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Speaker 1: You're listening to the Buck Sexton Show podcast, make sure

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Speaker 1: you subscribe to the podcast on the iHeartRadio app or

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Speaker 1: wherever you get your podcasts.

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Speaker 2: Back by popular demand. Alex Parents in Everybody, the man himself,

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Speaker 2: some people are saying unreported truths on substack. The best

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Speaker 2: substack also author and a man who told the important

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Speaker 2: truths during COVID and still telling important truths, including when

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Speaker 2: his own audience is going to yell at him. But

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Speaker 2: I'll let him explain that to you some other time,

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Speaker 2: mister Barrett said, good to have you on.

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Speaker 1: Is there anyone who doesn't say unreported truths? Is not

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Speaker 1: the best substack? Because I want to find that. No.

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Speaker 2: I think. I think, especially anything you say in Trump

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Speaker 2: voice is inherently true and inarguable. So I feel like

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Speaker 2: it has been blessed. It has been blessed from on high.

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Speaker 2: Now let's start. Let's start with this one Democrats. As

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Speaker 2: you and I speak here, we're heading into the end

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Speaker 2: of this longest government shutdown ever. And what we've been

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Speaker 2: told is that this one the Democrats could stand for

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Speaker 2: everyone to have healthcare. But to me, it's Hey, everybody,

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Speaker 2: maybe pay attention to the fact that Democrats have ruined,

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Speaker 2: ruined healthcare more so than I think anyone even recognized

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Speaker 2: until they started looking at the numbers.

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Speaker 1: Yeah, I think you're right. So you know, they were

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Speaker 1: gonna they were not going to back off until they

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Speaker 1: got you know, umpteen billion dollars more in subsidies for Obamacare,

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Speaker 1: you know, for people, by the way, who are making

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Speaker 1: up in some case to one hundred and fifty thousand

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Speaker 1: dollars a year. So not even middle class people, really

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Speaker 1: upper middle class people, because you know, you may maybe

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Speaker 1: if you were, you know, a Democratic politician in San Francisco,

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Speaker 1: you don't realize that one hundred fifty thousand dollars actually

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Speaker 1: a lot of money for most of the country. Yeah,

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Speaker 1: and so and so, you know, the Democrats want to

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Speaker 1: shovel billions and and billions of dollars in subsidies indefinitely

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Speaker 1: for Obamacare for this care that you know isn't doesn't

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Speaker 1: seem to be particularly good, the coverage doesn't seem to

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Speaker 1: be p good, and it's hard to see who's really

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Speaker 1: getting rich off that accept insurance companies. And so you know,

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Speaker 1: I mean, I think you know, President Trump a couple

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Speaker 1: of days ago, is there through this bomb out where

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Speaker 1: he said, well, let's just eliminate Obamacare, eliminate the subsidies,

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Speaker 1: and we'll give the money directly to people who are

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Speaker 1: you know, now insuring through these exchanges and they can

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Speaker 1: figure out what to do with it themselves. And yeah,

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Speaker 1: the Democrats don't want people really thinking about that.

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Speaker 2: It's amazing to me that we have. We have normalized,

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Speaker 2: which is a good term that I feel like we've

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Speaker 2: taken from a left but I'm gonna keep using it.

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Speaker 2: We have normalized. Oh, I think that I have, you know,

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Speaker 2: strep throat, like the most kind of standard. I need

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Speaker 2: to go to a doctor to get antibiotics, so I

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Speaker 2: need to go make an appointment where they're going to

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Speaker 2: ask for my insurance card and run my insurance and

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Speaker 2: get into this whole thing of whether I'm in network

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Speaker 2: or out of network and what is acceptable. I tell people,

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Speaker 2: even when you're I can't even understand my healthcare bills

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Speaker 2: right now, and I'm a pretty healthy guy. I don't

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Speaker 2: have a lot of healthcare bills, but I just had

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Speaker 2: a baby, so we had a lot of hospital stuff.

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Speaker 2: Even when you're in network, they do this thing where

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Speaker 2: they say, well, yeah, you're in network, but they charge this,

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Speaker 2: and so you're you're only allowed to charge that, so

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Speaker 2: you're stuck with the difference. I'm like, so, then what's

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Speaker 2: the point of the net? The whole thing is just

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Speaker 2: like a three card money you know on the street

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Speaker 2: they used to do that. It's it's complete horse hockey.

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Speaker 2: It's nonsense horse hockey.

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Speaker 1: Watch your mouth, watch your mouth. So so yeah, I mean, listen,

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Speaker 1: I've gotten a lot of emails and you know, notes

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Speaker 1: on Twitter because I've been making a noise about this

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Speaker 1: in the last few days. But it is absolutely true.

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Speaker 1: Think about think about what insurance should really before. Okay,

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Speaker 1: if you have a car, you don't you don't have

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Speaker 1: your insurance to get your oil changed. Okay, you don't

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Speaker 1: have your insurance even for a minor ding or getting

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Speaker 1: your tires or parent even in churance. If there's an

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Speaker 1: accident where you need a new car or that you

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Speaker 1: need you know, you need liability because you hit somebody

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Speaker 1: or somebody hit you, and it's complicated and difficult and

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Speaker 1: you're you're not expecting that to happen. You're not wanting

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Speaker 1: that to happen. Okay, So so health insurance, I mean,

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Speaker 1: I think it should be more like that, all right.

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Speaker 1: And the other thing is we've somehow and this is

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Speaker 1: you know, I'm gonna say this out loud, even though

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Speaker 1: even though you know, I think saying it out loud

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Speaker 1: it may hit people hard for the first time hearing it.

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Speaker 1: But when you think about it actually makes sense. We

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Speaker 1: don't expect everyone to get exactly the same car. Okay,

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Speaker 1: we don't expect everyone to have exactly the same house.

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Speaker 1: But but we have this idea that Democrats have said,

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Speaker 1: now there is as there's a right to healthcare right,

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Speaker 1: and it is a right that is essentially divorced from

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Speaker 1: any ability to pay, from any choices you've made in

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Speaker 1: your life, from any choices you know you might make

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Speaker 1: going forward. About Let's say you had a million dollars

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Speaker 1: in the bank, okay, and there was no health in

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Speaker 1: your and you had a terminal diagnosis. You might say,

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Speaker 1: you know what, I'm going to spend two hundred thousand

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Speaker 1: dollars in that. But I'm not willing to spend the

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Speaker 1: whole million on myself because when I look, it actually

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Speaker 1: looks like I maybe get a couple months of extra life,

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Speaker 1: you know, with this expensive cancer drug, And I don't

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Speaker 1: want to do that. I want to give the eight

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Speaker 1: hundred thousand dollars to my kids or my grandkids. We don't.

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Speaker 1: I mean, that is a decision we expect people to

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Speaker 1: make in every other part of their lives, But when

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Speaker 1: it comes to healthcare, somehow there's this magic idea that

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Speaker 1: no matter what you do, you should have unlimited coverage

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Speaker 1: for everything for the rest of your life. And we're

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Speaker 1: going to figure out how to make that happen. And

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Speaker 1: I mean, I do think like if that's where we

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Speaker 1: are as a society, and it may be, then that's

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Speaker 1: where we are, but we need to sort of say

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Speaker 1: explicitly that healthcare is not like any other product in

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Speaker 1: that case, and then maybe the answer is, I don't know,

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Speaker 1: maybe the answer is that we have a single payer

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Speaker 1: and everybody.

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Speaker 2: Gets covered on There's an important there's an important correlator

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Speaker 2: what you're saying, which is that instead of the market

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Speaker 2: and individuals making these determinations, there is only so much care.

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Speaker 2: There are only so many doctors, there are only so

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Speaker 2: many hospitals, there are only so many experimental cancer experimental

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Speaker 2: cancer drugs out there, and so all you're doing is

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Speaker 2: empowering a massive and unaccountable bureaucracy to distribute, to redistribute

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Speaker 2: the actual health care, not health insurance, but health care

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Speaker 2: that exists as it sees fit, instead of allowing at

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Speaker 2: least the localization, the skin in the game, the efficiencies

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Speaker 2: of people being able to make choices and then live

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Speaker 2: with those choices.

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Speaker 1: That's right. I mean that's also true. No, we've pretended

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Speaker 1: that there is no upper limit. And by the way,

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Speaker 1: Republicans definitely do that too, right, So.

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Speaker 2: It is true. It's very frustrating republic Republicans are very

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Speaker 2: cowardly on this issue as well. They won't speak the

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Speaker 2: truth the truth.

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Speaker 1: But one more about this, and I think it's really important.

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Speaker 1: So you you mentioned you know, you you framed it.

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Speaker 1: As you go in, you present this card, and then

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Speaker 1: everything's paid for. I think that so in the United States,

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Speaker 1: we are over medicated, we are overdiagnosed, we are over disease, okay,

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Speaker 1: and there's all these diseases that are sort of you know,

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Speaker 1: whether it's fibromyalgia or uh or.

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Speaker 2: You know, uh do you see all these things about

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Speaker 2: about how eeveryon's supposed to cleanse. Now, I don't mean

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Speaker 2: like a juice cleanse. I mean detox and get all

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Speaker 2: the heavy metals out of your I've seen these different things, relation.

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Speaker 1: Therapy, long COVID, all this stuff. Okay, one of the

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Speaker 1: reasons that this has happened is because we have a

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Speaker 1: system where being sick gets you more stuff that you

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Speaker 1: don't have to pay forever. And there's going to be

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Speaker 1: a group of people to whom that's attractive. They're gonna

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Speaker 1: want to go into the doctor and say, I, you know,

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Speaker 1: I don't feel very good. It's a place where if

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Speaker 1: you have other problems you can be treated suddenly, you know,

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Speaker 1: with with dignity, with respect, with your voice being listened to,

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Speaker 1: and it's all on somebody else's dime. So we I mean,

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Speaker 1: I truly believe that the United States is making itself

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Speaker 1: sicker with this sort of medical medicalization of life, and

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Speaker 1: because because then you wind up with a prescription on

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Speaker 1: the other side of that, and you take those pills

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Speaker 1: and maybe they help the thing that they were supposed

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Speaker 1: to help, or maybe they don't, but they have side

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Speaker 1: effects too. So I think if we were all in

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Speaker 1: a position where going in costs you a hundred bucks

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Speaker 1: and you could decide whether or not that was worth

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Speaker 1: it to you, just like you decide whether or not

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Speaker 1: you're going to have the hot dog or the hamburg

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Speaker 1: or the steak based on the cost at the grocery store.

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Speaker 1: It might make things better, honestly for all of us.

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Speaker 2: My example to give on this is I remember years ago,

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Speaker 2: I had, like, you know, a terrible like some kind

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Speaker 2: of stomach bug, and all I wanted as an IV

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Speaker 2: because you know, I needed some rehydration fluids. And that's

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Speaker 2: basically what they do in a lot of cases for you.

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Speaker 2: If you have a really bad you go to the hospital.

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Speaker 2: You know, you go to the hospital and a IV.

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Speaker 2: And I didn't know about these people that come to

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Speaker 2: your house. Anyway, Long story short, I go to the

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Speaker 2: emergency room because I'm so sick and so weak, and

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Speaker 2: I'm sitting there and waiting and waiting, and by I

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Speaker 2: realized I'm gonna wait here for so many hours that

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Speaker 2: it's actually not worth it to me anymore to be

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Speaker 2: here for I just go home and try to chug

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Speaker 2: like pedalight or gatorade or whatever. Because I waited like

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Speaker 2: three hours, I got a bill for one thousand dollars. Yeah,

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Speaker 2: I didn't anyone, I didn't see it. I didn't see

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Speaker 2: a doctor. I didn't get help. I had a nurse

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Speaker 2: come out to me in the waiting area to take

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Speaker 2: my blood pressure. She put a blood pressure cuff on

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Speaker 2: my arm. They you know, they had me fill out

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Speaker 2: a form and then she said, we'll be with you

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Speaker 2: three hours later. I'm sitting there. I'm like running to

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Speaker 2: the bathroom. It's misery. Nothing one thousand dollars bill in

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Speaker 2: the mail, and I sit here and I'm just like,

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Speaker 2: how does anyone think? And but if I was some

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Speaker 2: illegal by the way, there's no there's no bill. I

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Speaker 2: pay the bill for the illegals. That's the whole point.

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Speaker 2: I'm paying the bill. I don't actually get to get

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Speaker 2: seen by anybody. I could sit there in misery and like,

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Speaker 2: you know, hope I don't vomit all over everybody. And

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Speaker 2: I pay so that other people don't have to pay.

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Speaker 2: That's actually the system we have.

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Speaker 1: Yeah, it's it's crazy. It's crazy. And and by the way,

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Speaker 1: at the top of that hospital company, whether it's nonprofit

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Speaker 1: or for profit, there's somebody making five million dollars a year, right,

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Speaker 1: So so you know, the hospitals are are they are

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Speaker 1: terrible actors in all of this, and people are not

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Speaker 1: willing to say that either because they're sort of politically powerful,

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Speaker 1: you know, because you know, in New York there's a

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Speaker 1: I mean, New York's a huge metro area, right, there's

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Speaker 1: a handful of big, nonprofit quote unquote hospital chains here.

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Speaker 1: I'm sure that's true. In fact, I know it's true

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Speaker 1: in South Florida. It's it's increasingly true everywhere. And that's

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Speaker 1: just a game to squeeze the insurance companies. Not that

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Speaker 1: I'm saying the insurance companies are greatt that they're all terrible.

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Speaker 1: And you know, the whole system has fed off our

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Speaker 1: unwillingness to say no for fifty years now. And I

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Speaker 1: don't know how it ends, but I do think this

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Speaker 1: fight over Obamacare, and this unwillingness to subsidize people making

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Speaker 1: one hundred and fifty thousand dollars a year because they,

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Speaker 1: you know, supposedly cannot afford their insurance, that shows you

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Speaker 1: how screwed up it has become.

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Speaker 2: Well, think about this, the policies I saw this, the

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Speaker 2: policies for some people, like Family of four policies without

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Speaker 2: the subsidies that the Democrats were demanding. For the shutdown,

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Speaker 2: We're going to be forty fifty thousand dollars a year.

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Speaker 2: That's yep, yeah, that's And keep in mind you may

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Speaker 2: not go see a doctor once that year. I mean,

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Speaker 2: you know, maybe the parents or maybe the kids get

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Speaker 2: a sniffle or two. That family four you were giving

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Speaker 2: fifty grand for. By the way, I'll just note this.

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Speaker 2: You know, I live in South Florida. A lot of

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Speaker 2: people are just I think they call it going bear.

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Speaker 2: I believe that is the term about about home insurance.

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Speaker 2: I'm always like, am I allowed to say that? Yeah?

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Speaker 2: But you know they're going bare because they they're just like, look,

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Speaker 2: I'm not going to pay thirty thousand dollars a year

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Speaker 2: for hurricane insurance. I'd rather just sort of see what

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Speaker 2: happens and if I have to, you know, bite the bullets,

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Speaker 2: so to speak, I'll bite the bullet. You can't. You're

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Speaker 2: not even allowed to do that with health care though.

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Speaker 2: That's the thing, like you have no option now, that's right.

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Speaker 1: And by the way, you have a lot more control

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Speaker 1: over your personal health than you do over with that

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Speaker 1: insurance hits or that hurricanes South Florida. I'm not selling

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Speaker 1: you have perfect control. You can get cancer at forty

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Speaker 1: five or whatever. But for the most part, I mean again,

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Speaker 1: like if we so I said, single pair, right, the

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Speaker 1: opposite would be a system where everybody's required to have

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Speaker 1: some kind of base catastrophic insurance and you know, and

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Speaker 1: for poorer people, we'd offer like a real subsidy for that.

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Speaker 1: But beyond that everything is sort of posted price and

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Speaker 1: you decide on your own. And you know, I mean,

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Speaker 1: they that system, I would I think it'd be a

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Speaker 1: lot cheaper.

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Speaker 2: I would, I would say to people if I were

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Speaker 2: like emperor of the universe, which would make everyone's life better.

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Speaker 2: But that's another conversation. I'd say, we got to come

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Speaker 2: up with something where you know, five or ten percent

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Speaker 2: of your income up to one hundred and fifty grand,

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Speaker 2: and then tear it beyond that, you know, you set

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Speaker 2: aside for a like health expenditures. I don't know, you know,

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Speaker 2: people have to actually be involved in this or else.

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Speaker 2: To your point, it just turns into everyone thinks everyone

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Speaker 2: else is paying for their endless layers of bloat, waste

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Speaker 2: and nonsense, and people end up waiting, you know, for

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Speaker 2: six hours with like a screwdriver stuck in their shoulder

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Speaker 2: because they can't get seen in an emergency room, because

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Speaker 2: do you know what the numbers in New York seity,

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Speaker 2: This is a real number. Thirty percent of er visits

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Speaker 2: in twenty twenty four were illegal immigrants getting routine care,

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Speaker 2: not emergency care. Routine thirty percent. So so when people

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Speaker 2: say I feel like the emergencrooms are clocked, yeah, because

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Speaker 2: people are going in there to get you know, this matter,

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Speaker 2: to get this and they can't be turned around anyway.

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Speaker 2: It's a total mess. But let's fix the housing system.

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Speaker 2: We come back here in a second, and fifty year mortgages, Alex,

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Speaker 2: we're gonna talk fifty year mortgages. That was a big

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Speaker 2: thing of the weekend. But to my fellow history nerds,

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Speaker 2: Hillsdale dot edu slash buck. All right, housing fifty year

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Speaker 2: fifty year mortgages we're talking about now. There is a

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Speaker 2: housing problem in this country, but I feel like no

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Speaker 2: one is really honing in effectively on the problem or

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Speaker 2: on the What do you see, if you had to

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Speaker 2: tier the fifty year mortage is not going to solve it, Okay,

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Speaker 2: if you had well, actually, for first, give me your

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Speaker 2: rant on the fifty year mortgage idea. I'm curious what

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Speaker 2: you think we thought?

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Speaker 1: This is just like this is just stupid, right, I

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Speaker 1: mean they do something like this in Japan. All right,

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Speaker 1: The problem, the problem, Look, lots of problems in housing, right,

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Speaker 1: But if you are if you have a thirty year, okay,

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Speaker 1: if you chose to get a thirty year, particularly with

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Speaker 1: the rates a little bit higher as they are now,

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Speaker 1: your first few years you're just paying off interest. Basically

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Speaker 1: you're paying down very little principle. So if you you know,

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Speaker 1: if that house goes up twenty percent. Let's say over

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Speaker 1: a seven year period, it goes up a little bit,

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Speaker 1: and you turn around and sell it. By the time

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Speaker 1: you're done paying the real estate agent and paying the

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Speaker 1: mortgage tax or whatever other stuff you got to pay

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Speaker 1: and moving, you're going to discover that you really haven't

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Speaker 1: made that much money on that thing because so little

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Speaker 1: of your payments have gone to the house. It has

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Speaker 1: to be a very low interest rate environment, or or

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Speaker 1: better a shorter term mortgage where you're hanging off more

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Speaker 1: of the principle every month. That's how housing becomes a

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Speaker 1: real store of wealth for people. So what we're seeing

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Speaker 1: with housing, and I mean it's twofold, right. First of all,

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Speaker 1: we were we used to build more like two million

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Speaker 1: homes a year, right, and it posts the two thousand

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Speaker 1: and eight financial crisis, we've been building more like a million.

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Speaker 1: Maybe it's gone back up to a million and a half.

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Speaker 1: We need to get back to building two million a year.

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Speaker 1: And you know, in the Blue States, it's very hard

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Speaker 1: to build. So again, I live in New York and

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Speaker 1: one thing that I have seen recently is there have

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Speaker 1: been some apartment buildings going up near the Hudson River

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Speaker 1: by the trains in Westchester County, which is nice to see.

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Speaker 1: It's nice to see that you can actually change the

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Speaker 1: rules a little bit, even in New York and get

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Speaker 1: some multi family, nice looking apartments builds. We need more

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Speaker 1: of that everywhere. We need it. In Blue states, Red states.

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Speaker 1: It's you know, historically easier to build, but I think

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Speaker 1: some of the codes have gotten tougher, and they really

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Speaker 1: should look at that and see, you know, do you

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Speaker 1: need an eighteen foot wide staircase in a one bedroom

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Speaker 1: or one, you know, a three unit condominium or whatever

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Speaker 1: it is they're doing this driving up costs. And the

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Speaker 1: other thing is, you know, whatever they did to discourage

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Speaker 1: the banks from making home building loans. You know, obviously

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Speaker 1: we don't want it to be two thousand and eight again,

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Speaker 1: but it seems like we've gone too far the other way.

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Speaker 1: So I'm a big believer that this is something that

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Speaker 1: we can actually fix in a meaningful way by encouraging building.

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Speaker 1: And there's one other thing, and this is a problem,

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Speaker 1: and I don't and I've sort of become increasingly convinced

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Speaker 1: it's the problem. Not sure what the answer is, but

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Speaker 1: you have this situation where you have because us residential

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Speaker 1: real estate is a you know, it's a it's considered

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Speaker 1: a very safe investment. It's a good market. And the

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Speaker 1: long term, you have all these Wall Street, you know,

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Speaker 1: private equity firms, not so much the banks, but the

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Speaker 1: private aquity guys coming in and buying residential real estate,

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Speaker 1: and that actually might be a problem long run because

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Speaker 1: it does make it look if you own a house,

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Speaker 1: it's good for you. You're you're You've got a new

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Speaker 1: competitor that are in there to buy. I might push

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Speaker 1: up the value of your us. But if you're on

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Speaker 1: the bottom trying to get in on the bottom rung,

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Speaker 1: you are now competing with you know, Blackstone, and that

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Speaker 1: that's kind of unfair. So I don't know what we

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Speaker 1: do about that, because I feel like, you know, if

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Speaker 1: you just ban these people from buying, maybe they'll use

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Speaker 1: shadow purchasers. Maybe it gets complicated, but we need to

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Speaker 1: think about giving individuals a leg up for their own

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Speaker 1: primary homes. I'm not talking about a second home. I'm

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Speaker 1: talking about if this is going to be my house

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Speaker 1: that I live in.

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Speaker 2: Yeah, this is my my concern with a lot of

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Speaker 2: those a lot of things that come to mind, but

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Speaker 2: one issue from a political perspective, is a lot of

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Speaker 2: a lot of what I would consider the class warfare

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Speaker 2: chirping that you will hear out there is just nonsense, right,

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Speaker 2: It's just emotionalism. It's so funny. Bill Gates has basically

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Speaker 2: it's been like, yeah, I guess like climate change isn't

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Speaker 2: an existential crisis. I've just gone through almost two decades

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Speaker 2: of my life. People looking at me like I'm insane

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Speaker 2: because I'm not worried about climate change. I mean, you

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Speaker 2: know anyway there, but there are all these things you

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Speaker 2: hear people talk about and and on the on the

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Speaker 2: class warfare side of think Bernie Sanders, like millionaires and

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Speaker 2: billionaires as if they're all right wing, as if you know,

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Speaker 2: he's not flying private and as if there aren't huge

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Speaker 2: donors the Democrat Party for also millionaires and billionaires. Like

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Speaker 2: it's just it's just manipulating people's emotions, right, That's how

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Speaker 2: at least that's how I see a lot of the

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Speaker 2: class warfare stuff. But when you have the amount of

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Speaker 2: money you need to qualify for a mortgage for a

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Speaker 2: single family home in America in a five year period

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Speaker 2: give or take doubled, so you have to make one

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Speaker 2: hundred percent more money to afford the home that you

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Speaker 2: would have been able to afford because of fiscal policy,

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Speaker 2: because of spending, because of government decisions, including during COVID

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Speaker 2: of course, to just pump all this money into the

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Speaker 2: economy and inflate everybody's assets. I do understand, you know,

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Speaker 2: this is where we get into the Mamdani thing a

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Speaker 2: little bit. His solution are wrong, but the diagnosis of

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Speaker 2: the problem, it is a real problem, which for Democrats

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Speaker 2: is unusual. I find they diagnose a lot of fake problems.

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Speaker 2: But this is a real problem.

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Speaker 1: It is by the way, climate change thing actually fits

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Speaker 1: in here too, because I think less in Florida, but

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Speaker 1: in New York they're trying to push out any like

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Speaker 1: gas fired stoves, stuff that is crazy and will make

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Speaker 1: an is already affecting the cost of construction, and will

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Speaker 1: do more of that in the future. So getting rid

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Speaker 1: of that would be a positive too. But yeah, we

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Speaker 1: I mean, look, I mean there's this there's this thing

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Speaker 1: that that Peter Teal wrote a few years ago that's

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Speaker 1: gotten attention, right basically saying, yes, it's easy and fun

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Speaker 1: to sort of paint all these twenty five year olds

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Speaker 1: and thirty year olds as just you know, Champagne socialists.

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Speaker 1: But and there's some of that going on, but some

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Speaker 1: of it is driven by real fear that you know,

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Speaker 1: they're never going to be able to buy a house,

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Speaker 1: and you know, how do you how do you start

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Speaker 1: a family? How do you feel connected to a community.

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Speaker 1: There's reasons why primary residential you know, home ownership is

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Speaker 1: important and we should encourage it.

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Speaker 2: Yeah, No, roots in the community is a is a

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Speaker 2: real thing. It's not something that people should dismiss as

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Speaker 2: some part of like a bygone era. That people feel

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Speaker 2: connected to where they live, the other people around them.

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Speaker 2: And something else that I think is is a challenge

428
00:21:32,657 --> 00:21:34,497
Speaker 2: here is you have a lot of you have all

429
00:21:34,537 --> 00:21:37,697
Speaker 2: these people, for example, who will point out how you

430
00:21:37,777 --> 00:21:39,857
Speaker 2: can build you know, how you can build wealth or

431
00:21:39,897 --> 00:21:42,537
Speaker 2: you can build these things. Yeah, but if you can't

432
00:21:42,537 --> 00:21:46,697
Speaker 2: build it until you're fifty or sixty, family formation is

433
00:21:46,737 --> 00:21:48,497
Speaker 2: really supposed to happen. And this could get us in

434
00:21:48,537 --> 00:21:50,377
Speaker 2: a lot of trouble here, Alex. But if you really

435
00:21:50,457 --> 00:21:54,657
Speaker 2: happen in your twenties biologically, that's actually just the truth.

436
00:21:55,177 --> 00:21:57,817
Speaker 2: It's just an I didn't do it till later.

437
00:21:57,937 --> 00:21:59,897
Speaker 1: I agree, man, I agree with that.

438
00:21:59,977 --> 00:22:02,097
Speaker 2: Yeah, me too. It's it's it's a young it's supposed

439
00:22:02,097 --> 00:22:03,497
Speaker 2: to be a young man and young woman's game, to

440
00:22:03,497 --> 00:22:06,177
Speaker 2: be very clear, and what we have set up as

441
00:22:06,217 --> 00:22:08,977
Speaker 2: a society where you just basically work yourself like a

442
00:22:09,137 --> 00:22:12,697
Speaker 2: like a madman or mad woman until you're like thirty five,

443
00:22:13,417 --> 00:22:16,777
Speaker 2: and then maybe maybe you have enough assets in whatever

444
00:22:16,817 --> 00:22:18,897
Speaker 2: your field is, whatever your work is, you've saved enough

445
00:22:18,897 --> 00:22:22,737
Speaker 2: money that maybe you can consider buying a home and

446
00:22:22,817 --> 00:22:25,537
Speaker 2: maybe you can consider having This is a big problem.

447
00:22:25,657 --> 00:22:27,337
Speaker 2: This is not the way it's actually supposed to be.

448
00:22:28,377 --> 00:22:30,577
Speaker 1: Or you don't work like a man man and you

449
00:22:30,617 --> 00:22:33,857
Speaker 1: sit in your basement vaping and playing magic the gathering

450
00:22:34,057 --> 00:22:36,617
Speaker 1: and like some of those people crack, right, And even

451
00:22:36,617 --> 00:22:39,057
Speaker 1: though they don't crack, is that what they really wanted

452
00:22:39,097 --> 00:22:41,457
Speaker 1: from their lives? Is that what we hope as a

453
00:22:41,457 --> 00:22:44,217
Speaker 1: society to, you know, to set up their lives as

454
00:22:44,257 --> 00:22:45,457
Speaker 1: being I don't think.

455
00:22:45,297 --> 00:22:49,097
Speaker 2: So I need to also have you come on at

456
00:22:49,097 --> 00:22:53,297
Speaker 2: some point just to tell everybody. I rarely will admit

457
00:22:53,377 --> 00:22:55,497
Speaker 2: that I actually I'm gonna admit that I was wrong

458
00:22:55,577 --> 00:22:57,617
Speaker 2: on something, but I'm gonna wait till we come back,

459
00:22:57,617 --> 00:23:01,377
Speaker 2: because I got to hear our sponsor's Paradigm Press my Friends,

460
00:23:01,497 --> 00:23:03,377
Speaker 2: Money and Power. That's the e newsletter I want you

461
00:23:03,417 --> 00:23:06,457
Speaker 2: to subscribe to. It's totally separate from his program, and

462
00:23:06,537 --> 00:23:10,177
Speaker 2: it's all about big political stories and opportunities in the market. It's,

463
00:23:10,177 --> 00:23:13,577
Speaker 2: in fact, something I'm calling Manhattan Project too. This is

464
00:23:13,617 --> 00:23:16,217
Speaker 2: about opportunities for every day investor. It's about leveling the

465
00:23:16,217 --> 00:23:20,017
Speaker 2: playing field with great information brought right into your inbox.

466
00:23:20,297 --> 00:23:23,137
Speaker 2: Get a subscription at Insider twenty twenty five dot com

467
00:23:23,217 --> 00:23:28,257
Speaker 2: right now, Insider twenty twenty five dot com. Insider twenty

468
00:23:28,297 --> 00:23:32,217
Speaker 2: twenty five dot com paid for by Paradigm Pressed. All right, Alex,

469
00:23:32,337 --> 00:23:33,497
Speaker 2: what I was gonna say I was wrong about I

470
00:23:33,697 --> 00:23:36,377
Speaker 2: might have said this year before. I actually believed a

471
00:23:36,377 --> 00:23:38,737
Speaker 2: lot of the big Weed propaganda that like, it's not

472
00:23:38,817 --> 00:23:42,017
Speaker 2: a big deal, people choice everybody else. And now I

473
00:23:42,817 --> 00:23:47,817
Speaker 2: view it as both a public menace in terms of

474
00:23:47,897 --> 00:23:52,217
Speaker 2: just equality of life menace everywhere it smells everywhere people

475
00:23:52,297 --> 00:23:54,097
Speaker 2: or don't care that you know, kids are around, they

476
00:23:54,137 --> 00:23:57,057
Speaker 2: don't care. And then also the more I look into this,

477
00:23:57,377 --> 00:23:59,337
Speaker 2: and I've seen some of of your work on this,

478
00:24:00,217 --> 00:24:03,097
Speaker 2: it is civilization undermining and how bad it is actually

479
00:24:03,137 --> 00:24:05,297
Speaker 2: for people and I need everyone to stop telling me, like,

480
00:24:05,337 --> 00:24:08,177
Speaker 2: what about this famous person who's really rich who smokes weed.

481
00:24:08,217 --> 00:24:10,577
Speaker 2: I was gonna be like, well, they're an ex They're

482
00:24:10,577 --> 00:24:12,377
Speaker 2: an exception in a whole range of things, and maybe

483
00:24:12,377 --> 00:24:14,177
Speaker 2: they'd be a lot happier if they weren't smoking weed.

484
00:24:14,937 --> 00:24:17,137
Speaker 1: Right. And by the way, the fact that Mike Tyson's

485
00:24:17,177 --> 00:24:18,977
Speaker 1: most a lot of weed, doesn't you know, that does

486
00:24:19,017 --> 00:24:20,217
Speaker 1: not convince me it's good for you.

487
00:24:20,857 --> 00:24:24,977
Speaker 2: Yeah, I think that's fair. I see people really want

488
00:24:25,377 --> 00:24:27,577
Speaker 2: and there's a one thing I see here in Florida,

489
00:24:27,657 --> 00:24:31,057
Speaker 2: big weed is a thing. There's as they call the

490
00:24:31,057 --> 00:24:34,577
Speaker 2: cannabis industry. They throw a lot of money around to people,

491
00:24:34,657 --> 00:24:38,857
Speaker 2: and people get that money, including in politics. I think

492
00:24:39,217 --> 00:24:41,497
Speaker 2: very surprising at some of the names you'll see.

493
00:24:42,657 --> 00:24:45,817
Speaker 1: Yep, no, I listen, the Desantisies have held strong on that,

494
00:24:45,897 --> 00:24:51,097
Speaker 1: and that's I'm happy for that. But yeah, it's I mean,

495
00:24:51,377 --> 00:24:55,337
Speaker 1: you know, right now they're debating this basically, the United

496
00:24:55,377 --> 00:24:59,097
Speaker 1: States without meaning to fully legalized cannabis in twenty eighteen

497
00:24:59,177 --> 00:25:01,457
Speaker 1: with this Hemp bill, right, So I don't want to

498
00:25:01,457 --> 00:25:04,817
Speaker 1: get into the nuances of it, but by and large,

499
00:25:04,897 --> 00:25:08,417
Speaker 1: you can now buy THHC gummies even in states that

500
00:25:08,497 --> 00:25:11,937
Speaker 1: where there's not legal cannabi us and buy THHC drinks,

501
00:25:12,417 --> 00:25:15,297
Speaker 1: you know, even by a big alcohol retailer like Total Wine,

502
00:25:15,297 --> 00:25:17,977
Speaker 1: which I know is a big, you know player nationally.

503
00:25:18,657 --> 00:25:22,097
Speaker 1: They're stocking this stuff everywhere and that's legal because of

504
00:25:22,137 --> 00:25:25,017
Speaker 1: this loophole that the federal government created. And it looks

505
00:25:25,097 --> 00:25:28,137
Speaker 1: like Mitch McConnell sort of is maybe his last big

506
00:25:28,177 --> 00:25:30,217
Speaker 1: act in the Senate is going to be to close

507
00:25:30,217 --> 00:25:32,737
Speaker 1: that loophole, which I think is a good thing. Whatever

508
00:25:32,777 --> 00:25:36,577
Speaker 1: you believe about cannabis, and you know, even if you think, hey,

509
00:25:36,577 --> 00:25:39,617
Speaker 1: it's great, it should be legal everywhere. The process for

510
00:25:39,777 --> 00:25:44,857
Speaker 1: legalization should not be that we accidentally did it, you know,

511
00:25:45,017 --> 00:25:47,097
Speaker 1: with a bill in twenty eighteen that enabled to serve

512
00:25:47,137 --> 00:25:49,817
Speaker 1: a bunch of smart chemists and lawyers to figure out

513
00:25:49,857 --> 00:25:53,617
Speaker 1: a loophole so that you know, convenience stores and Circle

514
00:25:53,697 --> 00:25:57,097
Speaker 1: K can sell gummies. That's that's not what it was

515
00:25:57,097 --> 00:25:57,737
Speaker 1: supposed to be.

516
00:25:58,417 --> 00:26:01,337
Speaker 2: I'll let you close us out here by telling everybody

517
00:26:01,537 --> 00:26:04,897
Speaker 2: what your next member. You can go subscribe to Unreported

518
00:26:04,937 --> 00:26:09,617
Speaker 2: Truths on substack. Alex is a very prolific substack creator

519
00:26:09,737 --> 00:26:12,297
Speaker 2: and all for what are you writing about next? As

520
00:26:12,377 --> 00:26:13,577
Speaker 2: I duck for cover here.

521
00:26:15,017 --> 00:26:18,337
Speaker 1: So I'm writing about US drug policy. You know, I

522
00:26:18,337 --> 00:26:20,737
Speaker 1: have decided that I want to be the least cool

523
00:26:20,857 --> 00:26:23,217
Speaker 1: person in the world, and the way to do that

524
00:26:23,337 --> 00:26:27,297
Speaker 1: is the vociferously anti drug. So I'm like super anti drug.

525
00:26:27,657 --> 00:26:30,737
Speaker 1: The book I want to write about US drug policy

526
00:26:30,937 --> 00:26:33,897
Speaker 1: is everybody hates drugs, except for the drugs that they do,

527
00:26:34,377 --> 00:26:38,297
Speaker 1: whether that's you know, psychedelics or ketamine or you know

528
00:26:38,377 --> 00:26:41,297
Speaker 1: amphetamine in the form of adderall we all have some

529
00:26:41,417 --> 00:26:44,777
Speaker 1: excuse for how the drug we use is not actually

530
00:26:44,817 --> 00:26:46,737
Speaker 1: a problem, but all the other ones are. But this

531
00:26:46,857 --> 00:26:50,337
Speaker 1: piece is just about kind of US drug policy broadly

532
00:26:50,977 --> 00:26:54,057
Speaker 1: and how you know, blowing up a bunch of speedboats.

533
00:26:54,057 --> 00:26:55,217
Speaker 1: This is a part that's going to get me trouble.

534
00:26:55,257 --> 00:26:58,577
Speaker 1: Blow a bunch up up. Pulling up a bunch of

535
00:26:58,617 --> 00:27:02,897
Speaker 1: speedboats in the Caribbean may feel good or the Pacific,

536
00:27:03,217 --> 00:27:05,577
Speaker 1: but it doesn't actually do anything in terms of our

537
00:27:05,657 --> 00:27:08,457
Speaker 1: much bigger cultural problem around drugs. And that's what we

538
00:27:08,457 --> 00:27:09,497
Speaker 1: should be talking about.

539
00:27:09,497 --> 00:27:12,657
Speaker 2: What about if we just want to topple Maduro's government

540
00:27:12,737 --> 00:27:15,337
Speaker 2: and uh play a little coup plotting on the side.

541
00:27:15,377 --> 00:27:16,657
Speaker 2: You know, I don't know, I.

542
00:27:16,977 --> 00:27:19,177
Speaker 1: Thought that was not what we were supposed to be

543
00:27:19,177 --> 00:27:21,537
Speaker 1: doing anymore. I thought we were, you know, sort of

544
00:27:21,577 --> 00:27:22,257
Speaker 1: sticking a home.

545
00:27:24,457 --> 00:27:28,257
Speaker 2: You know, we'll see, we'll see. I wonder, sometimes looks

546
00:27:28,257 --> 00:27:30,737
Speaker 2: like we're getting pretty uh pretty ready for something in

547
00:27:30,777 --> 00:27:32,977
Speaker 2: the Caribbean. But you know what, Alex, we'll have you back.

548
00:27:33,137 --> 00:27:40,017
Speaker 2: Maduro gets overthrown. Go check it out. Always fun, always