Latest / Words & Numbers / Episode 468: Shut It Down
Transcript
- 0:00Today on words and numbers. Hoarding perceptions in polling
- 0:03football stadia. And the government shutdown.
- 0:06All this and more coming up next on Words and Numbers, a Civil
- 0:10original production. Check us out at civil.com.
- 0:12That's civl.com. Hi, I'm James.
- 0:16And I'm Anthony. And this is words and numbers.
- 0:23It's new and exciting in your world this weekend.
- 0:25Come on, tell us something interesting.
- 0:27Tell us something interesting. Man, I'm so bored today.
- 0:30Come on, I love it when I enter in argument with somebody and
- 0:34they end up being the evidence that I was arguing.
- 0:38And have you been on Twitter again?
- 0:39I have been, I've been on Twitter, these things pop up.
- 0:45They just ask to be slapped down, right?
- 0:48So this person posts a meme in it.
- 0:53The caption here is people no longer believe working hard will
- 0:57lead to a better life. I saw that one.
- 1:00And I said, Or perhaps we get so used to our better lives that we
- 1:04no longer recognize them for what they are.
- 1:08And then I give some evidence. Even after adjusting for
- 1:11inflation, today's middle class have better standards of living
- 1:16than did the top 1% of Americans a century ago.
- 1:20Pretty. Straightforward.
- 1:21Straightforward now, I was prepared for the guy to come
- 1:24back and say we'll show me evidence, blah blah blah.
- 1:26Oh no, no, no, here comes slam dunk he says.
- 1:31He says, haha, I see you had to go back 100 years.
- 1:34Now try it at the 20 tens. Actually, I said you're proving
- 1:39my point. I just said that over the course
- 1:42of 100 years the middle class achieved lives better than top
- 1:451% and you complained that it didn't take 10 years, making
- 1:50evidence of my point that perhaps we get so used to our
- 1:54better lives we no longer recognize them for what they
- 1:57are. Yeah, I'm, I'm consistently
- 1:59amazed that people whine, and I mean whine like little tiny
- 2:04school children about the evils of capitalism, which
- 2:07incidentally, I'm going to talk about in a second too on.
- 2:10Their iPhones, right? Yeah, yeah.
- 2:13Probably sipping Starbucks or Yeah. 0 self-awareness.
- 2:18I mean just. I, I think there's AI think
- 2:21there's a good middle ground here.
- 2:24And that is to admit, look, your capitalism has flaws.
- 2:28Any system's going to have flaws because it's rife with humans
- 2:33and humans have flaws. But the question isn't whether
- 2:36capitalism has flaws, it's whether it has more or less
- 2:39flaws than the alternative you're suggesting.
- 2:42And if the alternative you're suggesting is socialism, there's
- 2:45centuries of evidence that capitalism has less flaws.
- 2:49Yeah, I I saw two things this week which really pissed me off.
- 2:55I know I'm done. Oh well, by all means.
- 2:59Because I said. I I thought you had tied it up
- 3:02in a neat little bow. There.
- 3:03Oh, no, no, no, no, no. I said.
- 3:06I'm going to talk about perceptions and polling.
- 3:08That was the perceptions part. Here's the polling thing.
- 3:12This is a poll by Gallup, who I absolutely love.
- 3:15Gallup and Pew. They're just wonderful.
- 3:18They hang out there and they do their thing and they're, I mean,
- 3:22you could argue, I guess that they're partisan, but I've never
- 3:25seen such an argument. They tell.
- 3:27They're just they're actually tell things like they see them.
- 3:29They're actually pretty good. Nate Silver also pretty good.
- 3:35Rasmussen. That's where you start to go
- 3:37down a partisan drain. Yeah, but this was a poll that
- 3:43came out October 21st, 2025. And the the question it's
- 3:48getting at is are you concerned about federal power?
- 3:53They ask this question. Do you think the federal
- 3:57government today has about the right amount of power or has too
- 4:02little power or too much power? And here we have the response to
- 4:06too much power. 62% of Americans say the federal government has
- 4:13too much power. Now.
- 4:15Now, you could say, all right, 62% of this being driven by the
- 4:19Democrats who are losing their minds over Trump.
- 4:22And indeed, if you break this down by party, the Democrats are
- 4:26losing their minds over Trump. They don't equal 62% of the
- 4:30population. In Biden's last term or in the
- 4:35last year of his last term, this question does the federal
- 4:39government have too much power? Democrats, 25% of them said yes,
- 4:45federal government has too much power.
- 4:47So 75% were saying no, it doesn't have too much.
- 4:50Today, 66% it, it's a record high. 66% of Democrats say the
- 4:56federal government has too much power.
- 4:59Republicans 58%. Well over half of Republicans
- 5:05say the federal government has too much power.
- 5:08And who's controlling right now? The entire federal government?
- 5:12Republicans. That that is interesting.
- 5:15I wonder what to make of that. And I, and you know, you've
- 5:18don't forget, you still have a pretty solid contingent of
- 5:24Republicans who were of the drain the swamp flavor.
- 5:28Right. Yeah.
- 5:29Right. And those people did believe the
- 5:31federal government in the form of bureaucracies had too much
- 5:35power. Now to to my eyesight, they've
- 5:39been disappearing. So I I don't I'm not exactly
- 5:44sure how I would even start to unpack this number without doing
- 5:50further research. I spoke to to 1 today, a friend
- 5:54of mine who is I, I don't know if he's Republican, be certainly
- 5:58Republican leaning who who I'm, I'm pretty sure voted for Trump.
- 6:03But at the very least I know was happy that Trump won and said to
- 6:07me recently that he's he's disillusioned that if he if he
- 6:14had no, that if he had known all of the stuff that was coming
- 6:18down was going to come down, he would not have have been as
- 6:21happy with Trump winning. Now he didn't go the next step
- 6:26and say, well, I would would have voted for the other guy,
- 6:28which look, you, you can be, you can, you can be upset with and
- 6:35against the things that President Trump is doing without
- 6:38saying I would have preferred Harris.
- 6:42Right. Well, I mean, The funny thing
- 6:44about Trump and his loyalists will never admit this, but
- 6:50domestically he governs the way Bernie Sanders would have.
- 6:54Say more about that. Well, I mean, he's taking shares
- 6:58of companies, public companies, wrapping them into the
- 7:02government. He's got a draconian trade
- 7:05policy that seeks to isolate us from the world.
- 7:09These are Bernie things. But then he's projecting, or at
- 7:16least he thinks he's projecting American power outward in
- 7:20foreign policy in a way that Sanders never would have.
- 7:24And so domestically you're getting one weird thing, and
- 7:27internationally you're getting another weird thing, and they
- 7:30don't really match up into a coherent whole, right?
- 7:35There's no governing ideology that you can unpack and
- 7:38understand, right? With no Reagan or with even
- 7:43Jimmy Carter, right, it was easy to understand how those guys
- 7:48would react to certain stimuli. But with Trump, you never really
- 7:54know, and everybody's always on edge because of it.
- 7:58And This is why we have a lot of trouble in the economic realm,
- 8:04because people who are worried about economic things require
- 8:07certainty. They want to know what the
- 8:10markets are going to look like in three months, six months, a
- 8:14year, 2 years and five years so they can make their plans
- 8:17accordingly and move about their business.
- 8:21And they can't do that right now.
- 8:23And look, I was, I'm a staunch free trader, you know that?
- 8:28Yeah, me too. And me too.
- 8:30And when he started, you know, talking about tariffs early on,
- 8:34I said to people, look, speaking as an economist from an economic
- 8:37perspective, this is bad news. Here's why.
- 8:40But I defended him. I said, look, it's entirely
- 8:44possible that what he's doing has nothing to do with
- 8:47economics, but rather it's strategic.
- 8:50Because if you look at the numbers, our trade, although
- 8:52tariffs were pretty low across the boards, our trading partners
- 8:56were imposing tariffs that were higher on us than we were
- 8:59imposing on them. So you could make the argument
- 9:02that it was strategic is going to, he was going to bring him to
- 9:05the table and get rid of the tariffs entirely in, in terms of
- 9:11of a strategy, I thought, OK, maybe so except if you're going
- 9:15to play a strategy like that, it's got to be very clear to the
- 9:20trading partner. You either do X or else this
- 9:24other thing is going to happen to you.
- 9:26And the closer you come to doing what you're supposed to do, the
- 9:29better we'll be treating you. And you don't see that.
- 9:31Instead you see randomness of we're going to impose 130%
- 9:37tariff and then 12 hours later, well it's going to be 70% and
- 9:40then later on something else. Really, 30 and, and look, the
- 9:44president, and we've said this before, he doesn't have the
- 9:48constitutional authority to behave this way, although
- 9:51Congress does not hold him to account.
- 9:54So, you know, we are where we are.
- 9:57I, I got hate mail on that very point.
- 10:00I get hate mail on that very point.
- 10:01I I don't. I saw that.
- 10:03I responded to it. Actually, I usually don't
- 10:05respond to your hate mail. I just laugh.
- 10:08I mean, I'm laughing at you. Nothing, but nothing new there.
- 10:13But this guy, it's, let me 'cause I want to defend you
- 10:16here, this, this gentleman wrote.
- 10:18And I'm I'm sensitive to the Trump Derangement syndrome.
- 10:23I don't it bothers me when people perceive that that were
- 10:28when I say were usually Jew are displaying that.
- 10:32But here we had a listener write in and say that James is
- 10:36misrepresenting Trump's response to Ontario's commercial of
- 10:40inaccurate portrayal of Ontario's commercial about
- 10:44Reagan. And so I went and I looked.
- 10:47I saw the ad that Ontario put out.
- 10:50I saw the White House response to the ad.
- 10:53I read commentary from PBSBBC, Wall Street Journal, all of
- 10:59that. Everything I saw was entirely
- 11:02consistent with what you said, so I have no, unless I'm missing
- 11:07something, I have no idea where this claim of Trump Trump
- 11:10Derangement Syndrome is coming from, other than the only thing
- 11:13I can point to is that you said something that somebody doesn't
- 11:15like. Right.
- 11:16And, and, you know, we've gotten to the point now where Trump
- 11:19Derangement Syndrome isn't Rosie O'Donnell jumping up and down
- 11:24and losing her mind on TV. It's anybody offering a
- 11:27criticism of any kind. Yeah, that.
- 11:29And that's, that's not healthy. It's not healthy.
- 11:32Well, and look, by that standard, I had Biden
- 11:34Derangement Syndrome and Obama Derangement Syndrome because all
- 11:38I do is criticize people in power.
- 11:42And if you think I'm criticizing Trump too much, just wait until
- 11:46there's a Democrat in the White House and you're going to love
- 11:48it, because I'm going to do exactly the same thing.
- 11:52We're happy to announce that Civil members can join me and
- 11:55James for a new lecture series, Words and Numbers Live.
- 11:59Words and Numbers Live is a members only series in which
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- 12:07economics. We take a deeper dive and then
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- 12:12In this week's session, which is available now, we talk about
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- 12:42There are a couple of things that really pissed me off in the
- 12:45last two days, as I started to say before not realizing that
- 12:48you had lost. Sorry, sorry, but I had no idea.
- 12:51And one is from the the ass clown existential comments on on
- 12:59Twitter. And I'm still going to call it
- 13:01Twitter. And I'm still going to say that
- 13:03this is a tweet. Right, it doesn't work.
- 13:07X is just silly and if you say it's a post, everybody thinks
- 13:10you're on Facebook. So Existential Comics tweeted.
- 13:14Why are ethics questions always like, is it ethical to steal
- 13:18bread to feed your starving family and not Is it ethical to
- 13:22hoard bread when families are starving?
- 13:24You want to take a crack at that one.
- 13:26Well, I mean, they're both ethical questions, right?
- 13:29Well, I think you went right to the wrong level on this.
- 13:33You can't hoard bread because it spoils.
- 13:42There's this thing called mold that you, you can't hoard it, it
- 13:47molds and, and this is exactly the point, right?
- 13:50You've got to, you've got to move product and then money
- 13:55offers a store of value. This is exactly the problem that
- 14:00John Locke talked about in the second Treatise.
- 14:02When you grow apples and you put them all in baskets and you eat
- 14:07lots of apples, all your other apples rot because you can't do
- 14:12anything with apples. And then if we barter, well, you
- 14:16can only barter with somebody who's got something you want.
- 14:20But if we, oh, I don't know, have money that solves all these
- 14:25problems. But in solving these problems,
- 14:28you've guaranteed that some people are going to be very,
- 14:32very, very good at buying and selling things, and those people
- 14:37are going to get wealthier than other people.
- 14:41But The upshot is, is that we all have bread, apples, and
- 14:44every other damn thing, right? We're all better off for it
- 14:49because we have food to eat and houses to live in and cars,
- 14:53etcetera, etcetera. And, and let me let me add here,
- 14:59because this argument about hoarding and it's always applied
- 15:04somehow to people who have lots of money, step back and think
- 15:10about this. So you and I are are here and
- 15:14you offer me something that I want.
- 15:17Go back to the apples and we have money.
- 15:19And so I give you money and you give me apples, and I have
- 15:23something you want. I have your own pears, and you
- 15:26give me money and I give you pears.
- 15:27And that's the way it works. Now suppose over time you keep
- 15:31giving me more and more apples. I give you money, you give me
- 15:33apples, but you're not asking for my pears in return.
- 15:37And so not only do I have lots of apples, but I've got all the
- 15:40lots of pears because James hasn't asked for them.
- 15:43And you're sitting on a pile of dollars.
- 15:45How are we pointing to you and saying you're hoarding?
- 15:49I'm the one who got all the goods.
- 15:51Here's where it gets interesting, because I thought I
- 15:55had finally come across an example of actual hoarding by an
- 16:01actual billionaire. And I thought, oh boy.
- 16:04And I thought, oh boy, I finally found the great counterexample
- 16:09to the things we talk about. And you and I love
- 16:12counterexamples, right? We love to say, look, in
- 16:15general, this is stupid. But here's an here's an instance
- 16:20where it really happened. And people were claiming all
- 16:23over Twitter and Facebook that when Henry Ford died, his family
- 16:28went in and opened the safe and found $700 million in cash.
- 16:34Now. Actual cash.
- 16:36Yeah, yeah. And then those are $1947.
- 16:43The AI I looked into tells me that Henry Ford's net worth at
- 16:50the time was $200 million complete net worth, so 700
- 16:58million in his personal safe. No, pumpkin, that did not
- 17:02happen. Now 2. 100 million that, that's
- 17:06quite a lot. That's 188 to 199 billion in
- 17:11today's dollars. So OK, he died with quite a lot.
- 17:17Where did this idiotic story come from?
- 17:19Well, it turns out Henry Ford had an aversion to using banks.
- 17:24He just didn't like banking. And he always kept lots of cash
- 17:29on hand at the Ford Motor Company.
- 17:32So when they had to do something, they could pay for it
- 17:34in cash and not take out a loan. That was a business practice.
- 17:39Upon his death, the most of his wealth went to the Ford
- 17:46Foundation. So there's your whole story,
- 17:51right? 700 million, he was hoarding
- 17:53money. Well, he didn't even have 700
- 17:57million. He didn't even have 1/3 of 700
- 18:00million. And welcome to find out.
- 18:04None of it's true. He just tried to avoid banking
- 18:09on the business side of his life, which I think is kind of
- 18:14silly. But if you want to avoid that
- 18:16expense and you you've got the wherewithal to do it, but go
- 18:19ahead, right? It's a business decision.
- 18:22Probably not the smartest one, but probably not the dumbest one
- 18:25either, given that they had they had just, you know, when he died
- 18:28in 47, you know, stock market had crashed in 29 and we had to
- 18:32protract depression, right? That's going to impact his
- 18:35thinking on on these matters. So, you know, my, my own
- 18:40grandparents didn't trust Banks ever having lived through that
- 18:45period. So there you go.
- 18:48Hoarding, right? Everybody talks about it.
- 18:51Nobody actually does it. Yeah.
- 18:53Well, I I would imagine it, it does happen, but it happens
- 18:59oddly. The people who are doing it are
- 19:00the preppers. Yeah, that's right.
- 19:01But they're not. They're not hoarding enough to
- 19:03have any major impact on anybody.
- 19:06No palpable effect on the economy.
- 19:09You know that. You know that it may have a
- 19:11palpable effect on the economy if the preppers are correct.
- 19:16Right. Yeah.
- 19:17But that will only come later anyway.
- 19:19We we move on from that was, incidentally, the foolishness of
- 19:24the week. Oh, no, no, it wasn't.
- 19:27See how stupid it was? It should have been the
- 19:29foolishness of the week. But we've got something even
- 19:32Dumber. And, and it comes from our
- 19:35friend W Westmoreland, who sent it to me just a couple of days
- 19:38ago. And I thought, what stupid
- 19:41things are they doing in North Carolina that Wes is telling me
- 19:45about today? But no, Wes wants me to know
- 19:47about the stupid thing they're doing in Tolleson, AZ.
- 19:51Here we go. The voters in Tolleson, AZ,
- 19:57approved a $125 million school bond last November.
- 20:05And I just want to say that every, and I mean this literally
- 20:10every single time I am presented with the option to vote yes or
- 20:17no on a bond issue, I vote no. I don't care what it's for.
- 20:22I don't care how much people say they need it.
- 20:25I I don't care about anything. One, you've got one no vote
- 20:29baked right in that you have to overcome.
- 20:32And I encourage every single person I know to do the same
- 20:36thing because bond issues are almost always a bunch of
- 20:42nonsense. And the good people of Tolleson,
- 20:46thinking as good people would that the schools need the money,
- 20:51voted yes on this. And then the Tolleson Union High
- 20:57School District decided to move ahead with an $80 million new
- 21:05domed football stadium for their high school football team.
- 21:09Oh wow. There are teams in the NFL that
- 21:12don't have Dome. Stadiums A Dome stadium for a
- 21:15high. School for a high school $80
- 21:19million of the 125 million that the good people of Tolleson
- 21:24decided functionally to tax themselves.
- 21:28A bond is a tax on yourself. James, do you know where
- 21:35Tolleson is in Arizona? No.
- 21:39If I'm looking at the right one, I just asked population Tolleson
- 21:42AZ. It can't be right.
- 21:45It says 9300 people. No, that can be right.
- 21:50That can be right. There are there are little towns
- 21:52all over the place here and some of them cluster together to make
- 21:56larger metropolitan areas. I can give you a little more
- 21:58information on Tolleson. 22% of the district students are
- 22:02proficient in math and 22% and 26 proficient in English.
- 22:09You you would think. You, you, yeah, you would think
- 22:12that, well, I'm sure the voters thought we're going to, we're
- 22:14going to borrow $125 million to get those those numbers up.
- 22:19Then maybe our children won't be so damn stupid.
- 22:21OK, so I'm, I'm just looking at it now.
- 22:24Yeah, you're correct. There's a greater area there the
- 22:27the high school district has 225,000 students.
- 22:33I don't know students, people. The high school district area is
- 22:37225,000. How?
- 22:39Far away are they from me. I do not know.
- 22:42But you got the map open. I don't have a map, I'm talking
- 22:45to AI. Yeah, why?
- 22:49Why, Why do we even ask anymore? You.
- 22:52Have an on. You have an ongoing relationship
- 22:54with AI that surpasses every human relationship you have ever
- 22:58had. But there's this We keep saying
- 23:01over and over. I say we Americans keep saying
- 23:04over and over that we aren't spending enough on schools.
- 23:07In fact, I know it was the case, at least as of five years ago,
- 23:11that Arizona teachers were the lowest paid school teachers in
- 23:16the country. Yep.
- 23:18And I don't mean by a small amount if the time I was.
- 23:21Looking you back then you could you could you a starting salary
- 23:25was I think $29,000. Yeah, at the time I was looking
- 23:28which was about five years ago or so, the the typical salary
- 23:33for public school teacher in Arizona was round about 20 to
- 23:3730,000 in that range versus in Pennsylvania it was 60 to
- 23:4180,000. Now Pennsylvania I think is the
- 23:43third highest paid but but nonetheless.
- 23:47This is a rough state to be a teacher in, but I've I've known
- 23:51I've known a number of very good teachers here, but.
- 23:55Oh yeah, and I yeah, I have as well.
- 23:57I don't know why they. Do it in a state like that.
- 24:00You put a referendum for a bond in front of the voters and of
- 24:05course they're going to assume that you're, at the least you're
- 24:08going to raise the teacher salaries and preferably more
- 24:12educational things to get those numbers up.
- 24:15I'm sure it never occurred to anybody, save for the people who
- 24:18wrote the question, will you give us $125 million that they
- 24:22were going to build a domed stadium?
- 24:25Nope, 80 of 20 of 125, almost 2/3 were immediately set aside
- 24:30to build a stadium. And I can almost guarantee you,
- 24:34aunt, that there will be a budget shortfall in the building
- 24:38of the stadium and they will go back to the voters for more
- 24:42because that's what they, that's what they do.
- 24:44And This is why I, I, I've just gotten a, a bond issue
- 24:48referendum in the mail for me to vote on.
- 24:51And I will be voting no. I don't even look to see what
- 24:55it's for because it doesn't matter.
- 24:59A, a bond issue is a government saying we don't have enough of
- 25:03your money to do what we want to do.
- 25:07Figure it out. Just go figure it out.
- 25:09You get my taxes, go figure it out.
- 25:12You can't have any more. And I think a lot of people see
- 25:16bonds like this and they might start thinking kind of like I
- 25:21do. But anyway, we switch now Ant to
- 25:24the government shutdown, something that you and I really
- 25:27haven't talked about at all. I guess we've become so blase
- 25:31about government shutdowns that we, we just don't, we don't even
- 25:36bother. And I can tell you that my, my
- 25:40wife and son went to a park recently on a, on a road trip
- 25:48and they were not allowed in a variation of the Washington
- 25:51Monument strategy. Right when everything just gets
- 25:54closed down with police tape. And, and, and they texted me,
- 25:59they said, oh, there's police tape across the, the entryway.
- 26:02And I said, can't you just get under it?
- 26:05Probably not keeping you out. And she said, well, there's a a
- 26:09Park Rangers truck just past the tape.
- 26:13Oh right, they're paying the Park Rangers.
- 26:16I said Are you sure? Because I don't think those guys
- 26:19are getting paid. And she said it might be a
- 26:22cardboard cut out as I look at it.
- 26:25And I said so why aren't you in the park?
- 26:29And, and of course, the wife is not a law breaker and I
- 26:33routinely AM. So she did not do what I just
- 26:37would have naturally done and she called it a day.
- 26:43You know, that's the outward manifestation of the shutdown.
- 26:48And I, I can say that I don't feel the effects of a shutdown
- 26:52right now. You, I'm pretty sure you don't
- 26:56either. Although living in DC you may
- 26:58see the effects more than I do. Yeah, I don't, I don't feel them
- 27:03because I'm not involved with government or, or anything that
- 27:06is involved with government. But this is the first time I've
- 27:09been in the environs of DC when there's been a shutdown.
- 27:15And boy, are the people around here feeling you could see it in
- 27:19in really, it's not just a shutdown.
- 27:21It's a shutdown coming after all the Doge cuts.
- 27:25The real estate market is all in tatters.
- 27:29People are. I have a friend who works for
- 27:32the federal government and so I was asking him about this and he
- 27:37said he has not been furloughed. In fact, he won't be furloughed.
- 27:41So he still has to go into work. However, he's not being paid.
- 27:44So, yeah, so. And we're going to He gets worst
- 27:47of both worlds. Yeah, worst of both worlds.
- 27:49And I want to get to that in a very specific context in a
- 27:52couple of minutes, but I want to start with this other thing that
- 28:02has both terrified one group of people and enraged another group
- 28:08of people. And that's the announcement that
- 28:12SNAP, or what we euphemistically call food stamp payments, will
- 28:17not, will not go out November 1st.
- 28:21We're all done. Is that true?
- 28:23Yeah. No more.
- 28:24No more money in that pot and 42,000,000 human beings in the
- 28:31United States get food stamps. That's a mandatory spending
- 28:37item. Trump has The administration has
- 28:40announced that no federal food aid will go out N1 so let's.
- 28:44Just I wonder. Let's work with that assumption
- 28:47at least. OK.
- 28:48But I'm, I'm wondering technically if, if it's not a
- 28:51matter that the money's not there, but rather he's not
- 28:55paying the people who would be moving that money out.
- 28:59Yeah. And in effect, so same same end
- 29:03result. The money's not going out.
- 29:04Yeah, I, I don't know what the technicalities are, but I do
- 29:08know a couple of things that I want to talk about.
- 29:11The first is that, geez, aunt, we've got 42 million people on
- 29:17food aid. We only have 330 million people.
- 29:22That's how many now? One in eight.
- 29:24One in eight Americans. Are on food assistance that is
- 29:32unsustainable. I I can tell you that there are
- 29:38always going to be people who need food assistance.
- 29:42It will never be 1/8 of the population.
- 29:45Yeah. So there's something going on
- 29:47here, and it's going to have to be addressed, right?
- 29:51And there was a time you remember it, and I remember it
- 29:55when people talked about the deserving and the undeserving
- 29:58poor. And we washed that out of our
- 30:02vernacular because it made the undeserving poor feel really bad
- 30:06about themselves. And I, I think I'm ready to
- 30:11start saying things like, do you deserve this?
- 30:17Are you able to work? This gets to the second point
- 30:20that I want to talk about in this very context because in the
- 30:25last, well, in the Trump years, we have normalized cruelty.
- 30:33People are being quite rotten to each other.
- 30:37And you see all over social media, well, there shouldn't be
- 30:41food stamps anyway. To hell with you.
- 30:45Well, really, Because when you find out that considerably
- 30:50better than half the people on food assistance are in fact
- 30:54working, they're trying, right? They're doing what they can.
- 30:59It's just not working out. That's what we would call the
- 31:03deserving poor, right? People who are in the mix, given
- 31:07it all they've got, right? They're just on hard times,
- 31:11right? Right.
- 31:12And they might be on food stamps for a while and then not and
- 31:16then back and then not. But hopefully the trajectory is
- 31:19upward to the point where they can become perfectly
- 31:22self-sustaining and maybe in their hearts, thankful to the
- 31:27rest of us for the help we extended.
- 31:30I have no beef with people like that, none whatsoever.
- 31:34I do have a beef with people who want more and more and more and
- 31:38refuse to do anything to get it. And I I think we're going to
- 31:43have to start differentiating. If we're at one in eight, we're
- 31:47going to have to start differentiating.
- 31:49Well, let me maybe put some context to that one in eight
- 31:54number because I don't know how they're counting this.
- 31:57If you say if they're counting people, not households, which I
- 32:01they're. Counting people would.
- 32:02Think they are 42,000,000. Figure a decent chunk of those
- 32:07are going to be children, right? I don't know how many like
- 32:12children and also the elderly. So let's say just for the sake
- 32:15of argument, half of the people of those 42,000,000 other
- 32:19children are elderly. Well, now you're down to to 6%
- 32:24because the children relatively I wouldn't they're relying on
- 32:26somebody else who who hasn't stepped up or circumstances what
- 32:30have you. Yeah.
- 32:31So I would say really the number you're talking about is not one
- 32:34in eight, but one in 16. Well, and we're going to have to
- 32:38figure it all out. It's going to take more work
- 32:40than we just did. You know, I, I've worked for
- 32:44many years, still do with, with my parish and the many things
- 32:49that we do. And one of them is helping the
- 32:51poor. And this, this came up was 1
- 32:56Christmas some years ago when, you know, we're giving out
- 32:58things and somebody said, well, you know, there are people here
- 33:01who are coming for presents or food or what have you.
- 33:04And clearly they don't need it. And, and an older woman said you
- 33:09have to go through the greedy to get to the needy.
- 33:12I thought, wow, that's a great way to look at it.
- 33:15OK, fine, you're greedy. You don't need this, but we'll
- 33:18give it to you go and that that's now you're out of the
- 33:21way. I can get to the needy people I
- 33:23need to get to. And I have no problem with a
- 33:26private charity doing that. I have a lot of problem with
- 33:29federal government doing that. Yeah, and people will say, you
- 33:34know well, but private charities don't do enough.
- 33:37But I think part of the problem is we turn to government 1st and
- 33:42government crowds out to, we can argue to what degree, but it
- 33:46does crowd out private charity. We should be doing the other
- 33:48way. Turn to private charity 1st and
- 33:50then let the government pick up pick up the pieces that are
- 33:52left. Yeah, look, I, I think some form
- 33:55of work fair is in order. I, I really do.
- 33:58If you're going to, if you're going to get a handout from the
- 34:00government, here's your crappy, crappy job we're going to expect
- 34:03you to go do, even if it's cleaning the highways or
- 34:06something, something, right? Just just something.
- 34:11But, but anyway, there's more to the story than just this.
- 34:15Although this is going to be a problem, right?
- 34:18Because you're going to have, regardless of how many people
- 34:22might not deserve this, you're going to have a bunch of hungry
- 34:26people as of November 1st. And hungry people do desperate
- 34:31things. They do.
- 34:34And I, I can guarantee you that the one of the first things
- 34:38that's going to ripple through the news is people stealing from
- 34:42grocery stores. And then the second thing that's
- 34:45going to ripple through the news, once people realize that
- 34:48that's not as easy as it seems, they're just going to start
- 34:51taking shopping carts from people as they go from the door
- 34:54of the store to their car because those are the obvious
- 34:59victims. These things are going to happen
- 35:02if people get hungry enough. So you've got that coming N1 and
- 35:07then you've got Ant flight delays because 13,000 air
- 35:14traffic controllers and 50,000 Transportation Security
- 35:18Administration officers must work without pay.
- 35:23So all the air traffic controllers and the TSA guys,
- 35:28now I'm going to make the argument that we could probably
- 35:30live without the TSA guys. But the air traffic control
- 35:34system, that's where. We need those guys.
- 35:36That is one of the very few things I point to and say.
- 35:39This is why you want a federal government right here.
- 35:43They're being asked to work without pay.
- 35:44And you know what happens when people are asked to work without
- 35:47pay? They don't show up for work as
- 35:49much. Right.
- 35:51They take days off, they get sick and don't go.
- 35:55And I don't blame them. I wouldn't either.
- 35:57I don't go to work if somebody's not paying me.
- 36:01That's video game time, right? That's that's music time.
- 36:05I'm going to do something I truly enjoy if I'm not, if I
- 36:08don't have the opportunity to make a living.
- 36:11And so we've got think about this and, and look, even right
- 36:15now we have kind of like rolling groundings in Houston, in
- 36:20Dallas, a couple other airports right now.
- 36:23I think 8000 flights were delayed yesterday.
- 36:27Holy crap. Do you know what happens on
- 36:30November 27th, 3 weeks after the food runs out and three weeks
- 36:34after 13,000 air traffic controllers don't get paid?
- 36:40Isn't that the heaviest travel day of the year?
- 36:43Indeed it is, and the biggest eating day of the year.
- 36:47Right. Thanksgiving.
- 36:50What are all these poor people without food and all these air
- 36:53traffic controllers without pay? What's that going to yield
- 36:59around Thanksgiving Chaos? Certainly it's not going to
- 37:03chaos, it's not going to go on that long, do you think?
- 37:05Well, and that's why I think it's not going to go that long.
- 37:09I think there is an obvious day that this nonsense needs to be
- 37:14squared away and it's Thanksgiving.
- 37:19I think it can go until maybe a week or five days before
- 37:22Thanksgiving, but it can't go past that.
- 37:26I'd really be. Surprised to see it go that far.
- 37:30I would like, and I'm going to, I'm going to temper my language
- 37:34here because I don't want people to suffer.
- 37:39I want to make that perfectly clear, but I would like to see
- 37:42the backlash of a ruined Thanksgiving.
- 37:45I think that might teach politicians a lesson that they
- 37:48they wouldn't otherwise learn when they take away things that
- 37:52are important to people on a deep personal level.
- 37:56And you know, we've said this before, at least I have.
- 37:59Thanksgiving is likely my favorite day of the year.
- 38:03It's, it's a fantastic day. It has everything that I love
- 38:09wrapped up until one day. Probably not this year as my, my
- 38:132 beautiful daughters have moved out of the house and are very
- 38:17unlikely to make it back right. So the gathering of family,
- 38:21probably not going to happen, but a fantastic dinner.
- 38:26No expectations on the other people in your family, right?
- 38:29It's not a gift giving opportunity.
- 38:31Slash mess football on my TV. Temperate weather outside my
- 38:39door. This is a wonderful American
- 38:43holiday, and if government ruins it even once, people may never
- 38:48trust government again. And where you started?
- 38:53They're already thinking that government is the federal
- 38:55government is too powerful. Well, part of being too powerful
- 39:01is not doing the things that need to be done and being able
- 39:06to get away with it. That's probably the most
- 39:08pernicious form of power that you can do the things that
- 39:13you're situated to do, and you just simply refuse because who's
- 39:18going to hold you accountable? And to people who will say,
- 39:21well, these guys are constantly talking about the government
- 39:24being too big, and now they're complaining about the shutdown,
- 39:28let me remind you that government shutdowns actually
- 39:31cost more money than keeping the government open.
- 39:35So this is achieving nothing on the economic side.
- 39:38And why don't we put a graph up right here?
- 39:41This is an easy one because we see it every single time the
- 39:45government shuts down, spending flat lines.
- 39:48And then the minute the shutdown is over, it increases well past
- 39:56the point that it would have been otherwise.
- 39:59And then we wait for the next shutdown and it flatlines and
- 40:02then it goes right back up again.
- 40:03And why does it go right back up again?
- 40:05Because everybody and every contractor gets back paid.
- 40:09It's not like the people who worked or who lost out on
- 40:14contracts during this period have to eat that loss.
- 40:18We as taxpayers have to eat that loss.
- 40:22Why we just pay for it later? So what you're looking at is,
- 40:26and this comes from my beloved Fred, this is the Federal
- 40:29Reserve Economic Database. What you're seeing is the
- 40:33federal debt going back to roughly 2010, right?
- 40:37So this is straight up the federal debt in dollars.
- 40:39That's what you think. And of course, the thing goes up
- 40:41as you go along. But if as you look at this
- 40:43graph, as you move from left to right, notice there are several
- 40:46places where it's flat and then it jumps, and then it's flat and
- 40:51then it jumps. And there's a very big one there
- 40:54at 2020, but I believe that was due to COVID.
- 40:57But you can see one later on in 2021, it's flat and then it
- 41:01jumps. Now what's going on here?
- 41:03The flat is the federal government hitting its debt
- 41:07ceiling. So of course, it hits a debt
- 41:08ceiling so it can't borrow any more money.
- 41:10And you get an effect not dissimilar from the shutdown.
- 41:14They don't necessarily always shut down, but you've got the
- 41:16same thing of all of a sudden we're in stasis because we can't
- 41:19spend any more money and the thing gets resolved.
- 41:23And when it gets resolved, the spending resumes.
- 41:26And you would think, OK, we'll spending resumes, but we saved
- 41:29money because we were shut down for those days or we weren't
- 41:33spending or whatever it is. No, no, no, all that spending
- 41:35gets pushed off to the end. So once the debt ceiling is
- 41:39raised or once the government is now turned back on, all of that
- 41:44spending that should have happened and didn't all happens
- 41:47at once. All at once, so.
- 41:49You know, you talk about the the federal workers getting their
- 41:52back pay. Yeah, they get their, they get
- 41:54their back pay. So yes, they're not getting paid
- 41:56now, but they are going to get that in the future.
- 41:58Actually, there is there is a group who is going to get the
- 42:02fuzzy end of the sucker here. And those are people who work
- 42:06for the federal government on a contracting basis.
- 42:08They. Aren't federal contracts don't
- 42:11include this. Other contracts do, right?
- 42:15And, and I was, I'd start off by talking about my friend who
- 42:18works for the federal government and he's in a, he has not been
- 42:22furloughed. He's required to go into work,
- 42:25but he's not being paid. So yeah, I mean that we had a
- 42:30name for that 150 years ago and we outlawed.
- 42:32Yes we did. Yes we did.
- 42:34Now. Now we just say it sucks to be
- 42:36him. But it gets worse if you're a
- 42:38furloughed worker, so you're not getting paid and you don't come
- 42:43into work, you are forbidden from getting work on the side.
- 42:47So you just have to sit there without a paycheck, not doing
- 42:49anything with without a paycheck and not doing anything.
- 42:53And coming around full circle, getting all the way back to the
- 42:56food problem, a number of federal workers, lower level
- 43:02federal workers and a number of contractors.
- 43:05And all the workers who rely on the contractors, they're,
- 43:10they're eviscerating the food banks in and around DC.
- 43:15Yeah. And there's a massive shortage
- 43:19there. Well, yeah.
- 43:21I mean, you can see this is how a problem starts, and you're
- 43:26seeing things starting to have a ripple effect, and it will get
- 43:32worse. And because we've normalized
- 43:36cruelty, people say things like, I don't care.
- 43:42Well, OK, don't don't care. Sooner or later, violence will
- 43:50show up at your door if you continue not to care.
- 43:53So there's a perfectly self interested reason to care.
- 43:57And aunt, you've heard me say this over and over and over lo,
- 44:03these many years. I actually believe, and I want
- 44:07people to hear the words that I'm saying, I actually believe
- 44:11that welfare is the way we buy the cooperation of the poor.
- 44:17You know. It keeps the poor from revolting
- 44:23and if that makes me sound like an anti capitalist I don't care
- 44:28it it makes me a realistic human being who can see what a
- 44:32political system does to maintain order.
- 44:36And when that breaks down, the order that it was keeping will
- 44:41break down too. So be careful.
- 44:46Be careful how cruel you want to be, and be careful what your
- 44:51policy wishes are. Just be careful, because
- 44:55terrible things could in fact happen.
- 44:59James and I are delighted to be working with Civil.
- 45:01For years we have been pushing people to think about how we can
- 45:04make the world a better place. Civil's mission of upgrading
- 45:08society fits exactly with what James and I have been talking
- 45:11about for years. Civil helps us by allowing us to
- 45:14do what we do best, which is researching topics that are
- 45:17important and communicating these to our listeners in ways
- 45:21we hope they find enjoyable. To see Civil's extensive list of
- 45:24content, including our podcast Words and Numbers and our new
- 45:28lecture series, Words and Numbers Live, visit civil.com.
- 45:31That's civl.com. I'm going to go back to the
- 45:36shutdown itself because, frankly, I've forgotten why it
- 45:40shut down. What's the point here?
- 45:42What? There's some impasse.
- 45:46Yeah, Democrats want a bunch of a bunch of crap that the
- 45:49Republicans don't want to give them.
- 45:52Chief among them, it seems, if everybody's telling the truth,
- 45:56is money to support the Affordable Care Act in ways into
- 46:03the future that would otherwise disappear.
- 46:07Subsidies for the ACA. And Republicans are saying, no,
- 46:11we're not going to do that. And Democrats are saying, well,
- 46:15people's, people's healthcare costs are skyrocketing to
- 46:21exactly what Harrigan said they were back in 2017, right?
- 46:26You might, you might recall. And when I said in 2017 that in
- 46:30order to get healthcare for my family of five because I, I no
- 46:35longer had a job after strata closed down and I and I was
- 46:39mandated to buy healthcare, you might remember who had to.
- 46:44Affordable Care Act required you to have healthcare.
- 46:46Required you to have it and, and all I wanted was catastrophic
- 46:50insurance. So if somebody fell down and
- 46:52broke a leg, I'm covered. But if we have to go in for a
- 46:56case of the flu, I, I'll pay for it.
- 47:00But you couldn't have that, right?
- 47:02That was no longer allowed. You had to have not insurance
- 47:05but coverage, and between the premiums and the deductibles, I
- 47:12was going to be $35,000 out of pocket before a single dime was
- 47:18covered. So it was cheaper for me to say,
- 47:24well no, we're not doing that, and to just pay the fine.
- 47:27It was way cheaper. And this was after the
- 47:30Affordable Care Act. Was passed.
- 47:32This was a direct result of the Affordable Care Act.
- 47:36And then they figured out a way to subsidize all the the Obama
- 47:40fanboys called me a liar. There's no you're you're just
- 47:43lying to make a point. I'm trust me, that was the best
- 47:47you. Had Obama Derangement Syndrome.
- 47:50I I. Did.
- 47:51That was the best plan I could find.
- 47:53There were far, far far worse ones, but that was the best.
- 47:56And I've been seeing lately people presenting that very same
- 48:01math that, you know, 32 to $35,000 between premiums and
- 48:07deductibles right now. And, and the Democrats, you
- 48:11know, knowing who their base kind of is, are looking at that
- 48:17saying, oh, no, no, no, no, no, no, we can't have that.
- 48:20Now, oddly, we've had a bit of a reversion in terms of the
- 48:25parties, right? The working class is becoming
- 48:29ever more Republican in the upper class is becoming ever
- 48:32more Democrat. So things are really changing
- 48:35there. And I, I dare say when Trump
- 48:39says no to that, a bunch of his people are going to be on the
- 48:43ass end of that screw and they just haven't figured that out
- 48:46yet. Kind of like the farmers ended
- 48:49up paying for the tariffs in the form of the, you know, no
- 48:54Chinese market anymore, right? And this sort of thing.
- 48:58So he's, he's carving into his own base with, with some of this
- 49:01behavior. And sooner or later it becomes
- 49:05so obviously painful that you have to stop doing it as
- 49:08politicians. OK, so, so that's my follow up
- 49:11question. The average voter, and I, I
- 49:13stress average, looking at this, sees the government shutdown,
- 49:18not doing the things it's supposed to do and the
- 49:21Republicans in control of Congress, in control of the
- 49:24White House. Now, I know there's fine print
- 49:28there about you need to get a bill through the Senate and you
- 49:32need a super majority, which the Republicans don't have.
- 49:35Therefore the Democrats can stop legislation even though they're
- 49:39a minority. But that's not that's that's
- 49:42splitting hairs for the average voter.
- 49:45For the average voter, it absolutely is.
- 49:47For the, the average voter will say, and I think reason
- 49:50reasonably so you have the presidency, you have the House,
- 49:53you have the Senate, just go do something and that perfectly
- 49:58reasonable thing to say. I want to push back a little bit
- 50:01on super majority. That's that's a term of there
- 50:05are things that would be super majorities.
- 50:07I think 2/3, three quarters, 66 or 75 in the Senate, but you
- 50:14need 60, which means, you know, you got to you got to get your
- 50:18own people on board uniformly and you got to peel off 6 or 7
- 50:24Democrats. And if you can't do that, maybe
- 50:31you don't deserve to cover. I mean, there's got to be
- 50:35something you can offer to six or seven Democrats that would
- 50:39peel them off. You've already got John
- 50:40Fetterman right from Pennsylvania, a guy who I
- 50:44actually quite enjoy watching. He's he's always a bit of a wild
- 50:49card. Well they they may not have a
- 50:50much longer. Isn't he switching parties?
- 50:54You know, there's always scuttlebutt, but who knows?
- 50:56Sooner or later he has to face the the voters in Pennsylvania.
- 50:59And I don't know if they're going to like him enough to to
- 51:02re elect him. We'll see.
- 51:04But you know, 60 is not a super majority.
- 51:06It's just more than it's a bit more than half.
- 51:10And if, if you can't get it done, I mean, come on, you can't
- 51:13get it done. And we're, we're approaching a
- 51:16time here where something's going to give.
- 51:21I, I can feel it happening. And Thanksgiving is a hard stop
- 51:25on this. So who's going to give and what
- 51:29are they going to give? And that's going to be real fun
- 51:32to watch. I don't.
- 51:33Know I can't. I can't imagine the Democrats
- 51:37giving in if they do. Make Trump look stupid.
- 51:43Well, it'll it'll send a signal that the Republicans can just
- 51:46run all over them, that we're effectively one party, at least
- 51:49until the midterms. And yet, if they if the
- 51:54Democrats become perceived as the party that ended food
- 52:01stamps. Right.
- 52:03Yeah. Then again, we're one party,
- 52:05right? Yeah, yeah.
- 52:06The the the midterms aren't going to go well for them at
- 52:09all. Yeah.
- 52:10And, and trust me, everybody is thinking more about the midterms
- 52:17than they're thinking about people who need food.
- 52:20Yeah. They're they're a pack of
- 52:21sociopaths. You don't get to where they all
- 52:25are if you're not a sociopath. I think I looking at Congress
- 52:31broadly, there may be a handful who aren't maybe and that's that
- 52:39I don't, I'll just leave it at that.
- 52:41This. These are the kind of people who
- 52:43seek power, who's not seeking power?
- 52:45Me and you. Good God, good God.
- 52:49I actually was asked yesterday by someone who has the ability
- 52:54to make good on this if I wanted my name floated for a job in the
- 52:59administration. Really.
- 53:02I can't imagine. Did you?
- 53:03And you said no. I can't imagine I I don't.
- 53:07In the end, I'm can can you say what kind of job?
- 53:10No, in the end, I'm positive they wouldn't want me.
- 53:13So there's that, right? They got to know me.
- 53:16They wouldn't want me at all. But no, I can't do that.
- 53:21I just can't. Yeah, you.
- 53:22Can you say recall what you and I were together?
- 53:25It was, I want to say 10 years ago, I was giving a talk
- 53:29somewhere in Pittsburgh and at the end of the thing, my handler
- 53:34said, oh, we got some people who want to meet you.
- 53:36I said, fine, people like to, you know, talk after this thing.
- 53:40So I go in and it's a room of of Republican donors and they want
- 53:46to float my name to replace whatever Republican congressman
- 53:51was from that area was resigning.
- 53:54And I thought about it a bit and I said, and I said to the to the
- 53:57people, I I can't, it will be too much like working for the
- 54:01enemy. And they said, they said the
- 54:05Republicans are the enemy. I said no, no, government is the
- 54:09enemy. And I, I was a little
- 54:13disappointed then because you and I had agreed that I would be
- 54:16your chief of staff if you moved forward with it.
- 54:19Right. Yeah, but then I'd just be a
- 54:20puppet, right? That's right.
- 54:22We both know how that goes. That, that's right, chief of
- 54:25staff for a congressman is a job I could clearly do.
- 54:29That's what I would want because we would have no other staff.
- 54:32The entire budget would flow in in the form of my salary and
- 54:36then we would sit in the office. And say no to everything.
- 54:39And say no to everything. That's right.
- 54:41It would be a very, very easy gig to have being congressman if
- 54:45I were the other guy you, I don't think I could do it.
- 54:49I, I joke about running for Congress every few years saying
- 54:53that I will simply vote no for it's kind of like the bond issue
- 54:58that we started with. I will simply vote no for
- 55:00everything that adds a dime to the federal debt, which is
- 55:04literally every spending bill. It's just, I'm an automatic no.
- 55:09You have to overcome that. And if I can get 20 more people
- 55:13into the House of Representatives who are
- 55:15automatic no's, trust me, we control the House of
- 55:19Representatives. Me. 20 people could control the
- 55:24entire process if they had the the nerve to just put their
- 55:29boots in the ground and say no all the time, without fail,
- 55:34without question. If everybody knows that's going
- 55:38to be your answer and all these other weirdos too, Now they have
- 55:42no choice but to behave better. They have no choice because
- 55:46people start saying, look, these 20 people said you couldn't do
- 55:50it. You did it anyway.
- 55:51The debt went up again. Now we're going to make it so
- 55:54they're 30 people and then 40. And before you know it, right,
- 55:57that that's how internal revolutions happen.
- 56:01And we got, we got Ron Paul. He did that.
- 56:04But he did that. And I haven't heard of any other
- 56:06congressman. Justin Amash did it.
- 56:10Sure. Yes, right.
- 56:11Thomas Massey to some degree, to a lesser degree, but to a very
- 56:15significant degree still does it.
- 56:18Rand Paul in the Senate behaves this way some years, not other
- 56:25years. So there are some.
- 56:29But you know, in the end, I'm not getting elected saying that
- 56:34because what I'm also saying is I'm not going to be bringing
- 56:37pork back to the district, right?
- 56:40You're not going to get all these subsidies and grants and
- 56:43every other damn thing. And, you know, until you break
- 56:46your addiction on these things, you're going to have problems
- 56:49like we have right now. And those problems will get
- 56:52worse as the debt escalates because the interest on the debt
- 56:56escalates as well, which means we have to borrow even more to
- 57:00pay for what we've already borrowed.
- 57:03And well, I mean, there's, there's no happy end insight
- 57:06here. So when you think about grounded
- 57:10flights all over the country at Thanksgiving and people who are
- 57:13literally hungry at the same time, many of them children who
- 57:19have no say in the matter, that's what you get.
- 57:25I'm not saying that we should just throw money at everything,
- 57:29but I'm saying when you stop the flow there are repercussions and
- 57:35they get worse and worse and worse over time.
- 57:38It's not at all different than going cold Turkey after you've
- 57:42been in a drug for a long time. Yeah, that's right.
- 57:45That that. That's probably the absolute
- 57:49best analogy. Yeah, you want to get off the
- 57:52drug, Absolutely, but there are ways to do it.
- 57:55Yeah, yeah. I I will cheerfully admit the
- 57:58hardest thing I've ever done in my life is quit smoking.
- 58:02By far. It's not even close.
- 58:06It's that bad. People out there who used to
- 58:08smoke know exactly what I'm talking about.
- 58:10It's miserable. How do you get off the
- 58:15government teat when it's so profoundly huge and covers so
- 58:21many different things? I don't know the answer to that
- 58:25question. I mean, I do, but I don't know
- 58:28how to do it in anything approaching A painless fashion.
- 58:32I guess I would encourage people to keep watching Argentina
- 58:37because they seem to be moving in the right direction and
- 58:40Javier Malay in an election I guess it was yesterday, was
- 58:44hoping to get 30% of the vote and got 40.
- 58:48Wow, wow. People are starting to give him
- 58:53the benefit of the doubt. Is it deserved?
- 58:57Hey, I don't know, I'm not in Argentina.
- 58:59From a distance, sure looks that way.
- 59:03I'd love to have him on but his English just isn't where it
- 59:07would need to be. He doesn't do interviews in
- 59:09English. We've got to get an interpreter,
- 59:13we've got to get them on somehow.
- 59:16I, I, I also, I guess we're actually done now, right,
- 59:20talking about this. So let's just have a minute and
- 59:24talk about who I've been inviting to come on the podcast
- 59:27because I'm, I'm looking for, I'm looking for people who are
- 59:31interesting, right? And who are legitimately famous.
- 59:36And I asked Dee Snyder yesterday the the singer for the metal
- 59:41band Twisted Sister, who said something, Yeah, who said some
- 59:46said something on Twitter that I thought, hey, that's
- 59:49interesting. And and I caught him there and I
- 59:52thought, hey, wouldn't it be great if he could come on and
- 59:55talk about the 1985 PMRC fiasco when he testified in Senate?
- 1:00:00He was fantastic. So, so brilliant in front of a
- 1:00:05crowd full of very hostile people.
- 1:00:08He just walked in in a pair of jeans and and and a kind of a a
- 1:00:13leather and chains look and laid it down for them in a way that
- 1:00:18was so intelligent they all shut up.
- 1:00:21It was the weirdest triumvirate I've you've.
- 1:00:23Got to help me out here. What is the PMRC fiasco?
- 1:00:27Parental Music Resource. Oh, OK.
- 1:00:31And it was, it was John Denver, Frank Zappa and Dee Snyder,
- 1:00:35three people who would never have been in the same room
- 1:00:38otherwise, showed up and let those people have it.
- 1:00:43And it was beautiful. And I would love Dee Snyder to
- 1:00:46come on and talk about that. It actually comes up on, on our,
- 1:00:49in our discussions often, right? We, you and I have mentioned
- 1:00:54this in passing probably 50 times.
- 1:00:59And then I I went and saw a guy, John Andrasik is his name and he
- 1:01:04performs under the name 5 for Fighting, had a gigantic hit
- 1:01:09called Superman. Another gigantic hit called 100
- 1:01:13Years Superman became known as the 9/11 song.
- 1:01:17He played it at the 9/11 concert and this sort of thing.
- 1:01:20And he was in Tucson last week and I went and saw him and it
- 1:01:24was just blown away by how great the show was.
- 1:01:26So I sent him a tweet and I said, hey man, you should come
- 1:01:30on my podcast. I want to talk about your
- 1:01:33songwriting process, why you do what you are the economics of
- 1:01:38touring. And what was the 3rd 10 being an
- 1:01:41outsider in in in the culture 'cause he's he's a conservative
- 1:01:47and and yet he makes his living as as a singer.
- 1:01:51He performed here in Tucson with a string quartet and it was
- 1:01:54stunning. It was just stunning.
- 1:01:57Prior to the concert, I sent him a tweet inviting him and his
- 1:02:01crew and the band over to my house for dinner, but I never
- 1:02:04heard back. But when I pushed him a little
- 1:02:08bit to come on the podcast, I got a thumbs up sign on on
- 1:02:14Twitter. And I kind of take that as
- 1:02:16meaning I could start harassing him about it.
- 1:02:18Now, Snyder do no, no, no sign at all.
- 1:02:23But you know, we're we're looking to have these
- 1:02:25fascinating type of people on. So if you happen to know a
- 1:02:30fascinating person and and hear me when I say this with a much
- 1:02:35bigger reach than we already have, right?
- 1:02:39We're looking to build an audience.
- 1:02:41And the only way you build an audience is to go find different
- 1:02:44people. So it's saying, oh, yeah, you
- 1:02:47should have our friend Phil Magnus on again.
- 1:02:50Well, we. Are going to have.
- 1:02:52We are going to have Phil Magnus on again, but everybody who
- 1:02:55knows Phil already knows us, and vice versa.
- 1:02:58So who out there is fascinating? Who does not know us?
- 1:03:03That's who we want to talk to. Trust us.
- 1:03:06We'll find something interesting to get into if you know somebody
- 1:03:09out there. Instead of hate mail, send this
- 1:03:13kind of mail to wordsandnumberspodcast@gmail.com.
- 1:03:17See, I even know the the address.
- 1:03:19Well, I've been saying it for so many years.
- 1:03:21And I have to unsubscribe from every mailing list that we get
- 1:03:25put on by those by the weasels. Out there who?
- 1:03:30Just can't stop subscribing us to all manner.
- 1:03:36Of drivel. The Marxists of like Central
- 1:03:41Cleveland or whatever it was that that was inspired.
- 1:03:45Whoever did that, my metaphorical hat is off to you.
- 1:03:50Until next time at take care of yourself, be well, be good, and
- 1:03:56be nice to each other. See you next time.
- 1:03:58See you next time, James. At Words and Numbers.
- 1:04:01We spend a lot of time talking about what's going on in the
- 1:04:04economy and the government, but fundamentally, all of this boils
- 1:04:07down to one thing. The greatest threat facing
- 1:04:10modern society is a lack of respect.
- 1:04:13The people who disagree somehow find it difficult, if not
- 1:04:16impossible, to discuss their differences in a civil manner.
- 1:04:19We as civil are interested in upgrading civilization by
- 1:04:22encouraging people to engage with new ideas and ultimately to
- 1:04:26engage civilly with each other. If you share this idea, please
- 1:04:30join us by subscribing at civil.com.civl.com.