1 00:00:10,039 --> 00:00:14,320 Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio the George 2 00:00:14,400 --> 00:00:18,439 Speaker 1: Washington Broadcast Center, Jack Armstrong and Joe Getty. 3 00:00:18,360 --> 00:00:26,119 Speaker 2: Armstrong and Gatty, and he Armstrong and Getty Strong and. 4 00:00:32,080 --> 00:00:35,159 Speaker 3: Came across a fantastic think piece by a fellow by 5 00:00:35,159 --> 00:00:38,440 Speaker 3: the name of Tom Klingenstein about de EI in the 6 00:00:38,560 --> 00:00:39,880 Speaker 3: United States Military. 7 00:00:40,520 --> 00:00:43,280 Speaker 2: And I've heard various folks, including. 8 00:00:42,960 --> 00:00:46,879 Speaker 3: Some of serv talk about how it's hurt readiness, and 9 00:00:47,080 --> 00:00:49,800 Speaker 3: I believed it, but I've never heard it fleshed out 10 00:00:49,840 --> 00:00:52,000 Speaker 3: this well. And I wish we had hours and hours, 11 00:00:53,080 --> 00:00:55,680 Speaker 3: because I'd love to read the whole thing and discuss 12 00:00:55,720 --> 00:00:58,319 Speaker 3: it with you. But his point that is quite eloquently made, 13 00:00:58,360 --> 00:01:01,040 Speaker 3: and we'll post it at Armstrong and Giddy under hot Links, 14 00:01:01,560 --> 00:01:02,040 Speaker 3: is that. 15 00:01:03,440 --> 00:01:03,600 Speaker 2: Well. 16 00:01:03,600 --> 00:01:05,760 Speaker 3: He writes, the military is often perceived by well meaning 17 00:01:05,800 --> 00:01:08,760 Speaker 3: Americans as the last holdout in the progressive march through 18 00:01:08,760 --> 00:01:12,000 Speaker 3: the institutions. In reality, however, it was among the first 19 00:01:12,080 --> 00:01:17,200 Speaker 3: American institutions to formally embrace the radical logic of group quotas. 20 00:01:18,680 --> 00:01:22,679 Speaker 3: And he talks about the difference between civilian society and 21 00:01:22,800 --> 00:01:27,959 Speaker 3: mill military society in its values, in its training, in 22 00:01:28,000 --> 00:01:32,119 Speaker 3: its social norms, and why they're so important, and how 23 00:01:32,240 --> 00:01:39,720 Speaker 3: DEI is utterly incompatible with the cultural norms that have 24 00:01:40,040 --> 00:01:44,399 Speaker 3: underpinned every military in the history of time, discipline, sacrificing 25 00:01:44,440 --> 00:01:49,400 Speaker 3: oneself to the unit, everyone being the same, your only identity, 26 00:01:49,440 --> 00:01:51,520 Speaker 3: as I'm a member of this unit. It's very, very 27 00:01:51,520 --> 00:01:54,200 Speaker 3: well written, and it's made me all the more dedicated 28 00:01:54,240 --> 00:01:58,760 Speaker 3: to stamping out this radical ideology wherever it happens. I 29 00:01:58,800 --> 00:02:02,520 Speaker 3: was encouraged to see a guest editorial in New York 30 00:02:02,560 --> 00:02:06,400 Speaker 3: and The New York Times pointed out by fabulous frequent correspondent, 31 00:02:06,400 --> 00:02:09,400 Speaker 3: Paolo DEI is not working on college campuses. 32 00:02:09,760 --> 00:02:11,160 Speaker 2: We need a new approach. 33 00:02:11,639 --> 00:02:15,840 Speaker 3: It's by a couple of academics from Stanford Law and 34 00:02:15,919 --> 00:02:20,640 Speaker 3: Stanford University, and they write it in a way that 35 00:02:21,000 --> 00:02:28,480 Speaker 3: is they are lefties approaching lefties. So it's fairly gentle 36 00:02:29,200 --> 00:02:33,240 Speaker 3: about how the DEI. 37 00:02:32,720 --> 00:02:35,239 Speaker 2: Programs that exist on campuses. 38 00:02:35,080 --> 00:02:38,920 Speaker 3: Are not quite what they purport to be and don't 39 00:02:38,960 --> 00:02:42,440 Speaker 3: really achieve what they've said they should achieve, pointing out 40 00:02:42,440 --> 00:02:47,000 Speaker 3: the rampant anti Semitism on all of these enlightened campuses. 41 00:02:47,919 --> 00:02:49,800 Speaker 2: And again it's it's very well written and I'd love 42 00:02:49,800 --> 00:02:53,440 Speaker 2: to go into more detail on it, and anti Asian bias, 43 00:02:53,480 --> 00:02:54,680 Speaker 2: which we'll get to in a second. 44 00:02:55,360 --> 00:02:57,600 Speaker 3: Oh yeah, yeah, And we could certainly get into the 45 00:02:57,600 --> 00:03:00,160 Speaker 3: report that just came out from Columbia University about how 46 00:03:00,400 --> 00:03:03,400 Speaker 3: miserable a failure Dei has been in rooting out anti 47 00:03:03,400 --> 00:03:08,040 Speaker 3: Semitism there, and he gets into the I'm sorry, these 48 00:03:08,080 --> 00:03:11,400 Speaker 3: two academics get into the rigidity of these programs and 49 00:03:11,480 --> 00:03:14,560 Speaker 3: how and again, this is not a revelation to us 50 00:03:14,680 --> 00:03:19,760 Speaker 3: at all. They don't seem to actually be about diversity, 51 00:03:19,960 --> 00:03:24,080 Speaker 3: equity and inclusion, whatever those things mean. They seem to 52 00:03:24,080 --> 00:03:27,480 Speaker 3: be rigidly enforcing a particular point of view, and they 53 00:03:27,480 --> 00:03:31,560 Speaker 3: seem to just want to see the power at the universities. Well, 54 00:03:31,639 --> 00:03:35,480 Speaker 3: welcome to enlightenment, my friend. But what was interesting was, 55 00:03:35,600 --> 00:03:38,720 Speaker 3: and this is what Paolo, the service Polo provided, which 56 00:03:38,720 --> 00:03:41,600 Speaker 3: I appreciate very much, he says, more interesting than the 57 00:03:41,680 --> 00:03:44,480 Speaker 3: article are the generally pretty solidly left New York Times 58 00:03:44,520 --> 00:03:45,520 Speaker 3: reader's comments. 59 00:03:45,800 --> 00:03:48,480 Speaker 2: If you view the reader's picks. 60 00:03:48,680 --> 00:03:51,400 Speaker 3: Meaning the comments on the story that got the most 61 00:03:51,440 --> 00:03:53,840 Speaker 3: thumbs up and that sort of thing, you'll see that 62 00:03:53,920 --> 00:03:58,720 Speaker 3: they are all critical of Dei, and they run from 63 00:03:58,800 --> 00:04:01,280 Speaker 3: as a white males perfectly fine, can be even helpful 64 00:04:01,280 --> 00:04:03,320 Speaker 3: to ask me to examine my values and beliefs for 65 00:04:03,440 --> 00:04:05,920 Speaker 3: racism and sexism. But it's not fine to assign me 66 00:04:05,960 --> 00:04:08,320 Speaker 3: the category of a pressor based solely on my race 67 00:04:08,400 --> 00:04:08,880 Speaker 3: or gender. 68 00:04:09,280 --> 00:04:10,680 Speaker 2: Blah blah blah. How about this one? 69 00:04:10,720 --> 00:04:13,440 Speaker 3: As a black immigrant from Africa, the idea that groups 70 00:04:13,440 --> 00:04:16,560 Speaker 3: are inherently oppressed based on skin color is shocking to me. 71 00:04:17,080 --> 00:04:20,000 Speaker 3: All races and genders have issues because we're all human beings. 72 00:04:20,120 --> 00:04:22,919 Speaker 3: I've received far more discrimination in Africa on the basis 73 00:04:22,920 --> 00:04:25,480 Speaker 3: of my tribe than I have from any white person. 74 00:04:26,160 --> 00:04:28,119 Speaker 2: And he goes down that line for a while. 75 00:04:28,520 --> 00:04:31,440 Speaker 3: As a staunch liberal and white minority, ally, the only 76 00:04:31,480 --> 00:04:33,640 Speaker 3: thing that's ever made me consider voting a Republican is 77 00:04:33,640 --> 00:04:36,560 Speaker 3: having to write diversity statements for a university job. It's 78 00:04:36,600 --> 00:04:39,520 Speaker 3: a blatant tool of discrimination and everyone knows it. 79 00:04:39,920 --> 00:04:42,360 Speaker 2: Wow. A couple one more quick one. 80 00:04:42,560 --> 00:04:44,960 Speaker 3: As a professor at a university, I agree for students 81 00:04:44,960 --> 00:04:46,560 Speaker 3: to succeed in the university. 82 00:04:46,160 --> 00:04:47,360 Speaker 2: They must feel that they belong. 83 00:04:47,760 --> 00:04:49,680 Speaker 3: For a minority student from a public school and a 84 00:04:49,680 --> 00:04:51,839 Speaker 3: class full of white kids, it's tough to feel like 85 00:04:51,880 --> 00:05:00,880 Speaker 3: you belongs. Uh this guy does he finally get to 86 00:05:00,920 --> 00:05:04,640 Speaker 3: the point. Oh, It's that socializing with peers, involvement in 87 00:05:04,640 --> 00:05:10,640 Speaker 3: student groups, for participating with a broad array of people 88 00:05:10,839 --> 00:05:14,200 Speaker 3: is what breaks down those barriers. Not being set into 89 00:05:14,279 --> 00:05:17,560 Speaker 3: camps and set against each other. That's the opposite of 90 00:05:17,560 --> 00:05:20,640 Speaker 3: what works. So, as I've said many times, this is 91 00:05:20,680 --> 00:05:23,760 Speaker 3: not the beginning of the end of this neo Marxist garbage. 92 00:05:24,120 --> 00:05:25,640 Speaker 2: It's the end of the beginning. 93 00:05:25,960 --> 00:05:29,440 Speaker 3: People are starting to realize, Wow, this isn't about diversity 94 00:05:29,560 --> 00:05:32,240 Speaker 3: or equity, which is communism or inclusion at all. They 95 00:05:32,360 --> 00:05:35,360 Speaker 3: just want to take control of things by cowing us 96 00:05:35,360 --> 00:05:38,080 Speaker 3: into silence, by calling us racists. 97 00:05:38,080 --> 00:05:40,880 Speaker 2: On the racial breakdown at colleges. Maybe you saw this headline. 98 00:05:40,920 --> 00:05:44,600 Speaker 2: I saw the initial headline over the weekend after Supreme 99 00:05:44,680 --> 00:05:50,640 Speaker 2: Court ruling against affirmative action. Black acceptance to MIT drops 100 00:05:50,680 --> 00:05:53,840 Speaker 2: ten percentage points, and they presented it only that way. 101 00:05:54,320 --> 00:05:56,599 Speaker 2: I think it was The New York Times had it, 102 00:05:56,960 --> 00:05:59,680 Speaker 2: and obviously it's supposed to be a horror that happened. 103 00:06:00,080 --> 00:06:03,040 Speaker 2: Rich Lowry actually wrote in The New York Post yesterday 104 00:06:04,000 --> 00:06:06,880 Speaker 2: digging into it a little more. A spike in Asian 105 00:06:06,960 --> 00:06:10,400 Speaker 2: Americans who were admitted to MIT, who you can only 106 00:06:10,440 --> 00:06:13,800 Speaker 2: assume were not getting in even though they deserved it 107 00:06:13,880 --> 00:06:18,240 Speaker 2: before because of affirmative actions. So the whole numbers on that. 108 00:06:18,279 --> 00:06:21,000 Speaker 2: So MIT is the first top level college to release 109 00:06:21,080 --> 00:06:23,039 Speaker 2: their numbers on this. We're gonna be hearing more about 110 00:06:23,040 --> 00:06:26,280 Speaker 2: these in the fall, I assume from Harvard, Yale, whoever else. 111 00:06:26,320 --> 00:06:30,239 Speaker 2: But MIT released its first post affirmative action admissions number 112 00:06:30,440 --> 00:06:33,960 Speaker 2: for the incoming class since the Supreme Court ruled the 113 00:06:33,960 --> 00:06:36,680 Speaker 2: affirmative action in these universities is wrong, and the percentage 114 00:06:36,680 --> 00:06:40,200 Speaker 2: of Asian American students increased from forty to forty seven 115 00:06:40,320 --> 00:06:46,320 Speaker 2: percent the first year are the first opportunity to have, 116 00:06:46,760 --> 00:06:50,320 Speaker 2: you know, merit based admissions. Black students dropped from fifteen 117 00:06:50,360 --> 00:06:54,159 Speaker 2: to five, Hispanic students from sixteen to eleven. White stayed 118 00:06:54,240 --> 00:06:57,359 Speaker 2: roughly the same, and as rich lowry rites. Either the 119 00:06:57,440 --> 00:07:01,200 Speaker 2: MIT admissions office has been somehow infiltrated by racists who 120 00:07:01,240 --> 00:07:03,760 Speaker 2: want to exclude as many Black and Hispanic students as 121 00:07:03,760 --> 00:07:09,640 Speaker 2: possible while boosting Asian Americans for some reason, or they 122 00:07:09,640 --> 00:07:13,200 Speaker 2: were working to keep out meritorious Asian American applicants all 123 00:07:13,240 --> 00:07:16,040 Speaker 2: these years, people that deserved to be in the school 124 00:07:16,200 --> 00:07:19,200 Speaker 2: and weren't allowed in because they weren't the right race. 125 00:07:19,680 --> 00:07:21,640 Speaker 2: What could be more racist than that? 126 00:07:22,520 --> 00:07:25,280 Speaker 3: Well, and to take a step back to I think 127 00:07:25,600 --> 00:07:28,760 Speaker 3: the greater and more important issue is now that we 128 00:07:28,960 --> 00:07:33,360 Speaker 3: haven't papered over the difference is in achievement by shoving 129 00:07:33,440 --> 00:07:36,200 Speaker 3: kids in who probably can't make it at MIT, because 130 00:07:36,240 --> 00:07:39,000 Speaker 3: there's a huge incidence of that the kids who are 131 00:07:39,120 --> 00:07:42,400 Speaker 3: elevated beyond their level of achievement and stuck into these colleges, 132 00:07:42,440 --> 00:07:44,200 Speaker 3: they fail at unbelievable levels. 133 00:07:44,280 --> 00:07:45,960 Speaker 2: You're not going to read that in the mainstream media, 134 00:07:45,960 --> 00:07:46,800 Speaker 2: but it's true. 135 00:07:47,080 --> 00:07:52,600 Speaker 3: Instead of papering over the question of okay, why is 136 00:07:52,600 --> 00:07:58,679 Speaker 3: a disproportionately small percentage of black students able to qualify 137 00:07:58,680 --> 00:08:02,040 Speaker 3: for MIT start before. 138 00:08:01,680 --> 00:08:03,960 Speaker 2: They're even in school. Let's talk about kindergarten. 139 00:08:04,040 --> 00:08:06,480 Speaker 3: Let's look at first grade through eighth grade. Let's talk 140 00:08:06,480 --> 00:08:08,240 Speaker 3: about middle school and high school and the rest of it. 141 00:08:08,560 --> 00:08:12,800 Speaker 3: Let's address causes as opposed to these affirmative action at 142 00:08:12,840 --> 00:08:18,120 Speaker 3: the end programs that enable a people who are profiting 143 00:08:18,120 --> 00:08:21,160 Speaker 3: from this, the teachers' unions and don't want to solve 144 00:08:21,160 --> 00:08:24,920 Speaker 3: the problems, and b society that's uncomfortable talking about it. 145 00:08:25,320 --> 00:08:30,040 Speaker 3: Why do black kids underachieve? If you don't paper over 146 00:08:30,680 --> 00:08:33,360 Speaker 3: the process at the end. You're forced to reckon with 147 00:08:33,400 --> 00:08:37,520 Speaker 3: the problem at the beginning. And that's why I like 148 00:08:37,600 --> 00:08:40,280 Speaker 3: these problems as somebody who's not trying to take over 149 00:08:40,440 --> 00:08:44,960 Speaker 3: universities through my DEI critical thinking or I'm not critical thinking, 150 00:08:45,000 --> 00:08:46,880 Speaker 3: critical theory, neo Marxism. 151 00:08:47,040 --> 00:08:50,280 Speaker 2: I actually care about little black kids. So a Doke 152 00:08:50,360 --> 00:08:53,959 Speaker 2: researcher is expecting similar results in other Ivy League schools. 153 00:08:54,000 --> 00:08:58,439 Speaker 2: This fall a big increase for Asian American students, white 154 00:08:58,480 --> 00:09:01,960 Speaker 2: students staying about flat, and then a substantial drop in 155 00:09:02,000 --> 00:09:05,280 Speaker 2: Black and Hispanic admissions. Rich Lowry points out here it's 156 00:09:05,280 --> 00:09:08,440 Speaker 2: the same experience California had when the state passed the 157 00:09:08,559 --> 00:09:12,360 Speaker 2: anti Affirmative Action proposition in two thousand and nine, I 158 00:09:12,400 --> 00:09:16,520 Speaker 2: mean two nine. Back in ninety six, Asian Americans went 159 00:09:16,559 --> 00:09:20,400 Speaker 2: from thirty seven percent of freshmen at UC Berkeley to 160 00:09:20,760 --> 00:09:25,920 Speaker 2: forty three percent. White students dropped ten points. So you 161 00:09:25,920 --> 00:09:29,719 Speaker 2: can't claim it's white supremacy or white power structure or 162 00:09:29,760 --> 00:09:32,000 Speaker 2: something like that. The number of white kids getting into 163 00:09:32,000 --> 00:09:35,120 Speaker 2: Berkeley dropped from thirty percent to twenty percent. And this 164 00:09:35,240 --> 00:09:38,400 Speaker 2: is my favorite part of it. There isn't some giant 165 00:09:38,440 --> 00:09:43,280 Speaker 2: factory somewhere that's manufacturing generic Asian Americans either, who all 166 00:09:43,320 --> 00:09:46,440 Speaker 2: have the same backgrounds and attitudes. The category of Asian 167 00:09:46,520 --> 00:09:50,440 Speaker 2: American includes people from countries that hate each other and 168 00:09:50,520 --> 00:09:53,480 Speaker 2: always have people from countries that have little to do 169 00:09:53,559 --> 00:09:56,840 Speaker 2: with one on one another. For instance, China, India, the 170 00:09:56,840 --> 00:09:59,679 Speaker 2: Philippines whatever, They got nothing to do with each other. 171 00:10:00,000 --> 00:10:02,360 Speaker 2: In some cases hate each other and always have hated 172 00:10:02,400 --> 00:10:04,640 Speaker 2: each other. They've killed each other by the hundreds of 173 00:10:04,679 --> 00:10:08,440 Speaker 2: thousands in brutal ways. It's not like some monolithic group 174 00:10:08,559 --> 00:10:10,760 Speaker 2: like you claim white people are, who are trying to 175 00:10:10,800 --> 00:10:11,680 Speaker 2: take over something. 176 00:10:12,880 --> 00:10:15,960 Speaker 3: Well, and you've got to drop your preconceptions too about 177 00:10:15,960 --> 00:10:18,679 Speaker 3: elite universities and such. I tell you what, here at 178 00:10:18,760 --> 00:10:21,920 Speaker 3: Joe's second tier university, you're gonna learn a hell of 179 00:10:21,960 --> 00:10:22,160 Speaker 3: a lot. 180 00:10:22,200 --> 00:10:24,520 Speaker 2: You're gonna drink some beer and get laid. It's gonna 181 00:10:24,559 --> 00:10:28,839 Speaker 2: be great at the superachiever universities will be for superachievers. 182 00:10:28,840 --> 00:10:29,720 Speaker 2: And that's fine. 183 00:10:29,840 --> 00:10:33,240 Speaker 3: And I remind you of the fact that generally speaking, 184 00:10:33,280 --> 00:10:35,880 Speaker 3: A students work for B students at companies owned by 185 00:10:35,920 --> 00:10:36,520 Speaker 3: C students. 186 00:10:36,520 --> 00:10:39,520 Speaker 2: As the old saying goes, Yeah, I'm glad you mentioned that, 187 00:10:39,559 --> 00:10:41,840 Speaker 2: because Rich Lowry did end with as for students who 188 00:10:41,880 --> 00:10:45,280 Speaker 2: would have been admitted under the old racialized system. It's 189 00:10:45,280 --> 00:10:47,560 Speaker 2: not like they'll have no future. If they end up 190 00:10:47,600 --> 00:10:51,559 Speaker 2: at a good state school somewhere, you'll be absolutely perfectly fine. 191 00:10:51,840 --> 00:10:55,040 Speaker 2: If that good enter off, probably yeah, very good chance 192 00:10:55,040 --> 00:10:57,440 Speaker 2: you will be better off. But the idea that your 193 00:10:57,559 --> 00:11:02,800 Speaker 2: life is ruined or something like that's insane. It took 194 00:11:02,880 --> 00:11:06,800 Speaker 2: us a long time to get here. These affirmative action 195 00:11:06,920 --> 00:11:11,720 Speaker 2: programs exist in large measure to prevent us from considering 196 00:11:11,800 --> 00:11:17,720 Speaker 2: the uncomfortable and difficult questions of black underachievement. I believe 197 00:11:17,800 --> 00:11:20,479 Speaker 2: that to my bone. That's really interesting. 198 00:11:20,720 --> 00:11:24,319 Speaker 1: The Armstrong and Getty Show or John or Joe. 199 00:11:23,960 --> 00:11:31,520 Speaker 2: Podcasts and our hot links The Armstrong and Getty Show. 200 00:11:32,040 --> 00:11:34,200 Speaker 2: Oh here's how money actually works. 201 00:11:39,360 --> 00:11:48,439 Speaker 3: Seven dollars beautiful, Are you about to say something? Okay, 202 00:11:49,160 --> 00:11:51,080 Speaker 3: so we're gonna do the one on one class first 203 00:11:51,120 --> 00:11:53,120 Speaker 3: and then two to one class. If this first part 204 00:11:53,160 --> 00:11:56,599 Speaker 3: is too obvious for some of you, Congratulations on understanding 205 00:11:57,000 --> 00:11:59,920 Speaker 3: the basics of economics, which is a fairly rare thing 206 00:12:00,080 --> 00:12:03,760 Speaker 3: in today's world, which is highly discouraging. But first of all, 207 00:12:04,040 --> 00:12:06,360 Speaker 3: they're talking about who's this writer. I like to give 208 00:12:06,360 --> 00:12:08,480 Speaker 3: credit because this is really well written. Matthew Henessy in 209 00:12:08,520 --> 00:12:11,440 Speaker 3: the Wall Street Journal is talking about the fellows in Oasis, 210 00:12:11,880 --> 00:12:14,600 Speaker 3: the British rock band which is getting back together. 211 00:12:14,760 --> 00:12:17,760 Speaker 2: Wonder Wall. He gets back, he gets. 212 00:12:17,520 --> 00:12:20,679 Speaker 3: Into some of the backstory, the Gallagher brothers who can't 213 00:12:20,720 --> 00:12:22,640 Speaker 3: stand each other and can't get along, but they're the 214 00:12:22,679 --> 00:12:25,920 Speaker 3: indispensable members of the band Oasis. Last month, the Boys 215 00:12:25,960 --> 00:12:28,560 Speaker 3: Buried the Hatchet announced series twenty twenty five concerts. 216 00:12:28,760 --> 00:12:29,280 Speaker 2: Delirious. 217 00:12:29,320 --> 00:12:31,800 Speaker 3: Fans were young and relatively poor during the band's heyday 218 00:12:31,800 --> 00:12:34,520 Speaker 3: are now older and relatively rich. They have the willingness 219 00:12:34,520 --> 00:12:37,880 Speaker 3: and ability to pay to see Oasis and concert. Economically speaking, 220 00:12:37,920 --> 00:12:40,880 Speaker 3: that's called demand, but demand is only one side of 221 00:12:40,920 --> 00:12:42,360 Speaker 3: the economic story. 222 00:12:42,360 --> 00:12:44,120 Speaker 2: Morning Glory for the moment. 223 00:12:44,160 --> 00:12:46,600 Speaker 3: At least, the Oasis reunion is limited to a handful 224 00:12:46,640 --> 00:12:48,560 Speaker 3: of shows, and the Wembley Stadium is large. 225 00:12:48,600 --> 00:12:49,880 Speaker 2: It's not infinitely so. 226 00:12:50,200 --> 00:12:52,400 Speaker 3: And there's no guarantee the brothers will remain on speaking 227 00:12:52,480 --> 00:12:55,599 Speaker 3: terms beyond next summer. Fans understand that this may be 228 00:12:55,720 --> 00:12:58,360 Speaker 3: their last chance to see the battling Gallagher lads together 229 00:12:58,400 --> 00:12:59,000 Speaker 3: on stage. 230 00:12:59,120 --> 00:13:01,400 Speaker 2: Supply is limited now. 231 00:13:01,480 --> 00:13:04,560 Speaker 3: Introductory economics tell us that when supply is tight and 232 00:13:04,600 --> 00:13:08,400 Speaker 3: demand is high, prices rise to an equilibrium, which is 233 00:13:08,440 --> 00:13:11,960 Speaker 3: exactly what happened. Then he talks about dynamic pricing and 234 00:13:12,000 --> 00:13:15,600 Speaker 3: how the tickets are significantly more expensive than they seem 235 00:13:15,679 --> 00:13:19,520 Speaker 3: to be when initially announced. Some accuse the greedy brothers 236 00:13:19,559 --> 00:13:22,160 Speaker 3: of ripping off their loyal fans. Many more aimed their 237 00:13:22,200 --> 00:13:25,520 Speaker 3: Furia ticket Master, the American ticket Sales BMTH, owned by 238 00:13:25,559 --> 00:13:26,600 Speaker 3: Live Nation Entertainment. 239 00:13:26,960 --> 00:13:30,800 Speaker 2: The fur revealed terrible. Probably not going to argue me 240 00:13:30,880 --> 00:13:33,560 Speaker 2: out of my anger aticket ticket Master in general, but 241 00:13:34,120 --> 00:13:34,480 Speaker 2: go on. 242 00:13:35,520 --> 00:13:38,600 Speaker 3: The fees, the fees that creep up onto your bill 243 00:13:38,640 --> 00:13:41,839 Speaker 3: at the end. That's a different topic and an interesting. 244 00:13:41,600 --> 00:13:45,520 Speaker 2: You're electronic sending me of the ticket cost forty dollars what? 245 00:13:46,640 --> 00:13:48,760 Speaker 3: Yeah, anyway, putting that aside, because this is just a 246 00:13:48,840 --> 00:13:52,439 Speaker 3: question of the price of the tickets. The Furer revealed 247 00:13:52,440 --> 00:13:55,760 Speaker 3: a terrible ignorance, even among the highly educated, of what prices. 248 00:13:55,400 --> 00:13:56,240 Speaker 2: Are and how they work. 249 00:13:56,440 --> 00:13:59,880 Speaker 3: I would argue to the journalists that know these are 250 00:14:00,000 --> 00:14:03,320 Speaker 3: people posing is being outraged, they're not actually outraged. Like 251 00:14:03,360 --> 00:14:07,199 Speaker 3: the very Prime Minister of Britain, kir Starmer, told the 252 00:14:07,240 --> 00:14:09,319 Speaker 3: House Commons that he found it depressing to hear of 253 00:14:09,360 --> 00:14:13,360 Speaker 3: the oasis price hikes. He promised a commission to investigate 254 00:14:13,400 --> 00:14:19,480 Speaker 3: what he called extortionate price resellers whatever. Culture Secretary Lisa 255 00:14:19,560 --> 00:14:23,160 Speaker 3: Nandy told the Bebe that quote, vastly inflated prices would 256 00:14:23,200 --> 00:14:25,239 Speaker 3: exclude ordinary fans. 257 00:14:25,360 --> 00:14:29,800 Speaker 2: They have a culture secretary, Yeah, why do you need 258 00:14:29,800 --> 00:14:33,240 Speaker 2: that secretary of culture? And there should be some sort 259 00:14:33,240 --> 00:14:37,600 Speaker 2: of government intervention in that some things are more expensive 260 00:14:37,640 --> 00:14:38,160 Speaker 2: than others. 261 00:14:38,520 --> 00:14:43,200 Speaker 3: What, yeah, bollocks in economic terms, a concert ticket And 262 00:14:43,440 --> 00:14:45,600 Speaker 3: this is the really important part. This is the econ 263 00:14:45,640 --> 00:14:47,400 Speaker 3: one to one stuff that if you don't understand it, 264 00:14:47,440 --> 00:14:51,000 Speaker 3: you don't get anything about economic A concert ticket is 265 00:14:51,080 --> 00:14:53,360 Speaker 3: no different from a book, a bottle of wine, or 266 00:14:53,400 --> 00:14:57,040 Speaker 3: a house. It has no inherent value, only the price 267 00:14:57,080 --> 00:15:00,000 Speaker 3: a buyer is willing to pay, and a seller. 268 00:14:59,760 --> 00:15:01,000 Speaker 2: Is to accept. 269 00:15:01,520 --> 00:15:04,200 Speaker 3: The market clearing price of anything is where demand to 270 00:15:04,280 --> 00:15:07,920 Speaker 3: meet supply. The correct and fair price is whatever the 271 00:15:07,960 --> 00:15:10,680 Speaker 3: market will bear. No buyer has a right to a 272 00:15:10,720 --> 00:15:12,800 Speaker 3: low price, just as no seller has. 273 00:15:12,680 --> 00:15:14,520 Speaker 2: A right to a high price. 274 00:15:14,880 --> 00:15:16,840 Speaker 3: Then they point out the obvious oasis could be nice 275 00:15:16,840 --> 00:15:18,840 Speaker 3: guys and sellar tickets for five bucks, but. 276 00:15:18,880 --> 00:15:21,320 Speaker 2: Scalpers would snatch them all up and resell them for 277 00:15:21,440 --> 00:15:22,440 Speaker 2: much much more. 278 00:15:22,840 --> 00:15:25,560 Speaker 3: What good would it do for Oasis, for the ordinary 279 00:15:25,600 --> 00:15:28,680 Speaker 3: fan or anybody to allow third party resellers to capture 280 00:15:28,720 --> 00:15:29,800 Speaker 3: all that value. 281 00:15:30,200 --> 00:15:36,080 Speaker 2: Well that's what Yeah, that's what people don't understand about sports, 282 00:15:36,320 --> 00:15:40,880 Speaker 2: guitar players, whatever, actors and actresses. Somebody's going to get 283 00:15:40,880 --> 00:15:43,080 Speaker 2: that money because there's a demand for it. So if 284 00:15:43,080 --> 00:15:49,360 Speaker 2: it's not George Clooney or Shoheyo Tani or the Gallagher brothers, 285 00:15:49,920 --> 00:15:53,360 Speaker 2: then the company that puts on the show or the game, 286 00:15:53,480 --> 00:15:55,080 Speaker 2: or the network or whatever, they get the money. But 287 00:15:55,120 --> 00:15:58,960 Speaker 2: somebody is getting the money. It's just the way it works, right. 288 00:15:59,520 --> 00:16:02,960 Speaker 3: A couple more quick tidbits of music industry guru explained 289 00:16:02,960 --> 00:16:05,200 Speaker 3: that the acts hide behind Ticketmaster. 290 00:16:05,600 --> 00:16:08,800 Speaker 2: They want them to take the flack for all this stuff. 291 00:16:08,800 --> 00:16:10,720 Speaker 2: Oh that's pretty good. That's probably true. 292 00:16:11,280 --> 00:16:13,600 Speaker 3: Yeah, it's not good for your image, but Ticketmaster takes 293 00:16:13,600 --> 00:16:18,080 Speaker 3: all the flack. And he also writes, here's the dirty 294 00:16:18,080 --> 00:16:20,560 Speaker 3: little secret. Ticketmaster does nothing that the band does not 295 00:16:20,600 --> 00:16:23,560 Speaker 3: agree to. So anyway, I thought that was a good 296 00:16:23,600 --> 00:16:27,880 Speaker 3: little instructional on if there's demand and little supply, the 297 00:16:27,880 --> 00:16:29,520 Speaker 3: prices are going to go up, and it should and 298 00:16:29,560 --> 00:16:30,080 Speaker 3: you know what's. 299 00:16:29,920 --> 00:16:31,080 Speaker 2: Gonna happen The gallery. 300 00:16:31,080 --> 00:16:33,080 Speaker 3: Good boys are going to put down their fists and 301 00:16:33,560 --> 00:16:36,080 Speaker 3: open up their calendars and say, you know, I'm a 302 00:16:36,160 --> 00:16:37,800 Speaker 3: going to play half a dozen more shows, are you? 303 00:16:38,760 --> 00:16:40,920 Speaker 3: And supply will increase in the prices will I was 304 00:16:41,080 --> 00:16:44,720 Speaker 3: drunk in the backseat of an suv that could go. 305 00:16:44,800 --> 00:16:48,280 Speaker 3: I have one thousand, five hundred stories that start that way, 306 00:16:48,280 --> 00:16:50,720 Speaker 3: but in this particular one enter my seat. 307 00:16:51,320 --> 00:16:53,400 Speaker 2: I was drunk in the back of the suv on 308 00:16:53,440 --> 00:16:56,160 Speaker 2: the way to an Oasis concert Charlotte, North Carolina in 309 00:16:56,240 --> 00:16:59,840 Speaker 2: nineteen ninety five when we heard on the radio that 310 00:16:59,840 --> 00:17:01,720 Speaker 2: they had canceled the concert because the two brothers had 311 00:17:01,720 --> 00:17:05,520 Speaker 2: gotten a fistfight backstage. So I still have not seen them. 312 00:17:06,320 --> 00:17:13,280 Speaker 3: Wow, Wow, Yeah, that legend not overblown. No, that reminds 313 00:17:13,280 --> 00:17:16,080 Speaker 3: me when they were like in their sixties, the Davis brothers. 314 00:17:16,119 --> 00:17:18,399 Speaker 3: It looks like Davies but has pronounced Davis of the Kinks. 315 00:17:19,400 --> 00:17:22,600 Speaker 3: Actually we're continuing to come to blows and scream at 316 00:17:22,640 --> 00:17:25,440 Speaker 3: each other backstage in their sixties trying to tour. 317 00:17:25,840 --> 00:17:31,520 Speaker 2: Wow, get some counseling for us or something. Let it go. 318 00:17:32,960 --> 00:17:41,879 Speaker 1: Armstrong, the Armstrong and Getty Show. 319 00:17:50,160 --> 00:17:53,280 Speaker 3: Today is a major day in my life. To tell 320 00:17:53,440 --> 00:18:01,400 Speaker 3: I think many people have been through this. I I'm 321 00:18:01,400 --> 00:18:03,159 Speaker 3: wearing a shirt that fits for the first time in 322 00:18:03,240 --> 00:18:07,280 Speaker 3: quite some time. I caved and gave in, just to help, 323 00:18:07,320 --> 00:18:08,720 Speaker 3: went ahead and got a bigger size. 324 00:18:09,440 --> 00:18:11,480 Speaker 2: Oh boy, because the size I had been wearing for 325 00:18:11,520 --> 00:18:13,640 Speaker 2: two years had stopped. 326 00:18:13,359 --> 00:18:16,119 Speaker 3: Fitting, and I was pretending that I was going to 327 00:18:16,160 --> 00:18:17,280 Speaker 3: get back into that shirt. 328 00:18:17,920 --> 00:18:22,560 Speaker 2: There's no point in buying new shirts. This shirt fit before. Fine, 329 00:18:23,080 --> 00:18:25,240 Speaker 2: it'll fit again. I just need to get a little discipline. 330 00:18:25,240 --> 00:18:27,639 Speaker 2: But the discipline was not coming, and I was tired 331 00:18:27,760 --> 00:18:32,000 Speaker 2: of being squeezed to death, and so I just bought 332 00:18:32,040 --> 00:18:36,760 Speaker 2: a bigger shirt. And it is so comfortable. So I 333 00:18:36,840 --> 00:18:41,040 Speaker 2: just gave up or acknowledged reality. It depends on how 334 00:18:41,040 --> 00:18:41,679 Speaker 2: you want to look at it. 335 00:18:42,040 --> 00:18:44,840 Speaker 3: A temporary measure, an emergency measure, if you will. 336 00:18:44,960 --> 00:18:47,679 Speaker 2: Is it a temporary measure? Is it? Or is it? 337 00:18:48,200 --> 00:18:50,280 Speaker 2: Or is it on the road to even bigger shirts. 338 00:18:50,320 --> 00:18:52,560 Speaker 2: That's what we'll have to wait. That's what we'll have 339 00:18:52,600 --> 00:18:57,720 Speaker 2: to wait and see. So how bad was the previous size? 340 00:18:57,760 --> 00:19:00,800 Speaker 3: I mean, could you were the buttons like that between 341 00:19:00,800 --> 00:19:04,320 Speaker 3: the buttons gap? Bang's so bad you can see flesh? Yes, 342 00:19:04,880 --> 00:19:07,440 Speaker 3: oh boy, yes, definitely not good. 343 00:19:07,560 --> 00:19:09,400 Speaker 2: I or an undershirt son, no flesh will be seen. 344 00:19:09,400 --> 00:19:10,919 Speaker 2: But yes, yes, that was happening. 345 00:19:11,160 --> 00:19:12,760 Speaker 3: And and and I know for a fact that that 346 00:19:12,880 --> 00:19:14,320 Speaker 3: was not the case when I when I when I 347 00:19:14,359 --> 00:19:17,560 Speaker 3: bought the shirt. So something changed and that something is 348 00:19:17,760 --> 00:19:18,879 Speaker 3: well the number on the scale. 349 00:19:20,040 --> 00:19:23,200 Speaker 2: And uh, I just I just I just so it's 350 00:19:23,200 --> 00:19:25,360 Speaker 2: a big day. It's a big day. I just admitted. 351 00:19:25,400 --> 00:19:27,240 Speaker 2: You know what, you're a different size than you were 352 00:19:27,240 --> 00:19:29,280 Speaker 2: for the past two years. You just are. There's more 353 00:19:29,320 --> 00:19:33,520 Speaker 2: of you to love. Okay, yeah, well, and again, the. 354 00:19:35,119 --> 00:19:39,520 Speaker 3: Days of discipline are coming any minute now or not. 355 00:19:40,800 --> 00:19:43,480 Speaker 2: Okay, I hope they are. But they're trying to be positive. 356 00:19:43,520 --> 00:19:45,320 Speaker 2: I'm trying to provide a little leadership here. 357 00:19:45,560 --> 00:19:49,879 Speaker 3: I don't feel like Jim Harbaugh going to the Los 358 00:19:49,920 --> 00:19:55,720 Speaker 3: Angeles Chargers. What a terrible idea. We need to change 359 00:19:55,720 --> 00:19:59,600 Speaker 3: the culture here. You're not buying into my system, right. 360 00:19:59,680 --> 00:20:02,280 Speaker 2: But I I thought the discipline was coming all of 361 00:20:02,320 --> 00:20:04,840 Speaker 2: those days of wearing my shirt with the things split 362 00:20:04,960 --> 00:20:07,480 Speaker 2: open in the middle, thinking, you know, this is embarrassing, 363 00:20:07,520 --> 00:20:09,600 Speaker 2: but that's part of what's going to motivate you to 364 00:20:09,680 --> 00:20:11,119 Speaker 2: not eat you know, crap today. 365 00:20:11,160 --> 00:20:13,439 Speaker 3: But it wasn't working. In the reason the buttons were 366 00:20:13,440 --> 00:20:15,920 Speaker 3: gonna pop off and put somebody's eye out. Oh boy, 367 00:20:16,119 --> 00:20:16,879 Speaker 3: nobody wants that. 368 00:20:17,080 --> 00:20:20,399 Speaker 2: So anyway, it's just somewhat relaxing to have just giving up. 369 00:20:20,680 --> 00:20:26,040 Speaker 2: We still accept you, thank you, thank you. Wow. There 370 00:20:26,080 --> 00:20:27,400 Speaker 2: you go. Michael, that's nice. 371 00:20:27,480 --> 00:20:30,160 Speaker 3: That's a kind of a Michael's art director of DEI, 372 00:20:30,720 --> 00:20:32,240 Speaker 3: and he's making sure. 373 00:20:32,160 --> 00:20:33,960 Speaker 2: Jack feels inclusioned. 374 00:20:34,400 --> 00:20:37,720 Speaker 3: Lizzo is my hero and fat acceptable is my cause. 375 00:20:39,560 --> 00:20:43,920 Speaker 3: So there you are, enjoy your infarction. It's fairly common, 376 00:20:43,960 --> 00:20:46,000 Speaker 3: isn't it. I've never had this, but it's fairly common. 377 00:20:46,000 --> 00:20:48,639 Speaker 3: It isn't to have a group of clothes that you 378 00:20:49,160 --> 00:20:52,720 Speaker 3: want to be in or were once in here, and 379 00:20:52,760 --> 00:20:54,720 Speaker 3: then another group of clothes that you were currently wearing. 380 00:20:55,119 --> 00:20:56,480 Speaker 2: Oh I got half a closet full. 381 00:20:56,760 --> 00:21:00,240 Speaker 3: Yeah yeah, of like mostly two different weights are all 382 00:21:00,280 --> 00:21:01,240 Speaker 3: the shades in between. 383 00:21:04,200 --> 00:21:07,840 Speaker 2: That's difficult to say. I will just. 384 00:21:09,280 --> 00:21:15,280 Speaker 3: I describe it as this realistic and unrealistic. Do you 385 00:21:15,320 --> 00:21:17,080 Speaker 3: have some clothes that like you'll never wear but you 386 00:21:17,119 --> 00:21:19,880 Speaker 3: still hang on to And then there's there's like the 387 00:21:19,960 --> 00:21:23,439 Speaker 3: lawless border region, the gray area. It might be it 388 00:21:23,520 --> 00:21:27,919 Speaker 3: might conceivably be on me someday, but it's unluckly do 389 00:21:27,960 --> 00:21:28,480 Speaker 3: I have clothes. 390 00:21:28,560 --> 00:21:30,200 Speaker 2: What that I've you said unrealistic. 391 00:21:30,240 --> 00:21:31,760 Speaker 3: So I just wondered to like, if you have some clothes, 392 00:21:31,800 --> 00:21:34,000 Speaker 3: you think, yeah, that could happen, but it's not. 393 00:21:34,920 --> 00:21:38,960 Speaker 2: Yeah, yeah, yeah. In particular, T shirts. I got a 394 00:21:38,960 --> 00:21:40,680 Speaker 2: lot of T shirts, A lot of great T shirts, 395 00:21:40,760 --> 00:21:46,320 Speaker 2: cool T shirts, a concert, fun places I've been, that 396 00:21:46,359 --> 00:21:48,159 Speaker 2: sort of thing, and a lot of them. 397 00:21:48,800 --> 00:21:50,320 Speaker 3: If I were to put them on now, well, they 398 00:21:50,400 --> 00:21:53,560 Speaker 3: look like an undergarment stretched across me. 399 00:21:53,760 --> 00:21:56,160 Speaker 2: I was just thinking, luckily, so far, I still wear 400 00:21:56,200 --> 00:21:57,919 Speaker 2: the same size socks. When I need to go up 401 00:21:57,960 --> 00:22:00,240 Speaker 2: in the sock size it when I have to really 402 00:22:00,240 --> 00:22:03,760 Speaker 2: take a look at myself, my feet, if really gained weight. 403 00:22:06,640 --> 00:22:10,640 Speaker 2: Ah boy, as I heard a woman say not too 404 00:22:10,680 --> 00:22:12,879 Speaker 2: long ago, and I thought it was hilarious. Said I 405 00:22:12,880 --> 00:22:14,520 Speaker 2: got this morning and put on my pens and thought, well, 406 00:22:14,600 --> 00:22:17,000 Speaker 2: looks like we outgrew these. We're getting bigger, aren't we. 407 00:22:21,480 --> 00:22:22,240 Speaker 2: Oh that happens. 408 00:22:22,320 --> 00:22:27,000 Speaker 3: Speaking of economics, moving along, Argentina's new president, this Mela 409 00:22:27,240 --> 00:22:31,439 Speaker 3: Fella Javier Milai, who were big fans of man, is 410 00:22:31,440 --> 00:22:38,919 Speaker 3: he up against it? So interesting? He is trying to 411 00:22:38,960 --> 00:22:43,639 Speaker 3: get a junkie to go straight and Argentina is not 412 00:22:43,840 --> 00:22:48,040 Speaker 3: addicted to heroin and fentanyl and opioids or whatever. They're 413 00:22:48,119 --> 00:22:53,399 Speaker 3: addicted to socialism. And it's so interesting. I've been reading 414 00:22:53,480 --> 00:22:57,600 Speaker 3: about what he's trying to accomplish and how painful it's 415 00:22:57,600 --> 00:22:58,880 Speaker 3: going to be to get there. 416 00:22:58,960 --> 00:23:02,560 Speaker 2: And all of the four horses who are fighting him 417 00:23:02,600 --> 00:23:03,280 Speaker 2: tooth and nail. 418 00:23:04,080 --> 00:23:07,880 Speaker 3: And when you have a socialist system, for more than 419 00:23:07,960 --> 00:23:13,199 Speaker 3: like a cup of coffee, everybody depends on government large 420 00:23:13,359 --> 00:23:17,600 Speaker 3: s for their you know, for their living, for their comfort, 421 00:23:17,640 --> 00:23:22,200 Speaker 3: for their luxuries, whether legitimately through the system or and. 422 00:23:22,080 --> 00:23:25,840 Speaker 2: This is inevitable. It happens every time socialism rampant corruption. 423 00:23:26,600 --> 00:23:29,879 Speaker 3: And so the forces aligned against this guy trying to 424 00:23:29,880 --> 00:23:33,840 Speaker 3: solve Argentina's problems are probably insurmountable. 425 00:23:34,640 --> 00:23:37,560 Speaker 2: But the similarity to the drug to a drug. 426 00:23:37,320 --> 00:23:40,160 Speaker 3: Addiction is so I mean, it's such a great metaphor 427 00:23:40,560 --> 00:23:44,159 Speaker 3: because it obviously has to happen. I mean, they're in 428 00:23:44,240 --> 00:23:51,840 Speaker 3: a disastrous state. But everybody is so dependent now on socialism, 429 00:23:52,200 --> 00:23:53,920 Speaker 3: nobody can see any way out of the. 430 00:23:53,880 --> 00:23:56,840 Speaker 2: Situation, which is, you know why those of us. 431 00:23:56,760 --> 00:24:00,080 Speaker 3: Who are you know, practically fanatical opponents of socialism and 432 00:24:00,080 --> 00:24:04,000 Speaker 3: communism are so adamant about the way we make step 433 00:24:04,040 --> 00:24:08,840 Speaker 3: after step after step toward that in the US, because 434 00:24:08,840 --> 00:24:13,680 Speaker 3: we recognize, yeah, going from five you know, oxy cotone 435 00:24:14,359 --> 00:24:16,679 Speaker 3: or what's the strong one, oxy counting, I can't remember. 436 00:24:17,320 --> 00:24:19,960 Speaker 3: It's all about those synthetics now that are gonna make 437 00:24:20,080 --> 00:24:22,719 Speaker 3: fentanyl look like the good old days, according to some 438 00:24:22,800 --> 00:24:23,600 Speaker 3: medical experts. 439 00:24:23,680 --> 00:24:24,679 Speaker 2: Yeah, if you can imagine that. 440 00:24:25,000 --> 00:24:28,960 Speaker 3: But yeah, if you go from Goblin five oxy count 441 00:24:28,960 --> 00:24:32,399 Speaker 3: in a day to seven, you know, Okay, that's just 442 00:24:32,480 --> 00:24:35,160 Speaker 3: two pills. But man, you're making it harder and harder 443 00:24:35,200 --> 00:24:35,879 Speaker 3: and harder. 444 00:24:35,640 --> 00:24:39,280 Speaker 2: To ever get straight. Yeah. Once you're getting something for free, 445 00:24:40,000 --> 00:24:41,920 Speaker 2: even if it kind of didn't make sense to get 446 00:24:41,920 --> 00:24:43,440 Speaker 2: it for free in the first place, how you ever 447 00:24:43,480 --> 00:24:46,160 Speaker 2: going to take it away from someone? Oh, I know free. 448 00:24:46,200 --> 00:24:48,960 Speaker 2: I'm using my finger quotes and italics in bold. There's 449 00:24:49,000 --> 00:24:50,760 Speaker 2: no such thing as free. I hate that word. It 450 00:24:50,760 --> 00:24:53,960 Speaker 2: ought to be banned from the English language. Yeah, and 451 00:24:54,000 --> 00:24:54,480 Speaker 2: there are. 452 00:24:54,440 --> 00:24:58,719 Speaker 3: Hundreds of examples in our system, our welfare programs that 453 00:24:59,040 --> 00:25:02,639 Speaker 3: on Tuesday, I've imagined it that you need it or 454 00:25:02,680 --> 00:25:04,320 Speaker 3: want it, or anybody would do it for you. 455 00:25:05,000 --> 00:25:06,480 Speaker 2: On Wednesday, they grant it. 456 00:25:06,920 --> 00:25:12,840 Speaker 3: By Thursday, you're militantly against it ever going away because 457 00:25:12,880 --> 00:25:19,840 Speaker 3: you're you're saying that would cause me pain and financial difficulty. 458 00:25:19,240 --> 00:25:21,919 Speaker 2: And the rest. And it's sincere that's true. It will 459 00:25:22,000 --> 00:25:22,359 Speaker 2: do that. 460 00:25:23,400 --> 00:25:25,600 Speaker 3: And you know my final thought on this screed because 461 00:25:25,600 --> 00:25:29,119 Speaker 3: I can't help myself. The people who pass these programs 462 00:25:29,160 --> 00:25:33,240 Speaker 3: are one hundred percent cognizant of these facts. They're not 463 00:25:33,440 --> 00:25:38,560 Speaker 3: accidentally getting you hooked on them. You're dependent on them. 464 00:25:38,960 --> 00:25:42,520 Speaker 3: Final note, And I thought this was so interesting. Everybody's 465 00:25:42,560 --> 00:25:47,200 Speaker 3: heard the stock markets are the various indices are setting records. 466 00:25:46,920 --> 00:25:49,280 Speaker 2: Right, you're S and P your Dow Jones. I know, 467 00:25:49,520 --> 00:25:50,960 Speaker 2: I just looked at my four oh one K the 468 00:25:51,000 --> 00:25:51,400 Speaker 2: other day. 469 00:25:51,800 --> 00:25:51,879 Speaker 1: What. 470 00:25:53,240 --> 00:25:56,879 Speaker 3: Yeah, I've resisted the temptation because I'm afraid it's going 471 00:25:56,920 --> 00:26:00,639 Speaker 3: to go kurb Bluey, particularly after reading this. Sorry, and 472 00:26:00,680 --> 00:26:03,120 Speaker 3: this is not just doom saying. I found this so interesting. 473 00:26:04,040 --> 00:26:10,480 Speaker 3: There are eleven sectors that the is this The SNP 474 00:26:11,440 --> 00:26:20,040 Speaker 3: looks at eleven different sectors from where's the list industrials, financials, 475 00:26:20,119 --> 00:26:28,320 Speaker 3: consumer staples, real estate, healthcare, utilities, materials, and tech. Ten 476 00:26:28,400 --> 00:26:31,800 Speaker 3: of those eleven indices are flattered down. Only tech is up. 477 00:26:32,920 --> 00:26:37,280 Speaker 3: Only tech yipes has dragged the S and P up. 478 00:26:37,400 --> 00:26:40,679 Speaker 2: That's a good perspective, right, there. Yeah, I was shocked, 479 00:26:41,520 --> 00:26:42,280 Speaker 2: shocked by that. 480 00:26:42,760 --> 00:26:45,440 Speaker 3: Let me get to the ten other sectors are trading 481 00:26:45,480 --> 00:26:48,240 Speaker 3: an average of fifteen percent below their all time highs, 482 00:26:48,480 --> 00:26:50,639 Speaker 3: and none has set a new record in January. The 483 00:26:50,760 --> 00:26:52,840 Speaker 3: equal weight to S and P five hundred, which gives 484 00:26:52,840 --> 00:26:55,040 Speaker 3: the same status smallest and largest companies in the index, 485 00:26:55,400 --> 00:26:57,640 Speaker 3: is down point three percent this year. 486 00:26:58,240 --> 00:27:00,880 Speaker 2: The market's rally two years ago is much wider. 487 00:27:01,280 --> 00:27:05,240 Speaker 3: Seven other sectors, industrials, financials, consumer stables joined tech to 488 00:27:05,280 --> 00:27:07,760 Speaker 3: trade at new highs in the two weeks that was 489 00:27:07,880 --> 00:27:09,160 Speaker 3: January twenty twenty two. 490 00:27:09,440 --> 00:27:14,560 Speaker 2: And that fits with what I'm feeling, or what Americans 491 00:27:14,600 --> 00:27:16,280 Speaker 2: seem to be feeling. I mean, when I keep hearing 492 00:27:16,320 --> 00:27:18,760 Speaker 2: about these records in the stock mart, I keep thinking, Man, 493 00:27:18,800 --> 00:27:21,200 Speaker 2: it doesn't feel like that, all right. Well, that's because 494 00:27:21,200 --> 00:27:23,879 Speaker 2: it's just the tech sector. It's it's kind of like 495 00:27:23,920 --> 00:27:26,280 Speaker 2: our old story of if Bill Gates, Bill Gates walks 496 00:27:26,320 --> 00:27:28,960 Speaker 2: into a bar, the average networth in the bar is 497 00:27:29,000 --> 00:27:31,880 Speaker 2: now forty billion dollars. Well, that doesn't that doesn't tell 498 00:27:31,960 --> 00:27:34,000 Speaker 2: you anything, right, right? 499 00:27:34,640 --> 00:27:37,359 Speaker 3: Final note they give it For example, if SEC is 500 00:27:37,440 --> 00:27:40,680 Speaker 3: set not SEX six, if six of the biggest tech 501 00:27:40,720 --> 00:27:43,800 Speaker 3: stocks were to pull back to their two hundred day 502 00:27:43,880 --> 00:27:48,000 Speaker 3: moving averages, which is the measure they have for. 503 00:27:49,240 --> 00:27:50,800 Speaker 2: To see longer term price trends. 504 00:27:50,880 --> 00:27:53,359 Speaker 3: It eliminates the updown, updown, updown, and you see the 505 00:27:53,359 --> 00:27:56,720 Speaker 3: greater trend. So anyway, if the six biggest tech stocks 506 00:27:56,720 --> 00:27:59,119 Speaker 3: were to pull back to their two hundred day moving average, 507 00:27:59,200 --> 00:28:01,480 Speaker 3: it would knock about five percent off the S and 508 00:28:01,520 --> 00:28:04,359 Speaker 3: P five hundred. A five percent drop would be a 509 00:28:04,760 --> 00:28:06,159 Speaker 3: cataclysmic issue. 510 00:28:06,200 --> 00:28:08,439 Speaker 2: Sure, oh yeah, I'd get your attention. 511 00:28:08,800 --> 00:28:12,240 Speaker 3: Yeah, which is not to say, well, it's a little precarious. 512 00:28:12,280 --> 00:28:14,639 Speaker 3: I mean, text in good shape. People need technology, chips 513 00:28:14,640 --> 00:28:16,439 Speaker 3: and the rest of it. But it does give you 514 00:28:16,480 --> 00:28:17,359 Speaker 3: a different perspective. 515 00:28:19,480 --> 00:28:23,720 Speaker 2: By the way, the Treasury Secretary Janet Yellen said yesterday, 516 00:28:24,560 --> 00:28:27,080 Speaker 2: I think most Americans know that prices are not likely 517 00:28:27,160 --> 00:28:31,720 Speaker 2: to fall. About the whole inflation thing, I don't know. 518 00:28:31,760 --> 00:28:33,360 Speaker 2: Do you watch the news much. That's not what they 519 00:28:33,359 --> 00:28:34,840 Speaker 2: tell them on the news, or that's not the way. 520 00:28:34,920 --> 00:28:36,560 Speaker 2: Our Vice president doesn't seem to get that. 521 00:28:37,200 --> 00:28:42,320 Speaker 3: Yep, our talking heads don't know that inflation is down. 522 00:28:43,000 --> 00:28:45,080 Speaker 2: Finally, prices are easing. 523 00:28:45,320 --> 00:28:51,360 Speaker 3: Inflation is down, you chuckleheads, you inchits yous. 524 00:29:01,440 --> 00:29:03,200 Speaker 1: Thee Armstrong and Getty sharp. 525 00:29:06,400 --> 00:29:09,120 Speaker 3: I have not packed off of my crackpot theory that 526 00:29:09,520 --> 00:29:14,000 Speaker 3: because of the pandemic, then the post pandemic high people 527 00:29:14,080 --> 00:29:17,040 Speaker 3: around the bounce back spending, revenge spending, there were a bunch. 528 00:29:16,800 --> 00:29:17,400 Speaker 2: Of terms for it. 529 00:29:17,720 --> 00:29:21,080 Speaker 3: I just think the feeling of and maybe there's a 530 00:29:21,080 --> 00:29:24,400 Speaker 3: technical term for this in the world of psychology, but 531 00:29:24,520 --> 00:29:31,360 Speaker 3: I think the vacation money feeling has persisted among American 532 00:29:31,480 --> 00:29:34,560 Speaker 3: consumers in a way that it never has before. The 533 00:29:34,600 --> 00:29:36,960 Speaker 3: way you spend money on vacation and buy stuff and 534 00:29:37,040 --> 00:29:40,000 Speaker 3: eat out and order the top shelf licker or whatever 535 00:29:40,080 --> 00:29:43,280 Speaker 3: your example is, you spend money on vacation differently. We 536 00:29:43,320 --> 00:29:45,360 Speaker 3: all make jokes about it. I just think that's like 537 00:29:45,560 --> 00:29:47,040 Speaker 3: stayed in our bloodstream. 538 00:29:47,560 --> 00:29:52,440 Speaker 2: Could be that, or some sort of life's too short thing, 539 00:29:52,640 --> 00:29:56,600 Speaker 2: which is a dumb way to look at finances. Is 540 00:29:56,640 --> 00:29:58,800 Speaker 2: that last several decades of your life is going to 541 00:29:58,840 --> 00:30:01,640 Speaker 2: really be really unpleasant if you don't have any money. 542 00:30:02,720 --> 00:30:06,240 Speaker 3: But yeah, you only live once, and you shouldn't be 543 00:30:06,400 --> 00:30:10,200 Speaker 3: aiating dog food signed the eighty five year old you. 544 00:30:13,520 --> 00:30:15,920 Speaker 2: Based on my experience, Well, I guess dog food's cheaper 545 00:30:15,960 --> 00:30:18,240 Speaker 2: than regular food, but it ain't cheap. What's a dog 546 00:30:18,240 --> 00:30:23,440 Speaker 2: food I buy not the stuff worth eat. Right, speaking 547 00:30:23,440 --> 00:30:25,640 Speaker 2: of eating, got this text. This is from something I 548 00:30:25,680 --> 00:30:28,720 Speaker 2: talked about earlier in the program. Jack listening to the 549 00:30:28,760 --> 00:30:31,080 Speaker 2: first hour, and my heart dropped when you said that 550 00:30:31,120 --> 00:30:33,120 Speaker 2: you gave in. I thought you were going to say 551 00:30:33,120 --> 00:30:35,360 Speaker 2: that you had a drink. Thank God, that's not the case. 552 00:30:35,680 --> 00:30:37,400 Speaker 2: Glad to hear that you just ended up buying a 553 00:30:37,440 --> 00:30:41,280 Speaker 2: shirt that fit. Yes, because a major one way to 554 00:30:41,320 --> 00:30:43,920 Speaker 2: put it, major moments in my life today where I'm 555 00:30:43,920 --> 00:30:45,640 Speaker 2: wearing a shirt that fits for the first time in 556 00:30:45,680 --> 00:30:51,120 Speaker 2: a while, as I had become about ten pounds lighter 557 00:30:51,160 --> 00:30:53,680 Speaker 2: than I had been for a while, and I got 558 00:30:53,720 --> 00:30:55,760 Speaker 2: all new dress shirts to wear with my suits, and 559 00:30:55,760 --> 00:30:57,520 Speaker 2: that worked for about a year and a half or so. 560 00:30:58,040 --> 00:31:05,280 Speaker 2: But I have a reclaimed those lost LB's and those 561 00:31:05,280 --> 00:31:08,000 Speaker 2: shirts were no longer fitting, and not only were they uncomfortable, 562 00:31:08,000 --> 00:31:10,520 Speaker 2: but I had this spread on my shirt where like 563 00:31:10,560 --> 00:31:12,280 Speaker 2: the buttons are gonna pop off, or where that's not 564 00:31:12,320 --> 00:31:16,200 Speaker 2: a good look and I should be no visible belly. 565 00:31:16,400 --> 00:31:18,320 Speaker 2: I went with that for a while, thinking, well, I'm 566 00:31:18,320 --> 00:31:20,240 Speaker 2: not gonna get new shirts, I'm just gonna lose the 567 00:31:20,280 --> 00:31:23,560 Speaker 2: weight again or these shirts fed again. But I finally 568 00:31:23,600 --> 00:31:27,440 Speaker 2: decided the other day. It's been long enough. Clearly, clearly, 569 00:31:27,480 --> 00:31:28,880 Speaker 2: you're not going to do that. How about you buy 570 00:31:28,920 --> 00:31:30,520 Speaker 2: some shirts that fit. So I bought a larger sized 571 00:31:30,520 --> 00:31:31,960 Speaker 2: shirt and that's what I'm wearing today, and it looks 572 00:31:32,000 --> 00:31:35,280 Speaker 2: much better, it's much more comfortable, and I just gave up. 573 00:31:35,440 --> 00:31:40,000 Speaker 2: So I've given up. What a beautiful example of spin, 574 00:31:40,240 --> 00:31:42,680 Speaker 2: something that is completely accurate. But it is clearly spin. 575 00:31:42,960 --> 00:31:46,000 Speaker 2: I bought a shirt that fits. It's true. 576 00:31:47,720 --> 00:31:49,720 Speaker 3: The other side of that coin is I've gained so 577 00:31:49,800 --> 00:31:56,800 Speaker 3: much weight. I was forced into buying new clothing, and. 578 00:31:56,680 --> 00:31:57,360 Speaker 2: I don't believe me. 579 00:31:57,360 --> 00:31:59,680 Speaker 3: I'm not coming from a place of judgment. I'm just 580 00:32:00,000 --> 00:32:02,720 Speaker 3: pointing out the rhetorical you know art there. 581 00:32:02,440 --> 00:32:05,320 Speaker 2: And I have a whole bunch of not inexpensive dress 582 00:32:05,320 --> 00:32:07,840 Speaker 2: shirts that I really shouldn't wear unless I want to 583 00:32:07,840 --> 00:32:11,160 Speaker 2: be mocked as I walk away. Well, what size are 584 00:32:11,160 --> 00:32:13,280 Speaker 2: you in right now? Treshirt wise? This is your new size? 585 00:32:13,320 --> 00:32:15,360 Speaker 2: This is a large. I was wearing mediums, which a 586 00:32:15,400 --> 00:32:18,000 Speaker 2: medium is my size if I'm one eighty five, because 587 00:32:18,000 --> 00:32:23,280 Speaker 2: I'm I'm just that well, and size inflation, a medium 588 00:32:23,320 --> 00:32:27,840 Speaker 2: wouldn't have fit me in nineteen ninety. But everything's gotten 589 00:32:27,880 --> 00:32:30,520 Speaker 2: so much bigger. A large is like an extra large now. 590 00:32:31,160 --> 00:32:32,840 Speaker 3: Right, I just did and the media is like the 591 00:32:32,920 --> 00:32:35,680 Speaker 3: number the sixteen or fifteen and a half. 592 00:32:35,800 --> 00:32:37,800 Speaker 2: I don't know that the next size. I don't know that. 593 00:32:37,840 --> 00:32:39,520 Speaker 2: I don't know if my neck has changed much, but 594 00:32:40,280 --> 00:32:43,480 Speaker 2: the uh, the circumference of my move area is certainly different. 595 00:32:43,680 --> 00:32:48,960 Speaker 2: Oh boy, all right? Anyway, was I gonna say baa 596 00:32:49,400 --> 00:32:53,040 Speaker 2: no idea? I was actually looking at jeans or shirts 597 00:32:53,080 --> 00:32:56,560 Speaker 2: or something the other day online and they said, we 598 00:32:56,640 --> 00:33:00,760 Speaker 2: don't do size inflation. This is our actual sizes. And 599 00:33:00,800 --> 00:33:02,760 Speaker 2: they gave the inches and I was like, okay, I'm 600 00:33:02,760 --> 00:33:06,280 Speaker 2: gonna have to recalibrate here. So if I want something 601 00:33:06,320 --> 00:33:08,440 Speaker 2: that fits in your shirts, I'm gonna have to get 602 00:33:08,440 --> 00:33:11,840 Speaker 2: an extra large as opposed to like a medium or large. 603 00:33:11,960 --> 00:33:14,360 Speaker 2: That's interesting that they're fighting that battle. I know. 604 00:33:15,040 --> 00:33:18,080 Speaker 3: Yeah, it's nearly hilarious when you go and ladies you 605 00:33:18,120 --> 00:33:21,200 Speaker 3: deal with this times five, but you go, I don't know, 606 00:33:21,240 --> 00:33:24,520 Speaker 3: I'm gonna buy some golf shorts or whatever, and you 607 00:33:24,560 --> 00:33:25,280 Speaker 3: know that brand. 608 00:33:25,280 --> 00:33:26,800 Speaker 2: Oh I like that pair of that pair is good. 609 00:33:26,920 --> 00:33:27,560 Speaker 2: That pair is good. 610 00:33:28,000 --> 00:33:31,840 Speaker 3: And the thirty four is looser than this thirty six, 611 00:33:32,400 --> 00:33:35,400 Speaker 3: and the thirty five is way tighter than this thirty 612 00:33:35,440 --> 00:33:37,480 Speaker 3: it's and it's just you just have to try it 613 00:33:37,520 --> 00:33:38,920 Speaker 3: because there's so much size inflation. 614 00:33:38,960 --> 00:33:42,840 Speaker 4: True, Katie Joe Getty just named the exact reason as 615 00:33:42,840 --> 00:33:44,920 Speaker 4: to why I hate shopping. 616 00:33:44,680 --> 00:33:46,440 Speaker 2: Because the sizes are all over the place. 617 00:33:46,680 --> 00:33:50,040 Speaker 4: Every brand with I mean, pants, shirts, all of it. 618 00:33:50,240 --> 00:33:52,920 Speaker 4: I have so many different sizes in my closet it 619 00:33:52,920 --> 00:33:53,800 Speaker 4: doesn't even make sense. 620 00:33:53,920 --> 00:33:55,080 Speaker 2: Yeah, but they all fit me. 621 00:33:55,680 --> 00:33:57,680 Speaker 4: Then they all range from a small to an extra 622 00:33:57,760 --> 00:33:59,920 Speaker 4: large because nobody can make up their mind on this side. 623 00:34:00,440 --> 00:34:02,400 Speaker 2: Yeah, that's why I tend to stick with a brand 624 00:34:02,480 --> 00:34:04,200 Speaker 2: once I get the size, just because I don't want 625 00:34:04,240 --> 00:34:08,520 Speaker 2: to do that anymore. But I wonder, I'm kind of 626 00:34:08,520 --> 00:34:11,680 Speaker 2: interested myself. Will I ever be back in those shirts again? 627 00:34:12,600 --> 00:34:15,400 Speaker 2: I don't know. I was pretending that I would be 628 00:34:15,400 --> 00:34:17,000 Speaker 2: there for a while, but I may have just decided. 629 00:34:17,000 --> 00:34:19,120 Speaker 2: You know, it ain't gonna happen, and I don't care 630 00:34:19,239 --> 00:34:21,200 Speaker 2: enough to make it happen. It is not enough of 631 00:34:21,239 --> 00:34:25,720 Speaker 2: a priority. So whatever, not right now? Give it time? 632 00:34:26,520 --> 00:34:30,880 Speaker 2: You think, sure, Yeah, I think realistically, if you're going 633 00:34:30,920 --> 00:34:34,480 Speaker 2: to be a betting man, no, I think for most people. 634 00:34:35,080 --> 00:34:37,560 Speaker 3: Well, right, But that's that's not the way I run 635 00:34:37,640 --> 00:34:40,840 Speaker 3: my life. I mean, if there's a one in five chance, 636 00:34:40,920 --> 00:34:44,040 Speaker 3: I mean, like according to Las Vegas, but it's important 637 00:34:44,040 --> 00:34:45,120 Speaker 3: to me, I'll. 638 00:34:44,880 --> 00:34:46,640 Speaker 2: Make it happen. Well, I don't think it's important to me. 639 00:34:46,680 --> 00:34:49,640 Speaker 2: So you're telling me to let a change right now? Right, 640 00:34:49,840 --> 00:34:52,719 Speaker 2: I think you'll be back. You have it, you have it. 641 00:34:52,760 --> 00:34:56,080 Speaker 2: I think it's on your plate right now. Pun not intended. 642 00:34:57,200 --> 00:34:59,000 Speaker 2: I think it's gonna be a health scare though, like 643 00:34:59,320 --> 00:35:01,600 Speaker 2: what I had to do. I'm not. I'm not health 644 00:35:01,640 --> 00:35:04,600 Speaker 2: scare heavy. I'm just not as skinny as I want 645 00:35:04,640 --> 00:35:06,759 Speaker 2: it or not. No, I'm not. I know I'm not. 646 00:35:08,200 --> 00:35:08,759 Speaker 2: So that's well. 647 00:35:08,800 --> 00:35:11,160 Speaker 3: I remember the other day you were trying to pay 648 00:35:11,200 --> 00:35:12,920 Speaker 3: a toll at the Bay Bridge and you couldn't get 649 00:35:12,960 --> 00:35:14,080 Speaker 3: your head out the window. 650 00:35:17,719 --> 00:35:20,439 Speaker 2: I I you know you most guys, when they are women, 651 00:35:20,480 --> 00:35:22,400 Speaker 2: when they get divorced, they go all crazy skinny. I 652 00:35:22,440 --> 00:35:23,719 Speaker 2: decide to go the other way. You know what, I'm 653 00:35:23,719 --> 00:35:26,680 Speaker 2: gonna dare you to date me? That's what I did see. 654 00:35:26,840 --> 00:35:29,040 Speaker 2: See huh you want some of this? There's plenty more 655 00:35:29,080 --> 00:35:32,120 Speaker 2: of me to love, That's what I keep saying. My 656 00:35:32,160 --> 00:35:34,480 Speaker 2: buddy Dave the Cyclist just to text it. 657 00:35:34,520 --> 00:35:37,480 Speaker 3: If you ever buy Italian cycling clothes, you will feel 658 00:35:37,520 --> 00:35:42,200 Speaker 3: morbidly obese. I wear three X sizes in Italian stuff 659 00:35:42,360 --> 00:35:44,080 Speaker 3: compared to large in US. 660 00:35:44,280 --> 00:35:48,080 Speaker 2: Why the three X is a little tight? Wow, now 661 00:35:48,120 --> 00:35:50,359 Speaker 2: that's reality. That would be good for all of us, 662 00:35:50,800 --> 00:35:54,000 Speaker 2: just for like one day, all the stores in America 663 00:35:54,080 --> 00:35:55,880 Speaker 2: go back to the sizes as they were in like 664 00:35:56,000 --> 00:35:59,080 Speaker 2: nineteen ninety five. Go shopping today, everybody, and see if 665 00:35:59,080 --> 00:36:00,480 Speaker 2: you feel the same way about yourself. 666 00:36:01,719 --> 00:36:02,880 Speaker 1: Armstrong and getty 667 00:36:08,080 --> 00:36:08,360 Speaker 3: Yahm