Pete and James give us their winners and losers from the Coalition’s boilover election victory, discuss the wonderful state of Idaho that has removed its entire regulatory code and review the leaked email The Guardian sent to its writers urging them to ramp up the alarm on climate change (like, even more). We talk to economist Tyler Cowen of the world famous Marginal Revolution blog and author of new book, Big Business: A Love Letter to an American Anti-Hero, about the virtues of big business, why the free market is good for culture and how to convince young people to choose freedom (23:06 to 42:06). We then talk to IPA Director of Communications Evan Mulholland to review the predictions he made about the election at the start of the campaign (42:12 to 1:02:13).