1 00:00:10,240 --> 00:00:14,480 Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio the George 2 00:00:14,600 --> 00:00:18,560 Speaker 1: Washington Broadcast Center, Jack Armstrong and Joe, Katty. 3 00:00:18,560 --> 00:00:25,640 Speaker 2: Arm Strong and get Kiki and Keee Armstrong and Getty 4 00:00:25,720 --> 00:00:26,319 Speaker 2: Strong And. 5 00:00:31,120 --> 00:00:33,600 Speaker 3: No, we're not working on Christmas Eve. We worked really 6 00:00:33,640 --> 00:00:35,879 Speaker 3: hard to get it in our contract that we wouldn't 7 00:00:35,920 --> 00:00:37,720 Speaker 3: be working today, So you're not hearing us. 8 00:00:37,840 --> 00:00:41,560 Speaker 1: Love, I'd hate to make both Jesus and Santa Claus angry. 9 00:00:41,760 --> 00:00:44,040 Speaker 1: So yes, we're taking the day off. But hope you're 10 00:00:44,159 --> 00:00:48,040 Speaker 1: enjoying some really good A and G replays. Dig In 11 00:00:48,400 --> 00:00:51,400 Speaker 1: Harry Christmas. I Am Cole Jr. A thirty year old 12 00:00:51,400 --> 00:00:54,440 Speaker 1: white man from the DC suburbs, is charged with transporting 13 00:00:54,760 --> 00:00:59,639 Speaker 1: an explosive device in interstate commerce and with malicious destruction. 14 00:01:00,560 --> 00:01:04,280 Speaker 1: Why Jake Tapper said the bomber was a white man 15 00:01:04,319 --> 00:01:07,760 Speaker 1: when he's clearly a black man. Nobody's quite sure. It 16 00:01:07,800 --> 00:01:11,280 Speaker 1: was an odd moment. Did Jake ad live that? Was 17 00:01:11,319 --> 00:01:14,200 Speaker 1: it written for him? We don't know, And it has 18 00:01:14,280 --> 00:01:17,240 Speaker 1: nothing to do with this segment's topic. But it's an 19 00:01:17,240 --> 00:01:23,240 Speaker 1: opportunity to kick Jake Tapper in CNN. So having administered 20 00:01:23,240 --> 00:01:25,840 Speaker 1: that kicking, I just I didn't want too many segments 21 00:01:25,880 --> 00:01:28,360 Speaker 1: to go by without getting back to that A word 22 00:01:28,360 --> 00:01:33,240 Speaker 1: about the climate scam. Is the climate changing? Yes, of 23 00:01:33,240 --> 00:01:35,880 Speaker 1: course it is. The climate's always changing. Is it man 24 00:01:35,920 --> 00:01:37,840 Speaker 1: made or man cost Ye? In part probably so. 25 00:01:38,040 --> 00:01:38,360 Speaker 2: Yeah. 26 00:01:38,760 --> 00:01:42,039 Speaker 1: Is it worth spending trillions and trillions of dollars on 27 00:01:42,200 --> 00:01:45,959 Speaker 1: insufficient technologies that won't do any good and will decimate economies? 28 00:01:46,319 --> 00:01:51,120 Speaker 2: Good lord? No, Yeah, say what you want. 29 00:01:51,160 --> 00:01:53,200 Speaker 1: Al you got fat and rich on this stuff, and 30 00:01:53,280 --> 00:01:55,400 Speaker 1: I you know, I admire your cleverness you got in 31 00:01:55,400 --> 00:01:56,320 Speaker 1: early on the scam. 32 00:01:56,800 --> 00:01:57,880 Speaker 2: But some great coverage. 33 00:01:58,120 --> 00:02:01,440 Speaker 1: I'm going to go from the Free Press to RedState 34 00:02:01,520 --> 00:02:04,720 Speaker 1: dot Com, to the Free Beacon, to the New York Times. 35 00:02:04,800 --> 00:02:08,360 Speaker 2: God help us, great piece in the press. 36 00:02:08,400 --> 00:02:10,280 Speaker 1: First, have you heard how by the end of the century, 37 00:02:10,320 --> 00:02:13,320 Speaker 1: climate change will cut the world's economic output by two thirds? 38 00:02:13,720 --> 00:02:17,080 Speaker 1: Big giant paper in the journal Nature came out not 39 00:02:17,160 --> 00:02:21,440 Speaker 1: long ago. Two thirds of the world's economic output will 40 00:02:21,440 --> 00:02:24,959 Speaker 1: be eliminated. How Australia's great Barrier Rape, one of the 41 00:02:25,080 --> 00:02:27,600 Speaker 1: natural wonders of the world, is disappearing. How the island 42 00:02:27,680 --> 00:02:30,280 Speaker 1: nations of the Pacific are sinking into the sea. If 43 00:02:30,320 --> 00:02:32,960 Speaker 1: you've even glanced at reporting on climate change, you've heard 44 00:02:33,000 --> 00:02:34,840 Speaker 1: all of these things and more. It's always a minute 45 00:02:34,840 --> 00:02:38,560 Speaker 1: to midnight, and we're looking at the barren desert of 46 00:02:38,600 --> 00:02:42,080 Speaker 1: the world, where humanity's last stragglers will scrape for seeds 47 00:02:42,120 --> 00:02:42,480 Speaker 1: in the. 48 00:02:42,400 --> 00:02:44,640 Speaker 2: Grid of the hot wind. That's some good writing. I 49 00:02:44,760 --> 00:02:45,000 Speaker 2: like that. 50 00:02:45,639 --> 00:02:49,040 Speaker 1: But these grim predictions are almost always based on crappy science. 51 00:02:49,880 --> 00:02:51,519 Speaker 1: And while we hear a great deal about the cost 52 00:02:51,560 --> 00:02:53,640 Speaker 1: of climate change, we hear far less about the cost 53 00:02:53,680 --> 00:02:57,280 Speaker 1: of climate hysteria, both the direct financial costs of all 54 00:02:57,320 --> 00:02:59,160 Speaker 1: the programs meant to save us from it and the 55 00:02:59,280 --> 00:03:02,639 Speaker 1: damage it flicked on the proper practice of science, which 56 00:03:02,680 --> 00:03:05,120 Speaker 1: I thought was a great point, and I'd love to 57 00:03:06,360 --> 00:03:08,120 Speaker 1: I'd love to go deep on that pot. You know, 58 00:03:08,639 --> 00:03:10,800 Speaker 1: you know, we got it to move on, always, the 59 00:03:11,400 --> 00:03:15,480 Speaker 1: never ending hurtling forward. So the leading science journal Nature 60 00:03:15,919 --> 00:03:20,560 Speaker 1: two days ago retracted a paper that had made enormous 61 00:03:20,639 --> 00:03:25,160 Speaker 1: impact on the climate science world. It claimed that climate 62 00:03:25,240 --> 00:03:28,639 Speaker 1: change will reduce global economic output by sixty two percent 63 00:03:28,919 --> 00:03:32,000 Speaker 1: by the end of the century. It was, as the 64 00:03:32,120 --> 00:03:36,360 Speaker 1: Washington Post reported, the second most cited climate paper of 65 00:03:36,400 --> 00:03:39,560 Speaker 1: the year and the one that helped define the debate. 66 00:03:40,960 --> 00:03:43,119 Speaker 1: But when skeptical researchers took a look at the math. 67 00:03:43,160 --> 00:03:45,640 Speaker 1: They found that the underlying data indicated not a sixty 68 00:03:45,680 --> 00:03:48,839 Speaker 1: two percent loss, but maybe a twenty three percent loss. 69 00:03:49,400 --> 00:03:51,080 Speaker 1: And by twenty fifty it wasn't going to be a 70 00:03:51,080 --> 00:03:53,280 Speaker 1: twenty percent loss of economic activity. 71 00:03:53,400 --> 00:03:55,120 Speaker 2: It was barely going to be six percent. 72 00:03:55,600 --> 00:03:58,560 Speaker 3: Michael, can you play the door open? Hey, everybody, I'm back, 73 00:03:59,080 --> 00:04:01,680 Speaker 3: check's back. I'd left a few minutes ago. My son 74 00:04:01,720 --> 00:04:03,920 Speaker 3: is in the hospital, and the hospital called, and uh, 75 00:04:04,920 --> 00:04:06,760 Speaker 3: I don't know what your experience has been, mine has been. 76 00:04:06,760 --> 00:04:08,280 Speaker 3: If you don't take those calls when you get him, 77 00:04:08,320 --> 00:04:10,200 Speaker 3: it is going to be really, really, really hard to 78 00:04:10,240 --> 00:04:11,560 Speaker 3: talk to that doctor later. 79 00:04:11,720 --> 00:04:13,680 Speaker 1: Oh yeah, you could get the president on the line 80 00:04:13,720 --> 00:04:15,920 Speaker 1: more quickly than you could get that doctor on the one. 81 00:04:15,920 --> 00:04:17,760 Speaker 3: And I always like how they they if they do 82 00:04:17,839 --> 00:04:19,360 Speaker 3: leave you message, I shall call me back. 83 00:04:19,480 --> 00:04:22,680 Speaker 2: We missed you? Yeah, I'd like to what number. 84 00:04:23,800 --> 00:04:25,680 Speaker 1: Oh no, I wasn't. I wasn't implying that I would 85 00:04:25,680 --> 00:04:27,479 Speaker 1: ever pick up or talk to you. You should just 86 00:04:27,520 --> 00:04:29,080 Speaker 1: call me back. Yeah. 87 00:04:29,120 --> 00:04:31,599 Speaker 3: Anyway, So we're talking about climate change, if I remember 88 00:04:31,640 --> 00:04:33,240 Speaker 3: it correctly, well, yeah, right. 89 00:04:33,160 --> 00:04:36,000 Speaker 1: And this writer makes a great point. I think that 90 00:04:36,920 --> 00:04:39,080 Speaker 1: these numbers may have already made your eyes glaze over. 91 00:04:39,120 --> 00:04:40,920 Speaker 1: And that's part of the point in climate science, so 92 00:04:40,960 --> 00:04:43,080 Speaker 1: you're not supposed to look too closely at the details. 93 00:04:43,360 --> 00:04:46,400 Speaker 1: For too many researchers, the goal the researchers, the goal 94 00:04:46,440 --> 00:04:51,000 Speaker 1: is to produce the biggest numbers and galvanize action. And 95 00:04:51,040 --> 00:04:54,400 Speaker 1: then when peers check their work closely, they often find howlers. 96 00:04:55,640 --> 00:04:58,000 Speaker 1: In the Nature paper, a series of dead erars linked 97 00:04:58,000 --> 00:05:02,040 Speaker 1: to temperature in Uzbekistan up peers to have tripled the projections, 98 00:05:02,480 --> 00:05:04,680 Speaker 1: and then they go into the bleaching of the Great 99 00:05:04,720 --> 00:05:07,880 Speaker 1: Barrier reef and all this other stuff that's just not happening. 100 00:05:08,640 --> 00:05:11,520 Speaker 1: And man, one of the best pieces of journalism I've 101 00:05:11,560 --> 00:05:13,800 Speaker 1: read on this recently was a Wall Street journal on Tuesday. 102 00:05:13,839 --> 00:05:16,560 Speaker 1: We talked about this, talking about the price of Europe's 103 00:05:16,600 --> 00:05:20,680 Speaker 1: green energy overhaul and how they were told it would 104 00:05:20,800 --> 00:05:26,080 Speaker 1: lower costs, save the environment, and stimulate the economy and 105 00:05:26,200 --> 00:05:30,120 Speaker 1: costs of skyrocket. It wrecked the economy and done as 106 00:05:30,160 --> 00:05:34,960 Speaker 1: worth a good anyway. The good folks at RedState dot 107 00:05:34,960 --> 00:05:39,600 Speaker 1: com pointing out this Nature retracting that paper. 108 00:05:40,279 --> 00:05:43,200 Speaker 3: Early two thousands, Tom Friedman in The New York Times 109 00:05:43,279 --> 00:05:45,680 Speaker 3: was really big on Ryton. So this early two thousands, 110 00:05:45,720 --> 00:05:47,320 Speaker 3: well you know, after Al Gore decided, well, I guess 111 00:05:47,320 --> 00:05:49,600 Speaker 3: I'm not going to be president. I'll become a billionaire 112 00:05:50,040 --> 00:05:52,640 Speaker 3: by getting involved in this whole climate thing. And Tom 113 00:05:52,680 --> 00:05:55,640 Speaker 3: Friedman used to write right column after column about the 114 00:05:56,440 --> 00:05:59,000 Speaker 3: green energy economy and how much money there is going 115 00:05:59,040 --> 00:06:00,720 Speaker 3: to be made, and now that's the future of the 116 00:06:00,720 --> 00:06:01,839 Speaker 3: world and everything like that. 117 00:06:01,920 --> 00:06:03,320 Speaker 2: Well, there was a lot of money. 118 00:06:03,040 --> 00:06:04,400 Speaker 1: To be made, and it was a future for a 119 00:06:04,400 --> 00:06:06,840 Speaker 1: lot of people, but it was a scam, and it 120 00:06:06,880 --> 00:06:10,920 Speaker 1: was taxpayer money primarily, and it didn't do any good. 121 00:06:11,880 --> 00:06:14,960 Speaker 1: They actually mentioned Bill Gates softening his language in October 122 00:06:15,000 --> 00:06:17,800 Speaker 1: at that COP thirty summit cut down on the doomsday rhetoric. 123 00:06:18,080 --> 00:06:20,720 Speaker 1: But Nature said in a statement on their website explaining 124 00:06:20,720 --> 00:06:23,560 Speaker 1: this retraction, the authors acknowledged that these changes are too 125 00:06:23,600 --> 00:06:27,400 Speaker 1: substantial for correction, leading to the retraction of the paper. 126 00:06:28,279 --> 00:06:30,520 Speaker 1: Their predictions are still of the we're all going to 127 00:06:30,640 --> 00:06:33,520 Speaker 1: die variety. However, even with the updated data, it's hard 128 00:06:33,520 --> 00:06:35,400 Speaker 1: to take what they say at face value when they 129 00:06:35,480 --> 00:06:37,560 Speaker 1: just screwed this one up so badly. In one of 130 00:06:37,600 --> 00:06:41,200 Speaker 1: the major scientific journals in the world. On the topic 131 00:06:41,560 --> 00:06:45,560 Speaker 1: of the journal Nature, which was like so many institutions 132 00:06:45,600 --> 00:06:48,760 Speaker 1: like the American Medical Association. The American Academy of Pediatrics 133 00:06:49,080 --> 00:06:52,440 Speaker 1: used to be respected, but now it's been captured by wocists. 134 00:06:53,240 --> 00:06:55,680 Speaker 1: There's a great story in the Free Beacon about this 135 00:06:56,680 --> 00:06:59,440 Speaker 1: professor at the University of Southern California and Ar Krylov, 136 00:06:59,480 --> 00:07:04,719 Speaker 1: who's an immigrant from Russian and a respected chemist, who 137 00:07:04,880 --> 00:07:10,000 Speaker 1: blew the whistle that Nature announced in October. This October 138 00:07:10,760 --> 00:07:15,320 Speaker 1: it was explicitly encouraging authors to include a citation diversity 139 00:07:15,360 --> 00:07:18,840 Speaker 1: statement in their articles. The statement would affirm that they 140 00:07:18,840 --> 00:07:21,040 Speaker 1: had made an effort to cite from a diverse group 141 00:07:21,080 --> 00:07:25,400 Speaker 1: of researchers and acknowledge citation and balances based on race 142 00:07:25,440 --> 00:07:25,960 Speaker 1: and gender. 143 00:07:26,560 --> 00:07:29,320 Speaker 3: Wow, so the world is going to come to an 144 00:07:29,480 --> 00:07:34,280 Speaker 3: end in your world because of climate change. But still 145 00:07:34,320 --> 00:07:36,760 Speaker 3: the most important thing before we can even take a 146 00:07:36,800 --> 00:07:39,320 Speaker 3: look at those numbers is making sure you have the 147 00:07:39,400 --> 00:07:47,120 Speaker 3: right ratio of male female, different skin colors and sex orientations. 148 00:07:47,360 --> 00:07:50,280 Speaker 2: Right, Yeah, still pridvertize that. That's hilarious. 149 00:07:50,360 --> 00:07:53,640 Speaker 1: I noticed there are no trans scientists cited in this study. 150 00:07:53,640 --> 00:07:55,720 Speaker 1: Can you go back please and work on it. Some 151 00:07:55,800 --> 00:07:59,520 Speaker 1: are Yeah, this is the journal Nature, which is utterly 152 00:07:59,600 --> 00:08:02,040 Speaker 1: a joke at this point, and good for Antacril, often 153 00:08:02,480 --> 00:08:03,680 Speaker 1: in blowing the whistle on it. 154 00:08:03,800 --> 00:08:05,760 Speaker 2: But that's kind of a sidelight. 155 00:08:06,000 --> 00:08:11,280 Speaker 1: So my final note on this is an absolutely head 156 00:08:11,480 --> 00:08:14,880 Speaker 1: slapping long piece in The New York Times. Who wrote 157 00:08:14,920 --> 00:08:20,200 Speaker 1: this tripe let's name names, let's see Lisa Friedman and 158 00:08:20,280 --> 00:08:24,360 Speaker 1: Stephen Lee Myers. It is a long article entitled many 159 00:08:24,400 --> 00:08:28,040 Speaker 1: fighting climate change worry they are losing the information war. 160 00:08:28,800 --> 00:08:33,320 Speaker 1: Shifting politics, intense lobbying and surging disinformation online have undermined 161 00:08:33,400 --> 00:08:35,439 Speaker 1: international efforts to respond. 162 00:08:35,000 --> 00:08:35,600 Speaker 2: To the threat. 163 00:08:37,720 --> 00:08:41,920 Speaker 1: And they go on paragraph after paragraph after paragraph explaining 164 00:08:41,960 --> 00:08:45,360 Speaker 1: why the bloom is off the climate change fighting rose, 165 00:08:46,040 --> 00:08:50,679 Speaker 1: and they never even not their tip their cap at 166 00:08:50,720 --> 00:08:54,079 Speaker 1: the notion that, well, as we've been explaining, the science 167 00:08:54,240 --> 00:09:00,000 Speaker 1: is crap. The technologies that have been adopted have been incredible, 168 00:09:00,200 --> 00:09:00,920 Speaker 1: expensive and. 169 00:09:02,480 --> 00:09:03,200 Speaker 2: Ineffective. 170 00:09:03,920 --> 00:09:08,160 Speaker 1: Mitigation is a much better answer, and taxpayers are realized 171 00:09:08,200 --> 00:09:12,040 Speaker 1: they've gotten hoed host They never even recognize that in 172 00:09:12,080 --> 00:09:16,160 Speaker 1: the giant New York Times article, and as Andrew follow 173 00:09:16,160 --> 00:09:21,599 Speaker 1: points out in The National Review, blaming messaging difficulties and 174 00:09:21,720 --> 00:09:26,160 Speaker 1: conservative misinformation for the movement's retreat, is exactly backward. The 175 00:09:26,200 --> 00:09:28,959 Speaker 1: New York Times recently told readers that declining worldwide interest 176 00:09:29,000 --> 00:09:31,720 Speaker 1: in global warming is due to an alleged shadowy conspiracy 177 00:09:31,840 --> 00:09:34,360 Speaker 1: by the oil, gas, and coal industries, which continue to 178 00:09:34,400 --> 00:09:37,800 Speaker 1: downplay the scientific consensus that the burning of fossil fuels 179 00:09:37,880 --> 00:09:41,200 Speaker 1: is dangerously heating the planet. The Gray Lady then goes 180 00:09:41,200 --> 00:09:43,400 Speaker 1: on to complain that Russia, Saudi Arabia, and of course 181 00:09:43,440 --> 00:09:47,360 Speaker 1: Donald Trump promoted disinformation on social media platforms quote that 182 00:09:47,400 --> 00:09:51,000 Speaker 1: have long been dismissed as conspiracy theories, and they blame 183 00:09:51,040 --> 00:09:53,840 Speaker 1: the misinformation for the failure of a recent global warming 184 00:09:54,240 --> 00:09:57,640 Speaker 1: summit in Brazil. Yet about the only thing the summit 185 00:09:57,679 --> 00:10:00,400 Speaker 1: could agree on was hating climate deniers, and they put 186 00:10:00,400 --> 00:10:04,319 Speaker 1: out a big statement about misinformation denialism and how governments 187 00:10:04,360 --> 00:10:06,960 Speaker 1: needed to attack that. In other words, all the world's 188 00:10:07,040 --> 00:10:10,920 Speaker 1: environmentalist minded politicians could do was make a statement encouraging 189 00:10:10,960 --> 00:10:14,280 Speaker 1: removing their political opposition from social media, and many of 190 00:10:14,280 --> 00:10:21,480 Speaker 1: the environmentalists among American academics and politicians agreed with them. 191 00:10:23,640 --> 00:10:26,840 Speaker 1: In terms of expenses, oh, the irony is that environmentalists 192 00:10:26,920 --> 00:10:31,679 Speaker 1: spend orders of magnitude more on what was caused disinformation 193 00:10:31,720 --> 00:10:35,640 Speaker 1: and corruption than their opposition. The largest US anti climate 194 00:10:35,720 --> 00:10:40,360 Speaker 1: alarmism think tanks are the libertarian Competitive Enterprise Institute the CI, 195 00:10:40,800 --> 00:10:44,040 Speaker 1: which spent eight point six million dollars last year total 196 00:10:44,120 --> 00:10:46,520 Speaker 1: on all of their programs eight point six and the 197 00:10:46,520 --> 00:10:50,000 Speaker 1: Heartland Institute, which spent three point seven million dollars again 198 00:10:50,160 --> 00:10:55,000 Speaker 1: on all of their causes, including anti climate change hysteria 199 00:10:55,120 --> 00:11:01,520 Speaker 1: in contrast, so that's a total of about fourteen million bucks. 200 00:11:01,760 --> 00:11:05,959 Speaker 1: In contrast, environmental groups are spectacularly well funded. Last year, 201 00:11:06,000 --> 00:11:08,640 Speaker 1: the Sierra Club spent one hundred and seventy three million 202 00:11:08,720 --> 00:11:13,360 Speaker 1: dollars alone, the National Resources Defense Council spent two hundred 203 00:11:13,360 --> 00:11:17,480 Speaker 1: and twenty million dollars, and Earth Justice spent one hundred 204 00:11:17,520 --> 00:11:21,439 Speaker 1: and fifty two million dollars funding which was almost exclusively 205 00:11:21,480 --> 00:11:23,600 Speaker 1: dedicated to energy or environmental issues. 206 00:11:24,800 --> 00:11:27,280 Speaker 2: So the so called disinformation. 207 00:11:26,600 --> 00:11:31,679 Speaker 1: Groups are our little ipusians compared to the herd of elephants, 208 00:11:32,080 --> 00:11:35,960 Speaker 1: which is the anti climate change spend trillions of dollars 209 00:11:36,240 --> 00:11:37,080 Speaker 1: lobbying groups. 210 00:11:38,600 --> 00:11:42,200 Speaker 3: So where do you think this is? Do you think 211 00:11:42,200 --> 00:11:45,640 Speaker 3: it's dying out? And like ten years from now, not 212 00:11:45,720 --> 00:11:49,320 Speaker 3: a lot of people will be talking about the threat 213 00:11:49,320 --> 00:11:51,240 Speaker 3: of climate change and trying to raise money for it 214 00:11:51,320 --> 00:11:52,440 Speaker 3: and get people all worked. 215 00:11:52,240 --> 00:11:55,480 Speaker 2: Up about it or so in ten years, here's where 216 00:11:55,480 --> 00:11:56,000 Speaker 2: we're going to be. 217 00:11:58,840 --> 00:12:02,840 Speaker 1: It's the way I started the segment, which is people 218 00:12:02,880 --> 00:12:04,560 Speaker 1: are going to realize a lot of the harem scarem 219 00:12:04,600 --> 00:12:07,480 Speaker 1: stuff is not true. A lot of the we have 220 00:12:07,559 --> 00:12:11,560 Speaker 1: to spend trillions of dollars was to profit cronies. A 221 00:12:11,600 --> 00:12:14,800 Speaker 1: lot of the measures that have been taken of decimated 222 00:12:14,840 --> 00:12:17,199 Speaker 1: economies and not really done any good. 223 00:12:18,320 --> 00:12:20,520 Speaker 2: And so they will. 224 00:12:19,920 --> 00:12:22,200 Speaker 1: The concentration will be and should be should always have 225 00:12:22,320 --> 00:12:28,079 Speaker 1: been actual advanced technologies that can provide energy without carbon 226 00:12:28,120 --> 00:12:31,960 Speaker 1: emissions nuclear for instance, and future technologies that we can't 227 00:12:31,960 --> 00:12:35,839 Speaker 1: even imagine. And mitigation. You know, I'm always saying cell 228 00:12:35,880 --> 00:12:40,080 Speaker 1: your park, buy some shorts. I'm only half kidding. Russia 229 00:12:40,120 --> 00:12:45,199 Speaker 1: and India and Singapore your third Indonesia, you're gigantic third 230 00:12:45,200 --> 00:12:48,440 Speaker 1: world countries that can barely feed their people. Are like, 231 00:12:48,480 --> 00:12:51,080 Speaker 1: wait a minute, you want me to kneecap my economy, 232 00:12:51,120 --> 00:12:54,280 Speaker 1: which we've barely got going in the name of climate change. 233 00:12:54,400 --> 00:12:57,760 Speaker 2: Screw that will build a Jetti or two to hold. 234 00:12:57,520 --> 00:13:00,439 Speaker 1: Back the water. We got to feed our people. That'll 235 00:13:00,440 --> 00:13:04,800 Speaker 1: be the emphasis mitigation. And you know what, honestly, ten 236 00:13:04,880 --> 00:13:07,960 Speaker 1: fifteen years from now, who knows we may discover something 237 00:13:08,000 --> 00:13:12,160 Speaker 1: new about the climate that says, oh, it turns out 238 00:13:12,200 --> 00:13:14,160 Speaker 1: the effect of this, it kind of double reverses, and 239 00:13:14,160 --> 00:13:15,080 Speaker 1: now we're getting colder. 240 00:13:15,200 --> 00:13:16,280 Speaker 2: Who knew? 241 00:13:16,480 --> 00:13:16,560 Speaker 1: So? 242 00:13:16,640 --> 00:13:19,520 Speaker 2: Yeah, mitigation smart investments. Always. 243 00:13:20,600 --> 00:13:22,800 Speaker 1: I wish I was on the take from the oil companies. 244 00:13:22,960 --> 00:13:25,600 Speaker 1: I could use the spend in cash, but I'm not. 245 00:13:25,679 --> 00:13:27,960 Speaker 1: This is just it's the truth as I see it, 246 00:13:27,960 --> 00:13:29,840 Speaker 1: and I'm pretty confident it's the truth. 247 00:13:29,920 --> 00:13:30,040 Speaker 4: Man. 248 00:13:30,040 --> 00:13:31,680 Speaker 3: It's gonna be hard for some of the diehards to 249 00:13:31,679 --> 00:13:33,920 Speaker 3: give up on it, Oh yeah, because it's like a 250 00:13:33,960 --> 00:13:35,880 Speaker 3: religion for them. And I don't mean they are I 251 00:13:35,880 --> 00:13:39,160 Speaker 3: don't mean people profiting from it, people that just personally 252 00:13:39,320 --> 00:13:41,199 Speaker 3: care so much about climate change. 253 00:13:41,800 --> 00:13:42,640 Speaker 2: Yeah. I heard a. 254 00:13:42,600 --> 00:13:46,040 Speaker 1: Great discussion of that, just more generally in terms of politics, 255 00:13:46,080 --> 00:13:50,840 Speaker 1: that people's politics is their identity now, and to convince 256 00:13:50,840 --> 00:13:54,559 Speaker 1: them that their politics are wrong is incredibly dislocating. It's 257 00:13:54,600 --> 00:13:59,160 Speaker 1: like finding out you're adopted or something. It's very difficult 258 00:13:59,200 --> 00:14:02,840 Speaker 1: for people to do. That's probably not healthy. 259 00:14:07,760 --> 00:14:10,040 Speaker 3: Have we ever talked about Universe twenty five before? I 260 00:14:10,040 --> 00:14:12,640 Speaker 3: feel like we probably have, But we've been doing this 261 00:14:12,760 --> 00:14:14,840 Speaker 3: radio show for thirty years, so it could have been 262 00:14:14,880 --> 00:14:15,280 Speaker 3: a long time. 263 00:14:15,640 --> 00:14:18,920 Speaker 2: Project twenty twenty five, right from Heritage. 264 00:14:18,960 --> 00:14:22,000 Speaker 3: Universe twenty five. It's a famous mouse experiment from back 265 00:14:22,040 --> 00:14:22,520 Speaker 3: in the day. 266 00:14:23,120 --> 00:14:25,680 Speaker 2: Oh right, yeah, go aheads. 267 00:14:26,720 --> 00:14:29,640 Speaker 3: Between nineteen sixty eight and nineteen seventy two, he studied 268 00:14:29,640 --> 00:14:35,160 Speaker 3: these mice. He created a mouse utopia experiment to see 269 00:14:35,160 --> 00:14:39,880 Speaker 3: what would happen. I think you'll see parallels to today 270 00:14:39,920 --> 00:14:45,360 Speaker 3: with these mice. The basic setup is the utopia. Utopia 271 00:14:45,440 --> 00:14:50,520 Speaker 3: included an enclosure with unlimited food, water, nesting materials, and 272 00:14:50,560 --> 00:14:51,359 Speaker 3: no predators. 273 00:14:51,440 --> 00:14:52,120 Speaker 2: For these mice. 274 00:14:52,800 --> 00:14:55,240 Speaker 3: He started with four breeding pairs and then let the 275 00:14:55,240 --> 00:15:00,120 Speaker 3: population develop naturally again food, weather, food, water protection, all 276 00:15:00,160 --> 00:15:03,880 Speaker 3: your basic needs met and no predators. The population initially 277 00:15:03,920 --> 00:15:08,720 Speaker 3: Gi Wife fast streaming, exactly cool, Amazon Prime. 278 00:15:09,320 --> 00:15:09,520 Speaker 1: Yes. 279 00:15:09,640 --> 00:15:12,720 Speaker 3: The population initially grew exponentially, but at around day five 280 00:15:12,880 --> 00:15:15,640 Speaker 3: sixty the growth began to slow dramatically. 281 00:15:16,480 --> 00:15:20,080 Speaker 2: They stopped having little mice babies at a certain point. 282 00:15:21,000 --> 00:15:25,320 Speaker 3: Despite having physical space and resources, the mice developed behavioral pathologies. 283 00:15:26,200 --> 00:15:32,120 Speaker 3: Dominant males became extremely aggressive, Subordinate males withdrew completely. Some mice, 284 00:15:32,200 --> 00:15:35,760 Speaker 3: mostly males, completely disengaged from social life, only eating, drinking, 285 00:15:35,800 --> 00:15:40,800 Speaker 3: and grooming themselves obsessively. Female mice abandoned their young and 286 00:15:40,840 --> 00:15:45,760 Speaker 3: infant mortality skyrocketed. Wow, young mice never learned social and 287 00:15:45,840 --> 00:15:50,560 Speaker 3: mating behaviors from their parents, if you will, And by 288 00:15:50,680 --> 00:15:53,080 Speaker 3: six day, six hundred, no new mice were being born 289 00:15:53,120 --> 00:15:58,280 Speaker 3: in the population eventually went extinct. Now, as it says 290 00:15:58,280 --> 00:16:00,680 Speaker 3: here in the summary, people are not mice and mice 291 00:16:00,680 --> 00:16:01,560 Speaker 3: are not people. 292 00:16:02,960 --> 00:16:11,920 Speaker 2: Their point. Uh, come on now, Yeah. 293 00:16:10,600 --> 00:16:15,360 Speaker 1: I have known a handful of people who were completely 294 00:16:15,680 --> 00:16:19,200 Speaker 1: taken care of trust fund kids, that sort of person 295 00:16:21,320 --> 00:16:24,000 Speaker 1: and the vast majority of those stories do not have 296 00:16:24,280 --> 00:16:26,320 Speaker 1: joyful endings or descriptions. 297 00:16:26,440 --> 00:16:28,120 Speaker 3: No, but this is what I've been saying about. We 298 00:16:28,160 --> 00:16:29,960 Speaker 3: stopped having babies. This is what I've been thinking of 299 00:16:30,080 --> 00:16:33,480 Speaker 3: first world countries. We don't have any threats. We were 300 00:16:33,520 --> 00:16:35,160 Speaker 3: not going to be invaded by another country, and we 301 00:16:35,240 --> 00:16:37,840 Speaker 3: have our basic need needs met. Even if you got 302 00:16:37,840 --> 00:16:39,760 Speaker 3: people marching in the street because their house is not 303 00:16:39,800 --> 00:16:41,640 Speaker 3: as big as their neighbor's house or whatever it is, 304 00:16:41,960 --> 00:16:43,280 Speaker 3: our basic needs are being met. 305 00:16:43,320 --> 00:16:48,680 Speaker 2: And we're stopping getting together. We're starting to act weird. True. 306 00:16:48,960 --> 00:16:54,200 Speaker 1: Yeah, Well, and it's absolutely known scientifically that struggle raises 307 00:16:54,240 --> 00:16:58,400 Speaker 1: your testosterone and victory raises it even more. We're meant 308 00:16:58,440 --> 00:17:03,680 Speaker 1: to strive and fight, whether the literal battles or metaphorical battles, 309 00:17:03,720 --> 00:17:06,040 Speaker 1: and we're not meant to lay around to be comfortable 310 00:17:06,119 --> 00:17:07,120 Speaker 1: as beings. 311 00:17:07,440 --> 00:17:16,720 Speaker 4: Interesting, it's the arm Strong in Getty show. Strong councis 312 00:17:16,800 --> 00:17:17,520 Speaker 4: of the nation. 313 00:17:27,760 --> 00:17:30,800 Speaker 5: I'm watching the ratings. People are consuming less news right 314 00:17:30,840 --> 00:17:33,440 Speaker 5: now because they can't handle it. But what matters at 315 00:17:33,440 --> 00:17:35,960 Speaker 5: this point is that we're losing the ability to talk 316 00:17:36,040 --> 00:17:39,520 Speaker 5: to each other, losing civility, We're losing respect, and the 317 00:17:39,520 --> 00:17:41,800 Speaker 5: public is looking this insane thay, hell of all of it. 318 00:17:42,119 --> 00:17:43,800 Speaker 5: I don't want to hear you yelling at each other. 319 00:17:44,359 --> 00:17:46,600 Speaker 2: Interesting. That sounded like frank Luntz. 320 00:17:47,440 --> 00:17:50,400 Speaker 1: It was indeed Franklin's talking about why people don't watch 321 00:17:50,440 --> 00:17:52,720 Speaker 1: the news as much as they used to, although the 322 00:17:52,760 --> 00:17:55,680 Speaker 1: youngsters are getting their news quote unquote on TikTok, which 323 00:17:56,240 --> 00:17:59,119 Speaker 1: means they're getting Chinese propaganda and little else. 324 00:18:00,320 --> 00:18:01,360 Speaker 2: Yeah. Interesting. 325 00:18:01,920 --> 00:18:06,159 Speaker 1: Uh, And that's something we both were contemplating during the 326 00:18:06,240 --> 00:18:09,520 Speaker 1: time off and coming back. How much of the so 327 00:18:09,600 --> 00:18:13,320 Speaker 1: called news is actually just unimportant, rage baiting a lot 328 00:18:13,359 --> 00:18:17,639 Speaker 1: of it, and intentional controversy making for the clicks and 329 00:18:17,720 --> 00:18:18,960 Speaker 1: for the fundraising. 330 00:18:18,520 --> 00:18:21,879 Speaker 3: And pential and for a very small percentage of society's 331 00:18:21,880 --> 00:18:22,760 Speaker 3: paying attention to it. 332 00:18:23,200 --> 00:18:25,719 Speaker 1: Well, that's the thing I mean in talk radio, there 333 00:18:25,720 --> 00:18:27,040 Speaker 1: are a lot of people who make a hell of 334 00:18:27,080 --> 00:18:30,120 Speaker 1: a lot of money in the podcast world through doing that. 335 00:18:31,160 --> 00:18:33,280 Speaker 1: There's a lot of money to be made. We just 336 00:18:33,359 --> 00:18:35,280 Speaker 1: prefer not to. I think it's bad for your soul. 337 00:18:35,440 --> 00:18:38,840 Speaker 1: More on it to confer not to make money interesting. No, no, no, no, 338 00:18:39,080 --> 00:18:40,080 Speaker 1: I think you missed my point. 339 00:18:40,840 --> 00:18:44,840 Speaker 3: So I read about the trial and at the trim alone, 340 00:18:44,840 --> 00:18:46,120 Speaker 3: I just want to tell Michael because I know he's 341 00:18:46,160 --> 00:18:49,359 Speaker 3: keeping drack. Also, yeah, we're now at six straight weeks 342 00:18:49,440 --> 00:18:52,480 Speaker 3: of no soap in the men's bathroom in the mainstall. 343 00:18:52,720 --> 00:18:54,480 Speaker 2: Michael, I don't know if you're keeping DrAk. I will 344 00:18:54,480 --> 00:18:55,159 Speaker 2: bring soap in. 345 00:18:56,240 --> 00:18:58,760 Speaker 1: We got to scratch a hashmark in the wall, like 346 00:18:58,800 --> 00:18:59,439 Speaker 1: it's a prison. 347 00:19:00,320 --> 00:19:02,840 Speaker 3: I feel like the main I'm talking the big stall 348 00:19:02,840 --> 00:19:05,560 Speaker 3: where people do their main business. Right, you gotta have 349 00:19:05,680 --> 00:19:07,679 Speaker 3: soap there. There's been no soap for at least a 350 00:19:07,720 --> 00:19:09,800 Speaker 3: month and a half. It seems like a long time. 351 00:19:09,880 --> 00:19:12,520 Speaker 2: This is not dignified. I'm bringing soap in a bar 352 00:19:12,640 --> 00:19:13,080 Speaker 2: of soap. 353 00:19:14,080 --> 00:19:16,320 Speaker 1: Well, okay, so here's a question. I can tell you 354 00:19:16,359 --> 00:19:20,199 Speaker 1: it's absolute certainty. There was no soap in there, like 355 00:19:20,240 --> 00:19:24,320 Speaker 1: the last week of September. Was it refilled at any 356 00:19:24,400 --> 00:19:25,880 Speaker 1: point between then and now? 357 00:19:25,960 --> 00:19:30,600 Speaker 2: I don't think so. It's okay, all right, So there 358 00:19:30,640 --> 00:19:32,760 Speaker 2: you go months anyway? That awful. 359 00:19:35,000 --> 00:19:39,960 Speaker 1: What does the building management do? Exactly? Let's just start here. 360 00:19:40,040 --> 00:19:43,080 Speaker 1: What do you see as your jobs? 361 00:19:42,760 --> 00:19:47,959 Speaker 2: Boy? So the trilemma, here's what it is. 362 00:19:48,080 --> 00:19:50,600 Speaker 1: And I got this from a story that was called 363 00:19:50,720 --> 00:19:54,080 Speaker 1: is America headed for a debt crisis? Look abroad for answers, 364 00:19:54,440 --> 00:19:59,600 Speaker 1: and they highlight the pathetic and floundering British and French 365 00:20:00,960 --> 00:20:06,920 Speaker 1: are valued allies since WW two days, and they're talking 366 00:20:06,920 --> 00:20:10,360 Speaker 1: about the obvious situation where they have mounting debt problems. 367 00:20:10,400 --> 00:20:13,160 Speaker 1: But here's your Trialima. If you have too much debt, 368 00:20:13,200 --> 00:20:15,440 Speaker 1: the bond market hates it. 369 00:20:16,320 --> 00:20:17,000 Speaker 2: What do we care? 370 00:20:17,080 --> 00:20:20,440 Speaker 1: You say to yourself, Well, that's how the US finances 371 00:20:20,480 --> 00:20:23,000 Speaker 1: so much of its spending right now is we borrow money, 372 00:20:23,000 --> 00:20:26,600 Speaker 1: We sell bonds. And because it's the most safe bet 373 00:20:26,920 --> 00:20:29,360 Speaker 1: on the planet that the United States of America will 374 00:20:29,400 --> 00:20:35,719 Speaker 1: pay its debts, it's an extremely popular investment. The problem is, 375 00:20:36,600 --> 00:20:42,000 Speaker 1: as that great confidence in our debt service gets shakier, 376 00:20:42,960 --> 00:20:46,160 Speaker 1: the yields rise, the rates rise, the amount of interest 377 00:20:46,240 --> 00:20:50,840 Speaker 1: we must pay rises, So it matters from a budgetary 378 00:20:51,000 --> 00:20:54,240 Speaker 1: and tax point of view whether the bond market thinks, oh, 379 00:20:54,320 --> 00:20:57,320 Speaker 1: it's perfectly safe, or whether they're starting to think. 380 00:20:57,240 --> 00:20:59,000 Speaker 2: Man, they're running up a lot of debt. 381 00:20:59,560 --> 00:21:03,560 Speaker 1: And then the the second leg of the trilemma is 382 00:21:03,920 --> 00:21:05,600 Speaker 1: the is. 383 00:21:05,600 --> 00:21:06,639 Speaker 2: The budget itself. 384 00:21:06,800 --> 00:21:09,960 Speaker 1: I mean, you can't just spend yourself into oblivion, so 385 00:21:10,040 --> 00:21:13,840 Speaker 1: you have to be willing to make cuts at some 386 00:21:13,920 --> 00:21:17,680 Speaker 1: point or raise taxes. The third leg of the trilemma 387 00:21:17,760 --> 00:21:21,920 Speaker 1: is the voters, and again they highlight the voters in Britain, 388 00:21:22,320 --> 00:21:27,399 Speaker 1: especially well France two who have said essentially no. 389 00:21:27,240 --> 00:21:33,000 Speaker 2: No, no, no, no, no no, we want enormous. 390 00:21:32,560 --> 00:21:40,120 Speaker 1: Welfare services and low taxes, which is absolutely idiotically unsustainable. 391 00:21:40,160 --> 00:21:40,360 Speaker 2: Yeah. 392 00:21:40,400 --> 00:21:42,959 Speaker 3: Elon spoke to that a little bit during the break. 393 00:21:43,480 --> 00:21:47,680 Speaker 3: He was on some podcasts talking about AI and robots 394 00:21:47,680 --> 00:21:49,840 Speaker 3: and stuff, but he was asked about the whole doge 395 00:21:49,840 --> 00:21:52,320 Speaker 3: thing and everything like that, and he said, basically, I'm 396 00:21:52,320 --> 00:21:55,560 Speaker 3: out of the whole trying to fix the country game. 397 00:21:55,600 --> 00:21:57,320 Speaker 3: He said, it can't be done, at least not in 398 00:21:57,320 --> 00:22:00,200 Speaker 3: our current political climate. People just don't want to deal 399 00:22:00,240 --> 00:22:02,600 Speaker 3: with reality, and he's a hard percent right. I can 400 00:22:02,600 --> 00:22:04,920 Speaker 3: see how he waited into that and thought, Wow, people 401 00:22:04,920 --> 00:22:07,159 Speaker 3: are just going to pretend this isn't a problem, or 402 00:22:07,240 --> 00:22:11,120 Speaker 3: that you can get out of this situation without cutting 403 00:22:11,160 --> 00:22:16,560 Speaker 3: programs right and things wishing or magic beans or something 404 00:22:16,640 --> 00:22:18,880 Speaker 3: like that. And I'm sorry I misstated the second leg 405 00:22:18,960 --> 00:22:23,040 Speaker 3: of the trilemma, that is the economy. If you raise 406 00:22:23,240 --> 00:22:25,960 Speaker 3: taxes to a confiscatory rate too high, you get a 407 00:22:26,000 --> 00:22:29,439 Speaker 3: crush economic growth. As California, the high tax is the 408 00:22:29,440 --> 00:22:32,680 Speaker 3: most hostile environment to businesses. Year after year after year, 409 00:22:32,840 --> 00:22:37,800 Speaker 3: businesses are fleeing. If it weren't for Ai, Gavin Newsom 410 00:22:37,880 --> 00:22:41,120 Speaker 3: would be in stocks getting pelted with rotten tomatoes right 411 00:22:41,119 --> 00:22:45,720 Speaker 3: now anyway. So you've got the pressure of the bond market, 412 00:22:46,000 --> 00:22:49,480 Speaker 3: the economy, and the voter, and the voter. 413 00:22:49,600 --> 00:22:54,560 Speaker 2: Is in to a large degree the keylega. 414 00:22:53,960 --> 00:22:55,520 Speaker 3: And the voter is the most the only part you 415 00:22:55,560 --> 00:22:58,560 Speaker 3: can really hope to have any effect on the other two. 416 00:22:58,600 --> 00:23:00,959 Speaker 2: With right, and we get bailed out. 417 00:23:01,000 --> 00:23:03,480 Speaker 1: The United States get gets bailed out because people need 418 00:23:03,560 --> 00:23:05,399 Speaker 1: dollars around the world to trade with. 419 00:23:05,600 --> 00:23:09,360 Speaker 2: That is the great trade currency of the world. 420 00:23:09,520 --> 00:23:12,359 Speaker 1: That's not sustainable forever for a variety of reasons that 421 00:23:12,400 --> 00:23:14,680 Speaker 1: I won't get into because it's long and it's boring 422 00:23:14,760 --> 00:23:16,120 Speaker 1: and I only half understand it. 423 00:23:16,560 --> 00:23:17,280 Speaker 2: But our. 424 00:23:18,600 --> 00:23:24,480 Speaker 1: The dollar status is that must have global asset is declining. 425 00:23:25,119 --> 00:23:27,639 Speaker 1: All right, Here's why I said the most frightened person 426 00:23:27,640 --> 00:23:29,720 Speaker 1: in the world ought to be the next president of 427 00:23:29,760 --> 00:23:33,520 Speaker 1: the United States. According to the re re rejiggered numbers, 428 00:23:33,960 --> 00:23:38,040 Speaker 1: the Social Security Trust Fund will be broke in twenty 429 00:23:38,240 --> 00:23:43,640 Speaker 1: thirty three. You remember when that year seemed really really distant. Well, 430 00:23:43,720 --> 00:23:46,199 Speaker 1: the guy or Gallo wins in twenty twenty eight is 431 00:23:46,280 --> 00:23:49,879 Speaker 1: going to be in office, you know, barring some extraordinary 432 00:23:49,880 --> 00:23:56,280 Speaker 1: turn of events, until until twenty thirty two. And if 433 00:23:56,320 --> 00:24:00,320 Speaker 1: the trust me, if social Security is going broke in 434 00:24:00,400 --> 00:24:04,880 Speaker 1: twenty thirty three, that discussion is going to dominate that term. 435 00:24:05,760 --> 00:24:08,359 Speaker 1: And so between Congress and that poor son of a 436 00:24:08,359 --> 00:24:11,200 Speaker 1: gun or daughter of a gun who's going to be president, 437 00:24:11,760 --> 00:24:14,880 Speaker 1: they are going to have to make the utterly gut 438 00:24:14,920 --> 00:24:19,159 Speaker 1: wrenching decisions to save Social Security or benefits are going 439 00:24:19,200 --> 00:24:21,000 Speaker 1: to be cut across the board. And man, you want 440 00:24:21,000 --> 00:24:23,879 Speaker 1: to talk about a political blood path and a reckoning 441 00:24:23,960 --> 00:24:26,920 Speaker 1: with reality if we still have it in us, that's 442 00:24:26,960 --> 00:24:27,679 Speaker 1: gonna be it. 443 00:24:27,960 --> 00:24:34,000 Speaker 2: M I'll be fun to watch. Oh boy, Elon is right. 444 00:24:34,040 --> 00:24:36,600 Speaker 3: The current political climate, that's a problem that they got 445 00:24:36,640 --> 00:24:39,000 Speaker 3: in France in Britain is people just don't want to 446 00:24:39,040 --> 00:24:42,280 Speaker 3: deal with reality. They it's amazing. I just I can't 447 00:24:42,320 --> 00:24:48,280 Speaker 3: believe that the majority of people can't be convinced. Look, 448 00:24:48,440 --> 00:24:51,960 Speaker 3: this is unsustainable and we got to do things different. 449 00:24:51,960 --> 00:24:53,800 Speaker 3: All right, who's on board. Let's roll up our sleeves 450 00:24:53,800 --> 00:24:58,119 Speaker 3: and get no, we're gonna keep demanding a dollar seventy 451 00:24:58,160 --> 00:24:59,920 Speaker 3: worth of government for the price of a dollar. 452 00:25:01,840 --> 00:25:05,760 Speaker 1: Okay, it's worth repeating the founding pop as. The last 453 00:25:05,840 --> 00:25:09,760 Speaker 1: thing they wanted was a democracy. They wanted a democratic republic, obviously, 454 00:25:09,840 --> 00:25:12,480 Speaker 1: and that's you can use the term democracy, you know, 455 00:25:12,560 --> 00:25:15,560 Speaker 1: accurately enough to describe that. But they knew a a 456 00:25:15,560 --> 00:25:18,399 Speaker 1: lot of common people are too dumb or unwise to 457 00:25:18,560 --> 00:25:22,280 Speaker 1: understand that the person telling them, no, we can have 458 00:25:22,359 --> 00:25:25,919 Speaker 1: low taxes and high spending forever is a liar and 459 00:25:26,000 --> 00:25:28,840 Speaker 1: a panderer. And it's just telling you that because they 460 00:25:28,880 --> 00:25:31,879 Speaker 1: want to have power to figure out where all that 461 00:25:31,960 --> 00:25:35,119 Speaker 1: money flows, and a lot of people just don't get that. 462 00:25:35,680 --> 00:25:38,240 Speaker 1: They also understood that mobs tend to get in moods 463 00:25:38,280 --> 00:25:42,080 Speaker 1: and then do really really stupid stuff. But yeah, I 464 00:25:42,080 --> 00:25:44,280 Speaker 1: think it's all going to come down in the next term, 465 00:25:44,400 --> 00:25:47,200 Speaker 1: next presidential term. 466 00:25:47,359 --> 00:25:49,199 Speaker 3: We got yet another word of the year from a 467 00:25:49,200 --> 00:25:55,200 Speaker 3: different organization. Oxford University Press has named They're Worthy of 468 00:25:55,200 --> 00:25:56,240 Speaker 3: a Year for twenty twenty five. 469 00:25:56,240 --> 00:25:57,560 Speaker 2: I don't know if it's a word of a year. Pretty 470 00:25:57,560 --> 00:26:03,360 Speaker 2: good word though, rage bait, rage baits good words kind 471 00:26:03,359 --> 00:26:05,160 Speaker 2: of fits with what we were just talking about. 472 00:26:05,480 --> 00:26:08,200 Speaker 1: Perfect lead into the article I came across on vacation 473 00:26:08,320 --> 00:26:10,840 Speaker 1: I unwisely opened. I was intrigued, I was hooked by 474 00:26:10,880 --> 00:26:14,280 Speaker 1: the click baity headline, and it pissed me off in 475 00:26:14,320 --> 00:26:15,680 Speaker 1: the midst of the holiday cheer. 476 00:26:16,440 --> 00:26:18,480 Speaker 2: I will explain in moments, and you believe it was 477 00:26:18,640 --> 00:26:19,600 Speaker 2: rage bait. 478 00:26:21,880 --> 00:26:27,000 Speaker 1: And partly and also partly just a great distillation of 479 00:26:27,040 --> 00:26:29,920 Speaker 1: what's wrong with social media in the Internet. 480 00:26:29,920 --> 00:26:31,159 Speaker 2: It's the perfect example. 481 00:26:31,240 --> 00:26:33,040 Speaker 3: So just to define rage bait, would it be like 482 00:26:33,080 --> 00:26:36,199 Speaker 3: if you if you got a headline that, uh, you know, 483 00:26:38,160 --> 00:26:42,160 Speaker 3: transboy dominates girls track and field. They just know, oh, 484 00:26:42,200 --> 00:26:45,560 Speaker 3: you're gonna hate the rereading about this. Yeah, that's sure, 485 00:26:45,600 --> 00:26:46,320 Speaker 3: that's an example. 486 00:26:46,400 --> 00:26:50,879 Speaker 1: Yeah, or anything including the word the name Trump for 487 00:26:51,000 --> 00:26:53,679 Speaker 1: years and years and years in lefty media. Trump's latest 488 00:26:53,720 --> 00:26:56,200 Speaker 1: outrage that sort of thing. Wait, will you see this? 489 00:26:57,119 --> 00:27:00,280 Speaker 1: You thought it was bad before, the. 490 00:27:06,600 --> 00:27:08,760 Speaker 2: Part of your body was the MRI looking. I have 491 00:27:08,840 --> 00:27:20,000 Speaker 2: no idea. That's not physically possible. To have no idea, 492 00:27:20,160 --> 00:27:21,160 Speaker 2: it's not possible. 493 00:27:22,480 --> 00:27:22,840 Speaker 3: Who lord? 494 00:27:22,880 --> 00:27:25,159 Speaker 2: Would you say to the doctor? No, no, no, don't tell me. 495 00:27:25,320 --> 00:27:31,400 Speaker 4: I want to find out at my MRI reveal party. 496 00:27:32,240 --> 00:27:38,439 Speaker 2: That's the leap flud. For God's sakes, man, were you 497 00:27:38,520 --> 00:27:40,360 Speaker 2: not curious at. 498 00:27:40,200 --> 00:27:45,000 Speaker 4: All when they laid you down in a tube for 499 00:27:45,160 --> 00:27:47,400 Speaker 4: half an hour to forty five minutes? 500 00:27:48,320 --> 00:27:50,520 Speaker 2: You didn't want to know what they might be doing? 501 00:27:50,720 --> 00:27:53,920 Speaker 4: Or did you just think yourself what a loud Tanning bed? 502 00:27:56,440 --> 00:27:56,680 Speaker 3: Uh? 503 00:27:56,760 --> 00:27:58,800 Speaker 2: Yeah, well that struck me the same way too. 504 00:27:59,000 --> 00:28:00,679 Speaker 3: When Trump said I have no idea what they did 505 00:28:00,720 --> 00:28:03,600 Speaker 3: an MRI on, I just I can't imagine not being 506 00:28:03,600 --> 00:28:05,280 Speaker 3: curious and wanting to know myself. 507 00:28:06,240 --> 00:28:06,480 Speaker 1: Yeah? 508 00:28:06,640 --> 00:28:10,879 Speaker 2: Just, I mean because you find medical science interesting. Well, 509 00:28:11,000 --> 00:28:14,520 Speaker 2: I have personal interest in my own health. So you 510 00:28:14,520 --> 00:28:16,240 Speaker 2: think I might have something wrong with me? You're gonna 511 00:28:16,240 --> 00:28:19,639 Speaker 2: do an MRI on what? Yeah? I don't know. 512 00:28:19,680 --> 00:28:22,480 Speaker 1: I had one emailer say that no, since the budget 513 00:28:22,520 --> 00:28:24,320 Speaker 1: is unlimited, they just did a whole. 514 00:28:24,080 --> 00:28:25,439 Speaker 2: Body MRI or what. 515 00:28:25,480 --> 00:28:27,960 Speaker 1: I don't know if that's a thing that wouldn't that 516 00:28:28,040 --> 00:28:29,680 Speaker 1: take hours and hours and hours because you got to 517 00:28:29,720 --> 00:28:33,199 Speaker 1: take very specific shots of the various levels of you 518 00:28:33,480 --> 00:28:34,920 Speaker 1: to get those layered images. 519 00:28:35,119 --> 00:28:36,120 Speaker 2: I don't know what's going on. 520 00:28:37,560 --> 00:28:40,880 Speaker 1: I never will. So I found this really really interesting. 521 00:28:41,160 --> 00:28:43,960 Speaker 1: It might seem seem like a quibble to you, but 522 00:28:44,000 --> 00:28:47,600 Speaker 1: it's not. I think it's fundamentally really important. How many 523 00:28:47,600 --> 00:28:50,200 Speaker 1: times have we talked about how the left perverts language, 524 00:28:50,480 --> 00:28:54,440 Speaker 1: how they change the meanings of words or equivocate between 525 00:28:54,520 --> 00:28:58,640 Speaker 1: two terms like sex and gender. First they tell you, no, 526 00:28:58,800 --> 00:29:02,120 Speaker 1: gender is different from it's just the way you express yourself. 527 00:29:02,600 --> 00:29:06,000 Speaker 1: And then Mike, your child needs to change his gender. 528 00:29:06,280 --> 00:29:09,240 Speaker 1: Do you mean to get a sex change? No, we've 529 00:29:09,320 --> 00:29:12,280 Speaker 1: already reckoned with that as a society. We don't give. 530 00:29:12,200 --> 00:29:14,520 Speaker 2: Sex changes to children. But now they've. 531 00:29:14,320 --> 00:29:16,960 Speaker 1: Invented new terms to try to confuse issues. They do 532 00:29:17,040 --> 00:29:19,760 Speaker 1: that all the time, and it pisses me off when 533 00:29:19,840 --> 00:29:24,000 Speaker 1: even conservatives use terms like gender affirming care, for instance, 534 00:29:24,600 --> 00:29:29,560 Speaker 1: which is obviously a term created to cloud issues. Found 535 00:29:29,600 --> 00:29:34,600 Speaker 1: this super interesting. This guy from the miss Institute, Ludwig 536 00:29:36,240 --> 00:29:40,280 Speaker 1: mis Say, is Ludwig von Messus miss a missus whatever, 537 00:29:40,320 --> 00:29:43,600 Speaker 1: I'm not friend, it's me messus. 538 00:29:43,680 --> 00:29:46,040 Speaker 2: Uh. 539 00:29:46,200 --> 00:29:50,160 Speaker 1: The Mesas Institute says every major economic illusion begins with 540 00:29:50,200 --> 00:29:57,800 Speaker 1: the corruption of a word. Inflation once meant popularly people's 541 00:29:57,800 --> 00:30:01,040 Speaker 1: perception of the word inflation, they understood what it still 542 00:30:01,080 --> 00:30:06,080 Speaker 1: means in truth, the artificial expansion of money and credit. 543 00:30:07,240 --> 00:30:12,240 Speaker 1: Inflation means one thing, the artificial expansion of the money 544 00:30:12,280 --> 00:30:17,440 Speaker 1: supply and or credit. But over time it's been redefined 545 00:30:17,640 --> 00:30:23,080 Speaker 1: to describe the consequences of inflation rather than its cause. 546 00:30:24,200 --> 00:30:29,040 Speaker 1: Now here's where you might think Joe Getty, expert wordsmith, is. 547 00:30:29,040 --> 00:30:33,000 Speaker 2: Really slicing it thin. But that's not the case. 548 00:30:33,280 --> 00:30:36,120 Speaker 1: That's exactly And that's why I thought there was so 549 00:30:36,760 --> 00:30:41,240 Speaker 1: interesting about this. The deliberate inversion of language serves a 550 00:30:41,240 --> 00:30:45,560 Speaker 1: political purpose. It shifts blame from those who create money 551 00:30:45,880 --> 00:30:49,280 Speaker 1: to those who merely spend it, transforming an act of 552 00:30:49,360 --> 00:30:54,080 Speaker 1: monetary fraud into a mere statistical phenomenon. And I think 553 00:30:54,120 --> 00:30:58,320 Speaker 1: even more important their second point is, and they mentioned 554 00:30:58,320 --> 00:31:02,840 Speaker 1: the result is profound because by redefining inflation, governments have 555 00:31:02,920 --> 00:31:07,400 Speaker 1: obscured its nature, and economists have lost its meaning, and 556 00:31:07,520 --> 00:31:10,520 Speaker 1: citizens have come to accept their gradual impoverishment as an 557 00:31:10,600 --> 00:31:15,760 Speaker 1: unavoidable fact of life. And also, this is the part 558 00:31:15,800 --> 00:31:22,000 Speaker 1: that I really liked. Since we don't since we've used 559 00:31:22,000 --> 00:31:25,560 Speaker 1: inflation now to describe a rise in prices, we don't 560 00:31:25,600 --> 00:31:31,360 Speaker 1: have a word for an artificial inflation of the money 561 00:31:31,360 --> 00:31:36,000 Speaker 1: supply anymore. If you say inflation, people think hot dogs 562 00:31:36,040 --> 00:31:36,960 Speaker 1: are more expensive. 563 00:31:36,960 --> 00:31:40,120 Speaker 2: I know, I do. We don't have a word for 564 00:31:40,240 --> 00:31:41,800 Speaker 2: what used to be inflation. 565 00:31:43,720 --> 00:31:46,280 Speaker 1: People today use the term inflation refer to the phenomenon 566 00:31:46,360 --> 00:31:50,040 Speaker 1: that is, the inevitable consequence of inflation, that's the tendency 567 00:31:50,040 --> 00:31:52,400 Speaker 1: of all prices and wages to rise. The result of 568 00:31:52,400 --> 00:31:54,960 Speaker 1: this deplorable confusion is that there's no term left to 569 00:31:54,960 --> 00:31:57,720 Speaker 1: signify the cause of this rise in prices and wages. 570 00:31:57,800 --> 00:32:00,760 Speaker 1: There's no longer any word available to signify the phenomenon 571 00:32:00,800 --> 00:32:04,200 Speaker 1: that has been up till now called inflation. If it 572 00:32:04,240 --> 00:32:07,120 Speaker 1: follows that nobody cares about inflation in the traditional sense 573 00:32:07,160 --> 00:32:09,560 Speaker 1: of the term. As you cannot talk about something that 574 00:32:09,640 --> 00:32:12,400 Speaker 1: has no name, you cannot fight it. Those who pretend 575 00:32:12,440 --> 00:32:15,000 Speaker 1: to fight inflation are in fact only fighting what is 576 00:32:15,000 --> 00:32:18,440 Speaker 1: the inevitable consequence of inflation rising prices. Their ventures are 577 00:32:18,480 --> 00:32:21,320 Speaker 1: doomed to failure because they do not attack the root 578 00:32:21,360 --> 00:32:22,040 Speaker 1: of the evil. 579 00:32:24,800 --> 00:32:26,080 Speaker 2: That was an excellent point. 580 00:32:26,760 --> 00:32:30,240 Speaker 3: Yeah, so governments do things that will cause in what 581 00:32:30,280 --> 00:32:31,160 Speaker 3: we call inflation. 582 00:32:33,720 --> 00:32:35,040 Speaker 2: Nobody discusses that. 583 00:32:35,680 --> 00:32:39,120 Speaker 3: When the inflation occurs, what we call inflation occurs, then 584 00:32:39,560 --> 00:32:40,760 Speaker 3: we have discussions about that. 585 00:32:41,200 --> 00:32:43,720 Speaker 1: They do things. What things? What things are you talking about? 586 00:32:43,760 --> 00:32:47,080 Speaker 1: I need to be introduced to this concept because we've 587 00:32:47,160 --> 00:32:49,160 Speaker 1: changed the meaning of the word. And they go on. 588 00:32:50,200 --> 00:32:52,320 Speaker 1: In case you're thinking, well, prices go up a little bit. 589 00:32:52,720 --> 00:32:55,880 Speaker 1: You know, it's fine. I'm used to it. For every mansion. 590 00:32:56,040 --> 00:32:57,840 Speaker 1: I like your sanguine tone. That's really good. 591 00:32:57,960 --> 00:33:00,240 Speaker 2: Yeah, it's why I'm not really involved. I don't know 592 00:33:00,360 --> 00:33:02,320 Speaker 2: much about Yeah. 593 00:33:02,480 --> 00:33:05,560 Speaker 1: Yeah, let's see, for every expansion in the money supply, 594 00:33:06,080 --> 00:33:10,160 Speaker 1: it constitutes a form of legalized counterfeiting that robs all 595 00:33:10,280 --> 00:33:16,080 Speaker 1: holders of money, redistributing wealth from savers and producers hello 596 00:33:16,160 --> 00:33:22,240 Speaker 1: to those nearest the new money's points of entry. Prices 597 00:33:22,240 --> 00:33:24,960 Speaker 1: adjustin evenly because new money does not enter all pockets 598 00:33:24,960 --> 00:33:28,719 Speaker 1: at once. It flows first to borrowers, banks, and state 599 00:33:28,800 --> 00:33:33,640 Speaker 1: contractors before dispersing through the broader economy. Or I would 600 00:33:33,760 --> 00:33:37,400 Speaker 1: argue it flows into the pockets of those who politicians 601 00:33:37,400 --> 00:33:37,880 Speaker 1: wish to. 602 00:33:37,960 --> 00:33:40,760 Speaker 2: Bribe to get their votes. This is true. You know, 603 00:33:40,880 --> 00:33:41,640 Speaker 2: I hadn't thought about it. 604 00:33:41,760 --> 00:33:45,040 Speaker 3: If you if you actually start thinking about your net 605 00:33:45,080 --> 00:33:49,400 Speaker 3: worth and how it's changed over the inflation years, starting 606 00:33:49,400 --> 00:33:51,520 Speaker 3: at like twenty twenty, it's depressing. 607 00:33:52,960 --> 00:33:53,680 Speaker 2: It's depressing. 608 00:33:53,920 --> 00:33:57,000 Speaker 3: But so you know, your your chunk of money that 609 00:33:57,040 --> 00:33:59,520 Speaker 3: you've been hanging on to is worth God, what is 610 00:33:59,560 --> 00:34:02,480 Speaker 3: it worth? Ten fifteen percent less than it was not 611 00:34:02,640 --> 00:34:06,480 Speaker 3: very long ago. But people who are getting money, they've 612 00:34:06,480 --> 00:34:11,360 Speaker 3: adjusted those amounts for inflation, right, right, They had adjusted 613 00:34:11,400 --> 00:34:12,600 Speaker 3: my savings for inflation. 614 00:34:13,520 --> 00:34:17,160 Speaker 1: So you know, you go back to the absolutely obscene 615 00:34:17,320 --> 00:34:23,920 Speaker 1: an American impeachable treason trial with hangings Quality Inflation Reduction Act, 616 00:34:24,080 --> 00:34:30,319 Speaker 1: Remember that one that was inflation. Yeah, it vastly inflated 617 00:34:30,360 --> 00:34:33,359 Speaker 1: the money supplied. They borrowed vast amounts of money and 618 00:34:33,480 --> 00:34:36,640 Speaker 1: pumped them into the economy that was inflation. 619 00:34:36,760 --> 00:34:37,960 Speaker 2: It didn't cause inflation. 620 00:34:38,360 --> 00:34:39,879 Speaker 1: You know, I'll be frustrating the rest of my life 621 00:34:39,920 --> 00:34:42,279 Speaker 1: because everybody else in the world, folks will continue to 622 00:34:42,360 --> 00:34:44,839 Speaker 1: use the convention or the current meaning of the term 623 00:34:45,480 --> 00:34:47,879 Speaker 1: an early death with your first well, right exactly because 624 00:34:47,920 --> 00:34:50,920 Speaker 1: of my anger. But they mentioned the Austrian School of 625 00:34:50,960 --> 00:34:54,840 Speaker 1: economics and the understanding new money changes prices which beget 626 00:34:54,960 --> 00:34:59,200 Speaker 1: other changes from injection points. Inflation benefits those who received 627 00:34:59,280 --> 00:35:03,600 Speaker 1: new money FIR and penalizes those normal people who receive 628 00:35:03,640 --> 00:35:04,879 Speaker 1: it last You. 629 00:35:04,840 --> 00:35:06,040 Speaker 2: Know what I was talking about earlier. 630 00:35:06,120 --> 00:35:08,440 Speaker 3: I'll be interested to see how this whole spending season 631 00:35:08,680 --> 00:35:12,879 Speaker 3: shakes out if we end up actually spending more than 632 00:35:12,960 --> 00:35:20,160 Speaker 3: last year through the holidays while being behind on car payment, 633 00:35:20,200 --> 00:35:24,640 Speaker 3: student loans, being the scaredest we've ever most scared we've 634 00:35:24,680 --> 00:35:26,520 Speaker 3: ever been around healthcare costs. 635 00:35:27,040 --> 00:35:28,600 Speaker 2: What does that mean about our society? 636 00:35:30,520 --> 00:35:32,680 Speaker 1: We have a real complete inability to say no to 637 00:35:32,719 --> 00:35:34,280 Speaker 1: ourselves personally or politically. 638 00:35:34,360 --> 00:35:41,640 Speaker 2: We are really short term thinkers. Yeah, Doomed, Jack Armstrong 639 00:35:41,960 --> 00:35:45,160 Speaker 2: and Joe Fretty Armstrong and Getty Show