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Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio, the George

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Speaker 1: Washington Broadcast Center, Jack Armstrong and Joe Getty arms Strong

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Speaker 1: and get and he Armstrong and Getty.

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Speaker 2: Kids don't like capitalism. And I think a lot of

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Speaker 2: it has to do with social media. The clickbait, right,

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Speaker 2: rage bait works better in social media and gets more

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Speaker 2: people's attention. And if Mundominie is out there saying you're

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Speaker 2: getting free housing, you're getting free transportation, you're getting cheaper groceries,

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Speaker 2: and that's what they're going to respond positively to.

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Speaker 1: Is there any way that can work? No? No, of

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Speaker 1: course not.

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Speaker 2: No.

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Speaker 1: We w estate in America. That's great. Mark Cuban, one

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Speaker 1: of the most successful capitalists in history as a billionaire,

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Speaker 1: saying to Bill Maher when Bill Maher asked of that

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Speaker 1: work in New York, saying no, of course not no.

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Speaker 3: The other guy, whoever it was, oh Andrew Ross Sorkin

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Speaker 3: talking about how we have a financial illiteracy problem. That's

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Speaker 3: one hundred percent correct. Yeah, absolutely correct.

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Speaker 1: Well, because the freaking teachers are socialists, so no, they're

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Speaker 1: not going to teach you the financial literacy. That says, no, capitalism,

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Speaker 1: free markets are good in this way, and here's why

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Speaker 1: rent control and government run grocery stores and all these

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Speaker 1: things have been tried don't work. Your teacher is not

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Speaker 1: going to do that because they believe in socialism. Right, God,

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Speaker 1: what's really interesting.

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Speaker 3: You can talk people out of believing in rent control,

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Speaker 3: for instance, in three minutes. And three minutes is a

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Speaker 3: little luxurious. You give me two and a half. I'm

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Speaker 3: pretty sure I can get it done. But if you're

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Speaker 3: never exposed to that sort of thinking that again, socialism

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Speaker 3: is the greatest scam ever designed, I think. So I'm

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Speaker 3: on that topic kind of sorta in the next stuff.

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Speaker 1: We're going to talk about it. Andrew Ross Sorkin, who's

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Speaker 1: the hero of the left for you know, financial stuff,

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Speaker 1: said no, it can't work.

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Speaker 3: Right right, Yeah, So this is kind of a looking

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Speaker 3: at the left thing having to do with online culture.

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Speaker 3: But I came across a piece, really well considered and

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Speaker 3: written piece in the Free Press about how a lot

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Speaker 3: of young conservatives are getting swept up in really ugly

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Speaker 3: stuff online into you know, neo fascism and the whole, like, uh,

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Speaker 3: the man is for the whole what's his name?

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Speaker 1: Cooper?

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Speaker 3: Who talks to a Tucker and tries to claim that

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Speaker 3: Churchill was a bad guy and Hitler was misunderstood all.

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Speaker 1: Those historian Darryl Cooper, who's not actually.

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Speaker 3: Not an effing historian, right exactly, And how a lot

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Speaker 3: of young people on the right are getting swayed by

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Speaker 3: this stuff too. So it's not entirely a lefty proposition.

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Speaker 3: But the headline in the Wall Street Journal over the weekend, Girl,

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Speaker 3: take your crazy pitch bills. Antidepressants recast is a hot

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Speaker 3: lifestyle accessory. Influencers taut the drugs, but many unsuspecting followers

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Speaker 3: find the side effects to take the fun out of life,

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Speaker 3: and they give a bunch of examples of like this

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Speaker 3: one stay at home mom she felt lonely, overwhelmed at times,

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Speaker 3: paralyzed with anxiety and self doubt, and so she heard

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Speaker 3: a former MTV star talk up lexa pro on a podcast.

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Speaker 3: She searched for the drug on TikTok. Her go to

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Speaker 3: information source and found hashtag lexapro talc and similar niche

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Speaker 3: online communities where women in their twenties and thirties praised

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Speaker 3: the benefits of antidepressants. She posted a video asking for help.

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Speaker 3: Someone recommended a telehealth company. She answered a quick questionnaire

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Speaker 3: and an online nurse protect practitioner slash drug dealer prescribed

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Speaker 3: a generic version of Lexi pro bottle arrived a couple

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Speaker 3: of days later, and then this.

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Speaker 1: Gal, wo, that's that easy to get on the SSRIs.

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Speaker 1: I mean, most doctors are going to throw it at

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Speaker 1: you anyway, based on my experience. But she didn't even

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Speaker 1: have to leave her house.

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Speaker 3: So she immediately starts posting TikTok videos of herself running

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Speaker 3: to the mailbox for a pill package, taking a dose,

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Speaker 3: using such hashtags as lexapro batties and get help Mama.

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Speaker 3: In the months that followed, she gushed over the pills

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Speaker 3: to her thousands of followers. For a time, she belonged

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Speaker 3: to a social media movement that's given antidepressants a makeover

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Speaker 3: from a stigmatized medicine to a healthy lifestyle accessory, friend

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Speaker 3: lightened and empowered young women.

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Speaker 1: When did it get stigmatized? I must have missed that

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Speaker 1: because gazillions of Americans are on it.

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Speaker 3: Yeah, well it's gotten less stigmatized. But here's my favorite part.

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Speaker 3: Millennial and gen Z influencers, some paid by telehealth companies,

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Speaker 3: evangelize antidepressants on TikTok and Instagram using hashtags like live laugh, lexapro, lexipro, girly,

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Speaker 3: lexa ho and zooft gag lexaho. I know, recasting the

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Speaker 3: medications as popc alter touchstones, and on TikTok hashtag antidepressants

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Speaker 3: has surpassed one point three billion views, etc. Then they

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Speaker 3: go into this list of you know, attractive young women

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Speaker 3: and stato moms that tout the benefits of the medicine

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Speaker 3: and get thousands of followers and talk thousands of people

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Speaker 3: into doing it, who they then give them up and

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Speaker 3: wean themselves off because it makes them miserable and ruins

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Speaker 3: their lives. But they do that pretty quickly or quit

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Speaker 3: it pretty quietly. Rather and the videos of hey, here's

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Speaker 3: my actual long term experience, those don't.

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Speaker 1: Get nearly as many of you. I'm sure, that's sure.

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Speaker 1: I know plenty of people that are on SSRIs who

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Speaker 1: swear by them and are happy with them. But if

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Speaker 1: you are put on them or go on them and

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Speaker 1: you don't need it, I guess it makes you really

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Speaker 1: flat and life feels quite unpleasant.

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Speaker 3: Right, crushes your libido, weight gain, et cetera. Just yeah,

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Speaker 3: everything is kind of flattened. So anyway, I just thought again,

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Speaker 3: this is the democratization of ideas, where an idea can

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Speaker 3: reach millions of people worldwide, when if it was just

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Speaker 3: happening in your town, the person you know selling it

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Speaker 3: would be told over and over again that's a bad idea,

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Speaker 3: and probably let it drop. And on a similar topic,

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Speaker 3: I found this really really interesting. Who did this twenty

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Speaker 3: twenty four presidential election study big survey mental health challenges

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Speaker 3: are an important part of my identity? Among boomer males,

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Speaker 3: seventy three percent of them essentially said, no matter what

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Speaker 3: psychological challenges I face, I will not let them define me.

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Speaker 1: Right. That used to be a feeling for most people

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Speaker 1: is like you, you would not allow yourself to believe

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Speaker 1: you have any of those things. And then even if

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Speaker 1: it were true, proven, you'd want to kind of keep

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Speaker 1: it on the down low because he didn't want it

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Speaker 1: to be your thing. Well, and I.

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Speaker 3: Wouldn't want people to look at me and say, oh,

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Speaker 3: there's Joe he has anxiety.

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Speaker 1: Right.

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Speaker 3: I mean, I know there's a dozen things, maybe fifty

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Speaker 3: things I'd rather have.

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Speaker 1: You say, and there's Joey's nahole.

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Speaker 3: I mean, for instance, it's better anyway there's Joe man.

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Speaker 1: Can he dance, so please like a stare please? Uh so.

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Speaker 3: Seventy three percent of boomer males essentially said, no matter

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Speaker 3: what psychological challenges I face, I will not let them

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Speaker 3: define me. Seventy two percent of gen Z females said essentially,

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Speaker 3: mental illness is an important part of my identity. Seventy

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Speaker 3: two percent said mental health challenges are an important part

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Speaker 3: of my identity.

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Speaker 1: Yeah. That has been my experience in a variety of

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Speaker 1: ways with that generation, in hiring them for sitters in

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Speaker 1: a variety of different things. Is everybody explains really early

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Speaker 1: on what they're I have anxiety, so I have to

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Speaker 1: do this, or I've OCD or whatever it is, right right?

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Speaker 3: Both gen Z men and women view their mental health

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Speaker 3: as an important part of their identity at a rate

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Speaker 3: over five times that of boomers. For instance, Well, unless

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Speaker 3: you're older and you grew up in that culture, how

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Speaker 3: are you ever going to go through a rough patch

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Speaker 3: in your life now where you wouldn't take some sort

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Speaker 3: of drug for it, Because, I mean, all your friends are.

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Speaker 1: And rough patches. I've had rough patches that last a

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Speaker 1: freaking long time. I'll tell you that. Sometimes they do.

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Speaker 1: Oh yeah, sometimes my own decisions.

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Speaker 3: I've witnessed young women bonding over their mental health challenges.

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Speaker 3: It's it's part of the whole you know, lionization of

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Speaker 3: the victim, victim culture in essence, and it's supported online

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Speaker 3: in a lot of ways that are really really interesting.

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Speaker 1: Maybe I don't be a lesson that they teach you

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Speaker 1: more people as you might go through not might. You

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Speaker 1: will go through many periods of your life where there

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Speaker 1: are weeks or months or maybe half a year where

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Speaker 1: you're really down because this or that happened, and then

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Speaker 1: you'll come out of it right, but you'll feel like,

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Speaker 1: I don't know what the point is because you're on

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Speaker 1: a journey to discovering what the point is, and sometimes

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Speaker 1: that takes a long time. That's not mental illness, that's life.

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Speaker 3: Yeah, but I think it's worth going back to the

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Speaker 3: previous article that was pointing out that a lot of

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Speaker 3: these people are sponsored by the people selling the pills.

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Speaker 3: Of course, yeah, but they dress it up in like

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Speaker 3: there's this one influencer, what's her name, cute chick, you know,

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Speaker 3: dressed kind of sexy, she's funny, she's wacky. Elena Davis,

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Speaker 3: thirty five year old influencer, made this video in twenty

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Speaker 3: twenty three of her dress like she's going out to

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Speaker 3: the club, laughing and taking her pills and making a

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Speaker 3: big deal of how great it is. She weaned herself

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Speaker 3: completely off them a couple of years later because they

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Speaker 3: essentially screwed.

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Speaker 1: Up her life. Yeah, good lord, the internet is a

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Speaker 1: bad place to be. Did plug it? Did the laws

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Speaker 1: change around medicine somewhere where these doctors that have never

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Speaker 1: met you can prescribe you things that you used to

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Speaker 1: have to go see here? Yeah?

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Speaker 3: Yeah, there's been kind of an evolution through the de

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Speaker 3: evolution because there's.

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Speaker 1: All kinds of drugs you can get on just by

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Speaker 1: basically you just pay for them and you check some

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Speaker 1: boxes on a form and they say, sure, we'll send

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Speaker 1: them to you.

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Speaker 3: You've never met me, you haven't taken any blood work.

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Speaker 3: That reminds me, I gotta pop my daily VIAGRAA. I

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Speaker 3: like to be ready, you know, like the boy scouts say,

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Speaker 3: be prepared.

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Speaker 1: Huh, Well that's interesting.

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Speaker 3: Okay, oh speeding young woman thing. Thank you everybody for

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Speaker 3: recommending it. I've already seen it. I'm editing it. An

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Speaker 3: absolutely brilliant piece about the feminization of America and the

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Speaker 3: effect that that has had and it is well. I

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Speaker 3: just called it brilliant already. I will reaffirm it's brilliant,

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Speaker 3: and we'll bring it to you tomorrow, maybe in this

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Speaker 1: but don't go fishing off the coast of Venezuela right now.

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Speaker 1: Trump had some strong words for the president down there.

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Speaker 1: Also some new news about peanut allergies. It's good news

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Speaker 1: for the first time in the long time. And a

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Speaker 1: bunch of other stuff on the way. So stay here.

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Speaker 3: Are you strong?

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Speaker 2: That Maduro offered everything in its in his country, all

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Speaker 2: their natural resources.

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Speaker 1: He even recorded a message to you in English recently

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Speaker 1: offering mediation. He has offered everything. He's offered everything.

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Speaker 3: You're right, you know why, because he doesn't want to

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Speaker 3: fay around with the United States.

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Speaker 1: Thank everybody, Thank you, thank you, everybody. Lange from the

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Speaker 1: President of the United States saying that President Maduur of

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Speaker 1: Venezuela does not want to blank f around with the

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Speaker 1: United States, which he probably doesn't.

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Speaker 3: Actually, no indeed, he's making a show of toughness, but

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Speaker 3: behind the scenes, of course, he's saying, hey, let's ratchet this,

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Speaker 3: oh buddy.

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Speaker 1: So we blew another drug boat out of the water

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Speaker 1: the other day. Two people survived, and they were sending

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Speaker 1: them back to their countries of origin or something like that.

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Speaker 3: Uh yeah, yeah, and talking tough to the good folks

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Speaker 3: in Colombia as well, really tough. We used to have

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Speaker 3: a pretty decent relationship with him, but then they start

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Speaker 3: to electing leftists and going back to the whole coca

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Speaker 3: production thing.

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Speaker 1: So, yeah, it's a different story. Last week, we were

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Speaker 1: mocking health advice that experts had been giving us throughout

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Speaker 1: the years. It turned out to be not only wrong,

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Speaker 1: but the exact opposite of what we should have been doing.

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Speaker 1: Each trans fat, Yeah, eat trans fat instead of butter.

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Speaker 1: Is like, you would only give that device advice to

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Speaker 1: someone if you wanted to kill them, or if you

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Speaker 1: hated them. You didn't have the nerve to shoot them,

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Speaker 1: so you try to kill them with art attack, right,

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Speaker 1: So we've been doing the same with kids and peanuts

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Speaker 1: for twenty years. It turns out, actually you've known this

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Speaker 1: for a while. The rest of the world has known

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Speaker 1: this for quite a long time. I will read I

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Speaker 1: think we had this guy on back in the day.

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Speaker 1: He wrote a book called an Abundance of Caution. Anyway,

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Speaker 1: he said, and this comes out of the headline peanut

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Speaker 1: allergies have plummeted in children. Study shows why is that?

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Speaker 1: According to this guy who wrote this book, they're out

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Speaker 1: of fashion. American pediatricians, the experts recommended against early exposure

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Speaker 1: to peanuts for kids. Do not give little kids peanuts,

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Speaker 1: do not let them eat anything with peanuts in case

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Speaker 1: they have analogy. And we've been doing this for twenty years,

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Speaker 1: which was the opposite of what we should have been doing,

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Speaker 1: causing great harmed, untold numbers of kids. They did this

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Speaker 1: because despite the facts that for decades, for instance, Israeli

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Speaker 1: kids had been eating peanuts from a young age in

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Speaker 1: a very low incident of pena analogy in lots of

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Speaker 1: other countries, and even despite a belated shift in US guidance,

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Speaker 1: evidence was there in the open that exposure was exposure

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Speaker 1: to peanuts was preventative, yes, Yet out in an abundance

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Speaker 1: of caution we went the other direction, leading kids to

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Speaker 1: live lives where you have to be scared to death

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Speaker 1: of ever come in contact with one molecule of peanuts,

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Speaker 1: or it will kill you. Right.

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Speaker 3: Well, that reminds me so much of study after study

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Speaker 3: has shown this. I mean, it's absolutely unmistakable. Kids who

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Speaker 3: live in societies where they're not hyper clean, they let

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Speaker 3: the kid crawl around on the floor, they got animals

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Speaker 3: coming in and out of the house or whatever. They

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Speaker 3: have far far fewer allergies and much more robust immune systems.

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Speaker 3: Keeping kids hyper clean doesn't do them any favors. I'm

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Speaker 3: not in favor of letting your kid crawl around in

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Speaker 3: an outhouse or whatever, but you dive down into it

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Speaker 3: particularly bad example.

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Speaker 1: I don't think anybody was going to do that. Well,

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Speaker 1: I picked an.

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Speaker 3: Extreme, but yeah, it's that's not doing your kid any favors,

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Speaker 3: keeping them hyper clean. But zillions of dollars worth of

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Speaker 3: products are sold to you, and they convince you that

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Speaker 3: to be a good parent, you should never expose your

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Speaker 3: child to any dirt or grime or germs, or certainly

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Speaker 3: not peanuts.

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Speaker 1: So so what happened here? You had so some people

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Speaker 1: are allergic to peanuts, very rare in its natural setting,

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Speaker 1: it would seem so. But then so you had a

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Speaker 1: couple of kids got die, and then we went crazy

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Speaker 1: the other direction, like some people well of peanut or allergies,

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Speaker 1: we don't have why, so don't let any kid eat peanuts.

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Speaker 1: And then you created this allergy yes, and lots of

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Speaker 1: kids to where you can have peanut butter sandwiches at

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Speaker 1: school and people live in fear for their kids' lives

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Speaker 1: because they actually have been an analogy.

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Speaker 3: Now you get pretzels on airplanes, which is fine because

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Speaker 3: I like pretzels. That's that's why, probably a.

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Speaker 1: Lower concern with me, kids living their lives of fear

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Speaker 1: of dying. But Joe did not get peanuts on airplanes.

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Speaker 1: So let's I.

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Speaker 3: Found them very satisfying. You snacks go, I don't appreciate

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Speaker 3: they are.

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Speaker 1: I eat lots of nuts. We might actually start endorsing

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Speaker 1: a particular nut company because they are an appetite suppressant.

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Speaker 1: I really like that about nuts. Oh, I eat nuts

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Speaker 1: all the time. I love them. Yeah, Katie, grow up. No,

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Speaker 1: I will not grow up. You're about to be a mother. Yeah, exactly,

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Speaker 1: You're about to be a mother, and a kid's gonna

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Speaker 1: be hilarious. Probably, I bet my bottom dollar Armstrong and getdy.

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Speaker 1: So it's fourth down and one yard, fourth and one.

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Speaker 1: The Chiefs at least pretend they're going to go for

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Speaker 1: it in the football game yesterday against the Oakland or sorry,

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Speaker 1: the LA Raiders. Even Tony Romo, the announcer, though new

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Speaker 1: they weren't actually gonna go for it. They were gonna

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Speaker 1: do what they call a hard count. The quarterback goes

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Speaker 1: up there and goes hike, and you try to get

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Speaker 1: the other side to jump off sides because they get

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Speaker 1: all excited. And then you get a penalty, and then

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Speaker 1: you get.

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Speaker 3: Tossed out, and so you have the guys shift around,

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Speaker 3: and then you go again. Then you have them shift

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Speaker 3: around again. The defense is like, would you stop it?

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Speaker 3: We're not gonna jump it.

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Speaker 1: Basically never works. But anyway, this is how it unfolded

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Speaker 1: yesterday on fourth and a foot, try to draw them

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Speaker 1: off side. Sorry my home, says coach.

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Speaker 3: It doesn't they go yeah, they got Yeah, you would

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Speaker 3: get up on that one.

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Speaker 1: You thought for sure it was a draw. Didn't you

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Speaker 1: read drop off side? I believe Peter Carelly even knows this.

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Speaker 1: So what happened there was it was a fake play.

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Speaker 1: It was a fake hard count. Patrick Mahones goes up

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Speaker 1: to the line and says loud enough for the microphones

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Speaker 1: to pick up effing never effing works.

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Speaker 3: And he's looking toward a sideline like, why are you

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Speaker 3: making us to this stupid thing?

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Speaker 1: Bad? And then when the Raiders are probably either laughing

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Speaker 1: or relaxing or whatever, they do hike the ball and

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Speaker 1: run the guy and then they make the first down.

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Speaker 1: That's a pretty funny play to run, especially when you

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Speaker 1: win forty one to nothing.

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Speaker 3: Yeah, I'd have kept that one under wraps for when

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Speaker 3: you really needed it. But the fake, fake play.

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Speaker 1: Yeah, no kidding, Save that one for a serious game

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Speaker 1: where you actually need it. Anyway, that was fun reading

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Speaker 1: this in Bloomberg yesterday, Bloomberg, which I just subscribed to

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Speaker 1: cat Can I do this? Y'all? Who can do this?

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Speaker 1: You're better than me? So the world is crafted this

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Speaker 1: way in so many different ways. Like Amazon suggests go

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Speaker 1: ahead and buy whatever you want to buy because our

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Speaker 1: return policy is so great. But a lot of it

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Speaker 1: is thinking that people like me will never get around

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Speaker 1: returning it a healthy enough percentage. It's a winner for them.

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Speaker 1: Lots of businesses are you can return the same time

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Speaker 1: you want, but you know, I'll even send you the label,

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Speaker 1: but they think you'll never get around to it. A

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Speaker 1: lot of subscriptions are We're going to give you an

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Speaker 1: incredibly low price to subscribe to this. Now it goes

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Speaker 1: up at the end of the month, but the first

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Speaker 1: month is so cheap. How could you not? Right? And

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Speaker 1: I think, you know what, that's perfect, like I just

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Speaker 1: did with Bloomberg Bloomberg News dollar ninety nine for the

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Speaker 1: first two months. Then it goes to forty dollars a month,

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Speaker 1: which is a lot change. We have forty forty dollars

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Speaker 1: a month after the other news. After the first two months.

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Speaker 1: All I gotta do is reach remember to cancel it

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Speaker 1: before the two months are up? Now, will I remember? No?

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Speaker 1: But I'm gonna try very hard this time. Set yourself

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Speaker 1: a calendar alert, an alarm, I do that sort of thing.

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Speaker 1: But I'm such an f up that, oh yeah, there's

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Speaker 1: the alert. Good for me. So as soon as I

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Speaker 1: get home, I'm gonna go or whatever. But so they

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Speaker 1: were talking about this article from several years ago that

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Speaker 1: got a tremendous amount of attention about avocado toast. If

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Speaker 1: millennials are so poor, is all the millennials talking about

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Speaker 1: we can't own homes, we can't make it like you could,

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Speaker 1: and blah blah blah. If millennials are so poor, how

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Speaker 1: come they eat avocado toast? It was this guy who

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Speaker 1: writes an economic column was always out to brunch on

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Speaker 1: a Saturday or Sunday morning into place is packed with

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Speaker 1: millennials eating twenty dollars toast, And he said, this doesn't

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Speaker 1: fit in with is it just life decisions? Why you

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Speaker 1: don't have any money? There's an there's a certain amount

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Speaker 1: of truth to that. You've been to Europe, you eat

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Speaker 1: avocado toast, but you don't have a down payment for

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Speaker 1: a house. Do you think any of those things fit

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Speaker 1: together at all anyway? No? No, Okay. When I was

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Speaker 1: your age, I hadn't been to Europe, but you've been

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Speaker 1: all over Europe. Okay, what it is. But the point

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Speaker 1: in Bloomberg is that those days are no longer true anymore.

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Speaker 1: The statistics for American millennials have changed rapidly. Some fifty

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Speaker 1: five percent of millennials now own homes. On average, millennials,

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Speaker 1: and this is the stat that blew me away. On average,

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Speaker 1: millennials are now nearly a third richer than baby boomers

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Speaker 1: were at the same point in their lives adjusted for inflation. Wow.

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Speaker 1: So it's just not factually true that millennials are so

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Speaker 1: much poorer than previous generations. Are behind the eight ball.

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Speaker 1: I think the expectations are way different. Yeah.

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Speaker 3: Probably, But well, the oldest millennials at this point are

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Speaker 3: in the forties.

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Speaker 1: Is that right? I can never remember the two machine

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Speaker 1: GPT what the millennial age is there, forced Katie, Millennials

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Speaker 1: are from Wonderever. It's funny. I did this just yesterday

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Speaker 1: with gen Z because my kids were wondering if they

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Speaker 1: were gen Z or not, and they both are, and

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Speaker 1: then they got into an argument because my fifteen year

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Speaker 1: old said, you're not gen Z. I mean, technically you are,

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Speaker 1: but clearly not. You watched completely different YouTube videos than

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Speaker 1: I did when we were kids and stuff like that. Wow.

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Speaker 1: Slicing it very thing. That's something to gauge it on.

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Speaker 1: Millennials are from eighty one to ninety six. Well it is,

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Speaker 1: actually if you were born in eighty one. Yeah, heck,

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Speaker 1: mid forties. Yeah you so you're forty four. But so

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Speaker 1: fifty five percent of millennials now on a home and

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Speaker 1: on average, millennials are now now nearly a third richer

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Speaker 1: than baby boomers were at the same point in their lives.

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Speaker 1: The Federal Reserve Bank found that millennials own one point

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Speaker 1: three five dollars for every dollar boom did at that age. Okay, boomer, uh.

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Speaker 1: Millennial household's average net worth was around ninety dollars in

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Speaker 1: twenty sixteen, but it's now estimated to be four times

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Speaker 1: that size, having ballooned at an unusually fast pace. A

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Speaker 1: lot of it having to do with where the stock

432
00:24:18,760 --> 00:24:21,320
Speaker 1: market is now versus where it was twenty sixteen when

433
00:24:21,359 --> 00:24:25,440
Speaker 1: that article came out about avocado toast and whatnot. One

434
00:24:25,440 --> 00:24:28,720
Speaker 1: of the interesting things about this, though, is that the

435
00:24:28,760 --> 00:24:32,920
Speaker 1: gap between the richest and poorest millennials is now sixty

436
00:24:32,960 --> 00:24:36,400
Speaker 1: four thousand dollars wider than it was for boomers when

437
00:24:36,440 --> 00:24:39,240
Speaker 1: they were the same age. Oh my, so there's a

438
00:24:39,280 --> 00:24:42,960
Speaker 1: real have and have nots among millennials now. I like

439
00:24:43,080 --> 00:24:47,119
Speaker 1: to just because it reinforces my own life choices, like

440
00:24:47,240 --> 00:24:51,439
Speaker 1: to believe that a lot of your financial situation has

441
00:24:51,480 --> 00:24:55,119
Speaker 1: to do with the choices you've made, not only like

442
00:24:55,280 --> 00:24:58,200
Speaker 1: education and employment, but how you spend your money specifically.

443
00:24:58,320 --> 00:25:02,080
Speaker 1: And again, this is a burn my saddle because every

444
00:25:02,320 --> 00:25:04,680
Speaker 1: poor person I know, and I've hired many of them,

445
00:25:05,040 --> 00:25:08,360
Speaker 1: who complains about being broke has been to freaking Europe.

446
00:25:08,720 --> 00:25:11,879
Speaker 1: I had been to Europe when I was that age.

447
00:25:12,400 --> 00:25:15,520
Speaker 1: You maxed out your credit card, you backed pack across Europe,

448
00:25:15,600 --> 00:25:18,080
Speaker 1: and now you can't afford I almost dropped an SMO.

449
00:25:18,280 --> 00:25:21,960
Speaker 1: Now you can't afford us. That's not my fault. I

450
00:25:22,000 --> 00:25:23,800
Speaker 1: wanted to go to Paris too, but I didn't. You

451
00:25:23,840 --> 00:25:25,359
Speaker 1: know why, because I didn't think I could afford it.

452
00:25:25,480 --> 00:25:29,639
Speaker 1: And you know what, I was right, I couldn't afford it. Yeah,

453
00:25:29,920 --> 00:25:33,399
Speaker 1: so true. Oh boy, do you know how often I

454
00:25:33,560 --> 00:25:35,600
Speaker 1: ate out? And we didn't have avocado toast back then?

455
00:25:35,680 --> 00:25:37,600
Speaker 1: Being how often I ate out at restaurants? And as

456
00:25:37,640 --> 00:25:42,280
Speaker 1: that age zero zero, I never ate out at a restaurant.

457
00:25:42,680 --> 00:25:46,000
Speaker 1: Why I heard of restaurants? Did you not know they're there?

458
00:25:46,119 --> 00:25:50,399
Speaker 1: I couldn't afford it? Yeah, yeah, Oh.

459
00:25:50,600 --> 00:25:54,800
Speaker 3: I came across just a great indictment of cal Unicornia,

460
00:25:54,840 --> 00:25:58,520
Speaker 3: and it's kind of a warning for Mamdani voters about

461
00:25:59,400 --> 00:26:06,879
Speaker 3: how it's so called progressive policies have absolutely you know,

462
00:26:07,320 --> 00:26:10,359
Speaker 3: how do you want to put this in case? Income

463
00:26:10,359 --> 00:26:17,240
Speaker 3: inequality in cement? They make upward mobility impossible. Progressive policies

464
00:26:17,960 --> 00:26:20,640
Speaker 3: paralyze upward mobility super interesting.

465
00:26:20,640 --> 00:26:22,720
Speaker 1: Maybe squeeze that in next segment. Let me read just

466
00:26:22,800 --> 00:26:24,760
Speaker 1: a little more from this because it's interesting. And I

467
00:26:24,840 --> 00:26:27,320
Speaker 1: ended up getting in a conversation with my kids about

468
00:26:27,359 --> 00:26:30,560
Speaker 1: how the whole generation thing has a lot of flaws,

469
00:26:30,640 --> 00:26:32,320
Speaker 1: because I mean, you can't cut it off right at

470
00:26:33,280 --> 00:26:35,280
Speaker 1: nineteen eighty one, like Joe and I are gen Z

471
00:26:35,440 --> 00:26:38,600
Speaker 1: by one year. But the idea that we're drastically different

472
00:26:38,840 --> 00:26:41,879
Speaker 1: gen X, the idea that were drastically different than the

473
00:26:41,920 --> 00:26:43,560
Speaker 1: people one year older than us.

474
00:26:43,560 --> 00:26:47,080
Speaker 3: Is of course silly. I can't even talk to my sister,

475
00:26:47,200 --> 00:26:48,920
Speaker 3: she is a year older than they. I don't even

476
00:26:48,960 --> 00:26:51,600
Speaker 3: know what the hell she's talking about, going on about

477
00:26:51,680 --> 00:26:53,320
Speaker 3: Hitler and winning the Great War and.

478
00:26:53,359 --> 00:26:56,960
Speaker 1: The rest of good exucid. I don't even know that's funny.

479
00:26:57,080 --> 00:27:00,159
Speaker 1: Americans all ages have a penchant for latching on to

480
00:27:00,200 --> 00:27:03,679
Speaker 1: stories that label the generations neatly. It's an inclination that

481
00:27:03,720 --> 00:27:07,040
Speaker 1: can veer into tribalism, which is why Harvard professor Lewis

482
00:27:07,080 --> 00:27:10,359
Speaker 1: Mendend has compared generation this is this is up our

483
00:27:10,400 --> 00:27:16,280
Speaker 1: Alley has compared generational analysis to astrology. It is practically that.

484
00:27:16,800 --> 00:27:20,040
Speaker 3: Yeah, gen Z came up with that whole generational analysis

485
00:27:20,080 --> 00:27:21,160
Speaker 3: because they're so stupid.

486
00:27:21,800 --> 00:27:24,520
Speaker 1: Generations do play an important role in our lives, but

487
00:27:24,560 --> 00:27:27,640
Speaker 1: not a solely determinative one, of course. And while it's

488
00:27:27,680 --> 00:27:30,280
Speaker 1: easier to blame older people for an economy's failings and

489
00:27:30,359 --> 00:27:33,560
Speaker 1: simpler to use averages to frame an unexpected recovery, broad

490
00:27:33,640 --> 00:27:36,600
Speaker 1: generalizations distract us from the two challenges, true challenges of

491
00:27:36,600 --> 00:27:38,560
Speaker 1: the world with live and blah blah blah. I like

492
00:27:38,640 --> 00:27:41,840
Speaker 1: this one. Avocado toast wasn't the first trope millennials were

493
00:27:41,920 --> 00:27:44,640
Speaker 1: fed about themselves. In the years just after the two

494
00:27:44,680 --> 00:27:49,240
Speaker 1: thousand and eight financial crash, the predominant narrative about millennials

495
00:27:49,359 --> 00:27:53,840
Speaker 1: was one of laziness and entitlement. Their supposed intellectual failings

496
00:27:53,840 --> 00:27:57,080
Speaker 1: were profiled and a famous book called The Dumbest Generation.

497
00:27:57,720 --> 00:28:01,639
Speaker 3: Yes, well, we let the schools get away with not

498
00:28:01,680 --> 00:28:04,800
Speaker 3: teaching them anymore. So to what extent that is true?

499
00:28:05,359 --> 00:28:07,720
Speaker 1: You know? Word of blame and Time magazine had back

500
00:28:07,720 --> 00:28:10,560
Speaker 1: in the day about millennials the me me me generation.

501
00:28:10,680 --> 00:28:14,040
Speaker 1: Millennials are lazy, entitled narcissists who still live with their parents.

502
00:28:14,560 --> 00:28:18,800
Speaker 1: What's just fact what's not true in that headline. So

503
00:28:18,960 --> 00:28:19,720
Speaker 1: a couple of thoughts.

504
00:28:19,720 --> 00:28:23,080
Speaker 3: I've always hated the whole generational analysis thing, honestly, because

505
00:28:23,240 --> 00:28:25,760
Speaker 3: you know, I look at my so called generation. You

506
00:28:25,800 --> 00:28:27,919
Speaker 3: put me in a room with nine other gen X people.

507
00:28:28,240 --> 00:28:30,119
Speaker 3: The number of people I'm willing to say I'm just

508
00:28:30,240 --> 00:28:34,200
Speaker 3: like them is it might be one, and I probably.

509
00:28:33,880 --> 00:28:36,280
Speaker 1: Shouldn't because that person's better than me. Well, I mean,

510
00:28:36,760 --> 00:28:37,600
Speaker 1: it's just silly.

511
00:28:37,760 --> 00:28:41,520
Speaker 3: A bunch of their cultural commonalities, but a bunch of

512
00:28:41,520 --> 00:28:43,520
Speaker 3: them would be twenty years younger than you, so you

513
00:28:43,560 --> 00:28:45,800
Speaker 3: would not have a lot of commonality on a bunch

514
00:28:45,800 --> 00:28:49,800
Speaker 3: of things. The second thing is, I've learned so much

515
00:28:50,240 --> 00:28:54,000
Speaker 3: from the world of sport, and you know, I tried

516
00:28:54,040 --> 00:28:57,080
Speaker 3: to teach my kids this, but no longer am E

517
00:28:57,160 --> 00:28:59,600
Speaker 3: their sole influence, and it's too bad. And at least

518
00:28:59,640 --> 00:29:03,640
Speaker 3: one or two cases, we would show up to a

519
00:29:03,640 --> 00:29:07,280
Speaker 3: baseball field and I was often playing third base at

520
00:29:07,320 --> 00:29:10,920
Speaker 3: that time, and the infield would suck. It was uneven,

521
00:29:11,280 --> 00:29:13,720
Speaker 3: there were rocks in it. I was gonna be getting

522
00:29:13,800 --> 00:29:17,040
Speaker 3: ground balls in the teeth all day long. It was like,

523
00:29:17,080 --> 00:29:20,800
Speaker 3: oh my god, here we go. Both teams were playing

524
00:29:20,880 --> 00:29:23,400
Speaker 3: on the same field. What are you going to do?

525
00:29:23,960 --> 00:29:27,959
Speaker 3: You're there, that's your situation, that's your reality. Or like

526
00:29:27,960 --> 00:29:31,440
Speaker 3: in golf, it's a miserable, cold, rainy day, somebody is

527
00:29:31,480 --> 00:29:33,680
Speaker 3: going to walk away with the trophy in their hands

528
00:29:33,920 --> 00:29:35,440
Speaker 3: and be able to talk about it for the rest

529
00:29:35,440 --> 00:29:36,040
Speaker 3: of their life.

530
00:29:37,880 --> 00:29:41,480
Speaker 1: Show up and play. So the field the other guys

531
00:29:41,480 --> 00:29:44,360
Speaker 1: played on was better. What do you do now? Show

532
00:29:44,480 --> 00:29:48,440
Speaker 1: up and play? I say you go to the latest

533
00:29:48,480 --> 00:29:52,120
Speaker 1: brunch place and have some avocado toast. I do enjoy.

534
00:29:52,680 --> 00:29:55,440
Speaker 1: Show people pictures of your backpacking around Europe. Then talk

535
00:29:55,440 --> 00:29:56,680
Speaker 1: about how you can't afford a car.

536
00:29:57,280 --> 00:30:02,080
Speaker 3: My yarco was so amazing. It was so amazed. Was

537
00:30:02,080 --> 00:30:05,440
Speaker 3: a little spicy there. That's the Spanish though, they're spicy cooking.

538
00:30:07,280 --> 00:30:11,280
Speaker 1: All right, I've probably made you so.

539
00:30:11,720 --> 00:30:15,400
Speaker 3: How California has kept the people down, that's weird. That's

540
00:30:15,440 --> 00:30:18,600
Speaker 3: the opposite of what the Gavenuseman progressive say they're doing.

541
00:30:19,120 --> 00:30:23,640
Speaker 1: And this is pretty funny.

542
00:30:23,720 --> 00:30:26,240
Speaker 3: I don't want to give it away, but a belated

543
00:30:26,280 --> 00:30:31,280
Speaker 3: Happy Columbus Day slash Indigenous People's Day to everyone. A

544
00:30:31,400 --> 00:30:34,120
Speaker 3: humorous note on that celebration coming up next.

545
00:30:34,040 --> 00:30:36,880
Speaker 1: And you are right. The key to the Patrick Mahomes

546
00:30:36,960 --> 00:30:41,600
Speaker 1: thing is that he had two f words. Yes, this

547
00:30:41,680 --> 00:30:46,640
Speaker 1: is effing never effing worse. Makes it so much better?

548
00:30:47,240 --> 00:30:50,600
Speaker 1: All right, you got lots on the way, stay here.

549
00:30:53,480 --> 00:30:56,440
Speaker 1: Hundreds of people in Portland sent a message to Ice

550
00:30:56,560 --> 00:30:59,920
Speaker 1: to leave their city by riding their bikes naked through

551
00:31:00,080 --> 00:31:02,760
Speaker 1: the rain. And you're not going to believe this. It

552
00:31:02,880 --> 00:31:09,959
Speaker 1: didn't work. Portland's going to Portland, you know.

553
00:31:10,880 --> 00:31:15,080
Speaker 3: So a belated happy Columbus data all who celebrate maybe

554
00:31:15,080 --> 00:31:18,800
Speaker 3: it's Indigenous People's Day to you. I love this from

555
00:31:18,880 --> 00:31:24,440
Speaker 3: the Beacon, Washington Free Beacon. A lot of Democrats burnished

556
00:31:24,440 --> 00:31:27,880
Speaker 3: their woke credentials course by celebrating about and talking about

557
00:31:28,000 --> 00:31:29,120
Speaker 3: Indigenous People's Day.

558
00:31:29,160 --> 00:31:29,840
Speaker 1: And they have a list.

559
00:31:29,840 --> 00:31:32,680
Speaker 3: The official ex account for House Democrats posted a picture

560
00:31:32,720 --> 00:31:33,360
Speaker 3: of a bison.

561
00:31:33,560 --> 00:31:34,760
Speaker 1: There you go.

562
00:31:34,760 --> 00:31:38,960
Speaker 3: Governor Tim Waltz of Minnesota, remember he was going to

563
00:31:39,000 --> 00:31:43,400
Speaker 3: teach America the new version of masculinity. He attended a

564
00:31:43,480 --> 00:31:46,880
Speaker 3: Native American ceremony, according to his website, on the shore

565
00:31:46,920 --> 00:31:52,200
Speaker 3: of Bidimachaska, which is probably just some suburb of Minneapolis.

566
00:31:52,720 --> 00:31:56,680
Speaker 3: Representative Ayana Presley declared, we are all on stolen land,

567
00:31:57,320 --> 00:32:01,360
Speaker 3: alas the esteemed Congress show. That is true, but so

568
00:32:01,480 --> 00:32:03,800
Speaker 3: is everybody else. Yeah, so's everyone else.

569
00:32:04,360 --> 00:32:07,080
Speaker 1: So we stole it from stole it from somebody else. Yeah, exactly.

570
00:32:07,120 --> 00:32:09,040
Speaker 1: That's the main thing is whoever we stole it from,

571
00:32:09,120 --> 00:32:10,200
Speaker 1: stole it from somebody else.

572
00:32:10,640 --> 00:32:13,400
Speaker 3: So here's the business end. Anna Presley declared, we were

573
00:32:13,400 --> 00:32:16,800
Speaker 3: all on stolen land. Alas, the esteemed congresswoman declined to

574
00:32:16,840 --> 00:32:20,400
Speaker 3: set a timetable for vacating her million dollar plus vacation

575
00:32:20,520 --> 00:32:22,040
Speaker 3: home on Martha's.

576
00:32:21,640 --> 00:32:23,160
Speaker 1: Vineyard or noepe as.

577
00:32:23,200 --> 00:32:25,880
Speaker 3: The island is known by its rightful owners, the Wampanogu

578
00:32:26,000 --> 00:32:29,240
Speaker 3: tribe of gay Head who need to change that name.

579
00:32:29,960 --> 00:32:31,960
Speaker 1: Not a good name anyway.

580
00:32:32,240 --> 00:32:35,400
Speaker 3: Some Democrats weren't so keen to acknowledge the made up holiday.

581
00:32:35,520 --> 00:32:39,920
Speaker 3: Barack Obama, who owns a nineteen million dollar waterfront mansion

582
00:32:39,920 --> 00:32:43,920
Speaker 3: on stolen wampanog Land, declined to comment. Elizabeth Warren, the

583
00:32:44,000 --> 00:32:47,080
Speaker 3: Pow Wow Chow cookbook contributor who made history as the

584
00:32:47,120 --> 00:32:49,880
Speaker 3: first woman of color on the Harvard Law School faculty,

585
00:32:50,200 --> 00:32:53,240
Speaker 3: was also eerily silent. Could have something to do with

586
00:32:53,280 --> 00:32:56,480
Speaker 3: the fact that Warren, sometimes referred to as Pocahontas or

587
00:32:56,560 --> 00:32:59,720
Speaker 3: foca Hontis, advanced her career by falsely identifying as a

588
00:32:59,760 --> 00:33:00,400
Speaker 3: native American.

589
00:33:00,640 --> 00:33:01,320
Speaker 1: Blah blah blah.

590
00:33:01,360 --> 00:33:04,320
Speaker 3: If anyone exists on stolen Land, it's Warren, the fake

591
00:33:04,400 --> 00:33:07,800
Speaker 3: Indian white lady who amassed a fortune by exploiting affirmative action.

592
00:33:08,160 --> 00:33:11,200
Speaker 3: She lives in a four million dollar Victorian mansion near

593
00:33:11,280 --> 00:33:14,120
Speaker 3: the Harvard campus, founded on the ancestral lands of the

594
00:33:14,120 --> 00:33:15,360
Speaker 3: Massachusetts tribe.

595
00:33:15,720 --> 00:33:18,320
Speaker 1: She lives in as a socialist, lives in a four

596
00:33:18,480 --> 00:33:23,000
Speaker 1: million dollar house. That is correct. Wow, that's absolutely I

597
00:33:23,040 --> 00:33:24,920
Speaker 1: think I'm going to have a beer.

598
00:33:25,640 --> 00:33:27,680
Speaker 3: Yeah, I would do drink up. Hell, you got you

599
00:33:27,800 --> 00:33:30,480
Speaker 3: fooled everybody. So do we have time for this barely

600
00:33:31,560 --> 00:33:34,440
Speaker 3: great piece by John Fund National Review. He's talking about

601
00:33:34,440 --> 00:33:37,640
Speaker 3: The Road to Serfdom, the brilliant work by Friedrich Hayek

602
00:33:38,200 --> 00:33:42,040
Speaker 3: middle of the twentieth century. It warned that socialism, which

603
00:33:42,080 --> 00:33:44,560
Speaker 3: he saw really taking hold in Europe Britain in particular,

604
00:33:45,040 --> 00:33:48,800
Speaker 3: if it took hold in centralized economic planning and control,

605
00:33:49,240 --> 00:33:53,560
Speaker 3: it would lead inevitably to the erosion of individual freedom

606
00:33:53,800 --> 00:33:57,640
Speaker 3: and opportunity. And sure enough, he's right to the people

607
00:33:57,680 --> 00:34:00,720
Speaker 3: in Eastern Europe took fifty years to successfully revolt against

608
00:34:00,760 --> 00:34:07,000
Speaker 3: their masters. And they segue in this discussion to a

609
00:34:07,040 --> 00:34:11,160
Speaker 3: demographer at California's Chapman University, Joel Katkin, who's written some

610
00:34:11,200 --> 00:34:15,560
Speaker 3: really interesting stuff. This model could best be described. He's

611
00:34:15,560 --> 00:34:21,080
Speaker 3: talking about California as oligarchical socialism, the redistribution of resources

612
00:34:21,239 --> 00:34:24,600
Speaker 3: that would meet the basic material needs of the working

613
00:34:24,640 --> 00:34:28,640
Speaker 3: class and the declining middle class, but it would not

614
00:34:28,800 --> 00:34:33,040
Speaker 3: promote upward mobility or threaten the dominance of the oligarchs.

615
00:34:33,400 --> 00:34:36,360
Speaker 3: This represents a sea change from the old industrial economy.

616
00:34:36,560 --> 00:34:41,200
Speaker 3: Rather than acquiring property and gaining some self sufficiency, workers

617
00:34:41,239 --> 00:34:44,840
Speaker 3: can now expect a surf like future of rented apartments

618
00:34:44,880 --> 00:34:48,280
Speaker 3: and frozen prospects. Unable to grow into property owning adults,

619
00:34:48,320 --> 00:34:52,920
Speaker 3: they depend on subsidies to meet their basic needs. And

620
00:34:53,000 --> 00:34:59,160
Speaker 3: he's describing how California now makes it super easy to live,

621
00:35:00,840 --> 00:35:05,480
Speaker 3: you know, subsidized rents, rent control, whatever, you know, lots

622
00:35:05,520 --> 00:35:06,880
Speaker 3: of generous social programs.

623
00:35:06,960 --> 00:35:07,200
Speaker 1: Food.

624
00:35:07,239 --> 00:35:12,560
Speaker 3: But they've crushed business. They've crushed on for entrepreneurialism. It's

625
00:35:12,600 --> 00:35:15,000
Speaker 3: you can't start a business in grow it in California

626
00:35:15,040 --> 00:35:19,880
Speaker 3: unless you've got superhuman stick to itiveness. They've crushed upward

627
00:35:20,120 --> 00:35:23,480
Speaker 3: mobility while waving the flag of look at us taking

628
00:35:23,520 --> 00:35:26,040
Speaker 3: care of the downtrodden. They've done the worst thing you

629
00:35:26,040 --> 00:35:29,520
Speaker 3: could do to the downtrodden. Keep them down trodden.

630
00:35:30,760 --> 00:35:33,040
Speaker 1: Text We got about the last segment before we take

631
00:35:33,080 --> 00:35:37,480
Speaker 1: a break. Yeah, I'm changing the radio station. Too much

632
00:35:37,560 --> 00:35:40,400
Speaker 1: yelling and screaming, too much coffee. You think it's entertaining,

633
00:35:40,440 --> 00:35:44,879
Speaker 1: it's not. It's irritating. I'm gone, Okay, I apologize for that.

634
00:35:45,040 --> 00:35:47,879
Speaker 1: Have a good day, yo, Come dee o, go with God.

635
00:35:47,880 --> 00:35:51,000
Speaker 1: My friend Armstrong Engeddy on Demand is the name of

636
00:35:51,040 --> 00:35:54,319
Speaker 1: our podcast. Sorry for the yelling and screaming. Maybe they'll

637
00:35:54,360 --> 00:35:56,920
Speaker 1: be less in the future, or turn down the volume.

638
00:35:56,960 --> 00:36:01,120
Speaker 1: I don't know so much yelling. Armstrong and getting Onto

639
00:36:01,400 --> 00:36:02,879
Speaker 1: is the podcast? Bring up more in the way. Stay

640
00:36:02,920 --> 00:36:08,279
Speaker 1: with us, Armstrong and Getty.

641
00:36:09,520 --> 00:36:09,960
Speaker 3: Mm hmm