In this episode, we begin with the strange world of high-end audio, from banana wire tests to quarter-million-dollar stereo systems, and ask whether diminishing returns eventually overtake objective performance. We then react to Barack Obama’s comments about aliens before moving to our Foolishness of the Week: Australia’s $40 cigarette packs and the predictable rise of black markets and bootlegging that follows heavy taxation. From there, we turn to election law and voting rights, examining who actually has the constitutional authority to regulate elections, what the SAVE Act proposes regarding proof of citizenship, whether a president can alter voting rules by executive order, and how voter ID laws intersect with legitimacy and public trust. We also discuss gerrymandering, the structural incentives of the two-party system, and a story from a group home that raises deeper questions about civic participation and what it really means to be qualified to vote.

00:00 Introduction and Overview

00:30 Audiophile Cable Myths and the Banana Wire Test

03:54 Quarter-Million Dollar Stereo Systems and Diminishing Returns

06:32 Barack Obama Says Aliens Are Real

10:14 Foolishness of the Week: Australia’s $40 Cigarette Packs

12:26 Black Markets, Bootleggers, and Unintended Consequences

16:55 Who Actually Decides Who Can Vote?

18:39 The Constitutional Framework for Elections

22:31 The SAVE Act and Federal Citizenship Requirements

26:53 Voter ID, Legitimacy, and Political Signaling

31:41 The Real Electoral Problem: The Two-Party Duopoly

34:15 Gerrymandering and the Spoils of Political Victory

38:50 Can Trump Use an Executive Order on Voting?

41:30 Legitimacy, Public Trust, and Election Narratives

44:52 A Story from the Group Home: When Should People Vote?

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In this episode, we discuss the Netherlands’ proposed 36% tax on unrealized capital gains, unpacking what it means to tax wealth that exists only on paper and how such a policy could force asset sales, distort investment behavior, and reshape long-term incentives for savers and entrepreneurs. For our Foolishness of the Week, we turn to North Carolina, where a local official distinguished himself as perhaps the dumbest sheriff in America. We then welcome Dave Greene for an extended conversation on health insurance, exploring how risk pooling actually works, why medical pricing feels arbitrary, how regulation and the Affordable Care Act altered incentives for insurers and patients, and why price opacity and third-party payment continue to drive costs higher across the system.

00:00 Introduction and Overview

00:31 Words and Numbers Backstage & Listener Shoutouts

04:13 The Netherlands’ 36% Tax on Unrealized Gains

08:20 Who Can Afford Risk Under a Wealth-Style Tax?

12:24 Florida Snow & Strange Weather

13:39 Foolishness of the Week: The Mecklenburg Sheriff

18:54 Dave Greene Introduction: Health Insurance Insider Perspective

21:36 Why Health Insurance Feels So Frustrating

24:05 Is the System Designed to Make You Give Up?

27:32 Why Health Care Prices Stay Hidden

34:13 The $1,600 MRI vs. $200 MRI Problem

41:38 Negotiating Medical Bills (Yes, You Can)

43:36 The Affordable Care Act and Incentive Distortions

47:24 Health Insurance Profit Margins Explained

50:45 1950s Health Care vs. Today’s Innovation

53:48 Why Insurance Companies Get the Blame

57:26 Medicare vs. Private Insurance Subsidies

01:01:35 Guest Outro and Closing Thoughts

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In this episode, we discuss Ireland’s decision to make its basic income program for artists permanent and what that means for government-funded creativity, cultural value, and incentives. We examine the politics of the Super Bowl halftime show, rising ticket prices, and what cultural events reveal about tribal identity and public signaling. We then explore Texas redistricting, California’s response, and the Supreme Court’s potential role, along with broader debates over federal control of elections, absentee voting, voter ID laws, and lingering claims about the 2020 election. We also consider what legitimacy means in a constitutional republic, why “not my president” rhetoric cuts both ways, and whether secession talk solves anything. We close with a nearly catastrophic public restroom fiasco in Rome.

00:00 Introduction and Overview

00:42 Happy Bro Day!

01:57 Ireland’s Basic Income for Artists Becomes Permanent

03:21 Do Art Subsidies Create Culture or Dependency?

05:16 Super Bowl Halftime Politics: Bad Bunny vs. Kid Rock

09:40 Super Bowl Ticket Prices and Trump’s Absence

12:28 Texas Redistricting and the Razor-Thin House Majority

16:58 California Pushback and Supreme Court Implications

19:14 Trump Floats Federal Control of Elections

21:49 Absentee Voting and Constitutional Authority

23:44 Was the 2020 Election Stolen? Claims vs Evidence

27:24 Voter ID Laws and Election Integrity Debates

29:12 “Not My President” and Legitimacy in Democracy

30:51 Secession Talk and the Limits of Political Division

32:26 Compromise, Constitutional Norms, and Closing Reflections

33:46 Rome Public Restroom Fiasco

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In this episode, we discuss the United Kingdom’s move toward judge-only trials and what the erosion of jury trials means for due process and limits on state power. We examine how plea bargaining, prosecutorial incentives, and presumed guilt have reshaped the criminal justice system, along with the role of body cameras and public trust in law enforcement. We also explore federal enforcement authority, debates over the Second Amendment and constitutional carry, and why gun rights are often treated differently from other civil liberties. The conversation then turns to housing, where we break down competing estimates of the housing shortage, rising prices, zoning restrictions, rent control, and political attempts to manage prices rather than supply. We close by looking at why prices function as signals rather than levers, and how productive disagreement is essential to a healthy society.

00:00 Introduction and Overview

00:27 UK Moves Toward Judge-Only Trials

01:46 Jury Nullification and the Last Check on State Power

03:18 Prosecutors, Plea Deals, and Why Jury Trials Disappear

04:48 Presumed Guilt and the Psychology of Law Enforcement

05:58 Body Cameras and Changing Views of Police Conduct

08:01 ICE, Oversight, and Federal Enforcement Power

08:59 Judge Jeanine Pirro and Threats Against Lawful Gun Owners

10:45 The Second Amendment as a Pre-Existing Right

12:43 Limits, Exceptions, and Constitutional Carry

15:04 Federal Policing and the Purpose of the Second Amendment

16:07 Conflicting Estimates of the U.S. Housing Shortage

18:50 Housing Prices, Income Ratios, and Public Perception

20:43 Down Payments, Rent Pressure, and Affordability Myths

23:47 Spending Habits, Lifestyle Inflation, and Housing Choices

27:30 NIMBYism, Zoning Laws, and Why Supply Stays Constrained

30:15 Rent Control, Landlords, and Market Distortions

32:14 Trump on Housing Prices and Political Price Controls

33:53 Why Prices Are Metrics, Not Levers

36:07 Mortgages, Risk, and Government Loan Guarantees

38:02 How Productive Disagreement Actually Works

40:35 Closing Reflections and Community Engagement

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In this episode, we explore the strange signals people use to interpret global events, from Pentagon pizza orders and satellite data to the Big Mac Index and other unconventional measures of economic reality. We examine the decline of Google search, the rise of AI-powered alternatives, and why new tools are changing how people actually find information. For the “foolishness of the week”, we detail an unfortunate incident involving a piece of World War I artillery, before turning to a broader cultural debate about nostalgia for the 1950s. With guest Andrew Heaton, we unpack myths about work, gender roles, housing, healthcare, and prosperity, comparing mid-century life to modern standards of living. Along the way, we discuss food abundance, technological progress, wage compensation, inequality, and whether people genuinely want to return to the past or simply romanticize it from a distance.

00:00 Introduction and Overview

00:28 Pentagon Pizza Orders and “Pizza Intelligence”

02:51 Proxy Signals, Satellite Data, and the Waffle House Index

04:25 The Big Mac Index and Measuring Cost of Living

05:00 The Decline of Google Search and Sponsored Results

07:19 Switching Search Engines and the Myth of Google Monopoly

09:54 AI Search Tools and Why They Actually Work

11:28 Foolishness of the Week: World War I Artillery Incident

13:43 How Bad Ideas Escalate at Parties

15:51 Introducing Andrew Heaton

16:39 Was the 1950s a Time or a Place?

18:43 Economic Reality vs 1950s Nostalgia

20:58 Women’s Work, Household Labor, and Misleading Myths

23:56 Food Costs, Eating Out, and Modern Abundance

25:46 Medicine, Lifespan, and Why 50s Healthcare Was Worse

27:57 Housing Size, Zoning, and the Cost of Homes

30:01 Cars, Air Conditioning, and Quality of Life Improvements

31:17 Mortgage Rates and Why Housing Feels Unaffordable Now

34:02 Manufacturing, Exports, and the “We Don’t Make Anything” Myth

35:35 Agricultural Productivity and Modern Farming

37:19 Food Waste as a Measure of Prosperity

37:42 Great Depression Scarcity and Generational Habits

39:59 Transportation Costs and Higher Quality Modern Vehicles

42:50 Car Safety, Seatbelts, and Survival Rates

43:42 Wages, Benefits, and What “Compensation” Really Means

45:29 What the 1950s Actually Did Better

47:52 Inequality, Community, and Social Capital in the 50s

49:44 Technology, Isolation, and Choosing Modern Life

52:05 Longing for Silence from Technology

53:18 The Mythology of Happy Days

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In this episode, we explore everything from missing teaspoons and land acknowledgments to capital punishment and medieval economic thinking. We examine what everyday shortages reveal about prices and incentives, debate China’s use of executions for online scams, and unpack why symbolic gestures like mandatory land acknowledgments often collapse under scrutiny. We’re also joined by Andrew Heaton, host of The Political Orphanage podcast, to discuss zero-sum thinking, inequality versus poverty, and why so many economic intuitions still haven’t escaped the Dark Ages. Along the way, we look at profit caps, price controls, and the persistent temptation to treat economics like theology rather than systems thinking.

00:00 Introduction and Overview

00:28 Land Acknowledgment

01:30 The Curious Case of the Disappearing Teaspoons

03:31 What Teaspoons Teach Us About Prices and Resources

06:04 China Executes Online Scammers

08:21 When Capital Punishment Expands Too Far

09:51 Foolishness of the Week: Mandatory Land Acknowledgments

13:13 Free Speech, Property Theory, and a Faculty Lawsuit

18:32 Andrew Heaton Joins the Show

21:12 Economics Thinking That Never Escaped the Dark Ages

24:42 Zero-Sum Thinking and the Origins of Envy

27:37 Why Humans Think in Proportions, Not Absolutes

29:53 Inequality vs. Poverty

34:59 Greed, Merchants, and Medieval Economics

37:20 Why Price Controls Never Work

41:08 Theology vs. Economics

42:43 Why Profit Caps Backfire

48:09 Supply and Demand Is Not Optional

51:48 Systems Thinking vs. Witch Hunts

55:01 Why Bad Incentives Create Bad Outcomes

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In this episode, we examine proposals that would restrict or revoke U.S. citizenship, including the constitutional limits on forced renunciation, dual citizenship, and the government’s authority to define who belongs. We discuss population policy, free movement in Europe, and Supreme Court precedents that constrain state power over individual status. We also break down a sharp drop in the dollar, revisit the failures of mercantilism, and touch on the cultural politics surrounding Bill Belichick and the Hall of Fame. We then turn to firearms, protest, and political hypocrisy, looking closely at gun violence data, international bans, and the selective application of constitutional principles. We close by exploring free speech, due process, religious freedom, and what happens when rights give way to raw power, from domestic politics to authoritarian regimes abroad.

00:00 Introduction and Overview

00:32 The Exclusive Citizenship Act Explained

01:16 Forced Renunciation and Dual Citizenship Risks

02:30 Could the Government Strip Citizenship?

03:47 Population Reduction and the “100 Million Americans” Idea

05:20 European Passports, Borders, and Free Movement

06:57 Supreme Court Limits on Revoking Citizenship

08:32 Compelled Speech and Constitutional Conflicts

09:46 The Dollar’s Worst Day and Weak Currency Politics

11:17 Mercantilism and Why Economists Rejected It

12:51 Bill Belichick and the Politics of the Hall of Fame

15:34 Minnesota Shooting and the Second Amendment Flip

16:46 When and Why People Carry Guns

18:32 What the Data Really Says About Gun Violence

21:01 International Gun Bans and Substitution Effects

22:11 Protests, Firearms, and Political Hypocrisy

24:12 Republicans, Democrats, and Reversed Principles

27:39 Principles vs Preferences in Constitutional Rights

30:11 Do People Actually Believe in Free Speech?

31:35 Rights as a Defense Against Totalitarianism

32:14 Religion, the First Amendment, and Equal Treatment

33:58 The Taliban, Education, and Religious Absolutism

37:09 Why the Second Amendment Became Politically Unique

39:03 Political Violence and State Power

41:16 Due Process, Federal Force, and Law Enforcement Norms

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In this episode, we discuss why the right to an attorney remains one of the most important protections in the American legal system, using Gideon v. Wainwright to examine how due process actually functions in practice. We explore the recent surge in gold and silver prices, weighing inflation fears against global instability and market psychology, and consider how Trump’s negotiation style plays out in diplomacy and financial markets. We also examine a new film about Melania Trump, why it misses the larger political moment, and how culture increasingly drifts away from economic reality. We then turn to the so-called Great Wealth Transfer, where we explore how inheritances shape labor markets, housing prices, charitable giving, and long-term economic behavior, along with the unintended consequences that massive shifts in wealth can create for policy, taxation, and inequality.

00:00 Introduction and Overview

00:29 The Story Behind the Right to an Attorney (Gideon v. Wainwright)

03:44 Why Gideon’s Case Still Matters Today

04:43 Precious Metals Surge: Gold and Silver Prices Explained

06:40 Inflation vs. Global Risk as Drivers of Gold Prices

08:04 Trump’s Negotiation Style and Market Turbulence

09:53 Why Business Tactics Fail in Diplomacy

11:06 Foolishness of the Week: The Melania Trump Movie

13:22 Why the Movie Misses the Real Political Story

15:15 James Bores Ant with Sports Discussion

16:01 The Great Wealth Transfer

17:52 Why Inheritances Don’t Behave Like Savings

19:22 Inheritances as Economic Stimulus

22:10 Early Retirement and Labor Market Effects

23:14 Will Wealth Skip a Generation?

24:18 How Big the Wealth Transfer Really Is

25:58 Why the Economy Keeps Avoiding Recession

26:43 Racial Wealth Gaps and Political Fallout

30:49 Why Redistribution Could Backfire

32:04 Estate Taxes, Trusts, and Avoiding the IRS

36:36 Which States Will Gain the Most from Inheritance

38:25 Interest Rates, Inflation, and ESG Investing

40:29 Housing Prices vs. Rental Markets

42:26 Unintended Consequences of Massive Wealth Shifts

43:29 Charitable Giving and Inheritance Choices

44:37 Final Thoughts on Markets, Wealth, and the Future

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In this episode, we discuss how artificial intelligence is increasingly blurring the line between assistance and deception, from using AI tools to troubleshoot everyday problems to the growing risks of deepfake images and AI-generated pornography. We examine questions of name, image, and likeness as property, the limits of regulation, and whether government enforcement can realistically keep pace with rapidly evolving technology. We also dive into the foolishness of the week involving the Smithsonian and renewed debates over Trump’s impeachments, before turning to broader political questions about gerrymandering, census data, immigration, and representation. The conversation closes with a look at election denial, political extremism, rising distrust in institutions, and how economic anxiety continues to fuel anger and division across American society.

00:00 Introduction and Overview

00:26 Fixing a Computer with AI Assistance

02:00 Listener Calendar Story and Patreon Banter

03:52 AI, Deepfake Porn, and Image Ownership

05:14 Grok and AI Image Manipulation

08:01 AI Guardrails

10:44 Foolishness of the Week: Smithsonian and Trump’s Impeachments

12:15 Trump, Impeachment, and Historical Legacy

14:54 Does Trump Care About His Legacy?

17:05 Midterm Elections and House Control

18:45 Gerrymandering, Courts, and State Power

20:15 Urban vs Rural Political Divide

22:09 Redistricting, Census Rules, and Immigration

24:25 Census Overreach and Bad Data

26:00 Political Representation and Imperfect Systems

27:52 Why America Still Attracts Immigrants

28:47 Peaceful Transfers of Power and January 6

29:53 Election Denial and Institutional Trust

33:21 Political Extremism and Rising Violence

35:01 Protests, Policing, and Fear of Government

37:57 Midterms, Election Fallout, and Political Violence

38:54 Economic Anxiety and Political Anger

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In this episode, we examine the illogic behind TSA security rules and how performative regulation often substitutes for real safety, before turning to the economics of ticket scalping and why attempts to suppress secondary markets routinely backfire. We discuss proposals to cap credit card interest rates, including Donald Trump’s suggested limit, and explore how price controls distort lending, restrict access to credit, and harm the very consumers they are meant to protect. The conversation connects these issues to broader misunderstandings about markets, incentives, and regulation, highlighting how political solutions driven by optics rather than economics tend to produce higher costs, reduced choice, and unintended consequences across everyday life.

00:00 Introduction and Overview

00:26 The Illogic of TSA Rules and Security Theater

03:19 What TSA Bans (and Allows) Makes No Sense

05:47 Why TSA Rules Persist Long After the Threat Is Gone

07:02 Missed Episode Fallout and “Are You Still Alive?”

09:02 Trouble Inside the Trump Administration

12:36 Foolishness of the Week: NFL Ticket Resale Crackdown

13:15 Are Season Tickets Really “Yours”?

15:29 Why Ticket Scalping Actually Adds Value

17:21 Risk, Resale, and the Free Market for Tickets

19:05 What Secondary Markets Reveal About True Prices

21:31 Trump’s Proposal to Cap Credit Card Interest Rates

22:33 Does the President Even Have the Authority?

25:28 What a 10% Cap Would Do to the Credit Card Market

28:13 Credit Cards as Unsecured Loans and Risk Sharing

29:30 Why Banks Can’t Lend at 10% to Everyone

31:59 Trump, Elizabeth Warren, and Left-Wing Economic Policy

33:32 Why People Feel Economic Pain Despite “Good” Data

34:45 COVID Policy, Inflation, and the Middle-Class Squeeze

37:22 Who Really Pays for Artificially Cheap Credit

38:46 Life Without Credit Cards and Financial Shock Absorbers

39:53 Saving, Self-Insurance, and Economic Reality

41:58 Government Intervention and Cascading Market Failures

42:48 Why a Credit Card Cap Would Make Things Worse

45:02 Final Thoughts and Closing Reflections

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