1 00:00:01,840 --> 00:00:06,120 Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio, the George 2 00:00:06,200 --> 00:00:10,240 Speaker 1: Washington Broadcast Center, Jack Armstrong and Joe Ketty. 3 00:00:10,160 --> 00:00:17,640 Speaker 2: Armstrong and Jettie and He Armstrong and Yetty. 4 00:00:23,480 --> 00:00:25,400 Speaker 3: Lebron James and Steph Curry and whether they'll play at 5 00:00:25,400 --> 00:00:28,240 Speaker 3: the Olympics in Los Angeles in twenty twenty eight. Lebron James, 6 00:00:28,240 --> 00:00:30,920 Speaker 3: who will be forty three by that time, saying he 7 00:00:30,960 --> 00:00:33,760 Speaker 3: won't play, Steph Curry, who will be forty, saying it's 8 00:00:33,880 --> 00:00:35,000 Speaker 3: unlikely he'll play. 9 00:00:35,159 --> 00:00:38,760 Speaker 2: That ads never say never, So there's a stupid story 10 00:00:38,800 --> 00:00:39,040 Speaker 2: for you. 11 00:00:39,120 --> 00:00:41,559 Speaker 1: They teased all throughout the ABC Evening News last night, 12 00:00:41,600 --> 00:00:42,559 Speaker 1: and I stuck around to the end. 13 00:00:42,600 --> 00:00:43,680 Speaker 2: It worked on me. The tease. 14 00:00:45,360 --> 00:00:47,960 Speaker 1: Lebron James and Steph Curry asked, I will play for 15 00:00:48,000 --> 00:00:49,680 Speaker 1: the men's Olympic basketball team. 16 00:00:49,720 --> 00:00:51,280 Speaker 2: You're not gonna like the answer. 17 00:00:51,000 --> 00:00:54,360 Speaker 1: And I thought, well, I assume you said that that 18 00:00:54,400 --> 00:00:56,880 Speaker 1: they're gonna say no. But they're old. And I was 19 00:00:56,960 --> 00:00:59,600 Speaker 1: thinking of the Olympics if it were this year. I 20 00:00:59,720 --> 00:01:03,320 Speaker 1: forget that it's in twenty twenty eight, so it's. 21 00:01:03,560 --> 00:01:08,679 Speaker 2: Three years from now. They're already old. What a stupid story. 22 00:01:08,800 --> 00:01:09,440 Speaker 2: Who is that for? 23 00:01:10,480 --> 00:01:10,560 Speaker 3: No? 24 00:01:12,280 --> 00:01:13,160 Speaker 2: No basketball? 25 00:01:13,200 --> 00:01:15,800 Speaker 1: Fan who wants America to win the gold medal wants 26 00:01:15,800 --> 00:01:18,320 Speaker 1: a forty three year old Lebron and forty year old 27 00:01:18,400 --> 00:01:21,479 Speaker 1: Steph Curry on the team. They're big stars. 28 00:01:21,680 --> 00:01:24,679 Speaker 4: Jack so Well, I like the teas where he said, 29 00:01:25,040 --> 00:01:27,000 Speaker 4: you're not gonna like the answer, because the answer is 30 00:01:27,040 --> 00:01:27,480 Speaker 4: I don't know. 31 00:01:28,800 --> 00:01:30,280 Speaker 5: ID like that anster. No. 32 00:01:30,920 --> 00:01:32,920 Speaker 1: One of the problems with the whole thing is that 33 00:01:33,000 --> 00:01:35,759 Speaker 1: the top four players, four of the top five players 34 00:01:35,760 --> 00:01:37,920 Speaker 1: in the world are all play for other countries. 35 00:01:38,240 --> 00:01:39,840 Speaker 2: So when you get about. 36 00:01:39,680 --> 00:01:42,640 Speaker 5: That, they've stolen our game. Time to declare war. 37 00:01:43,120 --> 00:01:48,280 Speaker 1: So I mentioned this yesterday essay in the New York 38 00:01:48,320 --> 00:01:51,280 Speaker 1: Times over the weekend about the whole affordability thing. The 39 00:01:51,360 --> 00:01:54,960 Speaker 1: a word that is going to be sold everywhere until 40 00:01:54,960 --> 00:01:58,640 Speaker 1: the next election, affordability, and both both parties want to 41 00:01:58,680 --> 00:02:00,680 Speaker 1: try to take the mantle on that and be the 42 00:02:01,480 --> 00:02:04,000 Speaker 1: champions of trying to make affordability better. That's what Trump's 43 00:02:04,000 --> 00:02:05,960 Speaker 1: working on every single day. This essay in the New 44 00:02:06,080 --> 00:02:10,600 Speaker 1: York Time written by some fancy pants professor. Economists hate 45 00:02:10,639 --> 00:02:15,360 Speaker 1: this idea. That's kind of funny you're gonna argue about 46 00:02:15,360 --> 00:02:18,480 Speaker 1: something that all economists say is a terrible idea. Economists 47 00:02:18,480 --> 00:02:20,480 Speaker 1: hate this idea, but it could be a way out 48 00:02:20,520 --> 00:02:25,640 Speaker 1: of the affordability crisis. Price controls, oh lord, And it 49 00:02:25,760 --> 00:02:27,040 Speaker 1: argues for why that would work. 50 00:02:28,760 --> 00:02:31,560 Speaker 4: Trying for the millionth time to push that fraud on 51 00:02:31,639 --> 00:02:33,160 Speaker 4: humanity unbelievable. 52 00:02:33,200 --> 00:02:35,440 Speaker 1: And they even in the headline put that economists have 53 00:02:35,480 --> 00:02:37,720 Speaker 1: decided this doesn't work, but let's try. 54 00:02:37,600 --> 00:02:40,640 Speaker 4: It again anyway, because it kind of sounds good. 55 00:02:40,680 --> 00:02:41,240 Speaker 2: Who's with me? 56 00:02:41,680 --> 00:02:45,760 Speaker 4: So I've assembled a handful of stories about price controls, 57 00:02:46,040 --> 00:02:48,400 Speaker 4: specifically in terms of real at state and rent. It 58 00:02:48,480 --> 00:02:52,480 Speaker 4: was funny. I just found out that our remodel failed inspection. 59 00:02:52,480 --> 00:02:54,240 Speaker 4: It's no big deal because they'll fix it and it'll 60 00:02:54,240 --> 00:02:57,600 Speaker 4: be fine. But one of the things that the inspector said, 61 00:02:57,639 --> 00:03:00,000 Speaker 4: now you got to have this contractor has been doing 62 00:03:00,160 --> 00:03:02,959 Speaker 4: this for many, many moons exactly where my house is. 63 00:03:03,000 --> 00:03:05,680 Speaker 4: Said I've never heard of that in my life. That 64 00:03:05,880 --> 00:03:08,440 Speaker 4: is an example of what it's like to build housing, 65 00:03:08,560 --> 00:03:11,560 Speaker 4: you know, writ large. But anyway, just to get this 66 00:03:11,639 --> 00:03:14,040 Speaker 4: out of the way, it's funny. This Wall Street Journal 67 00:03:14,080 --> 00:03:16,960 Speaker 4: headline hit me how building affordable housing became the hottest 68 00:03:17,000 --> 00:03:21,680 Speaker 4: game in LA And what happened was the city decided 69 00:03:21,720 --> 00:03:26,560 Speaker 4: we need more affordable housing and so they eliminated a 70 00:03:26,600 --> 00:03:31,360 Speaker 4: lot of the BS red tape, but only for quote 71 00:03:31,440 --> 00:03:36,440 Speaker 4: unquote affordable housing, which means all units are for tenants 72 00:03:36,480 --> 00:03:38,600 Speaker 4: who make no more than eighty percent of the city's 73 00:03:38,720 --> 00:03:42,880 Speaker 4: median income, which somebody decided was the proper number. More 74 00:03:42,920 --> 00:03:45,480 Speaker 4: places across the US are experimenting with similar policies to 75 00:03:45,520 --> 00:03:47,640 Speaker 4: cut red tape for affordable housing and effort to ease 76 00:03:47,680 --> 00:03:51,440 Speaker 4: their yawning housing shortages. Well what about unaffordable housing or 77 00:03:51,720 --> 00:03:54,560 Speaker 4: nice housing or luxury housing. 78 00:03:55,000 --> 00:03:57,120 Speaker 1: Well, let me just jump in as no, somebody knows 79 00:03:57,160 --> 00:04:02,680 Speaker 1: nothing about this. Just at first, listen to this story. So, 80 00:04:03,560 --> 00:04:09,760 Speaker 1: most regulations are around safety, some sort of you gotta 81 00:04:10,440 --> 00:04:13,760 Speaker 1: you know, use this sort of wood or plaster or cement, 82 00:04:13,840 --> 00:04:15,560 Speaker 1: and the roof needs to be this high, and blah 83 00:04:15,600 --> 00:04:17,040 Speaker 1: blah blah, and all these different sorts of things. You 84 00:04:17,080 --> 00:04:19,840 Speaker 1: got all the gazillions of regulations, everything like that. And 85 00:04:19,880 --> 00:04:23,520 Speaker 1: you're saying, if it's to build a house for someone 86 00:04:23,560 --> 00:04:26,760 Speaker 1: who doesn't have much money, we don't need to meet 87 00:04:26,760 --> 00:04:30,279 Speaker 1: this standard, but everybody else does. Well, that leads me 88 00:04:30,320 --> 00:04:32,800 Speaker 1: to believe that the standard is not necessary in the 89 00:04:32,960 --> 00:04:33,640 Speaker 1: first place. 90 00:04:33,960 --> 00:04:37,799 Speaker 4: Well, or it's the environmental crap and Calrnans are familiar 91 00:04:37,800 --> 00:04:40,839 Speaker 4: with how this works. Okay, but environmental reviews don't exist 92 00:04:40,839 --> 00:04:43,920 Speaker 4: to protect in the environment. They exist so unions can sue 93 00:04:44,080 --> 00:04:45,760 Speaker 4: and demand to share the work and more money. 94 00:04:45,839 --> 00:04:47,159 Speaker 2: Yeah, my argument is the same. 95 00:04:47,480 --> 00:04:50,040 Speaker 1: If you're claiming it was for the environment originally when 96 00:04:50,040 --> 00:04:52,440 Speaker 1: you pass this regulation, well, obviously it's not that important 97 00:04:52,440 --> 00:04:56,520 Speaker 1: if you can waive it for people under a certain income. 98 00:04:56,839 --> 00:04:59,760 Speaker 4: Right, right, So if you want to build like a normal, 99 00:05:00,000 --> 00:05:03,039 Speaker 4: regular development, it takes you years, years and years. But 100 00:05:03,080 --> 00:05:05,280 Speaker 4: if it's affordable housing, we'll cut all the red tape 101 00:05:05,279 --> 00:05:07,479 Speaker 4: and you can go ahead and build it. What possible 102 00:05:07,600 --> 00:05:11,320 Speaker 4: sense does that make anyway? Moving on to this great 103 00:05:11,400 --> 00:05:14,359 Speaker 4: piece by the editorial board at the Journal, how to 104 00:05:14,480 --> 00:05:18,159 Speaker 4: shrink housing supply in Los Angeles the city tightens its 105 00:05:18,240 --> 00:05:19,360 Speaker 4: rent control law. 106 00:05:19,600 --> 00:05:20,960 Speaker 5: Good luck finding an apartment. 107 00:05:22,000 --> 00:05:24,880 Speaker 4: Yeah, economic laws supplying demand is simple enough, but LA 108 00:05:24,960 --> 00:05:27,880 Speaker 4: is defying it again by tightening rent control laws in 109 00:05:27,880 --> 00:05:30,640 Speaker 4: the name of housing affordability. The result will be as 110 00:05:30,680 --> 00:05:35,039 Speaker 4: it always, always, always is, fewer apartments and less affordable housing. 111 00:05:35,560 --> 00:05:39,720 Speaker 4: City restricts rent increases in properties built before nineteen seventy eight, 112 00:05:39,720 --> 00:05:42,320 Speaker 4: which for some reason is the golden year to the 113 00:05:42,360 --> 00:05:46,080 Speaker 4: consumer price index, and it can't even be more than 114 00:05:46,120 --> 00:05:48,680 Speaker 4: eight percent, even if the price index goes at eight percent, 115 00:05:49,240 --> 00:05:51,680 Speaker 4: and the rent caps applied to about three quarters of 116 00:05:51,720 --> 00:05:53,640 Speaker 4: the multi family housing units in the city. 117 00:05:53,960 --> 00:05:55,880 Speaker 5: So last week the city Council. 118 00:05:55,720 --> 00:05:58,760 Speaker 4: Wanted to vote to lower the cap to ninety percent 119 00:05:58,800 --> 00:06:01,520 Speaker 4: of the consumer price index, with a maximum increase of 120 00:06:01,600 --> 00:06:04,600 Speaker 4: four percent, so landlords will no longer be able to 121 00:06:04,680 --> 00:06:08,000 Speaker 4: raise rents to cover an increase in electricity charges, for instance. 122 00:06:08,400 --> 00:06:12,000 Speaker 4: That means they'll have to eat rising electricity rates caused 123 00:06:12,040 --> 00:06:17,480 Speaker 4: by the state's destructive green energy of policies. But the 124 00:06:17,600 --> 00:06:19,920 Speaker 4: in effect what happens is they don't eat it because 125 00:06:20,120 --> 00:06:24,359 Speaker 4: it's a fairly tight profit margin. And so what happens 126 00:06:24,600 --> 00:06:29,000 Speaker 4: is rent control discourages housing investment and reduces supply. And 127 00:06:29,040 --> 00:06:33,160 Speaker 4: if landlords can't raise rents to cover their costs, including repairs, insurance, 128 00:06:33,160 --> 00:06:34,440 Speaker 4: and utilities. 129 00:06:34,080 --> 00:06:35,240 Speaker 5: They won't maintain them. 130 00:06:35,360 --> 00:06:38,240 Speaker 4: They won't fix the leaky pipes or water heater, forget 131 00:06:38,240 --> 00:06:40,520 Speaker 4: about upgrades, forget about new developments. 132 00:06:40,560 --> 00:06:42,840 Speaker 5: It doesn't make economic sense to do it. 133 00:06:43,240 --> 00:06:45,880 Speaker 4: So you restrict a number of new units to zero, 134 00:06:46,000 --> 00:06:49,680 Speaker 4: and you make all the units that exist crappier and crappier. 135 00:06:50,279 --> 00:06:50,839 Speaker 2: Yeah, there's no. 136 00:06:50,920 --> 00:06:52,840 Speaker 1: I don't have rental property, but there's no way I 137 00:06:52,880 --> 00:06:55,400 Speaker 1: would ever decide to do that if I lived in 138 00:06:55,400 --> 00:06:57,640 Speaker 1: an area where I don't get to determine the rent 139 00:06:58,120 --> 00:07:01,880 Speaker 1: regardless of what market demain is or what you know, 140 00:07:02,040 --> 00:07:03,720 Speaker 1: energy costs to become or whatever. 141 00:07:04,520 --> 00:07:04,799 Speaker 5: Yeah. 142 00:07:05,560 --> 00:07:08,680 Speaker 4: Two more notes that I found really interesting. This one 143 00:07:08,960 --> 00:07:12,280 Speaker 4: is about a case. And then, of course, if you 144 00:07:12,360 --> 00:07:17,280 Speaker 4: already own the property, why would you try to compete 145 00:07:18,320 --> 00:07:20,320 Speaker 4: to be able to raise the rent If you're not 146 00:07:20,400 --> 00:07:24,400 Speaker 4: allowed to, you just well let it be crappy, all right. 147 00:07:24,440 --> 00:07:27,720 Speaker 4: And if the city says, if you're unforseeable costs in 148 00:07:27,720 --> 00:07:30,400 Speaker 4: the future go up ten percent, you can just raise 149 00:07:30,440 --> 00:07:33,880 Speaker 4: the rent four percent. Sorry, I'm thinking, no, I got 150 00:07:33,920 --> 00:07:36,680 Speaker 4: other places to put my money, because rental property is 151 00:07:36,840 --> 00:07:39,200 Speaker 4: risky in several different ways which we won't get into. 152 00:07:39,240 --> 00:07:43,680 Speaker 5: But no, that's just not nearly enough to justify the risk. 153 00:07:44,000 --> 00:07:47,640 Speaker 4: So interestingly, there's a lawsuit going on filed in New 154 00:07:47,720 --> 00:07:53,280 Speaker 4: York City by building owners challenging the city's rent stabilization law, 155 00:07:53,680 --> 00:07:55,840 Speaker 4: which is similar to what we've been talking about. What 156 00:07:55,880 --> 00:08:02,360 Speaker 4: they're saying is that rent fix is an unconstitutional taking 157 00:08:03,320 --> 00:08:08,400 Speaker 4: under the Fifth Amendment, because you can't just find me 158 00:08:08,760 --> 00:08:12,200 Speaker 4: without me violating the lawn, breaking a specific lawn and 159 00:08:12,240 --> 00:08:15,160 Speaker 4: the rest of it. So they're trying to claim that 160 00:08:15,240 --> 00:08:18,600 Speaker 4: at making me charge subnormal rent or sub market rent 161 00:08:18,840 --> 00:08:22,640 Speaker 4: is an unconstitutional taking. The courts have rejected that on 162 00:08:22,720 --> 00:08:24,960 Speaker 4: a number of different occasions. I was corresponding with our 163 00:08:24,960 --> 00:08:28,120 Speaker 4: good friend Tim Sanderfer about that, but he says it's 164 00:08:28,800 --> 00:08:31,600 Speaker 4: plainly clearly an unconstitutional taking. 165 00:08:31,720 --> 00:08:33,040 Speaker 5: God always has been. 166 00:08:33,600 --> 00:08:35,640 Speaker 2: Yeah, I don't know anything about that. That's interesting. 167 00:08:36,000 --> 00:08:38,680 Speaker 1: You shouldn't even have to get there though. Again, like 168 00:08:38,720 --> 00:08:41,400 Speaker 1: that headline in the New York Times, economists think it's 169 00:08:41,400 --> 00:08:42,240 Speaker 1: a bad idea. 170 00:08:42,320 --> 00:08:45,960 Speaker 2: It's been looked at for years, these ideas. 171 00:08:46,120 --> 00:08:50,319 Speaker 1: I remember the Washington Post several years back said sorry Democrats, 172 00:08:50,360 --> 00:08:51,440 Speaker 1: but it's just true. 173 00:08:51,559 --> 00:08:53,440 Speaker 2: Rent control doesn't work, And. 174 00:08:53,360 --> 00:08:57,120 Speaker 1: The Washington Post laid out why for their readers it's 175 00:08:57,160 --> 00:08:58,960 Speaker 1: just a bad idea. I know you think it's a 176 00:08:58,960 --> 00:09:00,800 Speaker 1: good idea, and I don't blame anybody for thinking it's 177 00:09:00,800 --> 00:09:01,200 Speaker 1: a good idea. 178 00:09:01,240 --> 00:09:02,680 Speaker 2: I didn't do it. I was young, first time I 179 00:09:02,720 --> 00:09:05,000 Speaker 2: ever heard it. But then when somebody explains you why 180 00:09:05,000 --> 00:09:06,600 Speaker 2: it isn't well, then you move on. 181 00:09:07,800 --> 00:09:10,320 Speaker 4: So the Supreme Court has been edging closer and closer 182 00:09:10,360 --> 00:09:13,559 Speaker 4: to being sympathetic to this claim. I certainly hope they 183 00:09:13,600 --> 00:09:17,120 Speaker 4: come around. Final example, this one again from New York City. 184 00:09:18,040 --> 00:09:23,320 Speaker 4: Matt miller, A writing for The Free Press h why 185 00:09:23,400 --> 00:09:29,319 Speaker 4: New York City has fifty thousand, fifty thousand ghost apartments. 186 00:09:29,840 --> 00:09:32,320 Speaker 4: Mom Donni's freeze the rent pledge misses the real problem. 187 00:09:32,360 --> 00:09:36,600 Speaker 4: The rent that landlords can charge often doesn't cover their costs. 188 00:09:37,600 --> 00:09:41,800 Speaker 4: And of course he's got to begin with a particular anecdote. Normally, 189 00:09:41,880 --> 00:09:43,719 Speaker 4: it doesn't take too long for landlords like me to 190 00:09:43,760 --> 00:09:46,120 Speaker 4: renovate in an empty apartment and list it so that 191 00:09:46,200 --> 00:09:48,040 Speaker 4: new people can move in and start the next chapter 192 00:09:48,080 --> 00:09:51,080 Speaker 4: of their lives. But since this particular apartment is rent stabilized, 193 00:09:51,360 --> 00:09:54,000 Speaker 4: laws that were passed in twenty nineteen essentially prevent me 194 00:09:54,040 --> 00:09:56,800 Speaker 4: from doing anything with it except shutting the door and 195 00:09:56,880 --> 00:10:00,560 Speaker 4: keeping it empty. Strict limits on rent increase says under 196 00:10:00,559 --> 00:10:03,520 Speaker 4: the twenty nineteen laws have left an estimated fifty thousand 197 00:10:03,559 --> 00:10:06,680 Speaker 4: apartments like this one vacant across the city because the 198 00:10:06,720 --> 00:10:09,480 Speaker 4: restrictions on what landlords can charge for these apartments often 199 00:10:09,520 --> 00:10:12,319 Speaker 4: don't even cover the cost of maintaining them. They become 200 00:10:12,400 --> 00:10:15,240 Speaker 4: like ghosts. It's like they don't exist at all. And 201 00:10:15,280 --> 00:10:18,480 Speaker 4: he goes into how Mumdani is going to make it 202 00:10:18,520 --> 00:10:22,000 Speaker 4: even worse, and then he. 203 00:10:22,000 --> 00:10:23,560 Speaker 5: Goes into some of the particulars of it. 204 00:10:23,600 --> 00:10:28,760 Speaker 4: But the point is, if you rent your apartment, you 205 00:10:28,840 --> 00:10:34,199 Speaker 4: will be losing significantly more over the longer term than 206 00:10:34,240 --> 00:10:36,560 Speaker 4: if you just leave it off the market and hope 207 00:10:36,600 --> 00:10:39,120 Speaker 4: that the rents change in two years I'm sorry, and 208 00:10:39,200 --> 00:10:42,040 Speaker 4: hope that's the laws change in two years or five 209 00:10:42,080 --> 00:10:46,960 Speaker 4: years or whenever. So you have fifty thousand plus empty 210 00:10:47,040 --> 00:10:50,120 Speaker 4: apartments because it makes more sense for the owner to 211 00:10:50,240 --> 00:10:53,120 Speaker 4: keep them off the market than to rent them thanks 212 00:10:53,160 --> 00:10:58,480 Speaker 4: to rent control. It is obscenely idiotic. It just sounds 213 00:10:58,520 --> 00:11:01,680 Speaker 4: good to dope be young people who listen to Mom 214 00:11:01,760 --> 00:11:04,240 Speaker 4: Donnie and people like him, and it's been true forever. 215 00:11:04,480 --> 00:11:06,880 Speaker 4: I mean, as Jack said, it sounds good to young 216 00:11:06,920 --> 00:11:09,720 Speaker 4: people who don't understand how markets work, which is another 217 00:11:09,760 --> 00:11:12,199 Speaker 4: reason econ one O one should be a required class 218 00:11:12,200 --> 00:11:14,199 Speaker 4: in every high school in America, if. 219 00:11:14,040 --> 00:11:14,840 Speaker 5: Not middle school. 220 00:11:14,880 --> 00:11:17,680 Speaker 4: The easy stuff or the simple stuff in economics is 221 00:11:17,760 --> 00:11:20,320 Speaker 4: super easy to grasp, and it's as true as anything 222 00:11:20,360 --> 00:11:24,640 Speaker 4: has ever been true, but people fall for the scam 223 00:11:24,679 --> 00:11:26,560 Speaker 4: over and over again because they think, yeah, I'm voting 224 00:11:26,600 --> 00:11:28,920 Speaker 4: for that guy because he's going to stick into those 225 00:11:28,960 --> 00:11:31,640 Speaker 4: green landlords and I can get a super cool apartment 226 00:11:31,679 --> 00:11:33,400 Speaker 4: for a lot less than they're charging right now. 227 00:11:34,080 --> 00:11:37,600 Speaker 1: It's too damn Everyone should come out of high school 228 00:11:37,640 --> 00:11:41,520 Speaker 1: at least having heard the arguments on both sides of 229 00:11:42,320 --> 00:11:45,640 Speaker 1: price control, re and control that sort of stuff. But 230 00:11:45,760 --> 00:11:47,880 Speaker 1: that's never going to happen in government schools because the 231 00:11:49,200 --> 00:11:51,640 Speaker 1: government crowd always thinks this stuff is a good idea. 232 00:11:52,280 --> 00:11:52,480 Speaker 5: Yeah. 233 00:11:52,480 --> 00:11:55,480 Speaker 4: The greatest illustration of this is and this is a 234 00:11:55,480 --> 00:11:57,640 Speaker 4: conversation we had a number of years ago with Tim 235 00:11:57,880 --> 00:12:01,040 Speaker 4: Santa Fer from the Goldwater Foundation out to gouging and 236 00:12:01,040 --> 00:12:03,280 Speaker 4: how gouging is a good thing, like after a hurricane, 237 00:12:04,120 --> 00:12:07,679 Speaker 4: And it's like going to the end of the argument 238 00:12:07,760 --> 00:12:11,199 Speaker 4: to make it absolutely clear why rent control's a bad idea, 239 00:12:11,760 --> 00:12:15,319 Speaker 4: the idea being all right, after the hurricane Florida, chainsaws 240 00:12:15,320 --> 00:12:18,560 Speaker 4: are going for a quadrupled or normal price. If I'm 241 00:12:18,679 --> 00:12:22,400 Speaker 4: Joe's Chainsaws in Georgia, I'm loading up a truck with 242 00:12:22,520 --> 00:12:25,640 Speaker 4: every chainsaw I can beg, borrow and steal. I'm driving 243 00:12:25,760 --> 00:12:29,920 Speaker 4: straight to Florida to get those fabulous prices for my chainsaws, 244 00:12:30,360 --> 00:12:33,520 Speaker 4: which floods the market with chainsaws because that's where people 245 00:12:33,559 --> 00:12:36,920 Speaker 4: need them the most, and the price drops almost immediately, 246 00:12:37,160 --> 00:12:38,880 Speaker 4: and the people who need the chain saws the most 247 00:12:38,920 --> 00:12:42,040 Speaker 4: they go ahead and buy them, and the goods flow 248 00:12:42,080 --> 00:12:44,360 Speaker 4: to where they're needed. Soon the price is level out 249 00:12:44,400 --> 00:12:47,280 Speaker 4: and everybody's fine. You put a price control on chainsaws, 250 00:12:47,400 --> 00:12:49,400 Speaker 4: can be no more the Gavin Newsom has done this, 251 00:12:49,480 --> 00:12:55,840 Speaker 4: the freakin disingenuous lion idiot. You put a price control 252 00:12:55,880 --> 00:12:58,360 Speaker 4: on chainsaws, you can only charge ten percent more than 253 00:12:58,400 --> 00:13:01,480 Speaker 4: the usual price. Here, I am Joe's Chainsaws in Georgia. 254 00:13:01,720 --> 00:13:04,600 Speaker 4: I'm sitting there in my Georgia chainsaw store and I'm 255 00:13:04,600 --> 00:13:08,240 Speaker 4: not moving an inch. Why would I? So the people 256 00:13:08,280 --> 00:13:13,319 Speaker 4: in Florida can't get a damn chainsaw chainsaw? 257 00:13:13,600 --> 00:13:14,080 Speaker 5: That's right? 258 00:13:17,040 --> 00:13:20,600 Speaker 4: Uh got the same flim flam gets sold over and 259 00:13:20,600 --> 00:13:21,000 Speaker 4: over again. 260 00:13:21,000 --> 00:13:22,360 Speaker 5: It's enough to making insane. 261 00:13:22,679 --> 00:13:26,760 Speaker 1: Everybody is waiting for the Nvidia earnings to come out 262 00:13:26,800 --> 00:13:28,480 Speaker 1: that could be huge on the whether or not the 263 00:13:28,480 --> 00:13:31,480 Speaker 1: AI bubble is bursting or not. After several days in 264 00:13:31,480 --> 00:13:33,720 Speaker 1: a row of the stock market kind of having an 265 00:13:33,720 --> 00:13:36,439 Speaker 1: AI hit, I've got an interesting AI story and may 266 00:13:36,480 --> 00:13:38,960 Speaker 1: have kind of changed my mind as a doomer around 267 00:13:39,000 --> 00:13:41,480 Speaker 1: AI based on some stuff I heard yesterday. 268 00:13:42,440 --> 00:13:44,320 Speaker 5: Okay, doomer, get to that later. 269 00:13:45,080 --> 00:13:46,040 Speaker 2: All on the way, stay. 270 00:13:45,880 --> 00:13:54,160 Speaker 6: Here is all the doom saying about AI are safety 271 00:13:54,320 --> 00:13:58,719 Speaker 6: ism that has infected our culture to such a stagnating 272 00:13:58,880 --> 00:14:00,559 Speaker 6: point job. 273 00:14:00,520 --> 00:14:04,600 Speaker 1: That we all recognize that didn't used to exist when 274 00:14:04,640 --> 00:14:06,320 Speaker 1: we were a bold, innovative country. 275 00:14:06,360 --> 00:14:07,840 Speaker 2: You're going to talk about that coming up a little 276 00:14:07,840 --> 00:14:08,200 Speaker 2: bit later. 277 00:14:08,480 --> 00:14:10,559 Speaker 4: Oh, I'm a bit of a doomer, but you've hit 278 00:14:10,600 --> 00:14:12,520 Speaker 4: me with one of my favorite arguments. 279 00:14:12,679 --> 00:14:14,880 Speaker 5: You know, your judo will. 280 00:14:15,600 --> 00:14:18,880 Speaker 4: I can't wait to hear about that. So this is 281 00:14:19,080 --> 00:14:22,960 Speaker 4: this is really interesting. We're talking about the humble raccoon 282 00:14:23,000 --> 00:14:25,360 Speaker 4: could be your next pet, the trash panda, if you will. 283 00:14:25,440 --> 00:14:27,400 Speaker 2: Is that the one that looks like it's wearn't a mask? 284 00:14:27,880 --> 00:14:29,600 Speaker 5: Yes, Yes, that's the Yes. 285 00:14:30,080 --> 00:14:35,880 Speaker 4: City dwelling raccoons seem to evolve be evolving a shorter snout. 286 00:14:36,240 --> 00:14:38,880 Speaker 4: So what you say, it's a telltale feature of our 287 00:14:38,920 --> 00:14:42,760 Speaker 4: pets and other domesticated animals. And they go into a 288 00:14:42,880 --> 00:14:46,440 Speaker 4: detail about the dexterous, childlike hands and the cheeky masks, 289 00:14:46,880 --> 00:14:49,760 Speaker 4: raccoons are North America's ubiquitous backyard bandits. 290 00:14:50,080 --> 00:14:52,280 Speaker 5: They're so comfortable in human environments. 291 00:14:52,520 --> 00:14:55,600 Speaker 4: Now, new study finds that raccoons living in urban areas 292 00:14:55,600 --> 00:14:58,720 Speaker 4: are physically changing in response to life around humans that 293 00:14:58,840 --> 00:15:01,000 Speaker 4: an early step is domestication. 294 00:15:01,320 --> 00:15:03,760 Speaker 2: I didn't think evolution could happen that fast. 295 00:15:04,200 --> 00:15:06,720 Speaker 4: They explain, they have a pretty good theory why it's happening, 296 00:15:07,400 --> 00:15:10,360 Speaker 4: and this was the part that I thought was a 297 00:15:10,360 --> 00:15:14,040 Speaker 4: good simple revelation. The study lays out the case that domestication, 298 00:15:14,480 --> 00:15:17,360 Speaker 4: is often wrongly thought of, is initiated by humans, with 299 00:15:17,480 --> 00:15:20,360 Speaker 4: people capturing in selectively breeding wild animals. But it's not 300 00:15:20,400 --> 00:15:23,000 Speaker 4: that at all, the study authors claim, and I think 301 00:15:23,040 --> 00:15:25,880 Speaker 4: they're right that the process begins much earlier when animals 302 00:15:25,880 --> 00:15:29,640 Speaker 4: become habituated to human environments, says one of the studies 303 00:15:29,720 --> 00:15:33,280 Speaker 4: co authors from University of Arkansas. And they ought to 304 00:15:33,360 --> 00:15:36,320 Speaker 4: know about raccoons in Arkansas. One thing about us humans 305 00:15:36,360 --> 00:15:39,880 Speaker 4: is that wherever we go, we produce a lot of trash, 306 00:15:39,960 --> 00:15:43,479 Speaker 4: and piles of human scraps offer a bottomless, buffeted wildlife, 307 00:15:43,720 --> 00:15:47,080 Speaker 4: and to access that bounty, animals need to be bold 308 00:15:47,160 --> 00:15:50,720 Speaker 4: enough to rummage through human rubbish. But not so bold 309 00:15:51,120 --> 00:15:54,160 Speaker 4: as to become a threat to people. He says, quote, 310 00:15:54,240 --> 00:15:56,600 Speaker 4: if you have an animal that lives close to humans, 311 00:15:56,840 --> 00:16:00,560 Speaker 4: you have to be well behaved enough that selection pressure 312 00:16:00,640 --> 00:16:05,480 Speaker 4: is quite intense. I'm sure proto dogs for example. And seriously, 313 00:16:05,760 --> 00:16:08,120 Speaker 4: proto dogs is the name of my next band? One 314 00:16:08,240 --> 00:16:11,400 Speaker 4: hundred percent? Yeah, yeah, it's mine. You can't steal it. 315 00:16:12,000 --> 00:16:14,520 Speaker 4: They would have dug through human trash heaps and cats 316 00:16:14,560 --> 00:16:18,200 Speaker 4: attracted de mice gathered around refuge overtime. Individual animals that 317 00:16:18,240 --> 00:16:21,280 Speaker 4: had reduced fight or flight responses could feed more successfully 318 00:16:21,280 --> 00:16:25,520 Speaker 4: around humans and pass their non reactive behavior onto their offspring. Interestingly, 319 00:16:26,040 --> 00:16:29,840 Speaker 4: in decoding the genome, they figured out that the less 320 00:16:29,960 --> 00:16:33,440 Speaker 4: fight or flight thing seems to come in a set 321 00:16:33,480 --> 00:16:37,560 Speaker 4: of genes that also has been associated with traits such 322 00:16:37,560 --> 00:16:40,880 Speaker 4: as shorter a shorter face, smaller head, floppy ears, white 323 00:16:40,880 --> 00:16:44,800 Speaker 4: patches on fur, a pattern that Charles Darwin noted back 324 00:16:44,840 --> 00:16:49,560 Speaker 4: in the eighteen hundreds that were common among more domesticated animals. 325 00:16:51,400 --> 00:16:54,800 Speaker 4: So they think the shortening of the stoutness snout rather 326 00:16:55,080 --> 00:16:58,720 Speaker 4: is just kind of coincidental to the I'm aggressive or 327 00:16:58,760 --> 00:17:00,920 Speaker 4: bold enough to get near hum, but not so bold 328 00:17:00,920 --> 00:17:03,200 Speaker 4: as to want to hurt them or anything says step 329 00:17:03,240 --> 00:17:04,160 Speaker 4: toward domestication. 330 00:17:04,359 --> 00:17:06,639 Speaker 1: I like the YouTube videos of raccoons trying to get 331 00:17:06,680 --> 00:17:10,320 Speaker 1: into cyber trucks because they think they're trash containers. 332 00:17:10,320 --> 00:17:14,320 Speaker 2: Really into videos, really entertaining Armstrong and Getty. 333 00:17:15,760 --> 00:17:19,159 Speaker 7: The House voted to release the Epstein files, and if 334 00:17:19,200 --> 00:17:21,200 Speaker 7: to day couldn't get any worse for Trump. Halfway through 335 00:17:21,240 --> 00:17:23,480 Speaker 7: the vote there was a performance from Bad Bunny and 336 00:17:26,680 --> 00:17:29,320 Speaker 7: the final vote was four and a twenty seven to one. 337 00:17:31,760 --> 00:17:33,600 Speaker 7: I mean, it just goes to show every office has 338 00:17:33,640 --> 00:17:34,160 Speaker 7: that one. 339 00:17:33,960 --> 00:17:38,840 Speaker 4: Weirdo, you know what I'm saying, charming efforts at humor. 340 00:17:39,040 --> 00:17:43,159 Speaker 4: Uh how the narrative has taken shape that this is 341 00:17:43,280 --> 00:17:47,159 Speaker 4: bad for Trump to the extent that his young liberal 342 00:17:47,200 --> 00:17:51,200 Speaker 4: audience cheered and all kind Trump is so interesting mostly 343 00:17:51,359 --> 00:17:54,520 Speaker 4: through Trump's uh you know, resistance to it. 344 00:17:54,560 --> 00:17:57,639 Speaker 1: I guess yeah, because your your your natural reaction is 345 00:17:58,359 --> 00:17:59,960 Speaker 1: he doesn't want this to happen. There must be something 346 00:18:01,080 --> 00:18:02,840 Speaker 1: which may not need never offered, like a. 347 00:18:02,760 --> 00:18:04,919 Speaker 5: Real explanation of why he was against it. It's a 348 00:18:05,359 --> 00:18:06,600 Speaker 5: it's a stupid. 349 00:18:07,600 --> 00:18:09,440 Speaker 1: We'll talk more about that an hour four. We talked 350 00:18:09,480 --> 00:18:10,960 Speaker 1: to a lot about it in No how or two 351 00:18:11,040 --> 00:18:13,600 Speaker 1: one end two. There's a bunch there, and this might 352 00:18:13,600 --> 00:18:16,919 Speaker 1: be our slide into the country being really reality television 353 00:18:18,119 --> 00:18:20,359 Speaker 1: if this sets a precedent. But more on that later. 354 00:18:20,480 --> 00:18:23,440 Speaker 1: One to talk about first of all this I got 355 00:18:23,440 --> 00:18:25,760 Speaker 1: a text from a friend of mine. I thought this 356 00:18:25,880 --> 00:18:29,880 Speaker 1: was pretty damn funny. She is in her mid forties, 357 00:18:30,640 --> 00:18:33,960 Speaker 1: an attractive woman in her mid forties. She said, I'm 358 00:18:33,960 --> 00:18:36,680 Speaker 1: going to create a website called older Fans, and it's 359 00:18:36,760 --> 00:18:39,480 Speaker 1: just me telling people what part of my body hurts 360 00:18:39,520 --> 00:18:42,520 Speaker 1: today and what minuscule task I was doing that caused it. 361 00:18:44,520 --> 00:18:50,000 Speaker 5: Oh that's priceless. Well done. Yeah that is really good. Yeah. 362 00:18:50,080 --> 00:18:52,160 Speaker 1: You get on there and you're dressed, you know whatever, 363 00:18:52,160 --> 00:18:54,919 Speaker 1: your addressed sexy, and you say, today my knee hurts 364 00:18:55,040 --> 00:18:58,000 Speaker 1: because yesterday I had to do something and now I 365 00:18:58,040 --> 00:18:59,679 Speaker 1: was gardening and now my knee hurts. 366 00:19:00,119 --> 00:19:02,720 Speaker 4: I walked up four stairs and I hurt my knee. 367 00:19:02,760 --> 00:19:05,200 Speaker 4: How I don't know, lolaber faye. 368 00:19:05,520 --> 00:19:05,879 Speaker 5: Yeah. 369 00:19:06,080 --> 00:19:09,760 Speaker 4: Hansen says he wants to be the first subscriber that's brilliant. 370 00:19:09,760 --> 00:19:11,480 Speaker 5: Ten out of ten, my dear, well played. 371 00:19:11,720 --> 00:19:12,359 Speaker 2: So if you've been. 372 00:19:12,240 --> 00:19:14,200 Speaker 1: Found in the stock market, it's had a rough week 373 00:19:14,280 --> 00:19:16,960 Speaker 1: or so, and it's almost all Ai will all most 374 00:19:17,040 --> 00:19:19,359 Speaker 1: all of the growth in the stock market over the 375 00:19:19,440 --> 00:19:22,159 Speaker 1: last couple of years has been AI, and so a 376 00:19:22,200 --> 00:19:25,080 Speaker 1: downturn is around AI, and it's concerned that the bubble's 377 00:19:25,119 --> 00:19:27,720 Speaker 1: about to burst, and that sort of stuff huge. 378 00:19:27,400 --> 00:19:28,000 Speaker 2: Day to day. 379 00:19:28,200 --> 00:19:32,760 Speaker 1: Why in Vidia, which is a big chip maker, which 380 00:19:33,000 --> 00:19:35,040 Speaker 1: the common thing to say in the stock market world 381 00:19:35,119 --> 00:19:38,960 Speaker 1: right now is as goes in Nvidia goes the stock market. 382 00:19:39,240 --> 00:19:40,800 Speaker 2: That's how big a deal they are. 383 00:19:41,359 --> 00:19:43,440 Speaker 1: They're going to announce their earnings at the close of 384 00:19:43,480 --> 00:19:47,840 Speaker 1: the bell today, so around four thirty Eastern time, they'll 385 00:19:47,840 --> 00:19:53,360 Speaker 1: put out their earnings and this might shore up this 386 00:19:53,520 --> 00:19:56,720 Speaker 1: concern that it's a bubble, depending on how well they do. 387 00:19:56,840 --> 00:19:59,280 Speaker 2: Where analysts expect to dig this. 388 00:20:00,000 --> 00:20:02,679 Speaker 1: Analysts expect the chip behemoth to show more than a 389 00:20:03,240 --> 00:20:09,679 Speaker 1: fifty percent growth in net income and revenue this quarter. 390 00:20:10,640 --> 00:20:12,359 Speaker 5: Oo what corner. 391 00:20:13,640 --> 00:20:14,440 Speaker 2: Moving up? 392 00:20:14,840 --> 00:20:17,160 Speaker 1: Yeah, I would say that will shore up the whole 393 00:20:17,240 --> 00:20:18,240 Speaker 1: This is a bubble thing. 394 00:20:20,440 --> 00:20:22,399 Speaker 2: No, there's the stock market. 395 00:20:22,680 --> 00:20:24,159 Speaker 1: I mean, it still could be a bubble, but the 396 00:20:24,160 --> 00:20:26,040 Speaker 1: bubble ain't about inane over yet. 397 00:20:26,720 --> 00:20:30,280 Speaker 4: Except as you've pointed out, that whole incestuous thing in 398 00:20:30,400 --> 00:20:33,960 Speaker 4: videos profits mostly came from you know, open AI, whose 399 00:20:33,960 --> 00:20:37,040 Speaker 4: profits mostly came from in Video, whose profits mostly came 400 00:20:37,040 --> 00:20:39,320 Speaker 4: from cloud services from Amazon. 401 00:20:38,920 --> 00:20:40,800 Speaker 5: I can tell you, right, and. 402 00:20:40,400 --> 00:20:41,359 Speaker 2: This is from Bloomberg. 403 00:20:41,440 --> 00:20:44,960 Speaker 1: So they're expecting in Video to announce a fifty percent 404 00:20:45,000 --> 00:20:46,800 Speaker 1: growth in both net income in revenue. 405 00:20:46,800 --> 00:20:47,840 Speaker 2: It's fiscal third quarter. 406 00:20:47,880 --> 00:20:52,760 Speaker 1: The reason is straightforward, says here, Microsoft, Amazon, Alphabet. 407 00:20:52,200 --> 00:20:52,760 Speaker 2: That's Google. 408 00:20:53,200 --> 00:20:56,440 Speaker 1: That's that's Google, right, and Meta, which is a Facebook 409 00:20:56,560 --> 00:21:01,160 Speaker 1: and Zuckerberg all taken together represent more than forty percent 410 00:21:01,280 --> 00:21:02,640 Speaker 1: of Nvidio's sales. 411 00:21:05,200 --> 00:21:06,960 Speaker 5: So they're buying the chips for AI. 412 00:21:07,400 --> 00:21:07,920 Speaker 4: Yeah. 413 00:21:08,080 --> 00:21:14,000 Speaker 1: Yeah, And they're projected to increase their combined AI spending by. 414 00:21:13,160 --> 00:21:16,040 Speaker 2: Thirty four percent over the next year. 415 00:21:17,080 --> 00:21:20,800 Speaker 1: They've been throwing money at AI like crazy, and those 416 00:21:21,240 --> 00:21:23,240 Speaker 1: companies that I all just mentioned are going to increase 417 00:21:23,280 --> 00:21:25,960 Speaker 1: it by a third over the next twelve months. 418 00:21:26,640 --> 00:21:27,400 Speaker 2: It's expected. 419 00:21:28,400 --> 00:21:32,480 Speaker 4: Holy crap, it's it's a gold rush, and nobody's sure 420 00:21:32,480 --> 00:21:33,040 Speaker 4: there's gold. 421 00:21:35,960 --> 00:21:38,159 Speaker 1: So I was talking to yesterday about how much I 422 00:21:38,200 --> 00:21:40,639 Speaker 1: read and listened to about AI. 423 00:21:40,760 --> 00:21:42,320 Speaker 2: Joe was asking why. 424 00:21:43,000 --> 00:21:45,159 Speaker 1: For me, it's I think it might be the biggest 425 00:21:45,160 --> 00:21:47,040 Speaker 1: thing that's ever happened on planet Earth, so I would 426 00:21:47,080 --> 00:21:48,560 Speaker 1: like to know as much about it as possible. 427 00:21:49,000 --> 00:21:51,040 Speaker 4: And the reason I asked was it seems like uncertainty 428 00:21:51,080 --> 00:21:53,760 Speaker 4: piled on uncertainty, and it's just at some point you 429 00:21:53,800 --> 00:21:55,520 Speaker 4: get okay, we're not sure boy. 430 00:21:55,520 --> 00:21:56,440 Speaker 2: I highly recommend. 431 00:21:56,520 --> 00:21:58,720 Speaker 1: Steve Hayes of The Dispatch did an interview with a 432 00:21:58,760 --> 00:22:01,760 Speaker 1: podcast guy the other day that broke it down, like 433 00:22:01,880 --> 00:22:04,399 Speaker 1: really long conversations into about an hour, so if you're 434 00:22:04,440 --> 00:22:07,919 Speaker 1: interested in it. All he had on the guy from 435 00:22:07,960 --> 00:22:11,440 Speaker 1: the podcast the Last Invention, which I've. 436 00:22:11,240 --> 00:22:13,480 Speaker 2: Gotten into now. It's really good. 437 00:22:13,560 --> 00:22:15,760 Speaker 1: It gets into the history of all this, which is 438 00:22:15,800 --> 00:22:17,440 Speaker 1: what I was going to talk about now, the. 439 00:22:17,359 --> 00:22:17,960 Speaker 2: History of AI. 440 00:22:18,080 --> 00:22:21,919 Speaker 1: AI got a really big start in the fifties and 441 00:22:21,960 --> 00:22:24,400 Speaker 1: we got to jump on it and had almost all 442 00:22:24,480 --> 00:22:28,880 Speaker 1: your sci fi and projections of flying cars and all 443 00:22:28,920 --> 00:22:31,160 Speaker 1: that sort of stuff that if you're older you grew 444 00:22:31,240 --> 00:22:35,280 Speaker 1: up with all came out of this rush toward AI 445 00:22:35,400 --> 00:22:36,119 Speaker 1: in the fifties. 446 00:22:36,760 --> 00:22:39,240 Speaker 2: Then it just got like stuck. 447 00:22:38,920 --> 00:22:41,400 Speaker 1: For some reason. And I haven't heard an explanation for that. 448 00:22:42,040 --> 00:22:45,840 Speaker 1: I suspect it's just computing power wasn't there. Just plane 449 00:22:46,280 --> 00:22:49,160 Speaker 1: didn't have the computing power at the time to pull 450 00:22:49,200 --> 00:22:52,440 Speaker 1: off their ideas behind AI. And then with Moore's law 451 00:22:52,480 --> 00:22:57,560 Speaker 1: with computer power, computing computing power doubling roughly every eighteen 452 00:22:57,600 --> 00:22:59,920 Speaker 1: months over the last many, many decades. We've gotten a 453 00:23:00,080 --> 00:23:03,160 Speaker 1: point now that chips are so fast and processing speeds 454 00:23:03,200 --> 00:23:05,280 Speaker 1: are so great that they can do the stuff that 455 00:23:05,320 --> 00:23:10,399 Speaker 1: they thought about a very long time ago, which is interesting. Now, 456 00:23:12,160 --> 00:23:16,280 Speaker 1: I'm a doomer in the three camps that that particular 457 00:23:16,320 --> 00:23:20,640 Speaker 1: podcast talks about. The real polar opposites are the doomers 458 00:23:20,680 --> 00:23:22,479 Speaker 1: like me that think this is gonna be the end 459 00:23:22,520 --> 00:23:25,040 Speaker 1: of mankind. It's gonna be the worst thing that ever 460 00:23:25,040 --> 00:23:27,080 Speaker 1: happened to us. It's coming, whether we like it or not. 461 00:23:27,760 --> 00:23:30,479 Speaker 1: How quickly it ends as I don't know in my 462 00:23:30,560 --> 00:23:32,720 Speaker 1: lifetime or not, I don't know. We'll find out. And 463 00:23:32,720 --> 00:23:35,919 Speaker 1: then you got the accelerators he calls them, or the 464 00:23:35,920 --> 00:23:37,720 Speaker 1: people that say this is going to be the greatest 465 00:23:37,760 --> 00:23:41,040 Speaker 1: thing that ever happened to mankind. Well, it's split between 466 00:23:41,080 --> 00:23:44,120 Speaker 1: two crowds. The accelerators. I think I mentioned this yesterday. 467 00:23:44,240 --> 00:23:45,919 Speaker 1: You've got the this is gonna be the greatest thing 468 00:23:45,960 --> 00:23:48,400 Speaker 1: for mankind. We're gonna cure all the diseases. We're going 469 00:23:48,440 --> 00:23:50,800 Speaker 1: to live to be one hundred and fifty. Nobody's gonna 470 00:23:50,840 --> 00:23:53,720 Speaker 1: have to work. It's gonna be like Heaven on Earth. 471 00:23:53,720 --> 00:23:57,080 Speaker 1: Everybody is hoped for since the dawn of time. Half 472 00:23:57,160 --> 00:24:00,560 Speaker 1: the accelerators believe that. The other half the accelerators, No, no, no, 473 00:24:00,600 --> 00:24:02,679 Speaker 1: I think it's going to be the worst thing that 474 00:24:02,720 --> 00:24:05,400 Speaker 1: ever happened. But better that we get it first rather 475 00:24:05,440 --> 00:24:08,360 Speaker 1: than the Chinese. So that's why I'm all for plowing 476 00:24:08,600 --> 00:24:11,560 Speaker 1: forward as fast as we can. But as listening to 477 00:24:11,600 --> 00:24:15,800 Speaker 1: this podcast guy yesterday from the Last Invention talk about 478 00:24:15,880 --> 00:24:18,520 Speaker 1: how safety ism is what's driving the doomers. 479 00:24:18,520 --> 00:24:20,920 Speaker 2: He was just presenting the different arguments. 480 00:24:21,640 --> 00:24:25,400 Speaker 1: And there's no doubt that we have a safetyism problem 481 00:24:25,440 --> 00:24:29,840 Speaker 1: in our culture, no doubt whatsoever. The entire Western world. Yeah, 482 00:24:29,840 --> 00:24:32,840 Speaker 1: the entire Western world. We don't let kids play tag 483 00:24:32,880 --> 00:24:36,040 Speaker 1: at school. We put rubber bumpers on the corner of 484 00:24:36,040 --> 00:24:38,680 Speaker 1: our tables when our kids are little. I mean, just 485 00:24:38,840 --> 00:24:40,800 Speaker 1: all these different things that we do. We won't let 486 00:24:40,800 --> 00:24:44,680 Speaker 1: our kids play outside. There's a gaze as a park 487 00:24:44,680 --> 00:24:47,200 Speaker 1: on their own whatever. Yeah, we've got millions of examples 488 00:24:47,240 --> 00:24:49,399 Speaker 1: of this. And the guy was talking about how we 489 00:24:49,440 --> 00:24:52,680 Speaker 1: didn't used to be like that culturally. When the automobile 490 00:24:53,720 --> 00:24:56,840 Speaker 1: was first invented and then started to become mass produced 491 00:24:56,880 --> 00:25:00,399 Speaker 1: and going. We didn't get seat belts into what They 492 00:25:00,440 --> 00:25:02,879 Speaker 1: didn't put seat belts in cars at all for for 493 00:25:02,920 --> 00:25:05,200 Speaker 1: a very very long time, and then they weren't mandated 494 00:25:05,200 --> 00:25:06,880 Speaker 1: in this country until what the nineties. 495 00:25:06,920 --> 00:25:08,439 Speaker 2: I don't even know when that happened. It was a 496 00:25:08,440 --> 00:25:09,000 Speaker 2: long time. 497 00:25:10,080 --> 00:25:13,320 Speaker 1: And he makes the point that everybody wasn't pushing back 498 00:25:13,320 --> 00:25:15,520 Speaker 1: on the automobile. You know, how many people are gonna 499 00:25:15,560 --> 00:25:17,960 Speaker 1: die from this? And what about all the jobs that 500 00:25:18,000 --> 00:25:20,199 Speaker 1: are going to be lost from people that farm with 501 00:25:20,280 --> 00:25:21,960 Speaker 1: horses and this and that and all. 502 00:25:21,880 --> 00:25:24,240 Speaker 2: These different things. It's going to destroy these interesting No, 503 00:25:24,359 --> 00:25:24,720 Speaker 2: we just. 504 00:25:24,720 --> 00:25:27,760 Speaker 1: Plowed ahead with this new invention that was super cool 505 00:25:27,760 --> 00:25:29,720 Speaker 1: and it was the latest technology, and we just full 506 00:25:29,760 --> 00:25:30,359 Speaker 1: steam ahead. 507 00:25:30,520 --> 00:25:31,280 Speaker 2: For example, on. 508 00:25:31,240 --> 00:25:33,919 Speaker 1: The danger of it, the peak of highway deads. I 509 00:25:33,960 --> 00:25:36,480 Speaker 1: did the research on this yesterday. It was in nineteen seventy. 510 00:25:36,520 --> 00:25:39,000 Speaker 1: I think it was about fifty eight thousand deads. With 511 00:25:39,080 --> 00:25:42,520 Speaker 1: a much smaller population, that'd be the equivalent of ninety 512 00:25:42,560 --> 00:25:47,560 Speaker 1: five thousand highway deaths today. We were willing to put 513 00:25:47,640 --> 00:25:51,280 Speaker 1: up with in nineteen seventy because we just thought the 514 00:25:51,320 --> 00:25:54,320 Speaker 1: technology was important enough, it changed our lives enough in 515 00:25:54,359 --> 00:25:55,240 Speaker 1: a positive way. 516 00:25:55,840 --> 00:25:58,800 Speaker 2: We were just plowing forward. That's the way we used 517 00:25:58,840 --> 00:25:59,520 Speaker 2: to look at things. 518 00:26:00,200 --> 00:26:02,320 Speaker 4: Yeah, I'm tempted to go off on a tangent about 519 00:26:02,359 --> 00:26:05,959 Speaker 4: safetyism and how our acceptance that humans live and then 520 00:26:06,000 --> 00:26:09,760 Speaker 4: they die and perhaps there's a better place afterward has 521 00:26:09,800 --> 00:26:10,479 Speaker 4: given way too. 522 00:26:10,760 --> 00:26:12,000 Speaker 5: We've got to prolong. 523 00:26:11,680 --> 00:26:14,760 Speaker 4: Our lives as long as possible, no matter what it 524 00:26:14,960 --> 00:26:16,840 Speaker 4: costs culturally speaking. 525 00:26:16,880 --> 00:26:18,360 Speaker 5: But back to you, But here. 526 00:26:18,320 --> 00:26:21,119 Speaker 1: Was an invention that was clearly going to kill lots 527 00:26:21,160 --> 00:26:23,359 Speaker 1: of people, and the data was there right in front 528 00:26:23,359 --> 00:26:25,879 Speaker 1: of us that it was killing lots of people for 529 00:26:25,960 --> 00:26:28,040 Speaker 1: a long time. I mean, there were lots of highway 530 00:26:28,080 --> 00:26:31,000 Speaker 1: deads in the fifties and the sixties. We kept moving forward. 531 00:26:31,040 --> 00:26:35,680 Speaker 1: We're faster and more powerful cars, and it wasn't people 532 00:26:35,680 --> 00:26:36,560 Speaker 1: afraid to get in them. 533 00:26:36,560 --> 00:26:38,600 Speaker 2: And then, like I said, the what will this do 534 00:26:38,760 --> 00:26:39,880 Speaker 2: to society? Blah blah. 535 00:26:40,000 --> 00:26:42,359 Speaker 1: I mean, there were those articles, you can find them, 536 00:26:42,359 --> 00:26:46,560 Speaker 1: they're hilarious. But we plowed forward, and then a lot 537 00:26:46,600 --> 00:26:49,959 Speaker 1: of the nay saying about AI now fits in with 538 00:26:50,000 --> 00:26:52,080 Speaker 1: our safety ism. I don't know if I fully buy 539 00:26:52,080 --> 00:26:54,560 Speaker 1: this argument, because I think AI is going to doom 540 00:26:54,600 --> 00:26:57,240 Speaker 1: us and it'll be the end of society and the 541 00:26:57,320 --> 00:26:59,200 Speaker 1: end of mankind and all these different sorts of things. 542 00:26:59,600 --> 00:27:01,600 Speaker 2: But there's no doubt we have a safety asm. 543 00:27:01,480 --> 00:27:06,119 Speaker 1: Problem in the country and any modern invention now if 544 00:27:06,160 --> 00:27:08,399 Speaker 1: you tried to get the car, for instance, going now, 545 00:27:08,520 --> 00:27:11,800 Speaker 1: there'd be so much pushback around the danger and the 546 00:27:11,920 --> 00:27:14,560 Speaker 1: changes to our economy and we probably shouldn't. We're more 547 00:27:14,640 --> 00:27:17,880 Speaker 1: of a probably shouldn't society now than we were back 548 00:27:17,880 --> 00:27:18,280 Speaker 1: in the day. 549 00:27:18,680 --> 00:27:19,639 Speaker 2: There's no doubt about it. 550 00:27:20,080 --> 00:27:28,440 Speaker 4: My favorite saying safety, third, innovation, adventure, then safety. Anyway, 551 00:27:28,920 --> 00:27:31,560 Speaker 4: word from our friends at Prize Picks. Did you know 552 00:27:31,600 --> 00:27:34,159 Speaker 4: that they have these player call outs where they feature 553 00:27:34,200 --> 00:27:36,480 Speaker 4: a particular player and it changes every single week. But 554 00:27:36,800 --> 00:27:38,840 Speaker 4: it's more or less a freebie. It's an easy one. 555 00:27:38,880 --> 00:27:41,480 Speaker 4: Their player stat projections are silly. It's easy to pick 556 00:27:41,560 --> 00:27:44,280 Speaker 4: more or less for instance. 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It's 578 00:28:37,320 --> 00:28:38,000 Speaker 4: good to be right. 579 00:28:38,440 --> 00:28:40,760 Speaker 1: I look forward to listening to the episode of the 580 00:28:40,760 --> 00:28:44,440 Speaker 1: podcast from the Last Invention where it gets to the accelerators. 581 00:28:45,280 --> 00:28:47,640 Speaker 1: Not the ones that think we need to accelerate just 582 00:28:47,680 --> 00:28:49,840 Speaker 1: to stay ahead of China, but the accelerators that think 583 00:28:49,840 --> 00:28:52,560 Speaker 1: it's gonna bring about the greatest time in human history. 584 00:28:52,880 --> 00:28:58,720 Speaker 2: I think those people are nuts, I mean, like crazy crazy. 585 00:28:58,640 --> 00:29:02,840 Speaker 1: Don't understand human nature at all nut so that they 586 00:29:02,880 --> 00:29:06,680 Speaker 1: think nobody's gonna have to work is going to lead 587 00:29:06,920 --> 00:29:08,080 Speaker 1: up to a positive outcome. 588 00:29:08,120 --> 00:29:10,800 Speaker 2: I couldn't I couldn't disagree with you. 589 00:29:11,000 --> 00:29:15,400 Speaker 4: Not specifically address that concern about human nature and idle 590 00:29:15,440 --> 00:29:17,280 Speaker 4: hands and the rest of it, then they need to 591 00:29:17,280 --> 00:29:17,760 Speaker 4: go to hell. 592 00:29:18,080 --> 00:29:19,920 Speaker 5: I mean, that's ridiculous. It's like rent. 593 00:29:19,640 --> 00:29:22,280 Speaker 4: Control, which you were talking about earlier, not addressing the 594 00:29:22,320 --> 00:29:25,800 Speaker 4: constriction of supply. If you don't If you don't address that, 595 00:29:25,840 --> 00:29:28,960 Speaker 4: you're a crackpot. I'm not gonna waste ten seconds listening 596 00:29:28,960 --> 00:29:29,200 Speaker 4: to you. 597 00:29:29,400 --> 00:29:31,360 Speaker 2: Yeah, they just don't believe it. 598 00:29:31,440 --> 00:29:35,800 Speaker 1: So it's you've used this example before among like some 599 00:29:35,840 --> 00:29:40,320 Speaker 1: of your super smart libertarians. The reason they think their 600 00:29:40,600 --> 00:29:43,600 Speaker 1: version of government would work is they think everybody's like them. 601 00:29:44,000 --> 00:29:47,360 Speaker 1: They think everybody's super smart, motivated to do the right thing, 602 00:29:47,560 --> 00:29:48,440 Speaker 1: et cetera, et cetera. 603 00:29:48,640 --> 00:29:51,600 Speaker 4: If everybody is like self motivated, they'll always stay busy 604 00:29:51,640 --> 00:29:54,400 Speaker 4: and go get it, because that's how human beings behave. 605 00:29:54,640 --> 00:29:56,800 Speaker 1: And I think a lot of the AI accelerators they 606 00:29:56,840 --> 00:29:59,320 Speaker 1: have that problem too well. I if I had more 607 00:29:59,360 --> 00:30:01,560 Speaker 1: free time, I would learn to play the piano. I 608 00:30:01,560 --> 00:30:03,600 Speaker 1: would travel the world, I would write a symphony. I 609 00:30:03,600 --> 00:30:05,800 Speaker 1: would do all these different sorts of things. That's not 610 00:30:06,000 --> 00:30:08,840 Speaker 1: the average person. Maybe you would if you had lots 611 00:30:08,880 --> 00:30:11,480 Speaker 1: of free time. The average person's gonna sit around, get 612 00:30:11,520 --> 00:30:13,200 Speaker 1: fat and do drugs. 613 00:30:13,960 --> 00:30:19,360 Speaker 4: Two things to that point coming up next, an argument 614 00:30:19,400 --> 00:30:23,440 Speaker 4: about capitalism. The free market ripped from my very life 615 00:30:23,440 --> 00:30:27,120 Speaker 4: within the last twenty four hours. And then you mentioned 616 00:30:27,120 --> 00:30:29,360 Speaker 4: the Dispatch and it reminded me because they have Trump 617 00:30:29,440 --> 00:30:34,920 Speaker 4: derangement syndrome, is or should Trump derangement syndrome now be 618 00:30:35,000 --> 00:30:38,120 Speaker 4: a recognized psychological problem. 619 00:30:38,280 --> 00:30:39,160 Speaker 2: Wow, that's a good question. 620 00:30:39,160 --> 00:30:40,600 Speaker 5: The answer is clearly yes. 621 00:30:41,520 --> 00:30:44,280 Speaker 4: And I've got this great stuff written by a psychiatrist 622 00:30:44,320 --> 00:30:44,680 Speaker 4: about it. 623 00:30:44,760 --> 00:30:45,280 Speaker 5: Wow. 624 00:30:45,440 --> 00:30:46,600 Speaker 2: That is interesting. 625 00:30:46,760 --> 00:30:48,160 Speaker 5: It's like a real thing. 626 00:30:48,400 --> 00:30:51,720 Speaker 2: I think it's provably Yes. Yeah, okay, stay tuned. 627 00:30:51,440 --> 00:30:51,760 Speaker 5: For all that. 628 00:30:56,280 --> 00:30:59,840 Speaker 8: China and Japan they are locked into this escalating dispute 629 00:30:59,840 --> 00:31:02,959 Speaker 8: over Taiwan. It's prompted the Chinese government to warn its 630 00:31:02,960 --> 00:31:06,400 Speaker 8: citizens against traveling in Japan. And now what we have 631 00:31:06,480 --> 00:31:09,479 Speaker 8: is the governments in Japan and Taiwan are now issuing 632 00:31:09,520 --> 00:31:12,640 Speaker 8: warnings of their own. And the trigger all of this was, 633 00:31:12,680 --> 00:31:14,920 Speaker 8: of course, those comments by the Japanese Prime Minister to 634 00:31:14,920 --> 00:31:17,920 Speaker 8: Parliament earlier this month when she was answering a question 635 00:31:18,240 --> 00:31:20,880 Speaker 8: and said that a Chinese invasion in Taiwan would be 636 00:31:20,920 --> 00:31:25,840 Speaker 8: an existential threat to Japan and could spark a military 637 00:31:25,880 --> 00:31:28,400 Speaker 8: response that infuriated China. 638 00:31:28,840 --> 00:31:33,000 Speaker 4: Well as Stewie you Kin woke up infuriated back to you. 639 00:31:33,080 --> 00:31:36,520 Speaker 1: As Stuie Griffin, a family guy, once said, world keeps spinning. 640 00:31:37,200 --> 00:31:39,520 Speaker 1: We can talk about Epstein all we want, but. 641 00:31:39,880 --> 00:31:42,160 Speaker 2: You got that out there. Now, that's reality. 642 00:31:43,120 --> 00:31:45,360 Speaker 5: Two things. Number one, I have a tie into that. 643 00:31:45,880 --> 00:31:48,760 Speaker 4: It occurs to me as I was structuring what we're 644 00:31:48,800 --> 00:31:51,080 Speaker 4: going to talk about that I really need more time 645 00:31:51,120 --> 00:31:52,080 Speaker 4: than we have in this segment. 646 00:31:52,120 --> 00:31:53,400 Speaker 5: So why don't we do it hour four. 647 00:31:53,640 --> 00:31:55,840 Speaker 4: If you don't get our four, grab it via podcast, 648 00:31:55,880 --> 00:31:57,800 Speaker 4: you got to subscribe to Armstrung and getting on demand. 649 00:31:59,760 --> 00:32:04,640 Speaker 4: Great unintended consequence of the super secure American security umbrella 650 00:32:04,880 --> 00:32:10,440 Speaker 4: for seventy five years is that you've got enormous potential 651 00:32:11,800 --> 00:32:20,800 Speaker 4: bulk military, socio economic bulk in Japan, Taiwan, the Philippines, 652 00:32:21,480 --> 00:32:25,840 Speaker 4: South Korea, handful of other countries in the Pacific region 653 00:32:26,040 --> 00:32:28,959 Speaker 4: that could be a hell of a good counterbalance to China. 654 00:32:29,400 --> 00:32:33,680 Speaker 4: But they've been kind of dependent, and that's weirdly a 655 00:32:33,800 --> 00:32:35,280 Speaker 4: tying to what I wanted to talk about about the 656 00:32:35,280 --> 00:32:37,640 Speaker 4: free market in the I promised you, you know, the 657 00:32:37,640 --> 00:32:40,200 Speaker 4: incident rip from my very life in the last twenty 658 00:32:40,240 --> 00:32:44,320 Speaker 4: four hours. So we've mentioned we have people working around 659 00:32:44,320 --> 00:32:47,080 Speaker 4: our house a lot. We've done this major, major remodel, 660 00:32:47,120 --> 00:32:51,880 Speaker 4: practically rebuilt house. One of the guys who's been on 661 00:32:51,960 --> 00:32:55,120 Speaker 4: site a lot, who I was fairly friendly with, and 662 00:32:55,640 --> 00:32:59,440 Speaker 4: it was a good worker. He started just not showing 663 00:32:59,520 --> 00:33:04,440 Speaker 4: up and given bull less excuses to his supervisor, the foreman, 664 00:33:05,280 --> 00:33:08,440 Speaker 4: and I was surprised by that. But it got to 665 00:33:08,480 --> 00:33:11,960 Speaker 4: be ridiculous this week. And so, I mean it was 666 00:33:12,000 --> 00:33:17,480 Speaker 4: one of the classic jackual recog Now everybody will recognized this. Yeah, 667 00:33:17,520 --> 00:33:22,680 Speaker 4: what was the first one? Oh, my alarm wasn't set 668 00:33:22,760 --> 00:33:26,960 Speaker 4: right and I overslept. Okay, next day, Yeah, my tire 669 00:33:27,000 --> 00:33:29,520 Speaker 4: went flat and my phone went dead the same day. 670 00:33:29,560 --> 00:33:32,120 Speaker 4: That's the reason I wasn't answering your text or calls. 671 00:33:32,360 --> 00:33:34,160 Speaker 4: I don't know what happened. My phone went dead. 672 00:33:34,800 --> 00:33:37,520 Speaker 2: All those can happen, but when they happened multiple days 673 00:33:37,520 --> 00:33:37,880 Speaker 2: in a row. 674 00:33:38,560 --> 00:33:43,000 Speaker 4: Yeah, And so his employment was ended and I was 675 00:33:43,040 --> 00:33:47,479 Speaker 4: discussing his with his supervisor. The fact that it is 676 00:33:47,560 --> 00:33:50,840 Speaker 4: so clearly heading toward a situation where he will be 677 00:33:51,760 --> 00:33:55,880 Speaker 4: on the dole, he will be the underprivileged, he will 678 00:33:56,880 --> 00:33:59,840 Speaker 4: need social Aid, and I will be told repeatedly that 679 00:34:00,080 --> 00:34:03,600 Speaker 4: I should pay my fair share because he is disadvantaged, 680 00:34:04,400 --> 00:34:08,520 Speaker 4: having made stupid decision after stupid decision. 681 00:34:11,000 --> 00:34:12,800 Speaker 2: And the ability i'd be gainfully employed. 682 00:34:13,880 --> 00:34:16,319 Speaker 4: When was the last time in a discussion of the 683 00:34:16,360 --> 00:34:21,879 Speaker 4: haves and have nots you heard factored in the decisions 684 00:34:21,960 --> 00:34:22,439 Speaker 4: you make? 685 00:34:23,160 --> 00:34:25,359 Speaker 2: Never? Never, I bring bring it up all the time. 686 00:34:25,440 --> 00:34:26,200 Speaker 2: Drives me nuts. 687 00:34:26,440 --> 00:34:28,520 Speaker 4: Oh oh, it ought to drive you nuts. It's like 688 00:34:28,800 --> 00:34:31,920 Speaker 4: they're talking about I don't know, rockets without discussing fuel 689 00:34:32,440 --> 00:34:36,640 Speaker 4: or or you know, the engines. It's it's absurd, which 690 00:34:36,760 --> 00:34:39,080 Speaker 4: just goes to show you that haves and have nots 691 00:34:39,160 --> 00:34:42,840 Speaker 4: thing is politically useful. You can get it to wrench 692 00:34:42,960 --> 00:34:45,279 Speaker 4: money out of people that then you spread out to 693 00:34:45,320 --> 00:34:48,440 Speaker 4: your cronies, not that there's no need. You know, As 694 00:34:48,480 --> 00:34:51,239 Speaker 4: I've said many times, the essence of politics is you 695 00:34:51,320 --> 00:34:56,840 Speaker 4: have completely real needs, you have kind of half real needs, 696 00:34:57,000 --> 00:34:59,200 Speaker 4: then you have completely fictional needs, and. 697 00:34:59,239 --> 00:35:01,640 Speaker 5: Politicians put all of those in front. 698 00:35:01,440 --> 00:35:04,719 Speaker 4: Of you and explain why that those things mean we 699 00:35:04,760 --> 00:35:07,239 Speaker 4: need more tax money, and then we'll spend that money 700 00:35:07,320 --> 00:35:10,400 Speaker 4: to solve those needs, fulfill those needs. And that's the 701 00:35:10,440 --> 00:35:11,959 Speaker 4: scam because a lot of it's fake. 702 00:35:12,520 --> 00:35:14,960 Speaker 2: Now I would be against this as a libertarian, although we. 703 00:35:16,640 --> 00:35:19,160 Speaker 1: If you're gonna live in a with a welfare state, 704 00:35:19,239 --> 00:35:20,879 Speaker 1: you got to have this sort of stuff at age 705 00:35:20,920 --> 00:35:23,040 Speaker 1: sixty five. There should be an accounting of how you 706 00:35:23,040 --> 00:35:25,319 Speaker 1: spent your whole life, and then they determine how much 707 00:35:25,320 --> 00:35:27,040 Speaker 1: money you get of other people's money. 708 00:35:27,280 --> 00:35:29,280 Speaker 2: And if it looks like, you know, you bought. 709 00:35:29,040 --> 00:35:32,520 Speaker 1: A new car every two years, didn't like driving used cars, okay, fine, 710 00:35:32,760 --> 00:35:35,280 Speaker 1: Like the vacations huh, like floorum. 711 00:35:34,960 --> 00:35:37,839 Speaker 2: Dell, a lot of stuff, well, okay, cool, But this 712 00:35:37,880 --> 00:35:39,640 Speaker 2: is how much money you get from other tax pamers. 713 00:35:39,719 --> 00:35:41,759 Speaker 1: Oh, you saved your money your whole life, and you 714 00:35:41,800 --> 00:35:44,440 Speaker 1: have more money because you you drove your cars longer, 715 00:35:44,600 --> 00:35:47,560 Speaker 1: you didn't travel, and maybe. 716 00:35:47,680 --> 00:35:51,600 Speaker 4: Your entire savings were wiped out by some medical catastrophe. Okay, 717 00:35:52,280 --> 00:35:54,320 Speaker 4: that's fine, We're not talking about you. You know, in 718 00:35:54,640 --> 00:35:59,920 Speaker 4: in like lawsuits, it's called contributory negligence. How much did 719 00:35:59,920 --> 00:36:07,160 Speaker 4: you contribute to the situation you are in that need overwhelmingly, Well. 720 00:36:07,040 --> 00:36:09,520 Speaker 5: Then why are you looking at at the taxpayers. 721 00:36:10,880 --> 00:36:14,840 Speaker 4: There's no stupid insurance paid for by taxpayers anyway, a 722 00:36:14,920 --> 00:36:17,359 Speaker 4: defensive capitalism, and you've gotten a hint of the shape 723 00:36:17,360 --> 00:36:21,440 Speaker 4: it takes. And is Trump arrangement syndrome an actual psychological problem. 724 00:36:21,520 --> 00:36:22,560 Speaker 5: We'll have that next hour 725 00:36:24,840 --> 00:36:26,000 Speaker 4: Armstrong and Getty