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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In this episode, we explore what it means to grant legal rights and who ultimately bears the cost when governments expand them, starting with Peru’s decision to recognize rights for stingless bees and moving into a broader discussion of negative versus positive rights. We examine labor shortages in skilled trades, the unintended consequences of vacancy taxes, and common misunderstandings about loans, insurance, and debt. The conversation then turns to credit scores, interest rates, student loans, and moral hazard, including how incentives shape borrowing behavior and higher education choices. Along the way, we connect financial systems to risk pooling and insurance logic, highlighting how policy decisions, incentives, and individual responsibility intersect in everyday economic life.

00:00 Introduction and Overview

00:29 Peru Grants Legal Rights to Stingless Bees

02:40 Negative vs Positive Rights and Who Pays

05:34 Peanut Butter, Welfare Logic, and the Road to Coercion

09:39 Ford Can’t Find Mechanics and the Skilled-Trade Shortage

13:02 Seattle’s Vacancy Tax and Unintended Consequences

18:33 Why People Misunderstand Loans and “Insurance”

19:58 Variable vs Fixed Rates and Paying Debt Early

22:27 Student Loans, Taxpayer Backstops, and Moral Hazard

24:58 Default, Walking Away, and Real Consequences

28:01 College Incentives: Engineering vs Liberal Arts

30:08 What a Credit Score Measures and Misses

31:29 Credit Utilization and Multiple Cards

33:56 Hard Inquiries, Store Cards, and Credit Score Hits

38:59 Interest, Mortgages, and Paying for Time

42:47 Why the Financial System Works Like Insurance

43:39 Sports Picks and Wrap-Up

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In this episode, we challenge claims about economic stagnation by examining how interest, investing, and long-term saving actually shape wealth and retirement outcomes, including what it takes to reach a million dollars on different income levels. We then turn to public health, discussing the failures of the original food pyramid, the rise of snacking and carbohydrates, and the proper role of government as an information provider rather than an enforcer. In the “foolishness of the week,” we look at New York City’s expanding housing bureaucracy and why rent control continues to worsen affordability. We close with an in-depth discussion of Iran’s nationwide protests, internet shutdowns, water shortages, and the geopolitical consequences of a potential post-theocratic Iran for the Middle East and beyond.

00:00 Introduction and Overview

00:25 The “52 Years to Escape the Middle Class” Myth

02:29 What It Takes to Retire With $1 Million

04:25 Saving on Median vs. Bottom-Income Earnings

06:15 Narratives About Stagnation vs. Financial Reality

07:10 The New Food Pyramid and RFK Jr.’s Role

08:53 Why the Original Food Pyramid Failed

11:04 Government as Information Provider vs. Enforcer

13:04 Foolishness of the Week: NYC’s New Housing Bureaucracy

16:06 Rent Control and Why It Makes Housing Worse

17:46 Iran’s Nationwide Protests and Media Silence

20:26 Why Theocracies Look Strongest Before Collapse

22:02 Internet Shutdowns and Regime Panic in Iran

24:08 Why Mainstream News Isn’t Covering the Story

26:31 What a Post-Theocracy Iran Could Look Like

31:11 Iran’s Looming Water Crisis

34:07 Geopolitical Fallout for Russia and the Middle East

36:24 Final Thoughts on Regime Change and Human Cost

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In this episode, we reflect on a rare missed recording and share a series of listener stories that raise broader questions about compassion, responsibility, and civic duty. We examine claims surrounding illegal orders in the military and the role of oaths and institutional accountability before turning to the “foolishness of the week,” including the internet’s ability to amplify extremism and reward outrage. We then shift to why Americans consistently believe the economy is doing worse than the data suggests, exploring consumer sentiment, inflation, wages, housing costs, and the lingering psychological effects of pandemic-era stimulus. We close by discussing housing as both shelter and investment, the realities of rent and mortgage affordability, student loan debt, rising expectations, and why economic anxiety persists even in periods of growth.

00:00 Introduction and Overview

00:31 Missing an Episode for the First Time

02:28 Listener Gift and Firefighter Calendar Story

03:52 A Belated Christmas Story of Compassion

07:13 Mark Kelly, Illegal Orders, and Military Oaths

12:40 Foolishness of the Week: Nazi Dating Sites

15:08 The “Village Idiot” Theory and the Internet

18:07 Why Americans Think the Economy Is Terrible

22:08 Consumer Sentiment vs. Economic Data

24:37 Inflation, Wages, and Why It Still Feels Worse

29:27 COVID Stimulus Effects and Income Perception

33:30 Housing Costs, Rent, and Homeownership Myths

37:10 Mortgage Rates, Rent Increases, and Risk

41:04 Housing as Shelter vs. Housing as Investment

45:29 Why People Still Can’t Afford Homes

48:33 Social Media, Expectations, and Lifestyle Inflation

51:02 Student Loan Debt and the Real Affordability Crisis

55:14 College Costs, Tradeoffs, and Financial Reality

57:44 Expectations, Advertising, and Economic Anxiety

01:00:40 Why Consumer Sentiment May Never Fully Recover

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In this episode, we discuss public distrust of politicians and the realities behind presidential approval polling before turning to the math of lotteries and why people continue to play despite the odds. We examine Maryland’s proposed reparations commission, including questions of eligibility, funding, legal responsibility, and the practical challenges of tying modern policy to historical injustice. We’re joined by Phil Magness to explore the economic history of slavery, the claim that capitalism was built on slave labor, and why slavery is fundamentally incompatible with free markets. We cover Adam Smith’s opposition to slavery, misconceptions about profit incentives, the global history of forced labor, and the moral and economic failures surrounding emancipation, closing with a broader discussion of capitalism, socialism, and historical accountability.

00:00 Introduction and Overview

00:44 Presidential Approval Ratings and Polling Reality

02:38 Why Americans Have Always Hated Politicians

03:35 Powerball, Probability, and the Math of Dreaming

06:51 Maryland’s Reparations Commission Explained

08:12 Who Pays and Who Gets Reparations?

10:03 Mitigation, Law, and the Reparations Problem

14:24 Introducing Phil Magness

15:02 Was Capitalism Built on Slavery?

17:59 Slavery as an Ancient Institution

19:50 Adam Smith’s Case Against Slavery

23:05 Why Slavery Is Anti-Capitalist

24:50 Pro-Slavery Economics and Feudalism

26:16 Founding Fathers, Hypocrisy, and Moral Failure

30:21 Slavery’s Global History and Misconceptions

32:06 Incentives, Profit, and Economic Naivety

34:53 Would Slavery Have Ended Without the Civil War?

37:59 Gradual Emancipation and Historical Alternatives

40:47 Socialism, Capitalism, and the Plantation Model

44:01 Final Reflections and Closing Thoughts

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