WEBVTT - Israelis Say--Let's Roll!

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<v Speaker 1>Broadcasting live from the Abraham Lincoln Radio Studio at the

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<v Speaker 1>George Washington Broadcast Center.

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<v Speaker 2>Jack Armstrong and Joe Getty.

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<v Speaker 3>Armstrong and Getty.

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<v Speaker 4>And now.

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<v Speaker 5>The morally binding Armstrong and Getty Show, live from Studio C. C, senor!

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<v Speaker 5>A dimly lit room deep within the bowels of the

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<v Speaker 5>Armstrong and Getty Communications compound.

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<v Speaker 4>The bowels, I tell you!

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<v Speaker 5>Oh!

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<v Speaker 2>And today.

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<v Speaker 4>What? My bowels! Today we're toiling under the title of

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<v Speaker 4>the show.

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<v Speaker 3>Israelis say, let's roll and save airliner. Or if you prefer,

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<v Speaker 3>are rape allegations the.

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<v Speaker 4>New national pastime?

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<v Speaker 6>Oh, boy.

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<v Speaker 2>Okay.

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<v Speaker 4>That's a rough one. Yeah, we do have some breaking news,

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<v Speaker 4>or I don't know, what's the latest details? Maybe you

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<v Speaker 4>have newer details than I do. I have very new details.

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<v Speaker 4>On the flight that was supposed to land in Tel Aviv,

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<v Speaker 4>Israel did not, and plunged and looked like it was

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<v Speaker 4>going to crash, and the pilot stabbed the other pilot,

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<v Speaker 4>or what happened?

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<v Speaker 3>Co-pilot stabbed the pilot and tried to crash the airplane.

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<v Speaker 3>Stabbed pilot, fought back, yelled for help. Passengers, Todd Beamer

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<v Speaker 3>in Flight 93 style, said let's roll and began beating

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<v Speaker 3>on the terrorist. And several were wounded, blood everywhere.

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<v Speaker 4>So you just used a word that may have been

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<v Speaker 4>completely inappropriate and unprofessional. Checking if I can use the

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<v Speaker 4>F word at this point. No, I can't. Blank you.

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<v Speaker 4>Blank anyone who says that.

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<v Speaker 3>He's a freaking Islamist terrorist piece of garbage.

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<v Speaker 4>Do we know that? Do we know that it's not

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<v Speaker 4>just a guy whose wife was having an affair and

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<v Speaker 4>he decided to kill himself? Like, apparently it's happened a

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<v Speaker 4>couple of times on flights around the world.

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<v Speaker 3>It is entirely possible. And I respect, I salute your

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<v Speaker 3>commitment to journalistic excellence in contrast to the Cornell rape thing,

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<v Speaker 3>which we'll talk about later.

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<v Speaker 2>Okay.

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<v Speaker 3>It is possible that the Omani Muslim man who was

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<v Speaker 3>the co-pilot of a plane full of Jews might have

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<v Speaker 3>been angry at his estranged wife. It's true.

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<v Speaker 4>Did he yell Allah Akbar as he stabbed the pilot

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<v Speaker 4>and took over the plane? That is not clear to me.

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<v Speaker 4>It was headed to Tel Aviv. I mean, it's certainly

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<v Speaker 4>possible that he was going to do a 9-11 and

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<v Speaker 4>fly it into a big building in Tel Aviv and kill.

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<v Speaker 3>A bunch of people.

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<v Speaker 2>Yeah.

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<v Speaker 4>Along with everybody on the plane. Although I have had

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<v Speaker 4>in recent years a couple of nut job suicidal weirdos

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<v Speaker 4>who've apparently just wanted to die and performatively like we've

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<v Speaker 4>been talking about now for a couple of years. You

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<v Speaker 4>can't just kill yourself in silence anymore. You've got to

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<v Speaker 4>make a big spectacle out of it for some reason.

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<v Speaker 4>It's a weird and troubling thing that is happening.

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<v Speaker 2>Right.

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<v Speaker 3>Now, one official, and it doesn't make clear if he

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<v Speaker 3>is an Israeli official or a Saudi official, as the

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<v Speaker 3>plane made the emergency landing in Saudi Arabia, an official

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<v Speaker 3>told a news outlet there, one pilot stabbed the other

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<v Speaker 3>and tried to do a 9-11 as Israeli fighter jets

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<v Speaker 3>were scrambled as a precaution.

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<v Speaker 4>Now, I know on the, I was watching News Nation

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<v Speaker 4>and the host actually asked their guest, is it appropriate

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<v Speaker 4>to use the T word? Do we know anything about

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<v Speaker 4>that yet? And at least at that time, but that

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<v Speaker 4>information was a couple hours old. They weren't anywhere near

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<v Speaker 4>thinking it was a terrorist thing at that point. There's

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<v Speaker 4>an outside chance it's something other than that. Yeah, that's

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<v Speaker 4>a fair criticism. Well, I would like to nail it

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<v Speaker 4>down because if it is terrorism, then that's a pretty

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<v Speaker 4>big deal.

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<v Speaker 3>Yeah, they know that the co-pilot who did the Stabbins

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<v Speaker 3>is an Omani national. Mossad suspects it was terrorism. Everybody

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<v Speaker 3>suspects it was terrorism.

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<v Speaker 1>Yes.

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<v Speaker 4>Do they have any sort of screening for Omani Muslim

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<v Speaker 4>pilots flying plane loads of Jews to Israel?

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<v Speaker 3>Maybe have like undercover guys in the airline lunchroom say, hey,

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<v Speaker 3>you know, occasionally we fly planes full of Israelis back home.

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<v Speaker 3>What do you think of that, bro?

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<v Speaker 4>Just, you know, see what people say. See if he

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<v Speaker 4>mutters under his breath or anything. Right, right.

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<v Speaker 3>He drank the blood of children.

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<v Speaker 4>Some sort of garbage. Yeah, yeah.

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<v Speaker 3>Anyway, the passengers and crew scrambled to defeat the knife-wielding lunatic,

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<v Speaker 3>probably terrorist, and there were other pilots in the plane

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<v Speaker 3>who rushed to the cockpit and took over.

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<v Speaker 4>Lucky them. Otherwise, do we have a pilot on the plane? No.

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<v Speaker 4>Do we have.

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<v Speaker 4>A really skilled video gamer. You ever done a simulation?

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<v Speaker 4>A bus driver. That's a big vehicle. Right. Pretty soon

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<v Speaker 4>they get down to disc jockeys, and that's when I

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<v Speaker 4>get up and run up there and take over the plane.

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<v Speaker 3>I've got this.

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<v Speaker 4>I can take care of this.

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<v Speaker 3>Oh, clear skies and 76 degrees. This will be a

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<v Speaker 3>piece of cake. Well, thank God it didn't come to that.

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<v Speaker 2>Yes.

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<v Speaker 4>The good news is it did not come to a

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<v Speaker 4>disc jockey landing the plane. Right.

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<v Speaker 3>Thank God.

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<v Speaker 4>For instance, the reason I said the morally binding Armstrong

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<v Speaker 4>and Getty show is that's what happened yesterday at the

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<v Speaker 4>White House. All the big tech leaders. And wow, was

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<v Speaker 4>that some sort of picture? I have a feeling that's

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<v Speaker 4>a historic picture that will be remembered years from now.

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<v Speaker 3>In one light or another.

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<v Speaker 4>Yes, in one light or another, when the AIS hits

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<v Speaker 4>the AI fan and this all plays out, the picture

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<v Speaker 4>of all the big government officials, including the president of

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<v Speaker 4>the United States, right behind him, you got Elon, you

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<v Speaker 4>got Jensen from NVIDIA, you got anthropic Dario, you got Zuckerberg.

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<v Speaker 4>I mean, it's all of the.

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<v Speaker 4>Already very important and powerful, but maybe soon to be

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<v Speaker 4>the most powerful people on planet Earth.

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<v Speaker 5>Right.

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<v Speaker 4>With the president of the United States talking about this.

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<v Speaker 4>And they all signed a morally binding. That's why we're

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<v Speaker 4>counting on it here. We're really counting on the morally part.

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<v Speaker 4>Morally binding statement that they were going to police each other.

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<v Speaker 4>A morally binding statement, including Mark Zuckerberg. Why, that's hilarious.

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<v Speaker 4>That is so cute. Before you plunge on further.

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<v Speaker 3>If our robot overlords do allow us to display that

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<v Speaker 3>historic photo, Michael, it can only have one possible caption.

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<v Speaker 4>What is that?

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<v Speaker 3>What is that? I have to ask you to listen

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<v Speaker 3>to the show during the show. What the F type

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<v Speaker 3>of A-I-S.

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<v Speaker 4>What the F type of A-I-S. If we ever talk

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<v Speaker 4>about AI and don't play that clip, we have failed.

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<v Speaker 4>That is going to be the clip of the year,

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<v Speaker 4>unless something amazing comes along. A morally binding agreement all

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<v Speaker 4>those people signed to police each other is the theory here.

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<v Speaker 4>Not sure exactly how that will work. I don't know

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<v Speaker 4>how Elon will keep an eye on Zuckerberg and Zuckerberg

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<v Speaker 4>will keep an eye on Dario and Anthropic. And I

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<v Speaker 4>don't know how they'll know what they're doing and then

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<v Speaker 4>alert someone.

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<v Speaker 3>Right.

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<v Speaker 4>And then that someone would do what?

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<v Speaker 3>Well, the bully pulpit must remain bullying to even call

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<v Speaker 3>them out. Hey, remember, you guys sign this.

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<v Speaker 4>All right. Because that could have some persuasive power.

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<v Speaker 3>But, you know, the next president's got to have to

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<v Speaker 3>enforce that unless our robot overlords have taken over in

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<v Speaker 3>the next two years, which is certainly possible.

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<v Speaker 4>Morally binding. Several people have mentioned if you watched any

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<v Speaker 4>of the videos coming out of the White House yesterday.

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<v Speaker 4>Several of these people who are. the most powerful people

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<v Speaker 4>in the world, running the most valuable companies in the world,

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<v Speaker 4>are clearly somewhere on the spectrum, which is really interesting. Yeah.

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<v Speaker 4>I mean, Dario seems to be, Elon is, Zuckerberg seems

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<v Speaker 4>to be, according to a lot of people, that's on

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<v Speaker 4>its own kind of interesting, isn't it? Yeah, I would agree.

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<v Speaker 4>I would agree. And the good news, if you're neurodivergent,

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<v Speaker 4>I guess, of the upside to it, seems to be

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<v Speaker 4>the ability to Learn things, concentrate on things or something

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<v Speaker 4>in some cases.

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<v Speaker 3>In some cases, yeah.

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<v Speaker 2>Right. Yeah.

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<v Speaker 4>I wouldn't wish for it. No, I wasn't trying to

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<v Speaker 4>claim that.

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<v Speaker 2>Yeah.

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<v Speaker 4>By any means. But man, like if you're watching Dario talk,

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<v Speaker 4>he is a unique character.

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<v Speaker 2>Really?

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<v Speaker 4>If you could press a button that might kill 10%

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<v Speaker 4>of people, would you do it? No.

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<v Speaker 2>Really? Really?

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<v Speaker 4>Really? Yeah, that's the problem.

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<v Speaker 3>Not to get into this too far, but that's the

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<v Speaker 3>problem if indeed these folks aren't neurodivergent.

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<v Speaker 4>They frequently look at the world.

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<v Speaker 3>Through eyes that don't recognize the way humanity actually thinks

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<v Speaker 3>and acts.

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<v Speaker 2>Right.

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<v Speaker 4>Right. Yeah. That is some photo. So as details come

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<v Speaker 4>in on that flight landing... You know, the more I

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<v Speaker 4>think about that, really.

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<v Speaker 3>The more amazing and powerful bit of satire it becomes.

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<v Speaker 4>I agree. Really? I thought that was really good. Basically,

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<v Speaker 4>it was asking Dario, the guy who runs Anthropic, about

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<v Speaker 4>the dangers of AI. And Dario said, well, if you

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<v Speaker 4>could invent something that could help mankind in all these ways,

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<v Speaker 4>but there's a 10% chance it would kill everybody, would

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<v Speaker 4>you do it or not? And the host said, no. No,

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<v Speaker 4>of course not. Which is what most of us are saying.

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<v Speaker 4>And Dario's response, the fake Dario on Saturday Night Live was, really? Like,

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<v Speaker 4>shocked that you wouldn't do that. And I think you're right.

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<v Speaker 4>They think differently about this equation than we do.

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<v Speaker 3>And I must return to my assertion a while back

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<v Speaker 3>that in the same way the civilian leadership should control

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<v Speaker 3>the military, these guys are the generals. And whether they

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<v Speaker 3>should get the decision of when to deploy the army

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<v Speaker 3>or not seems self-evident to me, but given the fact

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<v Speaker 3>that it's a private enterprise and civilian control of AI

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<v Speaker 3>does not appear in the Constitution, at least not by

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<v Speaker 3>my reading. Not sure where to go with that other

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<v Speaker 3>than have them sign a morally binding contract.

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<v Speaker 4>So the Fox News very latest headline on the flight

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<v Speaker 4>to Tel Aviv that got diverted after the one of

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<v Speaker 4>the pilots got stabbed is. I guarantee you Israel knows

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<v Speaker 4>everything about the co-pilot at this point. So I imagine

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<v Speaker 4>that information will come out while we're on the air today,

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<v Speaker 4>which we think danged interesting. Yeah, the Mossad doesn't guess much. No,

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<v Speaker 4>they might have known everything about him before this happened.

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<v Speaker 4>For all I know. Wow, that is some story. How

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<v Speaker 4>would that have resulted if it had been carried out

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<v Speaker 4>the way we think it might have?

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<v Speaker 3>Depends. Yeah, well, it depends what the particulars were, but

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<v Speaker 3>there would have been a hellacious reaction.

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<v Speaker 4>Yeah, no kidding. Israel, unlike Trump, does not say we'll

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<v Speaker 4>annihilate this or that or bomb this or that and

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<v Speaker 4>then back off very often.

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<v Speaker 2>Right.

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<v Speaker 4>Let's start the show officially. I'm Jack Armstrong. He's Joe Getty.

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<v Speaker 4>On this, it is Wednesday, September 30th, last day of

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<v Speaker 4>September of the year 2026. We're Armstrong and Getty, and

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<v Speaker 4>we approve of this program.

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<v Speaker 3>Let's jump into action then. According to FCC rules and regulations,

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<v Speaker 3>here we go, at Mark.

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<v Speaker 7>Well, I think it is worth highlighting the positive benefits

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<v Speaker 7>of AI, or SI, pardon me.

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<v Speaker 2>Thank you.

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<v Speaker 6>Superintelligence.

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<v Speaker 7>I think by far the most likely outcome is an

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<v Speaker 7>age of abundance, where we don't have just universal basic income,

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<v Speaker 7>we have universal high income.

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<v Speaker 4>These conversations that are being had, we're very soon, like

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<v Speaker 4>within a couple of years, going to live in a

0:12:24.290 --> 0:12:28.670
<v Speaker 4>world where everybody has tons of money. Everyone in the

0:12:28.690 --> 0:12:31.470
<v Speaker 4>United States has tons of money. That's what Elon's stating,

0:12:31.510 --> 0:12:35.190
<v Speaker 4>like it's just, yeah, of course. I might rephrase it thusly.

0:12:35.640 --> 0:12:38.569
<v Speaker 4>We're going to completely restructure the world economy. Where do

0:12:38.610 --> 0:12:39.650
<v Speaker 4>you guys want to go for lunch?

0:12:40.370 --> 0:12:42.590
<v Speaker 3>No, wait, whoa, ho, ho, wait now.

0:12:42.929 --> 0:12:50.530
<v Speaker 4>We're going to completely restructure the way everything at all

0:12:50.650 --> 0:12:54.320
<v Speaker 4>happens with human interactions in a way that has never

0:12:54.400 --> 0:12:55.660
<v Speaker 4>happened in the history.

0:12:55.340 --> 0:12:56.200
<v Speaker 2>Of the world.

0:12:56.740 --> 0:12:59.780
<v Speaker 3>And we're going to do it very quickly, practically suddenly.

0:12:59.800 --> 0:13:00.920
<v Speaker 3>Like next year.

0:13:01.240 --> 0:13:01.540
<v Speaker 5>Yes.

0:13:02.100 --> 0:13:05.059
<v Speaker 4>Anyway, what do you want for lunch? Because it's not

0:13:05.080 --> 0:13:09.830
<v Speaker 4>just the economy. It'll affect relationships, marriages, kids, policing, education,

0:13:10.070 --> 0:13:15.070
<v Speaker 4>absolutely everything. Medicine, the intellectual world, everything.

0:13:17.290 --> 0:13:17.429
<v Speaker 2>Wow.

0:13:18.080 --> 0:13:18.320
<v Speaker 6>Yeah.

0:13:18.580 --> 0:13:20.939
<v Speaker 4>Have the inflation numbers come out yet? There are inflation

0:13:20.960 --> 0:13:22.699
<v Speaker 4>numbers coming out today, too, which are going to be

0:13:22.720 --> 0:13:24.339
<v Speaker 4>a pretty big deal. These are the last ones, I think,

0:13:24.360 --> 0:13:27.240
<v Speaker 4>before the election. Anyway, we've got headlines on the way.

0:13:27.300 --> 0:13:27.699
<v Speaker 4>Stay here.

0:13:29.280 --> 0:13:39.340
<v Speaker 2>Armstrong and Getty. The Armstrong and Getty Show.

0:13:41.450 --> 0:13:44.710
<v Speaker 4>I hope I'm not stealing one of Heather's headlines here,

0:13:44.750 --> 0:13:47.990
<v Speaker 4>but this is some of the most amazing polling I

0:13:48.230 --> 0:13:52.390
<v Speaker 4>remember seeing. Things are changing in our culture. Wall Street

0:13:52.410 --> 0:13:57.620
<v Speaker 4>Journal polling. Americans want populist policies that defy traditional political labels.

0:13:58.020 --> 0:14:01.699
<v Speaker 4>Republicans and Democrats alike want a whole bunch of your

0:14:01.780 --> 0:14:06.730
<v Speaker 4>Bernie Elizabeth Warren style things that are unworkable. It could

0:14:06.750 --> 0:14:11.189
<v Speaker 4>be called socialism. I read that with horror myself. We

0:14:11.210 --> 0:14:12.929
<v Speaker 4>got to go through the numbers on some of these

0:14:13.000 --> 0:14:15.520
<v Speaker 4>different issues, like the number of people who want credit

0:14:15.540 --> 0:14:19.670
<v Speaker 4>card companies to cap interest rates at 10 percent. There's

0:14:19.710 --> 0:14:23.240
<v Speaker 4>so much to say on this, so we'll get to it. Unbelievable.

0:14:23.540 --> 0:14:25.520
<v Speaker 3>Let's figure out who's reporting what. It's the lead story.

0:14:25.540 --> 0:14:28.400
<v Speaker 3>Heather Meyers filling in for Katie Green. Heather, take it away.

0:14:28.940 --> 0:14:30.880
<v Speaker 7>Good morning to both of you. Let's talk about how

0:14:30.920 --> 0:14:33.870
<v Speaker 7>the networks are covering the news this morning from CNN.

0:14:34.050 --> 0:14:39.310
<v Speaker 7>Israel-bound plane drops 17,000 feet after pilot reportedly stabbed.

0:14:39.710 --> 0:14:40.870
<v Speaker 1>Same story from Fox News.

0:14:40.950 --> 0:14:44.229
<v Speaker 7>A fly Dubai passenger says the co-pilot apparently stabbed the

0:14:44.270 --> 0:14:48.420
<v Speaker 7>captain before the Israel-bound jet plunged thousands of feet. And

0:14:48.480 --> 0:14:51.060
<v Speaker 7>from ABC News, flight to Tel Aviv diverted to Saudi

0:14:51.100 --> 0:14:54.140
<v Speaker 7>Arabia after a potential terror incident in the cockpit.

0:14:54.460 --> 0:14:59.800
<v Speaker 4>Imagine the adrenaline these people had going with a 17,000-foot

0:14:59.960 --> 0:15:02.350
<v Speaker 4>sudden drop, and then you're running up to the front

0:15:02.370 --> 0:15:04.370
<v Speaker 4>of the plane and fighting a guy. Oh, yeah, you'd

0:15:04.410 --> 0:15:06.390
<v Speaker 4>fight a bull elephant at that point.

0:15:06.410 --> 0:15:06.550
<v Speaker 5>Yeah.

0:15:07.340 --> 0:15:10.330
<v Speaker 7>Hearing a screaming coming from the cockpit too so unbelievable

0:15:10.350 --> 0:15:13.770
<v Speaker 7>story oh man details will continue to come out about

0:15:13.790 --> 0:15:16.250
<v Speaker 7>that one all morning long uh let's get to the

0:15:16.310 --> 0:15:20.380
<v Speaker 7>story from cnn supreme court allows trump to restart controversial

0:15:20.420 --> 0:15:25.170
<v Speaker 7>deportations to countries that migrants have no connection to From

0:15:25.290 --> 0:15:28.810
<v Speaker 7>News Nation this morning, California bans shock gloves after ICE

0:15:28.930 --> 0:15:31.600
<v Speaker 7>allocates $ 17 million for the technology.

0:15:32.220 --> 0:15:35.960
<v Speaker 4>What is it? Shock gloves? Yeah. I don't know what

0:15:35.980 --> 0:15:36.280
<v Speaker 4>those are.

0:15:36.300 --> 0:15:38.940
<v Speaker 1>Shock gloves. Yeah, they're actually kind of like a taser,

0:15:38.980 --> 0:15:39.840
<v Speaker 1>but in the form.

0:15:39.660 --> 0:15:40.340
<v Speaker 4>Of a glove.

0:15:40.600 --> 0:15:42.450
<v Speaker 3>Yeah, I've ordered a couple of pair myself.

0:15:42.510 --> 0:15:44.610
<v Speaker 4>I need those for, I got two teenagers. I mean,

0:15:44.630 --> 0:15:44.890
<v Speaker 4>come on.

0:15:47.070 --> 0:15:47.990
<v Speaker 1>Get me a pair of that too.

0:15:49.910 --> 0:15:52.790
<v Speaker 7>All right, from ABC News, the TSA says it's taking

0:15:52.850 --> 0:15:56.670
<v Speaker 7>away chairs at airport checkpoints nationwide, and TSA officers who

0:15:56.710 --> 0:15:57.510
<v Speaker 7>check passengers.

0:15:57.610 --> 0:15:59.350
<v Speaker 1>IDs now must stand.

0:15:59.950 --> 0:16:01.550
<v Speaker 4>Because? Why?

0:16:02.430 --> 0:16:06.229
<v Speaker 7>They said it's because they will stay more alert if

0:16:06.270 --> 0:16:06.970
<v Speaker 7>they're standing.

0:16:07.210 --> 0:16:09.050
<v Speaker 4>Huh. Well, that's one of the reasons I stand to

0:16:09.070 --> 0:16:11.239
<v Speaker 4>do the radio show, is it keeps me more alert.

0:16:12.480 --> 0:16:15.440
<v Speaker 1>Don't fall asleep if you're checking people's IDs. All right,

0:16:15.520 --> 0:16:16.220
<v Speaker 1>NBC News is reporting.

0:16:18.160 --> 0:16:19.830
<v Speaker 1>Yeah, those little stools. You know, they sat on those

0:16:19.850 --> 0:16:20.490
<v Speaker 1>little stools.

0:16:20.550 --> 0:16:23.290
<v Speaker 4>Yeah, yeah. It's never really bothered me that they're leaning

0:16:23.330 --> 0:16:26.150
<v Speaker 4>on a stool as I check my... It's fine. Whatever.

0:16:26.290 --> 0:16:26.530
<v Speaker 2>Yeah.

0:16:28.110 --> 0:16:31.240
<v Speaker 7>This story from ABC News is starting to go viral.

0:16:31.360 --> 0:16:36.660
<v Speaker 7>Florida mom allegedly abandons four kids to go on a cruise.

0:16:37.310 --> 0:16:39.710
<v Speaker 7>They took her into custody as she was coming off

0:16:39.770 --> 0:16:43.130
<v Speaker 7>the cruise. And get this, they haven't released the ages

0:16:43.190 --> 0:16:45.790
<v Speaker 7>of all of the kids, but two of them were

0:16:45.960 --> 0:16:46.780
<v Speaker 7>two months.

0:16:46.650 --> 0:16:48.050
<v Speaker 1>Old and two years old.

0:16:48.440 --> 0:16:50.360
<v Speaker 3>Oh, no. I was going to say it's all about

0:16:50.400 --> 0:16:52.359
<v Speaker 3>the kids. If they're all teenagers, they're thinking this is

0:16:52.400 --> 0:16:53.500
<v Speaker 3>the best week of my life.

0:16:53.760 --> 0:16:53.980
<v Speaker 2>Right.

0:16:54.000 --> 0:16:55.360
<v Speaker 4>If I told my kids I'm going to be gone

0:16:55.380 --> 0:16:57.320
<v Speaker 4>for a week, they'd say, oh, my God.

0:16:57.380 --> 0:16:59.060
<v Speaker 3>Wait, what?

0:16:59.700 --> 0:16:59.860
<v Speaker 2>Right.

0:16:59.880 --> 0:17:01.220
<v Speaker 3>But no, little kids, it's horrific.

0:17:01.560 --> 0:17:01.820
<v Speaker 4>Clearly.

0:17:01.840 --> 0:17:01.920
<v Speaker 1>Yeah.

0:17:02.980 --> 0:17:05.540
<v Speaker 7>Fox News is reporting an Ohio woman is suing after

0:17:05.580 --> 0:17:08.359
<v Speaker 7>her surgeon allegedly amputated the wrong leg.

0:17:08.380 --> 0:17:08.920
<v Speaker 4>Whoops.

0:17:09.240 --> 0:17:13.130
<v Speaker 3>And I'm sorry, why is she suing?

0:17:14.470 --> 0:17:18.270
<v Speaker 4>I've got good news and bad news. The leg came

0:17:18.350 --> 0:17:22.040
<v Speaker 4>off cleanly. There are no infections. Here's the bad news.

0:17:23.280 --> 0:17:26.160
<v Speaker 1>Wrong one. A quick story here from the Babylon Bee.

0:17:26.260 --> 0:17:30.840
<v Speaker 7>Britain apologizes for disrupting whatever it was that nice Muslim

0:17:30.859 --> 0:17:31.659
<v Speaker 7>men were doing.

0:17:33.210 --> 0:17:34.690
<v Speaker 4>That's great. Well done.

0:17:35.670 --> 0:17:40.970
<v Speaker 2>Armstrong and Getty. The Armstrong and Getty Show.

0:17:44.970 --> 0:17:48.409
<v Speaker 6>Well, guys, artificial intelligence continues to dominate the news. And

0:17:48.430 --> 0:17:51.800
<v Speaker 6>today in Washington, President Trump unveiled the new AI-powered website

0:17:52.100 --> 0:17:56.000
<v Speaker 6>that joins thousands of government sites into one called America.gov.

0:17:59.920 --> 0:18:02.830
<v Speaker 6>Russian hackers were like, this will save us so much time.

0:18:02.850 --> 0:18:05.750
<v Speaker 4>Thank you. Thank you so much.

0:18:07.320 --> 0:18:10.300
<v Speaker 6>Yeah, everyone's afraid of AI and nobody trusts the federal government,

0:18:10.340 --> 0:18:10.860
<v Speaker 6>so Trump was like.

0:18:10.900 --> 0:18:11.720
<v Speaker 4>Let's combine them.

0:18:11.859 --> 0:18:15.119
<v Speaker 6>Like a Reese's Peanut Butter Cup of Doom.

0:18:15.140 --> 0:18:20.959
<v Speaker 4>You know, that's political humor, kind of, but that's really funny. Yeah,

0:18:20.980 --> 0:18:21.459
<v Speaker 4>that's a good joke.

0:18:21.480 --> 0:18:23.050
<v Speaker 3>Maybe it's just that Fallon comes at it.

0:18:23.050 --> 0:18:26.669
<v Speaker 4>With goodwill, but that's funny. Reese's Peanut Butter Cup of Doom.

0:18:26.690 --> 0:18:29.969
<v Speaker 4>That's funny, that's the first thought I had when they're

0:18:29.990 --> 0:18:31.909
<v Speaker 4>going to be a new government website. Oh, cool, the

0:18:31.970 --> 0:18:36.370
<v Speaker 4>fraudsters have a portal thing. for one-stop shopping to figure

0:18:36.390 --> 0:18:39.450
<v Speaker 4>out which programs they can lie their way into millions

0:18:39.470 --> 0:18:43.149
<v Speaker 4>of dollars from. As illegals in prison or whatever the

0:18:43.210 --> 0:18:48.010
<v Speaker 4>heck they are signing up. Which Americans might be okay with,

0:18:48.109 --> 0:18:50.489
<v Speaker 4>based on a new Wall Street Journal story that's out

0:18:50.510 --> 0:18:53.830
<v Speaker 4>today about the popularity of populism and a whole bunch of, like,

0:18:53.970 --> 0:18:59.669
<v Speaker 4>Bernie Elizabeth Warren-style programs that majorities are in favor of.

0:18:59.710 --> 0:19:04.379
<v Speaker 4>Let's just pick one for fun. Cap credit card interest

0:19:04.400 --> 0:19:09.609
<v Speaker 4>rates at 10%. Just under 80% of Americans are in

0:19:09.650 --> 0:19:13.430
<v Speaker 4>favor of that. 79%. To me, all you need to

0:19:13.470 --> 0:19:17.570
<v Speaker 4>do is discuss this one example. People are either too

0:19:17.770 --> 0:19:23.399
<v Speaker 4>dumb or uneducated. Those are different things. Or just in

0:19:23.420 --> 0:19:27.510
<v Speaker 4>an angry mood or a combination of all three. But

0:19:27.550 --> 0:19:30.930
<v Speaker 4>that would be disastrous. You don't realize that if you

0:19:30.990 --> 0:19:33.469
<v Speaker 4>cap to the credit card companies at an interest rate

0:19:33.490 --> 0:19:36.560
<v Speaker 4>of 10 percent, that they're going to have way lower

0:19:36.619 --> 0:19:39.139
<v Speaker 4>limits and be way more strict on who gets a

0:19:39.160 --> 0:19:42.420
<v Speaker 4>credit card. You who think they ought to lower the

0:19:42.520 --> 0:19:44.530
<v Speaker 4>lower to 10 percent probably are not going to have

0:19:44.550 --> 0:19:46.670
<v Speaker 4>a credit card anymore. I would say virtually all of

0:19:46.710 --> 0:19:49.490
<v Speaker 4>those people will be immediately booted off their credit cards.

0:19:49.550 --> 0:19:49.969
<v Speaker 3>But you still.

0:19:50.170 --> 0:19:51.790
<v Speaker 4>Have to pay what you owe yeah.

0:19:51.710 --> 0:19:55.430
<v Speaker 3>Almost immediately there may be no book that we have

0:19:55.560 --> 0:19:58.320
<v Speaker 3>cited particularly me uh joe good to meet you how

0:19:58.359 --> 0:20:01.340
<v Speaker 3>are you good me too good uh more than the

0:20:01.359 --> 0:20:04.300
<v Speaker 3>myth of the rational voter by uh what's the bloke's

0:20:04.320 --> 0:20:07.220
<v Speaker 3>name i can never remember it uh brian caplan And

0:20:07.840 --> 0:20:14.050
<v Speaker 3>he deals with like four systemic biases that voters have.

0:20:14.369 --> 0:20:17.869
<v Speaker 3>And it's way more than chance. It's just, it's a

0:20:18.070 --> 0:20:23.730
<v Speaker 3>human tendency to misperceive certain things, to get wrong certain

0:20:23.770 --> 0:20:30.060
<v Speaker 3>things about economics. And the number one bias is anti-market bias.

0:20:30.400 --> 0:20:34.940
<v Speaker 3>People systematically underestimate the social benefits of markets and the

0:20:35.100 --> 0:20:38.899
<v Speaker 3>price mechanism. They're inclined, and this is going to apply

0:20:39.040 --> 0:20:40.980
<v Speaker 3>over and over again, which is why I'm interjecting with it.

0:20:41.280 --> 0:20:45.950
<v Speaker 3>They are inclined to interpret profits as transfers from consumers

0:20:46.010 --> 0:20:51.250
<v Speaker 3>to businesses rather than as incentives for production, innovation, investment,

0:20:51.330 --> 0:20:59.080
<v Speaker 3>and efficient allocation. They don't understand what prices are. But

0:20:59.119 --> 0:21:02.000
<v Speaker 3>I'm not very smart. And my first thought was with

0:21:02.040 --> 0:21:04.580
<v Speaker 3>the credit card. Well, then they're going to like either

0:21:04.619 --> 0:21:06.800
<v Speaker 3>not let me have one or have a very low

0:21:06.859 --> 0:21:08.949
<v Speaker 3>limit or something. Right.

0:21:09.530 --> 0:21:12.270
<v Speaker 4>They're not in. They're not a charity. They're not doing

0:21:12.310 --> 0:21:16.130
<v Speaker 4>this for fun. So and I'll tell you, so there's

0:21:16.150 --> 0:21:18.650
<v Speaker 4>several angles to this. There's that what you just said

0:21:18.690 --> 0:21:21.670
<v Speaker 4>from the book. There's the all the different different items

0:21:21.690 --> 0:21:23.770
<v Speaker 4>we're going to go through and how incredibly popular they are.

0:21:24.109 --> 0:21:26.619
<v Speaker 4>But then there's the moment we're in politically. Do you

0:21:26.650 --> 0:21:31.400
<v Speaker 4>know who's behind the idea of capping credit card interest

0:21:31.420 --> 0:21:34.920
<v Speaker 4>rates at 10 percent? Bernie Sanders on the left and

0:21:35.060 --> 0:21:40.190
<v Speaker 4>Josh Hawley on the right are behind that plan. Populist nonsense.

0:21:40.230 --> 0:21:43.590
<v Speaker 4>Populism in both parties, which is the point of this

0:21:43.630 --> 0:21:48.169
<v Speaker 4>Wall Street Journal article, is that vast majorities, Republicans and Democrats,

0:21:48.510 --> 0:21:50.670
<v Speaker 4>are in favor of this stuff. That's the moment we're

0:21:50.690 --> 0:21:51.890
<v Speaker 4>living in right now. Yeah, good.

0:21:52.530 --> 0:21:55.689
<v Speaker 3>I will at some point, and maybe we just cancel

0:21:55.710 --> 0:21:57.570
<v Speaker 3>mailbag and do it later, because I want to keep

0:21:57.609 --> 0:22:00.530
<v Speaker 3>talking about this. I will try to illustrate why this

0:22:00.570 --> 0:22:04.090
<v Speaker 3>sort of thing, this very sort of thing, is that,

0:22:05.190 --> 0:22:06.709
<v Speaker 3>I was going to say first step, more like 23rd step,

0:22:08.119 --> 0:22:16.100
<v Speaker 3>Down the road to serfdom. How we become poor, sad, French-style, British-style,

0:22:16.300 --> 0:22:19.140
<v Speaker 3>innovation-free socialist losers.

0:22:20.340 --> 0:22:24.530
<v Speaker 4>By capping credit card rates, yes. I don't know which

0:22:24.590 --> 0:22:26.610
<v Speaker 4>is a handier number because we got both in front

0:22:26.630 --> 0:22:29.149
<v Speaker 4>of us. Broken down by party or the overall number.

0:22:30.450 --> 0:22:35.479
<v Speaker 4>They're both interested. But interesting numbers. But for instance, this one,

0:22:35.520 --> 0:22:39.820
<v Speaker 4>which is just completely unworkable, cap child care costs for

0:22:39.900 --> 0:22:43.380
<v Speaker 4>working families. Right. How in the hell are you going

0:22:43.420 --> 0:22:46.890
<v Speaker 4>to do that? Have a cap on child care costs

0:22:46.930 --> 0:22:51.270
<v Speaker 4>for working families, given the fact that your individual family.

0:22:52.510 --> 0:22:57.030
<v Speaker 4>I don't know what decisions you're making. If you're deciding

0:22:57.070 --> 0:22:59.830
<v Speaker 4>to have a babysitter 15 hours a day when you

0:22:59.869 --> 0:23:03.470
<v Speaker 4>don't need that and you've decided to pay them $ 25

0:23:03.050 --> 0:23:04.930
<v Speaker 4>an hour, that's on you.

0:23:04.950 --> 0:23:08.859
<v Speaker 3>And let's talk about what the pricing mechanism is doing

0:23:08.950 --> 0:23:11.399
<v Speaker 3>or not doing in this case. So you're going to

0:23:11.480 --> 0:23:14.140
<v Speaker 3>put your small child in the care of somebody you

0:23:14.180 --> 0:23:18.510
<v Speaker 3>refuse to pay what the market says it's worth. You're

0:23:18.530 --> 0:23:22.210
<v Speaker 3>going to artificially clamp down how much money they make.

0:23:22.570 --> 0:23:26.470
<v Speaker 3>So somebody who's worth $ 30 an hour can't get it.

0:23:26.470 --> 0:23:29.879
<v Speaker 3>So all you're going to get is people willing to

0:23:29.940 --> 0:23:30.959
<v Speaker 3>do the job for $.

0:23:30.600 --> 0:23:31.080
<v Speaker 4>20 an hour.

0:23:31.220 --> 0:23:31.879
<v Speaker 3>Crappy people.

0:23:35.310 --> 0:23:38.470
<v Speaker 4>Yeah, there's lots of desperate people. Good Lord. There's lots

0:23:38.510 --> 0:23:41.690
<v Speaker 4>of different reasons. It's a completely unworkable idea. But 90

0:23:41.690 --> 0:23:45.770
<v Speaker 4>percent of Democrats, 61 percent of Republicans and two thirds

0:23:45.810 --> 0:23:47.990
<v Speaker 4>of independents think it's a good idea. And the overall number,

0:23:48.010 --> 0:23:49.209
<v Speaker 4>I don't have that in front of me, but it's

0:23:49.230 --> 0:23:53.350
<v Speaker 4>got to be dang near 80 percent. I mean, incredibly popular.

0:23:53.609 --> 0:23:58.650
<v Speaker 4>That absolutely unworkable idea. There's just no way you could

0:23:58.670 --> 0:24:01.430
<v Speaker 4>make that work. The only way you could make it work,

0:24:01.570 --> 0:24:06.290
<v Speaker 4>quote unquote, is that the the. Your out of pocket

0:24:06.350 --> 0:24:08.990
<v Speaker 4>cost will be capped and the rest will be paid

0:24:09.050 --> 0:24:13.370
<v Speaker 4>for by your fellow taxpayers in wealth confiscation. And, you know. Right.

0:24:13.550 --> 0:24:15.450
<v Speaker 4>So then it's just wealth redistribution.

0:24:15.810 --> 0:24:16.609
<v Speaker 3>Right.

0:24:17.030 --> 0:24:21.450
<v Speaker 4>Passing laws to ban surprise medical bills. What the hell

0:24:21.490 --> 0:24:25.510
<v Speaker 4>does that even mean? Ninety four percent of Democrats, almost

0:24:25.510 --> 0:24:29.669
<v Speaker 4>90 percent of Republicans and independents. That one's less obvious

0:24:29.710 --> 0:24:32.210
<v Speaker 4>to me as a as a terrible policy. There are

0:24:32.230 --> 0:24:34.889
<v Speaker 4>some subtleties there. I'd like to know what the definition

0:24:34.950 --> 0:24:35.450
<v Speaker 4>is of these.

0:24:36.030 --> 0:24:38.120
<v Speaker 3>I've been reading about this. It has to do with

0:24:39.200 --> 0:24:41.520
<v Speaker 3>you check in for a procedure and all of a

0:24:41.540 --> 0:24:44.359
<v Speaker 3>sudden you're besieged by bills from people you have no

0:24:44.480 --> 0:24:48.199
<v Speaker 3>idea looked at your stuff or did anything. Nobody cleared it.

0:24:48.280 --> 0:24:50.370
<v Speaker 3>It just comes out of nowhere and there's no way

0:24:50.400 --> 0:24:53.609
<v Speaker 3>to verify they did what they did. The Trump administration

0:24:53.650 --> 0:24:56.590
<v Speaker 3>has actually reformed that somewhat in a good way. But

0:24:56.609 --> 0:25:00.379
<v Speaker 3>that's that's That's a regulation. That's not a price cap.

0:25:02.200 --> 0:25:04.290
<v Speaker 3>Anytime you brush up against the health care thing, it

0:25:04.330 --> 0:25:07.650
<v Speaker 3>gets complicated. For instance, the whole cap the maximum prices

0:25:07.690 --> 0:25:08.810
<v Speaker 3>of prescription drugs.

0:25:10.550 --> 0:25:13.629
<v Speaker 4>There's so many different ways that this and that is happening.

0:25:13.670 --> 0:25:18.409
<v Speaker 4>But just flat doing that is going to lead to

0:25:18.630 --> 0:25:24.490
<v Speaker 4>all kinds of market disruption. And overwhelmingly popular, like 90%

0:25:24.490 --> 0:25:27.590
<v Speaker 4>of people want to do it. What do you make

0:25:27.650 --> 0:25:32.490
<v Speaker 4>of the well, what used to stop this from happening?

0:25:34.270 --> 0:25:36.650
<v Speaker 3>The fact that those in charge knew these were terrible

0:25:36.710 --> 0:25:39.190
<v Speaker 3>policies that in the not even long term, but in

0:25:39.230 --> 0:25:41.640
<v Speaker 3>the medium term would be ruinous.

0:25:42.060 --> 0:25:43.860
<v Speaker 4>So they're like, I'm not going to go down this road.

0:25:43.900 --> 0:25:47.640
<v Speaker 4>This would be terrible. That's what I was assuming that

0:25:47.880 --> 0:25:53.790
<v Speaker 4>because people have always been kind of ill informed about

0:25:55.410 --> 0:25:58.510
<v Speaker 4>ramifications of some of these decisions, like capping interest rates

0:25:58.570 --> 0:26:00.389
<v Speaker 4>on credit cards. And I think if you talk to

0:26:00.430 --> 0:26:03.660
<v Speaker 4>them for most people for 10 minutes, you could explain

0:26:03.680 --> 0:26:05.840
<v Speaker 4>to them why that's going to actually make things worse

0:26:05.900 --> 0:26:09.919
<v Speaker 4>for you than better. But I guess at some point,

0:26:10.000 --> 0:26:12.560
<v Speaker 4>most of our history, you've had politicians that knew that

0:26:12.580 --> 0:26:14.320
<v Speaker 4>was a bad idea and so they wouldn't go down

0:26:14.340 --> 0:26:16.840
<v Speaker 4>that road. But now you've got a Bernie and a

0:26:16.859 --> 0:26:20.510
<v Speaker 4>Josh Hawley getting together and realizing easy to get votes

0:26:20.609 --> 0:26:20.830
<v Speaker 4>on that.

0:26:21.420 --> 0:26:23.840
<v Speaker 3>Exactly. The problem with a lot of populist policies is

0:26:23.880 --> 0:26:29.560
<v Speaker 3>that the leaders, quote-unquote, in charge, no longer lead. It's

0:26:29.600 --> 0:26:32.280
<v Speaker 3>that wonderful, wonderful saying, Jack, that you brought us a

0:26:32.320 --> 0:26:35.570
<v Speaker 3>number of years ago. What was it about?

0:26:35.630 --> 0:26:38.790
<v Speaker 4>Tell me which direction the people are going, and I

0:26:38.810 --> 0:26:40.629
<v Speaker 4>will what? Run out and get in front of them.

0:26:41.510 --> 0:26:44.970
<v Speaker 4>For I am their leader. Exactly. There's no leadership.

0:26:44.990 --> 0:26:49.080
<v Speaker 3>There's no wisdom. It's just pandering to the mob sentiment

0:26:49.260 --> 0:26:52.690
<v Speaker 3>at the moment. And not even trying to explain, OK,

0:26:53.050 --> 0:26:55.670
<v Speaker 3>here's why that would be a terrible idea for child care.

0:26:56.090 --> 0:26:59.189
<v Speaker 3>That's out the window because it's all about given the

0:26:59.330 --> 0:27:01.690
<v Speaker 3>trillions of dollars. If you wanted to take the most

0:27:01.910 --> 0:27:04.910
<v Speaker 3>cynical view of politicians from, you know, the moment the

0:27:05.130 --> 0:27:07.750
<v Speaker 3>human beings organize themselves to the present day, you would

0:27:07.810 --> 0:27:11.189
<v Speaker 3>say that they that they just want to get power

0:27:11.430 --> 0:27:14.380
<v Speaker 3>every election cycle. That's what they're about. You got two

0:27:14.420 --> 0:27:17.740
<v Speaker 3>things going on right now. Number one, there's the trillions

0:27:17.810 --> 0:27:20.430
<v Speaker 3>and trillions and trillions of dollars flowing through the federal government.

0:27:20.710 --> 0:27:23.290
<v Speaker 3>If you can get power just for a little while,

0:27:23.770 --> 0:27:27.840
<v Speaker 3>it is enormously profitable for you. And so the long-term

0:27:27.880 --> 0:27:30.590
<v Speaker 3>consequences of your, your policies, they don't enter into it.

0:27:30.960 --> 0:27:34.860
<v Speaker 3>You're never held responsible for them anyway, or you've made

0:27:34.900 --> 0:27:36.280
<v Speaker 3>enough money that it doesn't matter.

0:27:36.640 --> 0:27:39.280
<v Speaker 4>And the second thing is misinformation.

0:27:39.300 --> 0:27:41.620
<v Speaker 3>You know, the populist, the whole internet thing is just,

0:27:41.980 --> 0:27:45.320
<v Speaker 3>people are awash in it. The voice of reason is

0:27:45.380 --> 0:27:49.270
<v Speaker 3>no longer heard. So, so you have this sort of

0:27:49.980 --> 0:27:54.609
<v Speaker 3>idiotic populism. Well, idiotic is too, uh, that's too lazy. Um,

0:27:55.690 --> 0:27:59.970
<v Speaker 3>populism for policies that will be ruinous before very long

0:28:00.010 --> 0:28:02.400
<v Speaker 3>at all. And Josh Hawley knows that.

0:28:02.720 --> 0:28:03.139
<v Speaker 4>He knows it 100%.

0:28:03.140 --> 0:28:05.859
<v Speaker 3>He knows it. He can explain why it's a ruinous

0:28:05.900 --> 0:28:09.730
<v Speaker 3>policy better than I can. And he's advocating for it

0:28:09.770 --> 0:28:13.369
<v Speaker 3>because he knows it'll get him power. Or maybe get

0:28:13.390 --> 0:28:15.550
<v Speaker 3>the Republican Party power, if you want to say he's

0:28:15.570 --> 0:28:16.930
<v Speaker 3>a party beast.

0:28:17.260 --> 0:28:19.420
<v Speaker 4>And make things worse for his constituents.

0:28:19.740 --> 0:28:19.960
<v Speaker 2>Yes.

0:28:20.119 --> 0:28:23.619
<v Speaker 4>Significantly worse. At least one paragraph out of the Wall

0:28:23.640 --> 0:28:25.760
<v Speaker 4>Street Journal article on why this is such a unique

0:28:25.840 --> 0:28:27.680
<v Speaker 4>time in our nation's history. I mean, this has not

0:28:27.720 --> 0:28:30.409
<v Speaker 4>happened before. In just a second, first we need to

0:28:30.430 --> 0:28:32.389
<v Speaker 4>tell you all about rough greens because you want to

0:28:32.410 --> 0:28:35.190
<v Speaker 4>get more good years out of your dog's life, more

0:28:35.570 --> 0:28:37.770
<v Speaker 4>years where your dog is happy and healthy, and you

0:28:37.790 --> 0:28:40.420
<v Speaker 4>can do that with rough greens. Yeah, I'm a shameless capitalist,

0:28:40.460 --> 0:28:43.720
<v Speaker 4>so I appreciate them talking about the return on investment

0:28:44.400 --> 0:28:47.480
<v Speaker 4>of rough greens in your dog's bowl, sprinkling it on

0:28:47.520 --> 0:28:50.580
<v Speaker 4>top of their current food. What you're doing is giving

0:28:50.720 --> 0:28:53.200
<v Speaker 4>your dog better health, like starting right now, not when

0:28:53.240 --> 0:28:55.200
<v Speaker 4>they're old and gray and you're like, oh, my God,

0:28:55.260 --> 0:28:56.780
<v Speaker 4>what do we do now? Start now.

0:28:56.900 --> 0:29:00.000
<v Speaker 3>And that return is a longer, happier, healthier life.

0:29:00.280 --> 0:29:00.460
<v Speaker 2>Yeah.

0:29:00.500 --> 0:29:03.960
<v Speaker 4>So you add rough greens to your dog's already food, right?

0:29:04.140 --> 0:29:05.760
<v Speaker 4>Your dog's already eating food every single day. You add

0:29:05.800 --> 0:29:12.150
<v Speaker 4>rough greens on top and rough greens offers 20 live vitamins, minerals, antioxidants, probiotics, enzymes,

0:29:12.230 --> 0:29:15.610
<v Speaker 4>omega oils, all the stuff your dog needs. And you'll

0:29:15.650 --> 0:29:16.210
<v Speaker 4>notice a difference.

0:29:17.100 --> 0:29:20.460
<v Speaker 3>The Rough Greens 90-Day Challenge is all about that. Get 50%

0:29:20.460 --> 0:29:22.640
<v Speaker 3>off your first 90 days with the code Armstrong, backed

0:29:22.660 --> 0:29:25.480
<v Speaker 3>by the full 90-day money-back guarantee. Make a small investment today.

0:29:25.520 --> 0:29:28.360
<v Speaker 3>Support your dog's health for years to come. Go to roughgreens.com.

0:29:28.400 --> 0:29:31.680
<v Speaker 3>Use the code Armstrong. That's R-U-F-F, greens.com. Rough Greens, they

0:29:31.700 --> 0:29:32.990
<v Speaker 3>make any dog food better.

0:29:33.290 --> 0:29:33.590
<v Speaker 2>Woof.

0:29:33.830 --> 0:29:35.610
<v Speaker 4>Before we take a break and we can go through

0:29:35.650 --> 0:29:39.830
<v Speaker 4>some of these different policy ideas that everybody agrees on later,

0:29:39.870 --> 0:29:42.990
<v Speaker 4>but I thought this was interesting. Americans in both parties.

0:29:43.720 --> 0:29:46.820
<v Speaker 4>back government imposed price caps and other market interventions to

0:29:46.860 --> 0:29:51.090
<v Speaker 4>make life more affordable, suggesting new support for populist ideas

0:29:51.110 --> 0:29:55.270
<v Speaker 4>that were once outside the political mainstream that are now

0:29:55.430 --> 0:30:00.150
<v Speaker 4>popular with Republicans, Democrats and independents. That's the takeaway of

0:30:00.190 --> 0:30:03.240
<v Speaker 4>the new Wall Street Journal survey that ask respondents what

0:30:03.300 --> 0:30:06.120
<v Speaker 4>they want out of their government. Voters of all partisan

0:30:06.160 --> 0:30:09.860
<v Speaker 4>stripes strongly support capping the cost of prescription drugs, child

0:30:09.880 --> 0:30:12.810
<v Speaker 4>care and credit card interest rates in a way that Well,

0:30:12.850 --> 0:30:15.470
<v Speaker 4>just hasn't happened in the past. Yeah, yeah.

0:30:16.750 --> 0:30:19.709
<v Speaker 3>I would like to quote men, women more eloquent than

0:30:19.760 --> 0:30:21.940
<v Speaker 3>myself explaining why this is such a terrible thing.

0:30:22.500 --> 0:30:23.780
<v Speaker 4>Coming up. Stay with us.

0:30:24.520 --> 0:30:24.940
<v Speaker 2>Wow.

0:30:26.200 --> 0:30:28.160
<v Speaker 4>May you live in interesting times. Lots on the way.

0:30:28.200 --> 0:30:28.540
<v Speaker 4>Stay here.

0:30:30.100 --> 0:30:40.120
<v Speaker 2>Armstrong and Getty. The Armstrong and Getty Show.

0:30:42.740 --> 0:30:45.340
<v Speaker 4>We are so clearly, and I just don't think there's

0:30:45.360 --> 0:30:48.870
<v Speaker 4>any way to stop it, going to become Great Britain.

0:30:49.290 --> 0:30:49.480
<v Speaker 6>Yes.

0:30:49.720 --> 0:30:53.270
<v Speaker 4>It's just 100%. We're screaming that direction. And it doesn't

0:30:53.310 --> 0:30:56.709
<v Speaker 4>matter if we, Elon or whoever talks about how, no,

0:30:56.730 --> 0:30:58.469
<v Speaker 4>this is a country where you can do things and

0:30:58.970 --> 0:31:00.870
<v Speaker 4>be who you want to be. And all these, nope, nope.

0:31:01.290 --> 0:31:03.930
<v Speaker 3>And it's the reason for our lifestyles and our opportunities

0:31:03.970 --> 0:31:05.670
<v Speaker 3>and the rest of it. Yeah, we are, we pedal

0:31:05.690 --> 0:31:08.190
<v Speaker 3>to the metal on the road to serfdom. Absolutely, to

0:31:08.250 --> 0:31:12.130
<v Speaker 3>quote Hayek. And the point of his book is, which

0:31:12.150 --> 0:31:14.290
<v Speaker 3>we'll touch on a little bit, it's not just that

0:31:14.390 --> 0:31:17.550
<v Speaker 3>free markets are wonderful. The point of his book is that,

0:31:18.210 --> 0:31:23.760
<v Speaker 3>and I will quote Hayek himself, any government intervention leads inevitably, well,

0:31:23.780 --> 0:31:28.160
<v Speaker 3>this is an oversimplification, to dictatorship. His actual claim is

0:31:28.180 --> 0:31:34.000
<v Speaker 3>that comprehensive central economic planning creates institutional pressures that progressively

0:31:34.160 --> 0:31:38.100
<v Speaker 3>undermine individual choice, the rule of law, democratic government, and.

0:31:38.080 --> 0:31:40.840
<v Speaker 4>Ultimately political liberty. And he's absolutely right.

0:31:42.350 --> 0:31:44.790
<v Speaker 3>Adam Smith, 250 years ago, wrote a book called The

0:31:44.850 --> 0:31:48.270
<v Speaker 3>Theory of Moral Sentiments. He's better known for the other book.

0:31:48.630 --> 0:31:49.290
<v Speaker 4>Wealth of Nations.

0:31:49.490 --> 0:31:51.330
<v Speaker 3>Wealth of Nations, which is a humdinger.

0:31:51.350 --> 0:31:54.690
<v Speaker 4>A little old-timey. It's about a whale. It's a captain.

0:31:54.710 --> 0:31:55.770
<v Speaker 4>He's trying to catch a whale.

0:31:56.210 --> 0:31:56.750
<v Speaker 3>Unbelievable.

0:31:56.810 --> 0:31:58.790
<v Speaker 4>Some guy with tattoos. Yeah.

0:31:58.850 --> 0:32:04.190
<v Speaker 3>But anyway, in The Theory of Moral Sentiments, Smith talks

0:32:04.210 --> 0:32:07.390
<v Speaker 3>about would-be central planners, a man of systems, someone so

0:32:07.450 --> 0:32:09.830
<v Speaker 3>confident in his own wisdom and design for society that

0:32:10.030 --> 0:32:12.550
<v Speaker 3>that he forgets that people he proposes to direct have

0:32:12.590 --> 0:32:16.090
<v Speaker 3>their own minds and purposes. They might respond well to incentives,

0:32:16.290 --> 0:32:20.910
<v Speaker 3>but not to dictates. So Smith finds that economic freedom

0:32:21.070 --> 0:32:23.860
<v Speaker 3>coordinates the actions of people who don't share the same

0:32:23.920 --> 0:32:28.600
<v Speaker 3>objectives with amazing efficiency. So the baker wants income. The

0:32:28.700 --> 0:32:32.500
<v Speaker 3>customer wants bread. The employee wants wages. The entrepreneur wants

0:32:32.540 --> 0:32:35.830
<v Speaker 3>to build something. The investor wants a return. There's no

0:32:35.890 --> 0:32:39.310
<v Speaker 3>need for an overseer to direct them. Acting freely, their

0:32:39.350 --> 0:32:44.530
<v Speaker 3>different purposes and personal energies create cooperation. And Smith's insight,

0:32:44.570 --> 0:32:46.410
<v Speaker 3>his book was not about virtue, it was almost about

0:32:46.430 --> 0:32:50.830
<v Speaker 3>the opposite. People with different purposes are incentivized to benefit

0:32:50.890 --> 0:32:53.370
<v Speaker 3>each other when everyone has the liberty to choose.

0:32:53.830 --> 0:32:55.640
<v Speaker 4>But socialism does the opposite.

0:32:55.920 --> 0:32:58.400
<v Speaker 3>Instead of allowing millions of people to direct their lives

0:32:58.480 --> 0:33:02.740
<v Speaker 3>and in doing so coordinate their lives accidentally but incredibly efficiently, again,

0:33:03.080 --> 0:33:06.680
<v Speaker 3>political actors decide what is to be produced first. who's

0:33:06.720 --> 0:33:09.120
<v Speaker 3>to produce it, and who's allowed to buy it, and

0:33:09.140 --> 0:33:14.200
<v Speaker 3>at what cost. And the mechanism isn't cooperation anymore. It's coercion,

0:33:14.660 --> 0:33:18.660
<v Speaker 3>which is why you end up with the loss of

0:33:18.700 --> 0:33:20.020
<v Speaker 3>the rule of law and the rest of it that

0:33:20.100 --> 0:33:24.240
<v Speaker 3>Hayek was talking about. One of my favorite Internet thinkers,

0:33:24.520 --> 0:33:30.590
<v Speaker 3>Krzysztof of Poland, Krzysztof Szawinski, summarizes some of these great books,

0:33:30.630 --> 0:33:33.730
<v Speaker 3>and his stuff on the road to serfdom is so good.

0:33:34.430 --> 0:33:36.650
<v Speaker 4>It's several steps. One, plan the whole economy.

0:33:37.010 --> 0:33:39.210
<v Speaker 3>Someone must decide what gets made, who gets what, since

0:33:39.250 --> 0:33:41.930
<v Speaker 3>people don't naturally agree on one set of priorities. Every

0:33:41.990 --> 0:33:45.760
<v Speaker 3>economy has millions of simultaneous decisions. A plan requires someone

0:33:45.800 --> 0:33:47.920
<v Speaker 3>to override them all, which means someone must have the

0:33:47.980 --> 0:33:51.260
<v Speaker 3>power to do so. Two, those decisions are too big

0:33:51.300 --> 0:33:54.630
<v Speaker 3>and detailed for normal democratic debates, way too slow. So

0:33:54.710 --> 0:33:57.350
<v Speaker 3>power shifts to a smaller group who can just act,

0:33:57.710 --> 0:34:00.470
<v Speaker 3>the technocrats. Parliaments are too, and then he goes into

0:34:00.490 --> 0:34:04.370
<v Speaker 3>why it's too slow. So emergency powers, expert committees, regulatory agencies,

0:34:04.850 --> 0:34:10.260
<v Speaker 3>democratic legitimacy becomes an obstacle to efficiency. Three, fixed laws

0:34:10.400 --> 0:34:14.000
<v Speaker 3>everyone can rely on get replaced by case-by-case rulings because

0:34:14.040 --> 0:34:17.920
<v Speaker 3>a plan needs flexibility, not predictability. Rules of law require

0:34:18.020 --> 0:34:20.819
<v Speaker 3>knowing in advance what the rules are. A plan requires

0:34:20.860 --> 0:34:23.430
<v Speaker 3>adjusting them as conditions change. So the moment the rules

0:34:23.489 --> 0:34:26.410
<v Speaker 3>become flexible, they are no longer rules, they are instruments.

0:34:27.190 --> 0:34:30.670
<v Speaker 3>And then step four, dissent becomes a problem to manage,

0:34:30.989 --> 0:34:33.780
<v Speaker 3>not an opinion to vote on. The plan can't work

0:34:33.840 --> 0:34:36.820
<v Speaker 3>if people are free to ignore it. So opposition stops

0:34:36.880 --> 0:34:42.040
<v Speaker 3>being legitimate political competition and becomes sabotage. The language follows

0:34:42.380 --> 0:34:45.560
<v Speaker 3>enemies of progress, deniers, those who put their selfish interests

0:34:45.640 --> 0:34:49.560
<v Speaker 3>above the common good. Then five enforcing all that selects

0:34:49.600 --> 0:34:54.180
<v Speaker 3>for people most willing to be ruthless. Hayek phrased it

0:34:54.239 --> 0:34:57.090
<v Speaker 3>as the worst get on top. It's negative moral selection.

0:34:57.489 --> 0:35:00.670
<v Speaker 3>The scrupulous drop out. The system rewards those who can

0:35:00.730 --> 0:35:05.490
<v Speaker 3>enforce without hesitation, punish without guilt and comply without question.

0:35:05.840 --> 0:35:09.120
<v Speaker 3>Over time, it doesn't just attract the worst. It produces them.

0:35:09.360 --> 0:35:13.500
<v Speaker 4>Oh, comply without question. Hurt my heart. And then six.

0:35:13.520 --> 0:35:14.160
<v Speaker 3>I know that crowd.

0:35:14.180 --> 0:35:14.259
<v Speaker 2>Yeah.

0:35:16.060 --> 0:35:16.529
<v Speaker 3>Oh, yeah.

0:35:17.180 --> 0:35:17.670
<v Speaker 2>Oh, yeah.

0:35:17.690 --> 0:35:21.150
<v Speaker 3>We didn't. We see them all in action, folks. COVID,

0:35:21.590 --> 0:35:26.270
<v Speaker 3>Black Lives Matter, wokeism. So six, since economics touches everything,

0:35:26.310 --> 0:35:29.460
<v Speaker 3>your job, your home, your speech, your children's education, your

0:35:29.500 --> 0:35:32.360
<v Speaker 3>access to health care, controlling the economy ends up controlling

0:35:32.400 --> 0:35:35.359
<v Speaker 3>your whole life. There's no private sphere left because every

0:35:35.420 --> 0:35:38.820
<v Speaker 3>private decision has an economic dimension and the economy belongs

0:35:38.860 --> 0:35:39.469
<v Speaker 3>to the plan.

0:35:39.950 --> 0:35:41.170
<v Speaker 4>That's the serfdom.

0:35:41.830 --> 0:35:42.260
<v Speaker 6>And and.

0:35:42.870 --> 0:35:46.090
<v Speaker 3>Hayek's insight to summarize was not that the government is

0:35:46.110 --> 0:35:49.710
<v Speaker 3>always wrong. It was that the logic of planning is self-compounding.

0:35:50.140 --> 0:35:54.100
<v Speaker 3>Each step makes the next one necessary, and each power

0:35:54.160 --> 0:35:57.100
<v Speaker 3>grab requires a larger one to enforce it. You don't

0:35:57.260 --> 0:36:01.380
<v Speaker 3>plan your way to serfdom. You slide one reasonable emergency

0:36:01.440 --> 0:36:04.320
<v Speaker 3>measure at a time until the slide.

0:36:04.000 --> 0:36:08.339
<v Speaker 4>Is the system. Clearly. That's what's going to happen, by

0:36:08.360 --> 0:36:09.279
<v Speaker 4>the way. Anybody want to bet me?

0:36:10.489 --> 0:36:11.810
<v Speaker 3>You know what the best we can do, I think,

0:36:11.870 --> 0:36:13.670
<v Speaker 3>is to and I mean, all of us is to

0:36:13.810 --> 0:36:16.290
<v Speaker 3>fight it and then jam that breakdown as hard as

0:36:16.310 --> 0:36:20.030
<v Speaker 3>you possibly can. So the oppression comes later. So fewer

0:36:20.090 --> 0:36:23.489
<v Speaker 3>people are oppressed total. Few more of the numbers and

0:36:23.510 --> 0:36:25.140
<v Speaker 3>we can talk about this more later. The Wall Street

0:36:25.160 --> 0:36:29.359
<v Speaker 3>Journal saying this is an unseen before populist moment. Both

0:36:29.440 --> 0:36:33.799
<v Speaker 3>parties liken this sort of stuff. Limit rent increases to

0:36:33.940 --> 0:36:37.020
<v Speaker 3>five percent above the rate of inflation. So rent control,

0:36:37.140 --> 0:36:40.319
<v Speaker 3>two thirds of Americans like that. So again, planners will

0:36:40.340 --> 0:36:43.489
<v Speaker 3>decide who buys what and at what price and in

0:36:43.700 --> 0:36:44.270
<v Speaker 3>what quantity.

0:36:44.310 --> 0:36:47.969
<v Speaker 4>Pass Medicare for all, 60%. Raise the minimum wage to

0:36:47.969 --> 0:36:49.890
<v Speaker 4>$ 20 per hour, which has been a disaster in California,

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<v Speaker 4>almost 60%. Tax people who have over a billion dollars

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<v Speaker 4>at a higher rate. All these different sorts of things

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<v Speaker 4>that Elizabeth Warren and Bernie have been pitching for years,

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<v Speaker 4>now vast majorities love.

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<v Speaker 2>What? Armstrong and Getty.