Speaker 3: had hired to help win approval for that project. So
• 58:52
  Speaker 3: I mean, let's have New York City run stores.
• 58:55
  Speaker 2: Why not?
• 58:55
  Speaker 3: I mean, let's give them, Donnie, let's give them the opportunity.
• 59:01
  Speaker 2: But let's also let Walmart in and let's see who
• 59:05
  Speaker 2: can create better vertical integration and superior supply chain management
• 59:12
  Speaker 2: and volume purchasing. I mean, let's go, let's compete. But no,
• 59:18
  Speaker 2: we know that's impossible.
• 59:20
  Speaker 3: And to justify the whole, I'm gonna I'm gonna build
• 59:24
  Speaker 3: my own, my own grocery store. They're gonna ban more
• 59:27
  Speaker 3: grocery stoes, not introduce more. They're gonna reduce competition, not
• 59:31
  Speaker 3: increased competition. Let's change this to that and then redo it. Right,
• 59:38
  Speaker 3: that makes more sense.
• 59:39
  Speaker 2: All right?
• 59:39
  Speaker 3: Reminded I to ask questions, super check questions. So we
• 59:42
  Speaker 3: have a second half of the show. It's coming up soon.
• 59:44
  Speaker 1: All right.
• 59:45
  Speaker 2: Uh, quick update on Heritage. Uh.
• 59:49
  Speaker 3: One of Heritage's board members a very prominent professor from Princeton,
• 59:55
  Speaker 3: Robbie George, one.
• 59:57
  Speaker 2: Of the I don't know.
• 59:58
  Speaker 3: I mean, I I look, I'm not big in conservative stuff,
• 1:00:02
  Speaker 3: and I'm not a big fan of conservatives generally, but
• 1:00:04
  Speaker 3: Robbie George is like the academic conservative. I mean, he's
• 1:00:09
  Speaker 3: he's a big shot. He is like the definition of
• 1:00:13
  Speaker 3: what it means to be a conservative. Well, Robbie George
• 1:00:18
  Speaker 3: has left Heritage Board. More people are leaving. We talked
• 1:00:22
  Speaker 3: about Adam Ossoff resigning. I've seen other people now resigning
• 1:00:26
  Speaker 3: and leaving. And you know, the board itself, we've got
• 1:00:31
  Speaker 3: one of its most prominent members, Robbie George, leaving.
• 1:00:34
  Speaker 2: And and and of.
• 1:00:35
  Speaker 3: Course kind of the post liberals are salibating this because
• 1:00:39
  Speaker 3: Robbie George is an enemy of post liberals. He's kind
• 1:00:42
  Speaker 3: of an old line Conservative. And yep, I mean it's
• 1:00:47
  Speaker 3: it's a it's a real changing of the god, I
• 1:00:49
  Speaker 3: think within kind of the conservative movement as as the
• 1:00:54
  Speaker 3: the kind of older you know, most substantive people are escaping.
• 1:01:02
  Speaker 3: I think escaping is the right wood from from the
• 1:01:06
  Speaker 3: anti Semitism and the uh, the you know, crazy ideas,
• 1:01:12
  Speaker 3: really insane ideas of so many people within this, within this,
• 1:01:19
  Speaker 3: within the new conservative movement that yeah, they're running like
• 1:01:25
  Speaker 3: they know the ship is sinking, they know it's kind
• 1:01:28
  Speaker 3: of over and they don't want to be there and
• 1:01:30
  Speaker 3: they don't want to be a part of it. They
• 1:01:32
  Speaker 3: don't want they want they they're canceling themselves. They're canceling
• 1:01:35
  Speaker 3: themselves out of association with these people.
• 1:01:38
  Speaker 2: Good for them, it's the right thing to do. And uh,
• 1:01:42
  Speaker 2: it's it's good to see that even kind of conservatives
• 1:01:45
  Speaker 2: are doing and not just like Adam who's an objectivist.
• 1:01:50
  Speaker 2: All right, I think that's all I had to say
• 1:01:52
  Speaker 2: about heritage. Oh yeah, Japan. Lots to say about Japan.
• 1:01:58
  Speaker 2: Let me just let me just see. We'll just run
• 1:02:02
  Speaker 2: through a bunch of different little items about Japan. But
• 1:02:04
  Speaker 2: Japan just popped into the news today. A few things.
• 1:02:08
  Speaker 2: One is, Japanese economy is doing very badly.
• 1:02:11
  Speaker 3: It turns out that Japan is in a recession and
• 1:02:15
  Speaker 3: the cause of that recession is blamed on Trump's tariffs.
• 1:02:21
  Speaker 3: And I like what Richard Hanania has to say about this.
• 1:02:26
  Speaker 3: He writes, we contracted the economy of one of our
• 1:02:28
  Speaker 3: closest allies in the world for three quarters of a century,
• 1:02:33
  Speaker 3: and the main check on China.
• 1:02:35
  Speaker 2: We did it. Don't let anyone ever tell you America
• 1:02:38
  Speaker 2: can't win.
• 1:02:41
  Speaker 3: See, our tariffs are having not only hopable impact on Americans,
• 1:02:47
  Speaker 3: they were also having a real impact on our allies,
• 1:02:51
  Speaker 3: on our friends, on countries that a bulwark against our
• 1:02:57
  Speaker 3: so called enemy China, and indeed, Japan is now right
• 1:03:02
  Speaker 3: now in quite a.
• 1:03:06
  Speaker 2: Quite a fight with China.
• 1:03:11
  Speaker 3: Japanese new Prime Minister, the margat Thatcher, you know Japan
• 1:03:15
  Speaker 3: they call her right the Iron Lady. She basically said
• 1:03:19
  Speaker 3: something like, you know, if China invades Taiwan, we might
• 1:03:23
  Speaker 3: have to intervene on Taiwan side.
• 1:03:25
  Speaker 2: We might have to defend Taiwan. I mean, this made
• 1:03:29
  Speaker 2: Beijing super angry, and they have told people, They told
• 1:03:36
  Speaker 2: the Chinese people not to go travel to Japan.
• 1:03:39
  Speaker 3: Five hundred thousand tickets from Chinese tourists have been canceled.
• 1:03:47
  Speaker 3: Trade Japan and China I think, I think China's the
• 1:03:49
  Speaker 3: biggest trade partner for JAPANO. They're both big trade partners
• 1:03:53
  Speaker 3: with one another. They are right, they are so trade
• 1:04:00
  Speaker 3: is being damaged right now. This is after she had
• 1:04:05
  Speaker 3: recently met with Xi Jimping, the President of China, where
• 1:04:11
  Speaker 3: they tried to improve relations, and she stepped on it.
• 1:04:15
  Speaker 3: And now it's my choice now. She stepped on it
• 1:04:17
  Speaker 3: by saying something that true and just and right.
• 1:04:20
  Speaker 2: But yeah, I mean.
• 1:04:26
  Speaker 3: It's a lot of Chinese. Chinese are boycotting in Japan,
• 1:04:31
  Speaker 3: and this could have a real impact on Japan. Chinese
• 1:04:36
  Speaker 3: airplanes have breached Japanese airspace, some ships breached the airspace.
• 1:04:43
  Speaker 3: There's a lot of tension. It's not going to evolve
• 1:04:46
  Speaker 3: into anything substantive, substantial. I think Japan will probably retreat
• 1:04:50
  Speaker 3: in some way or say something that is moderate the
• 1:04:54
  Speaker 3: whole thing, and they'll get back together and they'll play kumbaya.
• 1:04:57
  Speaker 2: But this is the country that we're peanut with the.
• 1:05:01
  Speaker 3: With the tariffs, this is the country that's going through
• 1:05:04
  Speaker 3: hally economic times.
• 1:05:07
  Speaker 2: But it's also.
• 1:05:09
  Speaker 3: Disappointing because this uh, this new prime minister, takai Ichi Takaichi,
• 1:05:17
  Speaker 3: the first female prime minister in Japanese history. UH and
• 1:05:20
  Speaker 3: and somebody you know compared to Marga Thatcher is not
• 1:05:23
  Speaker 3: Marga Thatcher.
• 1:05:26
  Speaker 2: Her solution to.
• 1:05:29
  Speaker 3: Japan's comment economic plight is more government spending. She is
• 1:05:34
  Speaker 3: going to be proposing, i think next week, a massive
• 1:05:39
  Speaker 3: stimulus bill to stimulate the Japanese economy, even though Japan
• 1:05:43
  Speaker 3: has gone through many, many, many of these stimulus bills
• 1:05:45
  Speaker 3: and they never seem to really work. They don't work
• 1:05:47
  Speaker 3: because stimulus bills don't work. She is she's very much
• 1:05:53
  Speaker 3: a Kinesian in that sense. She's very much big government.
• 1:05:56
  Speaker 3: The bond market in Japan is going you know, or
• 1:06:00
  Speaker 3: nuts about this because Japan has what two and fifty
• 1:06:03
  Speaker 3: four percent GDP debt to GDP st have a huge
• 1:06:07
  Speaker 3: amount of debt, it's not clear, and they're running a deficit.
• 1:06:11
  Speaker 3: It's not clear how they can do the stimulus package
• 1:06:14
  Speaker 3: without blowing up debt.
• 1:06:16
  Speaker 2: So interestates are going up.
• 1:06:18
  Speaker 3: So basically they're telling the goverment, if you want to
• 1:06:20
  Speaker 3: sell us more debt to finance the stimulus, you're gonna
• 1:06:23
  Speaker 3: have to pass a lot of interest to compensate for
• 1:06:25
  Speaker 3: the popossibility that you will never be able to pay
• 1:06:28
  Speaker 3: this back. So Japan actually has fifty year bonds. The
• 1:06:34
  Speaker 3: interestate there has gone up a lot, but so have
• 1:06:37
  Speaker 3: their thirty and forty and year.
• 1:06:39
  Speaker 2: Bonds that have all gone up in price, which is
• 1:06:42
  Speaker 2: going to make it more difficult for Japan because if
• 1:06:45
  Speaker 2: it if it borrows money at very high interest rates,
• 1:06:48
  Speaker 2: then it has to pay that interest out of its budgets,
• 1:06:53
  Speaker 2: just like the.
• 1:06:53
  Speaker 3: United States, and that will only increase its deficits, increase
• 1:06:58
  Speaker 3: its debt.
• 1:07:00
  Speaker 2: Is a real challenge, real challenge.
• 1:07:04
  Speaker 3: The Japanese government faces, and of course this is all
• 1:07:07
  Speaker 3: because they want to spend more money, which is I mean,
• 1:07:10
  Speaker 3: you could fix the Japanese economy pretty quickly and pretty
• 1:07:12
  Speaker 3: easily if you're willing to do it, But nobody's actually
• 1:07:17
  Speaker 3: willing to do it, and nobody holds the ideas that
• 1:07:20
  Speaker 3: are necessary in order to do it. And finally, I
• 1:07:22
  Speaker 3: saw this as a headline in Bloomberg Japan. Stakaichi says
• 1:07:28
  Speaker 3: companies corporations should focus focus too much on shareholders. They
• 1:07:35
  Speaker 3: should stop making money, and she wants to pass a
• 1:07:38
  Speaker 3: law that requires them to focus more on employees. So
• 1:07:42
  Speaker 3: part of the slowdown is too many companies are laying
• 1:07:44
  Speaker 3: off too many employees and want to raise employee wages.
• 1:07:47
  Speaker 3: We want to force companies to raise employees wages and
• 1:07:51
  Speaker 3: thus raise the.
• 1:07:53
  Speaker 2: Economy, improve the economy.
• 1:07:55
  Speaker 3: I mean this is I mean John Cochran should write
• 1:07:58
  Speaker 3: an essay and why this is, I don't know what's
• 1:08:01
  Speaker 3: term stupid economics, really really bad economics, really really really
• 1:08:06
  Speaker 3: bad economics. So they have it, really really really bad
• 1:08:11
  Speaker 3: economics dominating the day.
• 1:08:14
  Speaker 2: Pretty much everywhere unfortunately.
• 1:08:17
  Speaker 3: And let's see, I need to make one more change
• 1:08:23
  Speaker 3: here so I can actually see this right there, we go,
• 1:08:27
  Speaker 3: all right, we are going to move to your super
• 1:08:31
  Speaker 3: check questions, and.
• 1:08:34
  Speaker 2: You can continue to ask questions. There's plenty of times
• 1:08:36
  Speaker 2: continue to ask questions.
• 1:08:38
  Speaker 3: In particular, I'll encourage you to ask, you know, questions
• 1:08:47
  Speaker 3: at the twenty dollars level so we can chip away
• 1:08:49
  Speaker 3: at our goal. It's going to be difficult to tip
• 1:08:52
  Speaker 3: away the goal with one or two dollar questions, but
• 1:08:54
  Speaker 3: they're appreciated, but just more difficult. We are probably short
• 1:09:01
  Speaker 3: of our first hour goal, even though we've passed our
• 1:09:03
  Speaker 3: first hour goal and was now in our second hour.
• 1:09:05
  Speaker 2: So please consider helping us get to the second hour goal.
• 1:09:08
  Speaker 2: It's five hundred dollars, so we're short about three hundred.
• 1:09:11
  Speaker 3: Dollars to get there, so please consider that. And you
• 1:09:16
  Speaker 3: can do that with stickers. You don't have to ask
• 1:09:17
  Speaker 3: a question. I know a lot of you don't have
• 1:09:19
  Speaker 3: questions or don't want to ask questions. You're just shy.
• 1:09:22
  Speaker 3: So you can use a sticker and with a sticker,
• 1:09:24
  Speaker 3: you don't ask, you don't have to ask a question.
• 1:09:27
  Speaker 3: And you can do a sticker for a couple of bucks.
• 1:09:29
  Speaker 3: You can do a stick of full you know, a
• 1:09:33
  Speaker 3: variety of different amounts of money. We have already got
• 1:09:37
  Speaker 3: some stickers from like Gael, Thank you, Gail, and Stephen Harper,
• 1:09:41
  Speaker 3: thank you. And John Skogins, thank you, you know. And
• 1:09:45
  Speaker 3: they did five dollars, ten dollars and some you know,
• 1:09:49
  Speaker 3: usually my stickers, you know, I get many of them
• 1:09:52
  Speaker 3: are one, two, three dollars, all right, so trade value
• 1:09:56
  Speaker 3: for value bringing the stickers. There's Lincoln just did five dollars,
• 1:10:00
  Speaker 3: so you know most of you can do. Lincoln's a student,
• 1:10:03
  Speaker 3: so I'm sure most of you can do five.
• 1:10:05
  Speaker 2: Dollars as well. A few five dollars and we get
• 1:10:08
  Speaker 2: to our goal. It wouldn't take that long, all right.
• 1:10:12
  Speaker 3: So I get a question by email and a super
• 1:10:16
  Speaker 3: chat contribution via Pepal, which is an option for you guys.
• 1:10:22
  Speaker 3: So I'll start with that because it was also I
• 1:10:24
  Speaker 3: think like one hundred dollars or seventy five dollars.
• 1:10:27
  Speaker 2: Or something like that was significant amount. So I'll start
• 1:10:33
  Speaker 2: with that question, and then I'll take the questions that
• 1:10:36
  Speaker 2: you have asked today, So feel free to jump in
• 1:10:39
  Speaker 2: with more questions.
• 1:10:41
  Speaker 3: While I'm answering this question, he wants to pose a hypothetical.
• 1:10:45
  Speaker 3: I don't particularly like hypotheticals, but let's go with it.
• 1:10:48
  Speaker 3: This is hypothetical. This is Joe. Joe lives in eighteen
• 1:10:54
  Speaker 3: o two in Jackson, Mississippi. He is twenty years old.
• 1:10:59
  Speaker 3: He's just inhabited a cotton plantation. Now he believes slavery
• 1:11:03
  Speaker 3: is wrong, and he teaches slaves humanly. At the age
• 1:11:08
  Speaker 3: of forty, he discovers objectivism and becomes an ardence supporter
• 1:11:12
  Speaker 3: and promoter. Now it's a little challenging, given the nine
• 1:11:16
  Speaker 3: rand wasn't even a glimmer in anybody's hope. She hadn't
• 1:11:19
  Speaker 3: been born yet. But okay, we're gonna roll with the hypothetical. Right,
• 1:11:23
  Speaker 3: what should Joe do? It's now eighteen twenty two, free
• 1:11:30
  Speaker 3: as slaves and sell his plantation, donate a small amount
• 1:11:33
  Speaker 3: amount to objectivest movement, and he used the rest of
• 1:11:36
  Speaker 3: his money to live a dull life since going cotton
• 1:11:39
  Speaker 3: is the only thing he knows.
• 1:11:42
  Speaker 2: Two, keep the plantation free the.
• 1:11:45
  Speaker 3: Slaves, hire cotton workers, and try to grow his business
• 1:11:49
  Speaker 3: against all odds. Three, keep the plantation and the slaves
• 1:11:56
  Speaker 3: and use the large portions of the annual of his
• 1:11:59
  Speaker 3: annually generated wealth to fight slavery and promote objectivism, and
• 1:12:04
  Speaker 3: sleep well at night by rationalizing that they njustifies the means.
• 1:12:11
  Speaker 2: Four, same as three, but he.
• 1:12:13
  Speaker 3: Never gets a good night's sleep since he knows that
• 1:12:16
  Speaker 3: slavery is a horrible institution and owning slaves is an
• 1:12:19
  Speaker 3: absolute evil.
• 1:12:20
  Speaker 2: Thanks Joe, all right, So what should Joe do now?
• 1:12:27
  Speaker 3: In my view, he's only got two options here, that
• 1:12:30
  Speaker 3: is either one or two. That is, you cannot own slaves.
• 1:12:35
  Speaker 3: Owning slaves is just unacceptable. There's no excuse for it.
• 1:12:38
  Speaker 3: Certainly once you discover objectivism, as he has in eighteen
• 1:12:42
  Speaker 3: twenty two.
• 1:12:44
  Speaker 2: He can't own slaves. It makes him a monster. Owning
• 1:12:49
  Speaker 2: slave is monstrous, particularly.
• 1:12:52
  Speaker 3: You know, when it's optional, particularly when it's the slave,
• 1:12:57
  Speaker 3: particularly when you're not you know. I think I think
• 1:13:01
  Speaker 3: all the funding fathers should have released their slaves. It's
• 1:13:03
  Speaker 3: sad that they didn't. It's horrible that they didn't. They
• 1:13:08
  Speaker 3: all had their rationalizations, but they should have. So he
• 1:13:10
  Speaker 3: should free the slaves. And then the only question is
• 1:13:14
  Speaker 3: should he also sell the plantation and you know, live
• 1:13:18
  Speaker 3: a dull life as he says, we'll get to there
• 1:13:20
  Speaker 3: in a second, or hire cotton workers and try to
• 1:13:24
  Speaker 3: go his business against odds.
• 1:13:27
  Speaker 2: I'd say, you know, either one of those options. But
• 1:13:31
  Speaker 2: I don't agree with the evaluation of them, like he's
• 1:13:34
  Speaker 2: made good money.
• 1:13:35
  Speaker 3: Supposedly, according to this, he's made good money. He's an
• 1:13:38
  Speaker 3: auden support.
• 1:13:39
  Speaker 2: Of objectivism, so he's giving money away.
• 1:13:41
  Speaker 3: He's got money, you know, why is cotton only thing
• 1:13:48
  Speaker 3: he knows? He's only forty, many, many, many people have
• 1:13:54
  Speaker 3: reinvented themselves at the age of forty. Why can't he
• 1:13:58
  Speaker 3: become an entrepreneur. Why can't use the money from selling
• 1:14:02
  Speaker 3: the plantation to buy a factory, invest in a railroad,
• 1:14:07
  Speaker 3: build a railroad, build a steam engine. I don't know,
• 1:14:11
  Speaker 3: there are a million things he could do. The idea
• 1:14:15
  Speaker 3: that you know, he's going to live a dull life
• 1:14:17
  Speaker 3: since going cotton is the only thing he knows. Well,
• 1:14:20
  Speaker 3: there's no such thing as the only thing you know,
• 1:14:24
  Speaker 3: I mean, particularly if you like objectivism, know something new,
• 1:14:30
  Speaker 3: reinvent yourself. I mean, it's such a passive attitude. It's
• 1:14:36
  Speaker 3: a you know, there's so many things. I mean, go
• 1:14:40
  Speaker 3: travel the world, see the world, come back with ideas
• 1:14:43
  Speaker 3: and what kind of business you can start. You've got money,
• 1:14:46
  Speaker 3: you've got time, do something interesting with it. Go get
• 1:14:49
  Speaker 3: a PhD at a university, uh and become an abolitionist.
• 1:14:53
  Speaker 2: I don't know.
• 1:14:53
  Speaker 3: But the idea that you're going to live a dull
• 1:14:57
  Speaker 3: life because the only thing you know is growing cotton
• 1:15:00
  Speaker 3: is such an awful, horrible perspective on human life. There's
• 1:15:08
  Speaker 3: always more to know, there's always more things you could do.
• 1:15:15
  Speaker 3: And even if he wants to stay in the cotton industry,
• 1:15:17
  Speaker 3: the idea that going to business against all odds, I'm
• 1:15:21
  Speaker 3: not sure of that at all. Like, cotton workers are
• 1:15:24
  Speaker 3: more incentivized to work for you because you're actually paying them.
• 1:15:29
  Speaker 3: You know, you might even hire some of your form
• 1:15:32
  Speaker 3: of slaves, pay them a good wage, and now they're
• 1:15:34
  Speaker 3: much more motivated. They're going to be, you know, significantly
• 1:15:38
  Speaker 3: more productive than they used to be a slaves. Maybe
• 1:15:41
  Speaker 3: you can even think about automation and bring in machines
• 1:15:45
  Speaker 3: to help. I mean, the cotton mills were invested around
• 1:15:50
  Speaker 3: this period, maybe a little after, I think around this period,
• 1:15:53
  Speaker 3: So bring in machinery. You know, again, as an objectivist,
• 1:15:59
  Speaker 3: you always want to grow. Oh, you always want to challenge,
• 1:16:02
  Speaker 3: You always want to figure out new things.
• 1:16:05
  Speaker 2: You always want to do something new and different. So
• 1:16:11
  Speaker 2: it's sad that your option one or two, you're assuming
• 1:16:18
  Speaker 2: boredom and dullness and impossibility or massive difficulties that are
• 1:16:24
  Speaker 2: not worth it when I don't think that's the case
• 1:16:26
  Speaker 2: at all. So one or two, you can't own slaves.
• 1:16:30
  Speaker 3: That is completely untenable, unacceptable, cannot happen. Lincoln, thank you
• 1:16:38
  Speaker 3: twenty dollar sticker. That is amazing. Normans of Randroid, thank
• 1:16:41
  Speaker 3: you for Oh, thank you for the sticker.
• 1:16:44
  Speaker 2: Nomaha.
• 1:16:44
  Speaker 3: R Android did ninety ninety cents and that's great. A dollar,
• 1:16:47
  Speaker 3: all of you can do a dollar. Oh, you can
• 1:16:49
  Speaker 3: afford a dollar value for value. By the way, I'm
• 1:16:51
  Speaker 3: looking for eleven people. Eleven new people, people who haven't
• 1:16:55
  Speaker 3: done this before. Are not contributing monthly to the one
• 1:16:59
  Speaker 3: book show. I'm looking for never eleven people to become
• 1:17:02
  Speaker 3: contributors to the Iran Book Show over the next month
• 1:17:06
  Speaker 3: and a week or two weeks, so by the end
• 1:17:09
  Speaker 3: of the year. You know, I've got a number in mind.
• 1:17:13
  Speaker 3: I'm looking for eleven. I'll let you know how we progress,
• 1:17:15
  Speaker 3: if we progress. But yeah, if you could support the
• 1:17:18
  Speaker 3: Iron Book Show on a monthly basis by going to
• 1:17:20
  Speaker 3: Patreon dot com, that would be amazing. I would immense
• 1:17:25
  Speaker 3: gratitude because it would it would help a lot. It's
• 1:17:29
  Speaker 3: so much better to have a predictable social thing. I mean,
• 1:17:31
  Speaker 3: sober chat is great, but the foundation of the Iran
• 1:17:36
  Speaker 3: book show financier finances are Patreon and PayPal.
• 1:17:40
  Speaker 2: That's the foundation. All right, let me take.
• 1:17:46
  Speaker 3: Some of the questions that were originally Some of them
• 1:17:51
  Speaker 3: have disappeared, but I saved them, so we got them,
• 1:17:54
  Speaker 3: all right. Pbe actually asked the first question. It's a
• 1:17:56
  Speaker 3: twenty dollars question, so you know, start off with it.
• 1:18:04
  Speaker 3: And another hypothetical kind of people says, imagine an invitation
• 1:18:09
  Speaker 3: to the White House by Trump, What principle logical steps
• 1:18:14
  Speaker 3: determine whether attending would be wrongly sanction his presidency under
• 1:18:20
  Speaker 3: what conditions?
• 1:18:21
  Speaker 2: That is debate, et cetera.
• 1:18:23
  Speaker 3: Could a meeting be a great, good opportunity, God, it's
• 1:18:31
  Speaker 3: an interesting question. I can't think of a context in
• 1:18:35
  Speaker 3: which it would be a good opportunity.
• 1:18:36
  Speaker 2: By the way, Wes, thank you for the fifty dollars.
• 1:18:39
  Speaker 3: Really really really appreciate your support, consistent support over time,
• 1:18:43
  Speaker 3: So thank you, thank you, thank you. So meeting Trump
• 1:18:50
  Speaker 3: in the White House, it's unlikely you would have any
• 1:18:54
  Speaker 3: opportunity to really address anybody. It's unlikely you get a
• 1:18:59
  Speaker 3: microphone to America, so you get to talk to Trump.
• 1:19:04
  Speaker 3: There's nothing you can say to Trump that will make
• 1:19:06
  Speaker 3: any difference one way or the other. I guess the
• 1:19:09
  Speaker 3: only thing that it could the benefit of it would
• 1:19:12
  Speaker 3: be to give you kind of a presence at the
• 1:19:18
  Speaker 3: White House, which would then be broadcast to the world,
• 1:19:22
  Speaker 3: and maybe give you know, your own book is maybe
• 1:19:26
  Speaker 3: that will increase subscribers and increase interest in objectivism. Ultimately,
• 1:19:31
  Speaker 3: if you're giving a microphone, it gives you a platform
• 1:19:34
  Speaker 3: from which to advocate for things. But then if you're
• 1:19:38
  Speaker 3: giving a microphone, then the question is visiting the White
• 1:19:42
  Speaker 3: House getting all this is if you're not going to
• 1:19:47
  Speaker 3: criticize Trump. Does it come across as if you are
• 1:19:51
  Speaker 3: agreeing with him, as if you respect him?
• 1:19:54
  Speaker 2: Is if you have anything in common with him?
• 1:19:59
  Speaker 3: And so I would only do it if I had
• 1:20:01
  Speaker 3: the opportunity to address the same audience that saw me
• 1:20:05
  Speaker 3: visiting Trump, who knew I was really Trump, also know
• 1:20:08
  Speaker 3: how much I opposed Trump, and of course that would
• 1:20:10
  Speaker 3: never happen, so the meeting would never happen, so I
• 1:20:11
  Speaker 3: would never get invited. So no, I'm not going, I
• 1:20:16
  Speaker 3: think is the bottom line. Now, you know you could
• 1:20:19
  Speaker 3: create I'm sure a circumstance. But I don't see the point.
• 1:20:26
  Speaker 3: I really don't see the point. It strikes me as
• 1:20:28
  Speaker 3: a waste of time, waste.
• 1:20:30
  Speaker 2: Of effort, and too much of a sanction.
• 1:20:34
  Speaker 3: And yeah, given what I've said about Trump, it's never
• 1:20:38
  Speaker 3: gonna happen. Although look jd Vance said that Trump was
• 1:20:42
  Speaker 3: an AASI in twenty fifteen. So I guess if you
• 1:20:47
  Speaker 3: grovel enough, if you kiss the ring enough, if you
• 1:20:51
  Speaker 3: if you apologize enough, then maybe you get a second
• 1:20:54
  Speaker 3: chance and maybe you can go see the man that
• 1:20:59
  Speaker 3: ain't happening.
• 1:21:00
  Speaker 2: It ain't happening. As you know, I'm not that type.
• 1:21:06
  Speaker 3: Lincoln says, do you know what the application process for
• 1:21:10
  Speaker 3: AIU is? It looks really useful for my career goals,
• 1:21:15
  Speaker 3: but I ran into issues with accessing the website. I'll
• 1:21:17
  Speaker 3: send you an email if it's complex. I don't think
• 1:21:19
  Speaker 3: it's complex at all. I mean, AIU now as a program,
• 1:21:24
  Speaker 3: does not require an application. You just have to sign up,
• 1:21:27
  Speaker 3: so you have to apply for scholarship. I don't think
• 1:21:31
  Speaker 3: that's complex. But I really don't know. The best thing
• 1:21:34
  Speaker 3: is to email the people at AAR in charge of that.
• 1:21:38
  Speaker 3: If you email me, I could forward it to somebody.
• 1:21:41
  Speaker 3: But I actually don't know what the process is.
• 1:21:44
  Speaker 2: I don't know how complex it is to apply for
• 1:21:45
  Speaker 2: scholarship for EAU classes. But you should do it now.
• 1:21:49
  Speaker 2: This semester is about to start in January, so you
• 1:21:53
  Speaker 2: get it done. Get it done. Thanks Lincoln.
• 1:21:59
  Speaker 3: Michael ben Shapiro just at a video attacking Steve Bannon.
• 1:22:03
  Speaker 2: Oh it's about time, nine years too late. Will he
• 1:22:09
  Speaker 2: be able to stop.
• 1:22:09
  Speaker 3: The New Right on his own or it's too powerful
• 1:22:12
  Speaker 3: and too irreversible At this point, the old Right is
• 1:22:16
  Speaker 3: the wine of republic. You know, I don't know. I
• 1:22:20
  Speaker 3: don't know much about the right. And look, he's not alone.
• 1:22:24
  Speaker 3: He is alone maybe among the big podcasters. But again,
• 1:22:30
  Speaker 3: Robbie George just left the.
• 1:22:33
  Speaker 2: Heritage Foundation board.
• 1:22:35
  Speaker 3: I read you letters from people who left the Intercollegious
• 1:22:38
  Speaker 3: Studies Institute Board, you know, at a Moss office left.
• 1:22:43
  Speaker 3: There are a lot of people who were in the
• 1:22:46
  Speaker 3: kind of Republican right circles that are disgusted by Tucker
• 1:22:51
  Speaker 3: and Foyintes and all these guys. So I don't think
• 1:22:54
  Speaker 3: he's alone in thatsense, but he is alone in terms
• 1:22:57
  Speaker 3: of a public figure. Is it going to be an
• 1:23:00
  Speaker 3: enough for everything? That they're doing to stop what is happening.
• 1:23:04
  Speaker 3: You know, I just I just don't know. It is
• 1:23:08
  Speaker 3: very very hard to tell. I'm not involved enough in
• 1:23:13
  Speaker 3: the inner workings of the rights and Republicans.
• 1:23:17
  Speaker 2: I don't know, hy powerful lot. I don't know. If
• 1:23:19
  Speaker 2: you saw the the latest of this young Republican staffer
• 1:23:25
  Speaker 2: in New York who did a video or portraying jusus cockroaches,
• 1:23:30
  Speaker 2: he's been fired. Uh, it took it took a little
• 1:23:34
  Speaker 2: bit before he was completely fired, but he was ultimately fired.
• 1:23:37
  Speaker 2: So there was some backlash against us. There's some backlash
• 1:23:39
  Speaker 2: against it, but.
• 1:23:40
  Speaker 3: It's also the rot is more disgusting and deeper than
• 1:23:44
  Speaker 3: anybody thought.
• 1:23:48
  Speaker 2: How much what is actually going to give? I just
• 1:23:51
  Speaker 2: don't know. I just don't know. All right, Yeah, note,
• 1:23:57
  Speaker 2: I'll go with them.
• 1:23:58
  Speaker 3: Where they burned the books, they were all too burned
• 1:24:00
  Speaker 3: people as well, Henry Heine.
• 1:24:02
  Speaker 2: I think that's right. I think that's right, Lincoln says,
• 1:24:06
  Speaker 2: But you're on they have top golf players and F
• 1:24:10
  Speaker 2: one races and oil money, So that make the illiberalism
• 1:24:17
  Speaker 2: okay according to Trump, Well not just according to Trump,
• 1:24:19
  Speaker 2: it's also.
• 1:24:20
  Speaker 3: According to the to the golf players who go there
• 1:24:23
  Speaker 3: the Formula one racers who race there. The engineers go
• 1:24:28
  Speaker 3: and build them their big cities and big.
• 1:24:32
  Speaker 2: You know, infrastructure projects.
• 1:24:34
  Speaker 3: It's it's okay based on for a lot of people
• 1:24:37
  Speaker 3: who sanction the kind of theocracy, the kind of evil
• 1:24:42
  Speaker 3: that is.
• 1:24:44
  Speaker 2: The Saudi regime, and it's sad.
• 1:24:48
  Speaker 3: It's sad that people are not willing to take them
• 1:24:50
  Speaker 3: all stand against these kind of things. We would live
• 1:24:55
  Speaker 3: in a much better world if people did, if people
• 1:24:58
  Speaker 3: actually took them all. Stand again against you know, against
• 1:25:06
  Speaker 3: the Saudi people like the Saudi region, regimes like the
• 1:25:09
  Speaker 3: Saudi Region.
• 1:25:12
  Speaker 2: But we don't live in that world. We live in
• 1:25:14
  Speaker 2: the world we have. This is what we have. This
• 1:25:16
  Speaker 2: is what we have to deal with. All right.
• 1:25:19
  Speaker 3: Let's see, Ryan, Thank you Ryan. Cities across Canada raise
• 1:25:25
  Speaker 3: the Palestinia Jamas flag over the weekend.
• 1:25:28
  Speaker 2: God, it's so sickening. It is so sickening. They raised
• 1:25:31
  Speaker 2: the flag a murderous, genocidal rape, mass murderers, that's what
• 1:25:36
  Speaker 2: they raised the flag of. It strikes as you mool
• 1:25:39
  Speaker 2: for any government to raise a flag other than its
• 1:25:41
  Speaker 2: own flag at the request of a group.
• 1:25:44
  Speaker 3: Can you comment on the principle involved? Well, yeah, I
• 1:25:48
  Speaker 3: mean a government shouldn't raise anybody's flag.
• 1:25:50
  Speaker 2: I agree with that.
• 1:25:51
  Speaker 3: The principle is you represent the people of the particular
• 1:25:56
  Speaker 3: place and space that you are at. You're not advocates
• 1:25:59
  Speaker 3: for some other country in that sense. America first, it
• 1:26:02
  Speaker 3: is true, but it is disgusting and offensive and horrible
• 1:26:10
  Speaker 3: and beneath contempt to raise the flag of an evil organization,
• 1:26:16
  Speaker 3: an evil entity that is dedicated the destruction of Canada,
• 1:26:24
  Speaker 3: I mean from us at the end of the day,
• 1:26:25
  Speaker 3: is not just about Israel. It is dedicated the destruction
• 1:26:28
  Speaker 3: of Western civilization, with Canada barely hanging on with its
• 1:26:32
  Speaker 3: fingernail is still a part.
• 1:26:34
  Speaker 2: Of So it is.
• 1:26:38
  Speaker 3: It is very disappointing and it's very sad that that
• 1:26:43
  Speaker 3: is that that happened and continues to have alex You
• 1:26:53
  Speaker 3: on objectivism, hold that the key to happiness is the
• 1:26:56
  Speaker 3: pursuit of your own of your and zones value, own
• 1:27:01
  Speaker 3: one's own values. What evidence would you give to a
• 1:27:06
  Speaker 3: young person and how to find their own values? Any
• 1:27:09
  Speaker 3: recommendations and resources to help this process?
• 1:27:15
  Speaker 2: You know, I don't know. I think Gene Binswanger, Gene
• 1:27:19
  Speaker 2: Roony Binswanger, and and maybe uh gena Golan.
• 1:27:25
  Speaker 3: Both have h suggestions and maybe a psychologist and maybe
• 1:27:32
  Speaker 3: gene as some workshops and how to do it. I
• 1:27:35
  Speaker 3: think Tou's funny and his Happiness seminar does some of this,
• 1:27:41
  Speaker 3: but fundamentally, it's about introspection. It's about introspecting about what
• 1:27:47
  Speaker 3: you like, what you love, what gets you excited, what
• 1:27:51
  Speaker 3: you're passionate about. Uh.
• 1:27:55
  Speaker 2: And you know, starting there, starting with you know what
• 1:28:01
  Speaker 2: really makes you passionate.
• 1:28:04
  Speaker 3: And it doesn't end there because you have to make
• 1:28:07
  Speaker 3: sure that those values are life performing values. You have
• 1:28:09
  Speaker 3: to make sure that after rational analysis, they are values
• 1:28:13
  Speaker 3: you should pursue because it's likely to lead you to happiness.
• 1:28:18
  Speaker 3: But you know, you've got to You've got to do
• 1:28:20
  Speaker 3: a lot of introspecting and thinking about what it means.
• 1:28:24
  Speaker 3: One of the best ways to discover your values is
• 1:28:30
  Speaker 3: through art, particularly through novels. Novels the portray heroes novels
• 1:28:36
  Speaker 3: to people doing things in the world, and who excites you,
• 1:28:41
  Speaker 3: who gets who gets you really excited about stuff? And
• 1:28:46
  Speaker 3: and and and you know, I want to be like him?
• 1:28:49
  Speaker 3: And then well, how can I be like him? What
• 1:28:51
  Speaker 3: kind of values do I need to pursue in order
• 1:28:53
  Speaker 3: to be like him. So it's a matter of defining
• 1:28:58
  Speaker 3: your mal values they are Iran can help and fountain
• 1:29:02
  Speaker 3: Head Atleashark can help. And then it's defining what specific values.
• 1:29:08
  Speaker 3: Given those mall values you're going to pursue. You have
• 1:29:10
  Speaker 3: to start with them all values. You have to start
• 1:29:12
  Speaker 3: with abstractions. I want to I want to be a hero.
• 1:29:16
  Speaker 2: I want to be.
• 1:29:19
  Speaker 3: Incredibly productive, I want to be of course, you want
• 1:29:22
  Speaker 3: to be rational, that's that's the primary right.
• 1:29:24
  Speaker 2: But break it down.
• 1:29:26
  Speaker 3: What kind of person do you want to be? What
• 1:29:27
  Speaker 3: kind of character do you want to have? Before you
• 1:29:31
  Speaker 3: can get to I want this job, of that job,
• 1:29:34
  Speaker 3: or I want you know this call that call, you
• 1:29:38
  Speaker 3: have to start with what kind of character you want
• 1:29:41
  Speaker 3: to be? What kind of human being do you want
• 1:29:43
  Speaker 3: to be? And again here the best way to do that.
• 1:29:48
  Speaker 3: The best way to do that is read novels. Read
• 1:29:52
  Speaker 3: romantic novels of heroes like Who Go and a lot
• 1:29:57
  Speaker 3: of the even the swashbuckling heroes of the Night.
• 1:30:00
  Speaker 2: Entently, what appeals to you about them? Who are the
• 1:30:03
  Speaker 2: good guys? Who would you like to be like? What
• 1:30:06
  Speaker 2: is it about that person that makes you like them?
• 1:30:10
  Speaker 2: Who Go? Is the best for this, but.
• 1:30:12
  Speaker 3: Any romantic or somewhat romantic literature or movies. But there
• 1:30:18
  Speaker 3: are very few movies that have the same effect. You
• 1:30:20
  Speaker 3: don't get to characterization like you do in a novel.
• 1:30:23
  Speaker 3: In a novel, you dig deep into character. You don't
• 1:30:26
  Speaker 3: in movies. So use art, Use art, use.
• 1:30:29
  Speaker 2: The novel for that.
• 1:30:32
  Speaker 3: And introspect and you know, maybe even look at people
• 1:30:40
  Speaker 3: around you that you admire and you respect. What is
• 1:30:44
  Speaker 3: it about them you admire in respect? What is it
• 1:30:46
  Speaker 3: about them you would.
• 1:30:47
  Speaker 2: Like to be like? What would you like to emulate?
• 1:30:54
  Speaker 2: And you know, follow that.
• 1:30:58
  Speaker 3: So that's the beginning. That's the beginning, But it's a
• 1:31:01
  Speaker 3: lot of introspection, kind of a creating a hierarchy of
• 1:31:04
  Speaker 3: values for yourself. Andrews says a friend. Thirteen year old
• 1:31:11
  Speaker 3: son asked his parents what it means to be good.
• 1:31:15
  Speaker 3: My advice was to address the beneficiary question first, good
• 1:31:20
  Speaker 3: for who and convince him to do things that are
• 1:31:22
  Speaker 3: good for him.
• 1:31:24
  Speaker 2: What do you think of that?
• 1:31:29
  Speaker 3: Yeah, I mean I like that, But you've got to yes,
• 1:31:33
  Speaker 3: You've got to first address the reality that what it
• 1:31:36
  Speaker 3: means to be good is what it means to be
• 1:31:38
  Speaker 3: good for whom. Good is not some floating abstraction, so
• 1:31:43
  Speaker 3: good for whom, and that the benefit should be to you.
• 1:31:47
  Speaker 3: Morality tells you how to be good for you, or
• 1:31:51
  Speaker 3: that you should be good for you, and then you
• 1:31:55
  Speaker 3: can think. Then you can stop breaking down to what
• 1:31:57
  Speaker 3: did that actually mean? What does it mean to be
• 1:31:58
  Speaker 3: good for myself?
• 1:32:00
  Speaker 2: Yes?
• 1:32:01
  Speaker 3: I think that's probably good to start with the beneficiary question.
• 1:32:09
  Speaker 3: I think that's right.
• 1:32:18
  Speaker 2: All right. That is all the twenty dollars questions we have.
• 1:32:21
  Speaker 3: We can still take more, plenty of room to take more,
• 1:32:25
  Speaker 3: so I feel free to ask more twenty dollars questions.
• 1:32:28
  Speaker 3: All right, let's run through these, Liam says in part
• 1:32:31
  Speaker 3: one in our couss talk at OCONN, released today. He
• 1:32:34
  Speaker 3: makes it sound as if nine to eleven was the
• 1:32:36
  Speaker 3: pivotal moment in American loss of self esteem and pride,
• 1:32:40
  Speaker 3: the beginning of a downward, suicidal spiral.
• 1:32:43
  Speaker 2: But most young people.
• 1:32:45
  Speaker 3: Voting for Trump Omamdani don't remember or think about nine
• 1:32:48
  Speaker 3: to eleven. This wave of tribalism and low self esteem.
• 1:32:51
  Speaker 3: Is Karn't winning out over the Enlightenment. Well yeah, I
• 1:32:55
  Speaker 3: mean that's the fundamental cause. But nine to eleven was
• 1:32:59
  Speaker 3: the existential manifestation of that, and It doesn't matter if
• 1:33:04
  Speaker 3: people today don't remember nine to eleven or didn't live
• 1:33:07
  Speaker 3: through nine to eleven.
• 1:33:08
  Speaker 2: The culture was shaped by nine to eleven.
• 1:33:12
  Speaker 3: The way people hold themselves, the way people project, the
• 1:33:15
  Speaker 3: way politicians talk, their parents' generation, their teachers generation, their
• 1:33:20
  Speaker 3: grandparents' generation, you know, the professor's generation, the business leaders generation,
• 1:33:27
  Speaker 3: were all shaped by the.
• 1:33:28
  Speaker 2: Failure of nine to eleven.
• 1:33:30
  Speaker 3: And look, the failure of nine to eleven is the
• 1:33:32
  Speaker 3: consequence of cont winning out over the Enlightenment. The point
• 1:33:36
  Speaker 3: on cause making is that that manifested itself in the
• 1:33:40
  Speaker 3: response to nine to eleven, or even in the pre
• 1:33:42
  Speaker 3: nine eleven lack of defending ourselves. And what's happening today
• 1:33:47
  Speaker 3: is just the playing out of that. That's just the
• 1:33:49
  Speaker 3: continuation of that. But nine to eleven really showed us
• 1:33:58
  Speaker 3: the count won over the Enlightenment. I listen to Lendon
• 1:34:01
  Speaker 3: Peacocks America versus Americans, versus America, America versus Americans, or one.
• 1:34:06
  Speaker 2: Or the other, right, and he lays it out, American
• 1:34:11
  Speaker 2: sense of life dead. And why is it dead?
• 1:34:16
  Speaker 3: Because kant one. And it's not that it happened all
• 1:34:20
  Speaker 3: at once. It happened in the fifty years before it's slowly, slowly,
• 1:34:26
  Speaker 3: slowly eroded. Nine to eleven is what made it real?
• 1:34:31
  Speaker 3: Nine to eleven. The response at nine eleven is how
• 1:34:33
  Speaker 3: it manifest and then it just is an issue of
• 1:34:38
  Speaker 3: playing out. It's then just an issue of they lie
• 1:34:42
  Speaker 3: and they lie, and we're weak and we can't do it,
• 1:34:44
  Speaker 3: and we're you know, and that leads directly to where
• 1:34:47
  Speaker 3: we are today. And you don't have to live through
• 1:34:50
  Speaker 3: it yourself. The culture lives through it, and it sticks
• 1:34:53
  Speaker 3: in the culture. It retains in the culture. Lincoln, as
• 1:35:01
  Speaker 3: Michael Corleone and the Godfather says, my father is just
• 1:35:06
  Speaker 3: like a senator a president. They also have people killed,
• 1:35:11
  Speaker 3: classic thug against the mentality from Trump. Yep, I mean yeah,
• 1:35:16
  Speaker 3: I mean he's a classic thug. Jewis says that the
• 1:35:21
  Speaker 3: talk is called America versus Americans. Highly recommended Leanta Peacock's
• 1:35:27
  Speaker 3: talk from two thousand and three, I think just before
• 1:35:29
  Speaker 3: the Iraq War starts. Harpa Campbell says, did you see
• 1:35:33
  Speaker 3: Bill Maher go off on Mumdani and socialism, arguing that
• 1:35:37
  Speaker 3: socialists and democrats.
• 1:35:39
  Speaker 2: Are not the same thing? Do you agree?
• 1:35:41
  Speaker 3: It would be incredible if you ever got on his
• 1:35:43
  Speaker 3: show it would be, but I haven't. Yeah, I basically agree.
• 1:35:51
  Speaker 3: I mean, socialists and democrats are not the same thing.
• 1:35:53
  Speaker 3: There are plenty of democrats who are not socialists, or
• 1:35:57
  Speaker 3: Democrats are a broader umbrella organized that basically houses some socialists,
• 1:36:03
  Speaker 3: But most of the people who call themselves democrats are
• 1:36:06
  Speaker 3: not socialists. There's plenty of people on the center left
• 1:36:09
  Speaker 3: that are better in economics than many people on the
• 1:36:12
  Speaker 3: right today, or more free market than people on the
• 1:36:15
  Speaker 3: right today. So no, I don't think democrats necessarily a socialist,
• 1:36:19
  Speaker 3: but some socialists are democrats. James, will America see a
• 1:36:37
  Speaker 3: Malay in your lifetime, even half a Melay. You never
• 1:36:40
  Speaker 3: know when good things are good movements spring up and
• 1:36:44
  Speaker 3: gain momentum during horrible times.
• 1:36:46
  Speaker 2: Yeah, you don't know, So I don't know. I'm not
• 1:36:49
  Speaker 2: going to make a prediction. It doesn't look like it.
• 1:36:51
  Speaker 3: It looks like we're heading in a different direction, and
• 1:36:55
  Speaker 3: maybe it'll take decades before things get bad enough for
• 1:36:59
  Speaker 3: Melay like character to spring up. But you're right, you
• 1:37:01
  Speaker 3: never know. Things could get better quickly. It could get
• 1:37:06
  Speaker 3: better quickly.
• 1:37:06
  Speaker 2: So Yep, Clark, it's not really fascism.
• 1:37:12
  Speaker 3: A mob boss isn't being a fascist when he says
• 1:37:15
  Speaker 3: it would be a shame if something happened to your company.
• 1:37:18
  Speaker 2: Trump will need to improve.
• 1:37:21
  Speaker 3: To get up to the level of a fascist. I mean,
• 1:37:23
  Speaker 3: I think that's right. I mean, I don't think Trump
• 1:37:25
  Speaker 3: is a fascist. I've said this many times. I think
• 1:37:27
  Speaker 3: Trump is a thug. He's a nothing. He has no ideology.
• 1:37:31
  Speaker 3: He's a mob boss and he has the mentality of
• 1:37:34
  Speaker 3: a mob boss. And he and he does a lot
• 1:37:37
  Speaker 3: of things based on that. And that's why you respect
• 1:37:40
  Speaker 3: are the mob bosses. I mean, he respects Putin, he
• 1:37:43
  Speaker 3: respects NBS, he respects she because he views them as
• 1:37:46
  Speaker 3: other mob bosses. And he doesn't respect Zelenski or leaders
• 1:37:51
  Speaker 3: of other democratic parties countries because they're like they're like
• 1:37:55
  Speaker 3: maybe they're weak mombo bosses, but they're not real mob bosses.
• 1:37:58
  Speaker 2: They're not the real thing. They're not powerful. Clark says,
• 1:38:04
  Speaker 2: we have gone from let's make a lot and let's
• 1:38:06
  Speaker 2: make a deal.
• 1:38:07
  Speaker 3: Yes, everything's about a deal, and the deals more and
• 1:38:10
  Speaker 3: more and more, you know, add to the bottom line
• 1:38:16
  Speaker 3: of the of the Trump family.
• 1:38:19
  Speaker 2: Ryan like the show. Thanks for watching. Yeah, press that
• 1:38:23
  Speaker 2: like button.
• 1:38:23
  Speaker 3: It really helps in the algorithm helps with the algorithm,
• 1:38:26
  Speaker 3: so please press the like button. I heard it World
• 1:38:30
  Speaker 3: War too. Historian say Germany was winning itself to death.
• 1:38:34
  Speaker 3: It took over so much territory so quickly, it couldn't
• 1:38:36
  Speaker 3: solidly genuine have genuine control over it, and it ultimately
• 1:38:41
  Speaker 3: lost at all.
• 1:38:41
  Speaker 2: I mean there's an element of that.
• 1:38:43
  Speaker 3: But now, really, I mean first didn't learn anything from history.
• 1:38:48
  Speaker 3: I mean, Napoleon had the same problem in Russia. Don't
• 1:38:51
  Speaker 3: they know about the Russian winter? Don't they know about
• 1:38:54
  Speaker 3: long supply chain, supply lines when you go deep into Russia.
• 1:38:58
  Speaker 3: Don't they have They never had a geograph lesson to
• 1:39:00
  Speaker 3: see how big Russia is. Why open a second front
• 1:39:06
  Speaker 3: when you still haven't closed up the first front? So
• 1:39:09
  Speaker 3: just strategic mistakes, and I wouldn't call it winning itself
• 1:39:12
  Speaker 3: to death. I'd say Germany made really big, big strategic
• 1:39:19
  Speaker 3: errors in World War Two, and it underestimated, of course,
• 1:39:22
  Speaker 3: the United States and what impact it would have by
• 1:39:25
  Speaker 3: joining the war.
• 1:39:27
  Speaker 2: Now, Javi jagorithm.
• 1:39:28
  Speaker 3: When evil smells weakness, does it often appear to be
• 1:39:32
  Speaker 3: winning in the beginning of its campaign. Yes, I mean,
• 1:39:38
  Speaker 3: ultimately it loses, but in the beginning it can definitely win.
• 1:39:42
  Speaker 3: And the Nazi is a good example of that. There
• 1:39:45
  Speaker 3: are plenty of other examples in history. Look at the
• 1:39:47
  Speaker 3: Soviet Union. It seemed to be winning for a very
• 1:39:50
  Speaker 3: long time and then it failed. Ultimately, evil fails. That's
• 1:39:56
  Speaker 3: the thing about a dark age is coming. It'll fail,
• 1:39:59
  Speaker 3: just a question of when. Jggreez no worries if you
• 1:40:05
  Speaker 3: didn't get to it. But did you watch the educational
• 1:40:08
  Speaker 3: video on Fentannel. I emailed you. Legalizing drugs would likely
• 1:40:13
  Speaker 3: stop this problem, but it seems wrong to sell heroin knowing.
• 1:40:17
  Speaker 2: Its bodily impact thoughts.
• 1:40:20
  Speaker 3: I mean, it might be wrong to sell heroin, but
• 1:40:22
  Speaker 3: somebody will because somebody wants to use it, So there
• 1:40:26
  Speaker 3: are always going to be people who sell it. I
• 1:40:28
  Speaker 3: haven't watched the documentary. Again, the Fensannel issue will be
• 1:40:31
  Speaker 3: would be solved with legalization. But okay, so it's wrong
• 1:40:38
  Speaker 3: to sell heroin, but people will open up kiosks all
• 1:40:41
  Speaker 3: over the place selling heroin, and people will buy it,
• 1:40:45
  Speaker 3: and the price will go down, and organized crime will
• 1:40:48
  Speaker 3: disappear and most of our problems will go away. And
• 1:40:53
  Speaker 3: if you know, a lot of companies and a lot
• 1:40:56
  Speaker 3: of people will rally around ways to get a people
• 1:41:00
  Speaker 3: off of their addiction. So that so that, and that
• 1:41:03
  Speaker 3: will reduce the harm and the danger of.
• 1:41:10
  Speaker 2: Using heroin.
• 1:41:11
  Speaker 3: So yeah, I mean, I just there's no I don't
• 1:41:14
  Speaker 3: see any downside of legalizing drugs, is the bottom line,
• 1:41:20
  Speaker 3: all right, let's see Abram Compost. It's I'm a right
• 1:41:26
  Speaker 3: of center millennial. In college, we were shocked at how
• 1:41:31
  Speaker 3: fast socialism grew on the left. Now it's creeping into
• 1:41:34
  Speaker 3: the right. Many X many gen z X talk like
• 1:41:40
  Speaker 3: Warren and call curse trade free trade. Yes, I mean,
• 1:41:45
  Speaker 3: I mean saying this for over ten years that this
• 1:41:48
  Speaker 3: would happen. The right has no basis on which the
• 1:41:52
  Speaker 3: defend free markets. It has no basis on which the
• 1:41:55
  Speaker 3: defend freedom. More broadly, the right is statist and has
• 1:42:01
  Speaker 3: even old line conservatives. They claimed to be free marketers,
• 1:42:05
  Speaker 3: and I don't know, Buckley, and they're like, they claimed
• 1:42:08
  Speaker 3: to be free marketers except when it didn't suit them
• 1:42:12
  Speaker 3: to be free marketers. And they couldn't defend the free
• 1:42:17
  Speaker 3: market without relying on God and religion, and that's not
• 1:42:20
  Speaker 3: a very good defense. So they had no moral defense
• 1:42:23
  Speaker 3: of capitalism, and as a consequence, they couldn't actually defend capitalism,
• 1:42:27
  Speaker 3: and as a consequence, they could never win on a
• 1:42:29
  Speaker 3: platform of capitalism.
• 1:42:31
  Speaker 2: The last guy who tried was Goldwater, and he failed.
• 1:42:36
  Speaker 3: Reagan did a little bit of that, but Goldwater is
• 1:42:39
  Speaker 3: the last guy who really tried to defend capitalism, and
• 1:42:43
  Speaker 3: he failed because he wasn't convincing. He had nothing really
• 1:42:49
  Speaker 3: to say, and he relied too much on religion to
• 1:42:52
  Speaker 3: extend that he said anything. Jonathan Thoughts on twenty one
• 1:43:02
  Speaker 3: twelve by Rush, Did Rand ever hear it?
• 1:43:06
  Speaker 2: I don't know. I don't think so.
• 1:43:08
  Speaker 3: I've never heard she did. I'm not a Rush fan
• 1:43:11
  Speaker 3: just because I don't know. The music never clicks for me.
• 1:43:15
  Speaker 2: But I know there were a lot of Rush fans here,
• 1:43:17
  Speaker 2: So I don't really have many thoughts on it. But
• 1:43:19
  Speaker 2: I don't think. I may never listened to it now,
• 1:43:22
  Speaker 2: but I but yeah.
• 1:43:26
  Speaker 3: Fuku Custan from Taiwanese Dollars Cool high Doctor book. What
• 1:43:32
  Speaker 3: are your What are the similarities did MBS's regime and
• 1:43:35
  Speaker 3: pre seventy nine posia DC possibility of a conservative uprising
• 1:43:39
  Speaker 3: and CASA similar to the one that overthrew the Shaw
• 1:43:42
  Speaker 3: greeting some tape.
• 1:43:45
  Speaker 2: It really it's a good question. It's really hard to
• 1:43:47
  Speaker 2: tell because.
• 1:43:50
  Speaker 3: I don't know enough about the culture within Saudi Arabia,
• 1:43:52
  Speaker 3: but my senses that it's unlikely to be a rebellion
• 1:43:58
  Speaker 3: against NBS. But he could be assassinated, and then who
• 1:44:02
  Speaker 3: knows who replaces him. That could take Saudi Arabia a
• 1:44:05
  Speaker 3: completely new direction. Remember this is the problem with authoritary regimes.
• 1:44:10
  Speaker 3: Even if you get kind of a benevolent dictator, which
• 1:44:13
  Speaker 3: a lot of people claim NBS is. I'm skeptical, but
• 1:44:15
  Speaker 3: a lot of people claim he is, then it's easy
• 1:44:19
  Speaker 3: to assassinate that person and the person who replaces him,
• 1:44:22
  Speaker 3: even if it stays within the family, one of the
• 1:44:26
  Speaker 3: children of the king could have a completely opposite ideology,
• 1:44:31
  Speaker 3: and Saudi Arabia could move towards move towards a much
• 1:44:36
  Speaker 3: more conservative, you know, sunny conservative, militant ideology. I don't
• 1:44:45
  Speaker 3: think NBS has it, but I also don't think NBS.
• 1:44:48
  Speaker 3: I mean NBS is being careful on how fast he websternizes.
• 1:44:52
  Speaker 3: So arguably NBS has learnt the lesson from the Shah
• 1:44:57
  Speaker 3: and is being very careful, watchful, and is not doing
• 1:45:02
  Speaker 3: the liberalization too fast because he's probably afraid of that
• 1:45:06
  Speaker 3: happening to him. But this is why we shouldn't be
• 1:45:09
  Speaker 3: supporting Saudi maybe the way we are, because it could
• 1:45:13
  Speaker 3: change and it could become a real enemy of the
• 1:45:15
  Speaker 3: United States very very quickly. It's why generally we shouldn't
• 1:45:18
  Speaker 3: be supporting authorbtarian regimes. Jamie, I've heard different reasons for
• 1:45:28
  Speaker 3: the cause of the Great Depression. Can you go into
• 1:45:30
  Speaker 3: detail about what real cause was.
• 1:45:33
  Speaker 2: And can you recommend books on it? Oh, I don't
• 1:45:38
  Speaker 2: know if I have a book right now.
• 1:45:39
  Speaker 3: I mean George Selgian's latest book, but it doesn't really
• 1:45:42
  Speaker 3: go into the causes as a primary look.
• 1:45:46
  Speaker 2: I think the general agreement around the cause is that
• 1:45:51
  Speaker 2: the Federals of when the stock market collapsed in nineteen
• 1:45:54
  Speaker 2: twenty nine, the Federals of tightened the money supply.
• 1:46:00
  Speaker 3: And created a credit crunch, which ultimately led to massive
• 1:46:06
  Speaker 3: bank failures, which the Fed responded to by again tightening
• 1:46:12
  Speaker 3: the money supply, which led to again more bank problems
• 1:46:19
  Speaker 3: and the spiraled out of control. And of course, because
• 1:46:23
  Speaker 3: it was it was tightening the money supply, there were
• 1:46:25
  Speaker 3: no loans to make the businesses to recuperate and to
• 1:46:28
  Speaker 3: build and to grow, and that is really what led
• 1:46:31
  Speaker 3: to the Great to the Depression. Now, adding to that
• 1:46:34
  Speaker 3: with things like Hoover increasing taxes, increasing all common government
• 1:46:40
  Speaker 3: programs and spending, refusing to reform the banking system, and
• 1:46:46
  Speaker 3: changed the FED policy.
• 1:46:49
  Speaker 2: What else a smooth holly.
• 1:46:50
  Speaker 3: So there's a lot of other factors that added to it,
• 1:46:53
  Speaker 3: but the fundamental was that the FED just made a
• 1:46:59
  Speaker 3: massive of destruct a blunder in the way it responded
• 1:47:07
  Speaker 3: to the Federals of exiled it.
• 1:47:09
  Speaker 2: To avoid is.
• 1:47:10
  Speaker 3: Recommending a book by Mario Rothbad and the Great Depression.
• 1:47:12
  Speaker 3: I don't trust any of Marie Rothbod's historical books. He's
• 1:47:17
  Speaker 3: a good economist, but I don't trust this history.
• 1:47:20
  Speaker 2: I mean, the histories that I've read have been way
• 1:47:24
  Speaker 2: too biased by his.
• 1:47:30
  Speaker 3: You know, his view of the cause of relationships, and
• 1:47:35
  Speaker 3: then he picks and chooses the facts to present to
• 1:47:38
  Speaker 3: you that you know confirm is biased. So I don't
• 1:47:43
  Speaker 3: trust Mario Rothbod with history, or with morality, or with philosophy.
• 1:47:47
  Speaker 3: You know, economics okay, But other than that, I don't
• 1:47:49
  Speaker 3: trust him economic history. I don't trust him. So I
• 1:47:52
  Speaker 3: wouldn't recommend that book. But there are plenty of books
• 1:47:55
  Speaker 3: out there about the Great Depression that I mean, Milton
• 1:48:01
  Speaker 3: Friedman wrote a good book basically didn't write a book,
• 1:48:05
  Speaker 3: but he wrote a book on the history of the
• 1:48:07
  Speaker 3: United States, which there's a section on interestates in the
• 1:48:11
  Speaker 3: United States and a section and the Great depressione Selgian recently.
• 1:48:15
  Speaker 2: Has a book of the Great Depression.
• 1:48:17
  Speaker 3: I don't I don't know who I could point you
• 1:48:19
  Speaker 3: to with a one definitive statement on the causes of
• 1:48:22
  Speaker 3: the Great Depression. But I've read a number of books
• 1:48:25
  Speaker 3: where the Great Depression is part of it, and they
• 1:48:27
  Speaker 3: explain the Great.
• 1:48:28
  Speaker 2: Depression that are pretty damn good, the explanations that they give.
• 1:48:31
  Speaker 2: It's basically the Fed. The Fed screwed up royally. Lincoln
• 1:48:36
  Speaker 2: says Book for President twenty twenty nine.
• 1:48:39
  Speaker 3: What did I do to Lincoln to, you know, to
• 1:48:45
  Speaker 3: have him wish me such awful outcomes like becoming president?
• 1:48:50
  Speaker 2: Michael?
• 1:48:51
  Speaker 3: Would you say, have you Emblay is more of an
• 1:48:53
  Speaker 3: objectivist or more of a body and he feels more
• 1:48:56
  Speaker 3: randy into me.
• 1:48:57
  Speaker 2: I don't know, I don't know, how do you measure that?
• 1:48:59
  Speaker 2: I don't like. I don't like that way of thinking
• 1:49:02
  Speaker 2: about it, more like more like I don't know.
• 1:49:05
  Speaker 3: He's he's got elements of iinn ran, but he's very
• 1:49:08
  Speaker 3: much a collectivist in terms of how he presents himself.
• 1:49:12
  Speaker 3: His small defensive capitalism is very weak and not randy
• 1:49:15
  Speaker 3: in at all. He won't defend self interest. He defends
• 1:49:19
  Speaker 3: basically capitalism on kind of a collectivistic, altruistic basis. He
• 1:49:25
  Speaker 3: has a certain spirit and admiration for business that he
• 1:49:29
  Speaker 3: can only come from mind rand In spite of what
• 1:49:31
  Speaker 3: I just said, I don't know what he would look
• 1:49:35
  Speaker 3: like as a body, and often he the with body
• 1:49:37
  Speaker 3: is hate him.
• 1:49:38
  Speaker 2: So maybe he's not earth body.
• 1:49:40
  Speaker 1: You know.
• 1:49:40
  Speaker 2: Just tak him for what he is, don't try to
• 1:49:42
  Speaker 2: pigeon him him into a Randian or with body and
• 1:49:46
  Speaker 2: or something like that.
• 1:49:47
  Speaker 1: He is what he is.
• 1:49:48
  Speaker 3: He's got good things, he's got not so good things
• 1:49:51
  Speaker 3: generally as a politician, particularly given the world in which
• 1:49:55
  Speaker 3: we live.
• 1:49:55
  Speaker 2: He's a breath of fresh air. He's wonderful.
• 1:49:59
  Speaker 3: And thought really fought. Lincoln says, is Ironran University is
• 1:50:04
  Speaker 3: separate from a campus. They look similar to me. I
• 1:50:07
  Speaker 3: don't know any I'm not sure, and I don't think
• 1:50:10
  Speaker 3: there is an iron Ran University anymore.
• 1:50:12
  Speaker 2: There's AARU. Because there's something to do with the accreditation.
• 1:50:17
  Speaker 3: We're not allowed to call it Ironran university, so it's
• 1:50:19
  Speaker 3: are you campus is where a lot of the courses
• 1:50:22
  Speaker 3: like Lena Peacock and Iron ran that are available for free.
• 1:50:26
  Speaker 2: So that's a little separate.
• 1:50:28
  Speaker 3: I'm going to talk to people at AOI clean it
• 1:50:31
  Speaker 3: all up and maybe clarify to everybody.
• 1:50:33
  Speaker 1: What is what?
• 1:50:36
  Speaker 3: Merrabins, my nine year old asked the question Lamouck asked
• 1:50:41
  Speaker 3: in eighteen o nine, can you I'm going to express
• 1:50:48
  Speaker 3: my ignorance. I'm not sure what that question was, so
• 1:50:50
  Speaker 3: maybe maybe in the chat you can you can tell
• 1:50:55
  Speaker 3: me what it is. Lincoln, we raised gen z on climate, allamism,
• 1:51:02
  Speaker 3: school shootings, film mongering, anti American TikTok videos, and post
• 1:51:06
  Speaker 3: nine to eleven security theater and act Surprised that they're insane. Yeah,
• 1:51:10
  Speaker 3: I mean again, I don't like the word insane, but yes,
• 1:51:13
  Speaker 3: we have corrupted them, scared them to death, taught them
• 1:51:19
  Speaker 3: wrong ideas and wrong explanations for what's happened in the past,
• 1:51:22
  Speaker 3: and there were surprise they've turned out the way they are.
• 1:51:25
  Speaker 3: Alex twenty bucks well spent getting to work on finding
• 1:51:29
  Speaker 3: my heroes. You only need ten more Patreon members now,
• 1:51:34
  Speaker 3: thank you, oh thank you.
• 1:51:35
  Speaker 2: Alex really appreciate that. I really appreciate it.
• 1:51:38
  Speaker 3: By the way, if you're ten dollar a month Patreon subscriber,
• 1:51:41
  Speaker 3: you get the podcast of the Roon Book Show with
• 1:51:44
  Speaker 3: no commercials.
• 1:51:45
  Speaker 2: No commercials hector, Oh, would you handle? Would you handle
• 1:51:52
  Speaker 2: going to a Christmas party with your partners? Not so interesting? Friends?
• 1:51:57
  Speaker 2: Should just go?
• 1:51:58
  Speaker 3: Anyway to find a positive or find a positive escape up? Well,
• 1:52:02
  Speaker 3: I mean it depends how uninteresting are there? Is really
• 1:52:05
  Speaker 3: going to be painful? Is there a way you can
• 1:52:07
  Speaker 3: get into the spirit of it? I mean, you're there
• 1:52:11
  Speaker 3: with your partner, she he whatever, you have a bond
• 1:52:15
  Speaker 3: with them, your hang out with them mostly, Isn't that
• 1:52:18
  Speaker 3: going to be fun?
• 1:52:19
  Speaker 2: So I mean, try to find the positive in it.
• 1:52:23
  Speaker 3: I mean, the reason you're going is to hang out
• 1:52:25
  Speaker 3: with your partner, So hang out with your partner and
• 1:52:28
  Speaker 3: find a way to make that an enjoyable venture. If
• 1:52:31
  Speaker 3: it's really painful, if it's really unenjoyable, really, then yeah,
• 1:52:36
  Speaker 3: find a find a polite escape route. But you know,
• 1:52:40
  Speaker 3: hopefully this is not gonna be the last time you're
• 1:52:42
  Speaker 3: probably gonna be invited to something like this, And if
• 1:52:45
  Speaker 3: your partner becomes more permanent, then it might have be
• 1:52:49
  Speaker 3: something you have to learn how to handle and deal with.
• 1:52:54
  Speaker 2: Jamie? Is you as responsible for you on being an enemy?
• 1:52:57
  Speaker 3: Given America and UK helped who of a democratically elected leader.
• 1:53:02
  Speaker 2: In nineteen fifty three, was that justified?
• 1:53:05
  Speaker 3: No? I don't think they're responsible. I don't think the
• 1:53:07
  Speaker 3: hatred of America has anything to do with that. You know,
• 1:53:11
  Speaker 3: it's already how many generations have gone by since nineteen
• 1:53:14
  Speaker 3: fifty three. How many people remember or care about what
• 1:53:16
  Speaker 3: happened in nineteen fifty three. I don't think Iranians the
• 1:53:19
  Speaker 3: day do. It might be reinforced to them and they
• 1:53:23
  Speaker 3: you know, then it might be drummed into them, but
• 1:53:25
  Speaker 3: I don't think it's the actual cause of the issue.
• 1:53:28
  Speaker 2: Was it justified? It's really hard to tell. He was stealing.
• 1:53:34
  Speaker 3: Oil reserves that were developed by the British and the Americans,
• 1:53:38
  Speaker 3: So in that sense, he was a really bad guy.
• 1:53:40
  Speaker 3: He was going to team up with the Soviet Union.
• 1:53:43
  Speaker 3: He was a real socialist. Also, it's not clear that
• 1:53:48
  Speaker 3: it's really this CIA and the UK that deposed him.
• 1:53:53
  Speaker 3: A lot of it had to do with the internal
• 1:53:54
  Speaker 3: politics in Iran, you know, and the way internal politics
• 1:53:59
  Speaker 3: any are structured.
• 1:54:02
  Speaker 2: What is justified?
• 1:54:03
  Speaker 3: Probably even if the alternative. Shaw shouldn't be supported the.
• 1:54:09
  Speaker 2: Way he was, and his.
• 1:54:12
  Speaker 3: The evil things that he did should not have been
• 1:54:14
  Speaker 3: promoted and supported by the United States. Andrew, I tried
• 1:54:19
  Speaker 3: to super chet this the last time. Did you see
• 1:54:22
  Speaker 3: the human like robot that Russia unveiled? Russians unveiled sput
• 1:54:26
  Speaker 3: it on the runway and fell over, which sent Russian
• 1:54:30
  Speaker 3: engineers running to rescue.
• 1:54:32
  Speaker 2: I did not, But that sounds perfect. Sounds perfect on
• 1:54:35
  Speaker 2: so many different levels. That is good, Neil.
• 1:54:40
  Speaker 3: Is it likely that Trump's presidency will run out before
• 1:54:44
  Speaker 3: handing over the f.
• 1:54:45
  Speaker 2: Thirty fives and the next person can cancel it? Probably? Probably,
• 1:54:49
  Speaker 2: although I'm not sure. I'm not sure.
• 1:54:52
  Speaker 3: Yeah, they probably have to build them because I don't
• 1:54:54
  Speaker 3: think they have them just sitting around, and it takes
• 1:54:57
  Speaker 3: a while.
• 1:54:58
  Speaker 2: But it's not clear that the next and we'll cancel them.
• 1:55:01
  Speaker 3: Why do you think it will? I mean, I don't
• 1:55:03
  Speaker 3: see who the next president would be who would cancel them.
• 1:55:08
  Speaker 3: I like numbers doesn't in the Dark Ages imply it
• 1:55:10
  Speaker 3: lasts a while, probably, but who knows what that means.
• 1:55:14
  Speaker 3: I don't believe that there's going to be at Dark
• 1:55:16
  Speaker 3: Age's again, a global Dark Ages seems to be me
• 1:55:20
  Speaker 3: to be very unlikely unless we have like a nuclear war.
• 1:55:25
  Speaker 3: I think there'll always be bastions out there of civilization
• 1:55:29
  Speaker 3: holding out, given the extent of the distribution of knowledge
• 1:55:32
  Speaker 3: in the world today. All right, last question, get those
• 1:55:36
  Speaker 3: super chats in, guys. I've done my part, Lincoln has
• 1:55:39
  Speaker 3: done any fot You've got a lot of super chats
• 1:55:41
  Speaker 3: in today, so I appreciate that, Lincoln, Thank you.
• 1:55:44
  Speaker 2: I think we'll call it a night.
• 1:55:46
  Speaker 3: It's late, and we've already had two hours, and it's
• 1:55:48
  Speaker 3: ten o'clock here or close to ten o'clock here.
• 1:55:51
  Speaker 2: I will see you guys tomorrow.
• 1:55:56
  Speaker 3: I think tomorrow it's going to be at let me
• 1:55:59
  Speaker 3: just see Wednesday tomorrow we should be good at two
• 1:56:04
  Speaker 3: pm East Coast time, So tomorrow will be a full
• 1:56:06
  Speaker 3: show two pm eas Coast time, three hours.
• 1:56:10
  Speaker 2: I look forward to it. Oh, Jamie just came in.
• 1:56:13
  Speaker 2: Follow up question on Iran.
• 1:56:14
  Speaker 3: Is their hatred justified by America propping up and protecting
• 1:56:18
  Speaker 3: the Shah.
• 1:56:19
  Speaker 2: Given bad things he did to Iranians? Yeah, but think
• 1:56:22
  Speaker 2: about it.
• 1:56:25
  Speaker 3: You know, the hatred has led to and is led
• 1:56:29
  Speaker 3: by a regime whose biggest victims are Uranians. I mean,
• 1:56:35
  Speaker 3: at the end of the day, the regime, the regime
• 1:56:41
  Speaker 3: of the ones who hate America. Iranians don't hate America.
• 1:56:44
  Speaker 2: I don't know.
• 1:56:45
  Speaker 3: If you saw a few years ago they painted a
• 1:56:47
  Speaker 3: big American flag and Israeli flagged on the sidewalk, on
• 1:56:51
  Speaker 3: the sidewalk of a university campus, so that the students
• 1:56:54
  Speaker 3: would tread on them, would stomp on them, and ninety
• 1:56:58
  Speaker 3: of the students went around. They refuse to stomp on
• 1:57:01
  Speaker 3: the American flag. So America is very popular among common Uranians,
• 1:57:05
  Speaker 3: particularly young ones. I think the main reason the leadership
• 1:57:12
  Speaker 3: hates America has nothing to do with the Shaw and
• 1:57:15
  Speaker 3: has everything to do with the fact that America represents
• 1:57:18
  Speaker 3: everything that they hate. The materialism, economic success, capitalism, secularism.
• 1:57:24
  Speaker 2: That's what America represents them, and they hate it for that.
• 1:57:27
  Speaker 2: And if you listen to them, if you listn't actually
• 1:57:29
  Speaker 2: what they say, that's what they talk about. They don't
• 1:57:31
  Speaker 2: talk about the Shaw.
• 1:57:33
  Speaker 3: The Iranian intellectuals, the Iranian mulas talk about the secular
• 1:57:38
  Speaker 3: nation of America, and that's why it.
• 1:57:40
  Speaker 2: Should be hated and destroyed. All right, guys, thank you,
• 1:57:48
  Speaker 2: see you tomorrow and yeah, see tomorrow. Hi, everybody