We return after a brief hiatus to catch up on a whirlwind of recent headlines, from political drama to bizarre claims about aliens, before turning to the Supreme Court’s consideration of birthright citizenship and the broader question of executive power versus congressional authority. We examine how Congress has gradually ceded its responsibilities on issues like tariffs, war powers, and immigration, and what that means for the balance of power in government. We then head to Ireland, where one enterprising citizen used AI to track the true price of a pint of Guinness, before moving to Texas for our Foolishness of the Week, where a congressional race has taken an unusual turn as a candidate campaigns by performing at quinceañeras. Finally, we dive into financial bubbles, exploring how markets price uncertainty, why emerging technologies like AI attract massive investment despite unclear outcomes, and how bubbles function as part of the process of discovering what new innovations are actually worth.

00:00 Introduction: A Month of Chaos

02:43 Supreme Court, Birthright Citizenship, and Trump’s Presence

03:45 Executive Power vs Congressional Authority

06:16 Why Congress Keeps Ceding Its Power

09:09 Can a System This Large Even Function?

10:17 Ireland’s Guinness Price Investigation with AI

13:04 Foolishness of the Week: Texas Campaigning at Quinceañeras

16:04 Redistricting, Demographics, and Political Miscalculations

18:11 Financial Bubbles and Why Economists Ignore Them

19:17 The “Real Economy” vs Financial Markets

22:24 Pricing the Unknown: Cars, Dot-Coms, and AI

24:56 AI Investing, Speculation, and Bubble Pricing

26:53 AI as the Next Internet and Technological Integration

30:53 Amazon, Spillover Innovation, and Unexpected Winners

37:22 Consumer Power, Corporate Fear, and Market Discipline

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