Podcasts about New Deal

Nov 5, 2025   In this episode, public school history teacher Gianni Paul joins Breht to trace the historical roots of our current crisis — stagnant wages, mass homelessness, collapsing infrastructure, rising fascism, Gilded Age inequality, and a beaten down working class — back to Reagan's counter-revolution against the New Deal and the forty-year neoliberal project that followed. Together, they explore how neoliberalism emerged out of the crises of the 1970s, Carter's role in laying the groundwork before Reagan, the destruction of unions and working-class power, the ideological weaponization of anti-communism, the bipartisan consolidation of neoliberalism under Clinton, Bush, Obama, Trump, and Biden, the ways Reagan and Trump represent two phases of the same class project, the collapse of the Soviet Union and the rise of capitalist triumphalism, the slow disintegration of America's middle class into debt and precarity, the explosion of homelessness and hopelessness, the erosion of U.S. imperial dominance alongside the emergence of a multipolar world, and why the U.S. repeatedly chooses reaction over social transformation — raising the question of whether genuine change can still emerge from within the imperial core or whether new possibilities are taking shape elsewhere. Understanding this history is key to understanding why everyday life in America feels increasingly unstable, and what futures remain possible beyond neoliberal decay. Follow Gianni and The People's Classroom on Instagram @thepeoplesclassroom315    Check out his full lectures on YouTube HERE ---------------------------------------------------- Support Rev Left and get access to bonus episodes: www.patreon.com/revleftradio Make a one-time donation to Rev Left at BuyMeACoffee.com/revleftradio Follow, Subscribe, & Learn more about Rev Left Radio https://revleftradio.com/  

Constitution to Collectivism: Mamdani and the Road to Venezuela traces the slow, deliberate transformation of the United States from a constitutional republic built on individual liberty into a society increasingly shaped by collectivist ideology. Beginning with the New Deal era, the episode examines how emergency powers, federal expansion, and welfare-state policies permanently altered the relationship between citizens and the government. What was once sold as temporary relief became a permanent structure. Over decades, dependency replaced self-reliance, bureaucracy replaced local authority, and central planning crept quietly into everyday life. The podcast then turns to the present moment, where a new generation of political figures and activists no longer conceal their ideological goals. Through public statements, policy positions, and ideological alignment, the episode argues that figures like Zohran Mamdani and Katie Wilson represent an open embrace of democratic socialism as the next phase of this long march. Finally, the episode draws a cautionary comparison to Venezuela, not as a rhetorical scare tactic, but as a documented case study of how collectivist policies dismantle free markets, collapse economies, and consolidate power in the state. The warning is clear: nations do not fall all at once. They decline by degrees, by good intentions, and by the steady normalization of government control.Email: thefacthunter@mail.comWebsite: thefacthunter.comFact Hunter Radio is now available on the App Store for iPhoneShow Notes:We can arrest a foreign leader over him allegedly owning guns. https://x.com/barnes_law/status/2007507184662278313?s=46&t=ytitK_qmWZMvJd0lLKbt- Brilliant from jamiekaler! It's hard to make light of such a terrible crime, but this might help some thick-as-shit MAGA fanboys understand why this is wrong. https://x.com/kerryburgess/status/2007792287234023755?s=46&t=ytitK_qmWZMvJd0lLKbt-g Change the plan, change the schools https://x.com/voicesunheard/status/2007787205738233971?s=46&t=ytitK_qmWZMvJd0lLKbt-g MAYOR MAMDANI: COLLECTIVISM JEW CONNECTION also Katie Wilson  https://x.com/FoxNews/status/2006823362182394125?s=20 Mandani tenant director  https://x.com/endwokeness/status/2008031475057439076?s=46&t=ytitK_qmWZMvJd0lLKbt-g Venezuela / Israel https://x.com/rothbard1776/status/1986789757603508612?s=46&t=ytitK_qmWZMvJd0lLKbt-g Trump/Graham https://x.com/shadowofezra/status/2008013757445009544?s=46&t=ytitK_qmWZMvJd0lLKbt-g Nat Rothschild https://x.com/shadowofezra/status/2007482061418844581?s=46&t=ytitK_qmWZMvJd0lLKbt-g Venezuela banned drugs porn gay https://x.com/villgecrazylady/status/2007444873658384776?s=46&t=ytitK_qmWZMvJd0lLKbt-g Israelis Claims Maduro Cahoots Iran https://x.com/themarketswork/status/2007526691024019728?s=46&t=ytitK_qmWZMvJd0lLKbt-g Fauci biggest drug dealer https://x.com/iheartmindy/status/2007516987208151507?s=46&t=ytitK_qmWZMvJd0lLKbt-g Massie / Venezuela  https://x.com/spencerhakimian/status/2007487275475611884?s=46&t=ytitK_qmWZMvJd0lLKbt-g Office of the Special Envoy to Monitor and Combat Antisemitism https://en.wikipedia.org/wiki/Office_of_the_Special_Envoy_to_Monitor_and_Combat_Antisemitism Sen. Ashley Moody proudly tells Chabad synagogue in Miami how as Florida AG she and Ron DeSantis' cabinet flew to Israel to hold a cabinet meeting in Jerusalem. https://x.com/infolibnews/status/2007223060009521469?s=46&t=ytitK_qmWZMvJd0lLKbt-g Newly confirmed US Anti-Semitism Czar Rabbi Yehuda Kaploun praises Europe's hate speech laws as "some of the best on the books" and laments to JNS that they're not being effectively enforced. The Trump admin will "not tolerate anti-Semitism anywhere and by anybody," he says. https://x.com/infolibnews/status/2007086475486085376?s=46&t=ytitK_qmWZMvJd0lLKbt-g Yehuda Kaploun https://en.wikipedia.org/wiki/Yehuda_Kaploun Meet the Jewish insiders hoping to help Mamdani get elected as mayor https://forward.com/news/753505/jews-zohran-mamdani-election-nyc-mayor/ Working Families org 990 https://projects.propublica.org/nonprofits/organizations/204994004/202533219349306723/full Democratic Socialists Of America Inc 990 https://projects.propublica.org/nonprofits/organizations/133109557/202503209349302100/full WEF-Funded NYC Mayoral Candidate Vows to ‘End Private Property Ownership' Via: https://www.planet-today.com/2025/07/wef-funded-nyc-mayoral-candidate-vows.html?ysclid=mjxgu7pn7k195311716 #Political #US #WEF #USNews #UKNews #IndiaNews https://www.planet-today.com/2025/07/wef-funded-nyc-mayoral-candidate-vows.html?ysclid=mjxgu7pn7k195311716 Globalists Cheer Mamdani's Win https://www.armstrongeconomics.com/international-news/politics/globalists-cheer-mamdanis-win/ Landlord intervention https://www.foxnews.com/politics/hours-after-taking-office-nyc-mayor-mamdani-targets-landlords-moves-intervene-private-bankruptcy-case.amp Shlomo Kramer https://x.com/shadowofezra/status/2006938542023332179?s=46&t=ytitK_qmWZMvJd0lLKbt-g https://x.com/infolibnews/status/2006927865665958333?s=46&t=ytitK_qmWZMvJd0lLKbt-g

James Golden aka Bo Snerdley explores the systemic breakdown of American governance by critiquing government-managed charity and the resulting rampant financial fraud. Golden argues that the expansion of the welfare safety net, beginning with the New Deal and Great Society, has corrupted the nation's moral center and created a "cesspool" for embezzlement in states like Mississippi and Georgia. Learn more about your ad choices. Visit megaphone.fm/adchoices

James Golden aka Bo Snerdley explores the systemic breakdown of American governance by critiquing government-managed charity and the resulting rampant financial fraud. Golden argues that the expansion of the welfare safety net, beginning with the New Deal and Great Society, has corrupted the nation's moral center and created a "cesspool" for embezzlement in states like Mississippi and Georgia. Learn more about your ad choices. Visit megaphone.fm/adchoices

   I still get goosebumps thinking about the amazing military operation the USA conducted in Venezuela to extract narco drug lord Nicolas Maduro.  It may take months before we know just how great it was but with 150 planes in the sky and plenty of boots on the ground, it was close to perfect.   The world is amazed... and they should be.   Venezuelans cheer the news while hard left pols in America that used to call for Maduro to be taken out now say it's illegal because it's Trump.  They really love any country but ours.    The Chiefs season ends rolling craps in Vegas but they have a high draft pick and an excellent off season set up to completely remake this team.    Royals manager Matt Quatraro gets a contract extension, KU can't shake its Peterson problem and Mizzou beats the Florida Gators, again.    Our Final Final is a Guinness Record at a world famous beach.

As we launch into Season 7 of Entrepreneurial Appetite, I'm sitting down with one of my favorite co-hosts, Lloyd Kuykendoll, founder of Black Cabinet Education, to preview what's coming in 2026 and reflect on the books and conversations that are shaping our thinking.Lloyd shares the four books that changed his life this year: The Black Jacobins by C.L.R. James, I Have Avenged America by Julia Garfield (exploring the true legacy of Jean-Jacques Dessalines), The Wounded World: W.E.B. Du Bois and World War I by Chad L. Williams, and the rare bibliophile treasure Damn Rare by Charles Blockson. We dive deep into Du Bois—not just as an intellectual, but as a flawed human navigating mistakes like his controversial "Close Ranks" article, and how Anna Julia Cooper pushed him to write Black Reconstruction in America.I share my favorite interview from last season with Julius Garvey, Marcus Garvey's youngest son, discussing Justice for Marcus Garvey—an interview that happened just before President Biden pardoned Garvey.What's Coming in Season 7:We're previewing conversations with authors and entrepreneurs who are pushing the boundaries of Black economic thought:Dr. Rachel Laryea on Black Capitalists and what Pan-African business really meansTrey Baker and his blueprint for Black economic development in In the Black 2050Dr. Julia Gaffield on Dessalines and rewriting Haiti's narrativeOji and Ezinne Udezue, Nigerian-American tech leaders who wrote Building RocketshipsPlus book reviews of Banking on Freedom: Black Women in U.S. Finance Before the New Deal and Mentorship UnlockedLloyd reveals his dream interview: Dr. Greg Carr, Chad L. Williams, or Gerald Horne. I share mine: Demaurice Smith, former NFL Players Association executive director, on his book Turf Wars: The Fight for the Soul of America's Game.This season, we're also evolving—more live events, more book reviews, and a challenge for you: share your favorite episode with six people to help us grow this community of Black entrepreneurs, intellectuals, and dreamers.Lloyd closes with his powerful origin story—from being a "functioning illiterate" who feared reading aloud to building Black Cabinet Education, where his books became his greatest friends and his ancestors spoke back to him when he was lost.Welcome to Season 7. Let's build together.Support the showhttps://www.patreon.com/c/EA_BookClub

It's easy to say that a particular person violated the public trust and corruptly took funds allocated by Congress for Day Care, Autism treatment, or any of a hundred other "worthy" causes. But when citizen journalist Nick Shirley found $110 million in fraud in just one day, one has to ask if that's the real story. Or is the story actually that, beginning during the New Deal, the Supreme Court ripped the Enumerated Powers Clause (Art I, Section 8) out of the Constitution with United States v. Butler in 1936 and Helvering v. Davis in 1937. These decisions declared that the Enumerated Powers did not in any way restrict the things that Congress could spend your tax dollars on.

From whiskey in the American Revolution to Spam in WWII, food reveals a great deal about the society in which it exists. Selecting 15 foods that represent key moments in the history of the United States, this book takes readers from before European colonization to the present, narrating major turning points along the way, with food as a guide. US History in 15 Foods (Bloomsbury, 2023) takes everyday items like wheat bread, peanuts, and chicken nuggets, and shows the part they played in the making of America. What did the British colonists think about the corn they observed Indigenous people growing? How are oranges connected to Roosevelt's New Deal? And what can green bean casserole tell us about gender roles in the mid-20th century? Weaving food into colonialism, globalization, racism, economic depression, environmental change and more, Anna Zeide shows how America has evolved through the food it eats. Anna Zeide is Associate Professor of History and the founding director of the Food Studies Program in the College of Liberal Arts & Human Sciences at Virginia Tech, USA. She has previously written Canned: The Rise and Fall of Consumer Confidence in the American Food Industry (2018), which won a 2019 James Beard Media Award, and co-edited Acquired Tastes: Stories about the Origins of Modern Food (2021). Twitter. Website.  Brian Hamilton is chair of the Department of History and Social Science at Deerfield Academy. Twitter. Website. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

In early December, Governor Kotek unveiled “Oregon's Prosperity Roadmap” and laid out “three broad goals” to grow business, jobs, and the economy. While acknowledging Oregon's economic decline, her roadmap is only an updated cover for the same GPS coordinates: driving prosperity via state programs.Oregon's latest “prosperity roadmap” promises growth through new programs and administrative solutions—but decades of similar plans haven't reversed our decline. Oregon's governors have been cycling through similar campaigns since Neil Goldschmidt touted “Oregon Shines” in 1989. The problem isn't the map. It's the direction.Eighty-five years ago, in 1939, Oregon's newly elected governor, Charles Sprague, gave his inaugural address on “the economic problem of Oregon.” The Oregon Historical Society features a line from his speech on its courtyard wall, which says:“In the long history of humanity, the most precious spark is that of individual freedom.”In his day, Sprague managed the Oregon Statesman paper at a time when tyrants rose to power, and collectivist states snuffed out the “precious spark” of untold millions. He knew a thing or two about Oregon's economic challenges on the heels of the Depression, with 15 percent joblessness and dependence on New Deal spending -- rather than private sector growth. His inaugural address emphasized freedom, responsibility, and recovery. His GPS was guided by the notion that individual freedom is the atomic “spark” that ignites human ingenuity to create wealth; and that long-term prosperity flows from free enterprise rather than never-ending public support and centralized control.Oregon needs a new direction and leaders with the will and muscle to remove prosperity-crushing obstacles that prevent us from getting to cruising speed. All roads have off-ramps. Many are ditching Oregon's obstacle course and taking their sweet rides to cruise into the sunrise of better opportunity.All roads have on-ramps. The on-ramp to lasting prosperity is that “precious spark” of individual freedom. As we debate our economic future, it's important to remember Gov. Sprague's lesson. Oregon's prosperity roadmap must be guided by individual freedom.Visit www.cascadepolicy.org

From whiskey in the American Revolution to Spam in WWII, food reveals a great deal about the society in which it exists. Selecting 15 foods that represent key moments in the history of the United States, this book takes readers from before European colonization to the present, narrating major turning points along the way, with food as a guide. US History in 15 Foods (Bloomsbury, 2023) takes everyday items like wheat bread, peanuts, and chicken nuggets, and shows the part they played in the making of America. What did the British colonists think about the corn they observed Indigenous people growing? How are oranges connected to Roosevelt's New Deal? And what can green bean casserole tell us about gender roles in the mid-20th century? Weaving food into colonialism, globalization, racism, economic depression, environmental change and more, Anna Zeide shows how America has evolved through the food it eats. Anna Zeide is Associate Professor of History and the founding director of the Food Studies Program in the College of Liberal Arts & Human Sciences at Virginia Tech, USA. She has previously written Canned: The Rise and Fall of Consumer Confidence in the American Food Industry (2018), which won a 2019 James Beard Media Award, and co-edited Acquired Tastes: Stories about the Origins of Modern Food (2021). Twitter. Website.  Brian Hamilton is chair of the Department of History and Social Science at Deerfield Academy. Twitter. Website. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/food

From whiskey in the American Revolution to Spam in WWII, food reveals a great deal about the society in which it exists. Selecting 15 foods that represent key moments in the history of the United States, this book takes readers from before European colonization to the present, narrating major turning points along the way, with food as a guide. US History in 15 Foods (Bloomsbury, 2023) takes everyday items like wheat bread, peanuts, and chicken nuggets, and shows the part they played in the making of America. What did the British colonists think about the corn they observed Indigenous people growing? How are oranges connected to Roosevelt's New Deal? And what can green bean casserole tell us about gender roles in the mid-20th century? Weaving food into colonialism, globalization, racism, economic depression, environmental change and more, Anna Zeide shows how America has evolved through the food it eats. Anna Zeide is Associate Professor of History and the founding director of the Food Studies Program in the College of Liberal Arts & Human Sciences at Virginia Tech, USA. She has previously written Canned: The Rise and Fall of Consumer Confidence in the American Food Industry (2018), which won a 2019 James Beard Media Award, and co-edited Acquired Tastes: Stories about the Origins of Modern Food (2021). Twitter. Website.  Brian Hamilton is chair of the Department of History and Social Science at Deerfield Academy. Twitter. Website. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/american-studies

From whiskey in the American Revolution to Spam in WWII, food reveals a great deal about the society in which it exists. Selecting 15 foods that represent key moments in the history of the United States, this book takes readers from before European colonization to the present, narrating major turning points along the way, with food as a guide. US History in 15 Foods (Bloomsbury, 2023) takes everyday items like wheat bread, peanuts, and chicken nuggets, and shows the part they played in the making of America. What did the British colonists think about the corn they observed Indigenous people growing? How are oranges connected to Roosevelt's New Deal? And what can green bean casserole tell us about gender roles in the mid-20th century? Weaving food into colonialism, globalization, racism, economic depression, environmental change and more, Anna Zeide shows how America has evolved through the food it eats. Anna Zeide is Associate Professor of History and the founding director of the Food Studies Program in the College of Liberal Arts & Human Sciences at Virginia Tech, USA. She has previously written Canned: The Rise and Fall of Consumer Confidence in the American Food Industry (2018), which won a 2019 James Beard Media Award, and co-edited Acquired Tastes: Stories about the Origins of Modern Food (2021). Twitter. Website.  Brian Hamilton is chair of the Department of History and Social Science at Deerfield Academy. Twitter. Website. Learn more about your ad choices. Visit megaphone.fm/adchoices

From whiskey in the American Revolution to Spam in WWII, food reveals a great deal about the society in which it exists. Selecting 15 foods that represent key moments in the history of the United States, this book takes readers from before European colonization to the present, narrating major turning points along the way, with food as a guide. US History in 15 Foods (Bloomsbury, 2023) takes everyday items like wheat bread, peanuts, and chicken nuggets, and shows the part they played in the making of America. What did the British colonists think about the corn they observed Indigenous people growing? How are oranges connected to Roosevelt's New Deal? And what can green bean casserole tell us about gender roles in the mid-20th century? Weaving food into colonialism, globalization, racism, economic depression, environmental change and more, Anna Zeide shows how America has evolved through the food it eats. Anna Zeide is Associate Professor of History and the founding director of the Food Studies Program in the College of Liberal Arts & Human Sciences at Virginia Tech, USA. She has previously written Canned: The Rise and Fall of Consumer Confidence in the American Food Industry (2018), which won a 2019 James Beard Media Award, and co-edited Acquired Tastes: Stories about the Origins of Modern Food (2021). Twitter. Website.  Brian Hamilton is chair of the Department of History and Social Science at Deerfield Academy. Twitter. Website. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/popular-culture

Chicago attorney turned author Thomas E. Patterson talks abouthis latest release “American Populist: Huey Long of Louisiana” as a monumental biographyof Louisiana senator Huey Long as a progressive thinking populist hero andradical influence on the New Deal before an assassin bullet ended his life in1935, transformed politics by siding in the interest of citizens who've been ignoredby state officials and made his mark in American politics with ideals like taxingthe rich, minimum income for American families, free college admission andmore! Thomas spent 40+ years preparing & trying business lawsuits andachieved several notable settlements involving Rep. Dennis Hastert, David L.Paul, Chemical Bank and wrote two books about handling business emergencies,temporary restraining orders and preliminary junctions! Check out the amazingThomas E. Patterson and his latest release on all major platforms and www.pattersonbooks.comtoday! #thomasepatterson #author #laywer #chicagoattorney #hueylong#americanpopulist #louisiana #populist #progressivethinking #americanpolitics#americanfamilies #businesslawsuits #spreaker #spotify #iheartradio#applemusic #bitchute #rumble #youtube #mikewagner #themikewagnershow#mikewagnerthomasepatterson  #themikewagnershowthomasepatterson

Chicago attorney turned author Thomas E. Patterson talks abouthis latest release “American Populist: Huey Long of Louisiana” as a monumental biographyof Louisiana senator Huey Long as a progressive thinking populist hero andradical influence on the New Deal before an assassin bullet ended his life in1935, transformed politics by siding in the interest of citizens who've been ignoredby state officials and made his mark in American politics with ideals like taxingthe rich, minimum income for American families, free college admission andmore! Thomas spent 40+ years preparing & trying business lawsuits andachieved several notable settlements involving Rep. Dennis Hastert, David L.Paul, Chemical Bank and wrote two books about handling business emergencies,temporary restraining orders and preliminary junctions! Check out the amazingThomas E. Patterson and his latest release on all major platforms and www.pattersonbooks.comtoday! #thomasepatterson #author #laywer #chicagoattorney #hueylong#americanpopulist #louisiana #populist #progressivethinking #americanpolitics#americanfamilies #businesslawsuits #spreaker #spotify #iheartradio#applemusic #bitchute #rumble #youtube #mikewagner #themikewagnershow#mikewagnerthomasepatterson  #themikewagnershowthomasepatterson

Chicago attorney turned author Thomas E. Patterson talks about his latest release “American Populist: Huey Long of Louisiana” as a monumental biography of Louisiana senator Huey Long as a progressive thinking populist hero and radical influence on the New Deal before an assassin bullet ended his life in 1935, transformed politics by siding in the interest of citizens who've been ignored by state officials and made his mark in American politics with ideals like taxing the rich, minimum income for American families, free college admission and more! Thomas spent 40+ years preparing & trying business lawsuits and achieved several notable settlements involving Rep. Dennis Hastert, David L. Paul, Chemical Bank and wrote two books about handling business emergencies, temporary restraining orders and preliminary junctions! Check out the amazing Thomas E. Patterson and his latest release on all major platforms and www.pattersonbooks.com today! #thomasepatterson #author #laywer #chicagoattorney #hueylong #americanpopulist #louisiana #populist #progressivethinking #americanpolitics #americanfamilies #businesslawsuits #spreaker #spotify #iheartradio #applemusic #bitchute #rumble #youtube #mikewagner #themikewagnershow #mikewagnerthomasepatterson  #themikewagnershowthomasepattersonBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-mike-wagner-show--3140147/support.

Hr 2 - The Titan who may have earned a new deal + Cam’s rough second halfSee omnystudio.com/listener for privacy information.

This episode features Sports Illustrated's John Pluym, Dave Bialke from Bialke Law, attorney Jeff O'Brien and psychic Ruth Lordan.

On the latest episode of the Transfer Show, Dave Davis is joined by Trev Downey to unpack all the latest Liverpool transfer news and contract latest, with talk on Semenyo saga, and is a new deal still on for the Reds? Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hr 2 - The Titan who may have earned a new deal + Cam’s rough second halfSee omnystudio.com/listener for privacy information.

Canada Post – New Deal, same problems. GUEST: Marvin Ryder, Associate Professor at McMaster University's DeGroote School of Business Metro Vancouver sidesteps leadership problems with leak investigation GUEST: Keith Baldrey, Global B.C Legislative Bureau Chief Curling, From Club Ice to the Olympics: A Sharp, Funny, and Serious Look at the Roaring Game GUEST: John Cullen, author of Curling Rocks! Chronicles of the Roaring Game Learn more about your ad choices. Visit megaphone.fm/adchoices

The commons, unions, and a livable wage built the first mass middle class. Now younger voters want to reboot that machine at full throttle…See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Spurs Chat: Discussing all Things Tottenham Hotspur: Hosted by Chris Cowlin: The Daily Tottenham/Spurs Podcast Hosted on Acast. See acast.com/privacy for more information.

POPULIST THREATS FROM THE SOUTH: HUEY LONG AND THE TALMADGES Colleague David Pietrusza. Roosevelt faced significant challenges from Southern populists who threatened to split his support in the solid South. The most dangerous was Huey Long of Louisiana, whose left-wing "Share Our Wealth" program promised massive redistribution of assets. Long planned to siphon votes in 1936 to ensure a Republican victory, hoping to win the presidency himself in 1940, but his assassination in 1935 removed this threat. Meanwhile, Georgia's Eugene Talmadge, a conservative populist who engaged in race-baiting and opposed welfare, rallied radical elements and Confederatesympathizers against the New Deal, complicating Roosevelt's strategy. NUMBER 2

Chris Whalen, chairman of Whalen Global Advisors and author of The Institutional Risk Analyst blog, joins The Julia La Roche Show for "The Wrap with Chris Whalen." In this episode, Chris Whalen breaks down why Kevin Hassett may have blown his chances for Fed Chair by walking back Trump's views, discusses Kevin Warsh as the emerging frontrunner, and explains his reform proposal to return to a decentralized Fed with 15 district banks focused solely on sound money. He reveals why Trump's rhetoric about interest rates is backfiring (pushing the 10-year UP instead of down), predicts a home price correction in 2027-28, and explains why 3% inflation is now the new target. Whalen also discusses why gold and silver are still in early innings, how commercial real estate pain is being quietly resolved in the background, why good bank numbers mask concerning private credit risks, and answers a viewer question about BOJ rate hikes potentially triggering a broader correction.Links:    The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/  https://www.theinstitutionalriskanalyst.com/post/theira785Inflated book (2nd edition): https://www.barnesandnoble.com/w/inflated-r-christopher-whalen/1146303673Twitter/X: https://twitter.com/rcwhalen    Website: https://www.rcwhalen.com/   https://international-economy.com/TIE_Su25_Whalen.pdfTimestamps:00:00 Welcome Chris Whalen01:10 Kevin Hassett: Did he blow his chances for Fed Chair?03:38 Reforming the Fed: Decentralized model vs FDR's changes04:11 How decentralization would change Fed policy06:08 Fed must be independent of President, not Congress07:44 Post-1935 power concentration with Fed Chair08:11 How centralization distorted monetary policy09:17 Has the Fed been acting like its own hedge fund?10:30 Home price correction coming in 2027-2811:14 Subscribe reminder11:52 Trump's rate talk pushing yields UP not down12:56 Advice to Trump: Talk about growth and jobs, not rates14:09 Kevin Warsh as emerging frontrunner for Fed Chair15:17 Scrap the dual mandate, focus on sound currency16:41 CPI print this week: 3% is the new target17:23 Raising conforming limits encourages more inflation18:42 Gold, sound money, and what Treasury should do20:14 Is sound money viable?21:33 Roosevelt's New Deal legacy and today's problems22:53 Silver all-time high, gold north of $4,300 - still early innings24:22 Commercial real estate pain and which banks are exposed27:10 Private credit, NDFIs and why good bank numbers are concerning29:37 Inflation driving everything in New York and beyond30:22 Viewer question: BOJ rate hikes and impact on risk assets31:44 Wrap up, year-end predictions preview and where to find Chris

The Batters Review into Farm Profitability in England was finally published this week. It was put together by Baroness Batters, former president of the National Farmers Union. More than 150 pages long, it has 57 recommendations for the government: it calls for a National Plan for farming, and a New Deal for profitable farming that recognises the true cost of producing food and delivering for the environment. We look at the issue of supermarkets using veg like carrots and potatoes as loss leaders in their stores. Some are selling packs for as little as 5p for 2kg. We hear from the Fresh Food Editor of The Grocer magazine who says it's all about getting shoppers through the door, but can ultimately devalue food. All this week on our sister programme Farming Today we've been looking at the rural heritage buildings that make up our countryside, from barns to country houses. Today we hear from students learning heritage construction skills, a church in need of renovation, and historic mill stones.And we're at a livestock market carol service, where a silver brass band replaces sheep and cattle in the stalls.Presented by Charlotte Smith and produced by Sally Challoner.

In today's episode on 20th December, we tell you why Aurionpro Solutions' stock hasn't been doing well lately.https://ditto.sh/vx51ji 

Dave Davis looks at all the latest Liverpool news ahead of a game against Spurs this weekend, with focus on Semenyo, Guehi and Minguez links, Szob and Ibou contract talks and all other stories. Learn more about your ad choices. Visit podcastchoices.com/adchoices

On Thursday's Football Daily, Eve Conway has the latest ahead of a night of European action for Shelbourne and Shamrock Rovers Nancy on Celtic's poor run of form Chris Sutton and Vinny Perth react to chaos at CelticGlasner complains over tight Christmas fixturesWomen's Champions League knock-out draw is todayRobbie Keane signs a new contract at FerencvárosBecome a member and subscribe at offtheball.com/join

Scott interviews economist Bob Murphy about how the Federal Reserve enables the government to pursue its wars of choice. They also talk about the soundness of Modern Monetary Theory, the prospect of a war with Venezuela, the affordability crisis and more. Discussed on the show: The Creature from Jekyll Island by G. Edward Griffin What Has Government Done to Our Money? by Murray Rothbard Secrets of the Temple: How the Federal Reserve Runs the Country by William Greider Politically Incorrect Guide to the Great Depression and the New Deal by Robert P. Murphy Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America's Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Human Action Podcast and The Bob Murphy Show. Follow him on X @BobMurphyEcon Audio cleaned up with the Podsworth app:  https://podsworth.com Use code HORTON50 for 50% off your first order at Podsworth.com to clean up your voice recordings, sound like a pro, and also support the Scott Horton Show! For more on Scott's work: Check out The Libertarian Institute:  https://www.libertarianinstitute.org Check out Scott's other show, Provoked, with Darryl Cooper https://youtube.com/@Provoked_Show Read Scott's books: Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine https://amzn.to/47jMtg7 (The audiobook of Provoked is being published in sections at https://scotthortonshow.com) Enough Already: Time to End the War on Terrorism: https://amzn.to/3tgMCdw Fool's Errand: Time to End the War in Afghanistan https://amzn.to/3HRufs0 Follow Scott on X @scotthortonshow And check out Scott's full interview archives: https://scotthorton.org/all-interviews This episode of the Scott Horton Show is sponsored by: Roberts and Roberts Brokerage Incorporated https://rrbi.co Moon Does Artisan Coffee https://scotthorton.org/coffee; Tom Woods' Liberty Classroom https://www.libertyclassroom.com/dap/a/?a=1616 and Dissident Media https://dissidentmedia.com You can also support Scott's work by making a one-time or recurring donation at https://scotthorton.org/donate/https://scotthortonshow.com or https://patreon.com/scotthortonshow Learn more about your ad choices. Visit megaphone.fm/adchoices

 Download Audio. Scott interviews economist Bob Murphy about how the Federal Reserve enables the government to pursue its wars of choice. They also talk about the soundness of Modern Monetary Theory, the prospect of a war with Venezuela, the affordability crisis and more. Discussed on the show: The Creature from Jekyll Island by G. Edward Griffin What Has Government Done to Our Money? by Murray Rothbard Secrets of the Temple: How the Federal Reserve Runs the Country by William Greider Politically Incorrect Guide to the Great Depression and the New Deal by Robert P. Murphy Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America's Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Human Action Podcast and The Bob Murphy Show. Follow him on X @BobMurphyEcon Audio cleaned up with the Podsworth app: https://podsworth.com Use code HORTON50 for 50% off your first order at Podsworth.com to clean up your voice recordings, sound like a pro, and also support the Scott Horton Show! For more on Scott's work: Check out The Libertarian Institute: https://www.libertarianinstitute.org Check out Scott's other show, Provoked, with Darryl Cooper https://youtube.com/@Provoked_Show Read Scott's books: Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine https://amzn.to/47jMtg7 (The audiobook of Provoked is being published in sections at https://scotthortonshow.com) Enough Already: Time to End the War on Terrorism: https://amzn.to/3tgMCdw Fool's Errand: Time to End the War in Afghanistan https://amzn.to/3HRufs0 Follow Scott on X @scotthortonshow And check out Scott's full interview archives: https://scotthorton.org/all-interviews This episode of the Scott Horton Show is sponsored by: Roberts and Roberts Brokerage Incorporated https://rrbi.co Moon Does Artisan Coffee https://scotthorton.org/coffee; Tom Woods' Liberty Classroom https://www.libertyclassroom.com/dap/a/?a=1616 and Dissident Media https://dissidentmedia.com You can also support Scott's work by making a one-time or recurring donation at https://scotthorton.org/donate/https://scotthortonshow.com or https://patreon.com/scotthortonshow

The DA has officially charged Nick Reiner with the murder of his parents, Rob and Michele. Howard Stern inks a 3 year deal to stay at SiriusXM, Hailey's haircut and Angelina Jolie shares mastectomy scars. A wild story that could involve David Harbour and Hilaria so badly wants to be Kris Jenner. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Seth and Sean talk with Audacy NFL Insider Ross Tucker, dive into the odds for DeMeco Ryans to win Coach of the Year, and Laremy Tunsil wanting a new contract. Good thing that's not the Texans' problem anymore.

From the 1930s through the early 1960s, roughly half of Americans described themselves as liberals. But in the decades that followed, liberalism has suffered near-continuous reputational decline. The critics, rivals, and enemies of liberalism sought to redefine its public image downward, and nearly all succeeded. Among these opponents were the conservatives around William F. Buckley Jr., who attempted to portray liberalism as a combination of militant secularism and socialism or even communism; while a majority of Americans didn't buy this definition, Buckley and his confreres succeeded in equating liberalism with leftism, to the point that more than half of Americans tell pollsters that the Democratic Party has become “too liberal.” But actual left-wing critics felt that, on the contrary, postwar liberals had betrayed the radical potential of the New Deal and smothered American society in corporate capitalism and conformist consensus. Black civil rights activists, for their part, came to feel that white liberals were treacherous allies, unwilling to push for true equality if it would threaten their own power and position. Kevin G. Schultz, a professor of History, Catholic Studies, and Religious Studies at the University of Illinois at Chicago, has researched the descent of liberalism's reputation across the latter half of the twentieth century and up to the present. Why, he wonders, “have so many people come to hate white liberals, including, perhaps, even white liberals themselves?” He describes this history in his new book, Why Everyone Hates White Liberals (Including White Liberals). In this podcast discussion, he concedes that liberalism set itself up for criticism in many ways, but nonetheless concludes that liberalism did not fall of its own weight – it was “assassinated,” as he put it, by its political opponents, who “recognized they could defeat liberalism in America… not by attacking its politics or policies, which generally remained popular,” but instead by “giving it meanings no self-respecting liberal would accept but from which they couldn't successfully escape.” And by mocking the people who upheld that philosophy, the white liberals, the critics gave the word “liberal” so much baggage that the concept of liberalism could no longer be defended — to the point that Schultz now feels the very term should be abandoned. 

This Day in Legal History: West Coast HotelOn December 16, 1936, the US Supreme Court heard oral arguments in West Coast Hotel Co. v. Parrish, a case that would become a cornerstone in constitutional law and mark a significant turning point in the Court's approach to economic regulation. At issue was the constitutionality of Washington State's minimum wage law for women, which had been challenged by the West Coast Hotel Company after Elsie Parrish, a maid, sued for back wages.The case arrived during a period when the Court had consistently struck down New Deal-era economic regulations, relying on a broad interpretation of “freedom of contract” under the Due Process Clause of the Fourteenth Amendment. Earlier cases like Lochner v. New York had enshrined a judicial skepticism toward government interference in labor and wage arrangements.However, in Parrish, the Court's posture shifted. The eventual decision, handed down in 1937, upheld the minimum wage law, effectively signaling the end of the so-called Lochner era. The majority reasoned that the state had a legitimate interest in protecting the health and well-being of workers, particularly vulnerable low-wage employees.Justice Owen Roberts, who had previously sided with the Court's conservative bloc, voted with the majority—his move later came to be known as “the switch in time that saved nine,” as it followed President Roosevelt's controversial proposal to expand the Court.The decision validated broader governmental authority to regulate the economy, and it cleared the path for many New Deal policies to take root. It also marked a recalibration in the balance between individual economic liberty and the public interest.West Coast Hotel remains a landmark case in US constitutional history, exemplifying how judicial interpretation can evolve in response to changing social and economic realities.The 2025 tax-and-spending law introduced an overtime tax deduction that was billed as relief for overworked, working-class Americans. But the reality shaping up for the 2026 filing season is far more complicated—and far less beneficial—than its political framing suggested. The deduction does not exempt overtime pay from taxation; instead, it offers a narrow, post-withholding deduction that workers must calculate themselves, often without support from their employers or sufficient guidance from the IRS.The structure of the deduction is flawed: it only applies to the “half” portion of time-and-a-half pay and is capped at $12,500. For lower-wage workers to take full advantage, they must clock extraordinary amounts of overtime—something not feasible for many. Meanwhile, employers are actively disincentivized from helping employees understand or claim the benefit. If they report eligibility and make an error, they could face legal penalties, while doing nothing carries no risk. The system thus favors inaction and leaves employees to fend for themselves.Without clear W-2 guidance or safe harbor rules, the deduction becomes accessible primarily to those with tax professionals or payroll tools—functioning as a quiet subsidy for the well-advised. For others, it's a bureaucratic maze with limited reward. To prevent administrative failure, the IRS should at least provide a legal safe harbor for employers and model W-2 language. A more ambitious fix would be a flat-rate standard deduction for eligible workers, reducing complexity. Until then, this “relief” policy punishes transparency, discourages compliance, and places the greatest burden on those with the fewest resources.Trump Overtime Tax Break More a Political Tagline Than Tax ReliefDonald Trump filed a lawsuit in federal court in Miami seeking up to $10 billion in damages from the BBC, alleging defamation and violation of Florida's unfair trade practices law. The suit stems from an edited segment in a BBC Panorama documentary that combined parts of Trump's January 6, 2021 speech—specifically his calls to “march on the Capitol” and to “fight like hell”—while omitting language where he encouraged peaceful protest. Trump claims the edit falsely portrayed him as inciting violence and caused substantial reputational and financial harm.The BBC had previously admitted to an error in editing, apologized publicly, and acknowledged the clip could give a misleading impression. However, the broadcaster argues that there is no legal basis for the lawsuit. UK officials have backed the BBC's position, saying it has taken appropriate steps. Despite this, Trump's legal team claims the broadcaster has shown no real remorse and continues to engage in what they describe as politically motivated misrepresentation.The documentary in question aired before the 2024 U.S. presidential election and triggered significant fallout for the BBC, including the resignations of its top two executives. While the program did not air in the U.S., it was available via BritBox—a BBC-controlled streaming service—and possibly distributed in North America through licensing deals with Canadian firm Blue Ant Media.Legal experts say Trump faces a high bar in U.S. courts under First Amendment standards. He must prove not only that the edited content was false and defamatory, but also that the BBC acted with actual malice or reckless disregard for the truth. The BBC may argue that the content was substantially accurate and did not materially harm Trump's reputation. Other networks, including CBS and ABC, previously settled defamation claims with Trump after his 2024 election victory.Trump seeks up to $10 billion in damages from BBC over editing of January 6 speech | ReutersU.S. law school enrollment surged 8% in 2025, reaching a 13-year high with 42,817 first-year students, according to new data from the American Bar Association. The increase follows an 18% rise in law school applicants and continues a multi-year upward trend, fueled by a mix of economic uncertainty, political intensity, and a growing interest in legal careers. The sluggish job market for college graduates, coupled with the centrality of legal issues during Donald Trump's second presidential term, has contributed to renewed interest in law degrees.A significant number of prospective students also cited personal and social motivations. A survey of 15,000 LSAT takers found rising interest in using law degrees to “help others” and “advocate for social justice,” with both reasons seeing double-digit percentage increases over last year. The pool of LSAT test-takers has grown as well, signaling likely continued enrollment growth in 2026.Some elite law schools, including Harvard, enrolled their largest first-year classes in over a decade. However, the long-term outlook remains uncertain. Legal employment has been strong in recent years, with the class of 2024 posting record job placement, but experts warn that advances in artificial intelligence could reduce demand for new associates—particularly at large firms offering high salaries. Smaller sectors like government and public interest law may struggle to absorb excess graduates if hiring slows.US job market, politics fuel 8% surge in law school enrollment | ReutersDonald Trump's controversial plan to build a $300 million, 90,000-square-foot ballroom on the White House grounds is facing its first legal challenge in federal court. The National Trust for Historic Preservation has sued Trump and several federal agencies, alleging that the demolition of the East Wing to make way for the ballroom violated multiple preservation laws and bypassed required reviews. The group is seeking a temporary restraining order to halt ongoing construction, citing irreversible damage to the historic structure.Since returning to office in January, Trump has made high-profile aesthetic changes to the White House, including installing gold accents in the Oval Office and converting the Rose Garden lawn into a patio modeled after Mar-a-Lago. But the scale and visibility of the ballroom project has drawn particularly intense criticism, especially as heavy machinery was seen dismantling the 120-year-old East Wing.The lawsuit argues that no president, including Trump, has the unilateral authority to alter protected parts of the White House without following procedures involving public input and reviews by agencies like the National Capital Planning Commission and the Commission of Fine Arts.The administration defended the project as lawful, citing historical precedent and presidential authority to modify the executive residence. It emphasized that above-ground construction was not scheduled to begin until April, rendering emergency relief unnecessary. Still, the National Trust contends that public consultation and proper approvals are not optional and must be upheld regardless of the project's timeline or presidential status.Trump's $300 million White House ballroom makeover faces day in court | ReutersA federal judge has ruled that the U.S. Department of Agriculture (USDA) must extend the deadline for states to implement new immigration-related restrictions on food aid benefits under the Supplemental Nutrition Assistance Program (SNAP). The decision, issued by U.S. District Judge Mustafa Kasubhai in Oregon, came in response to a lawsuit brought by 21 Democratic-led states and the District of Columbia. The states argued they were not given adequate time or clarity to comply with the new rules, which were tied to President Donald Trump's domestic policy legislation passed in July.The USDA had initially set a November 1 deadline for states to comply with the restrictions, which limit SNAP benefits to U.S. citizens and lawful permanent residents. However, the guidance issued on October 31 created confusion by implying that some lawful residents—such as those who entered the U.S. as asylees or refugees—were ineligible, contrary to what the law allowed. The USDA later revised the guidance, but still maintained the November 1 deadline.Judge Kasubhai extended the grace period for compliance until April 9, finding the original deadline arbitrary and harmful to state budgets. He noted that the USDA's sudden guidance rollout undermined states' ability to respond and eroded trust in federal-state cooperation. The ruling blocks the USDA from penalizing states that don't meet the earlier deadline while the lawsuit proceeds.USDA must give states more time to implement new food aid restrictions, judge rules | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Despite its long-held place in history as the lynchpin of America's recovery from the Great Depression, what if the New Deal did more to hinder the country's recovery than help it? George Selgin is a professor emeritus of economics at the University of Georgia and former director of the Center on Monetary and Financial Alternatives at the Cato Institute. His books like, False Dawn: The New Deal and the Promise of Recovery and Floored!: How a Misguided Fed Experiment Deepened and Prolonged the Great Recession, examine macroeconomic theories through the lens of key moments in monetary history. In this conversation, Greg and George dive deep into the inner workings of The Great Depression, covering the biggest misconceptions surrounding the New Deal's role in ending the crisis, why many of President Roosevelt's policies were counterproductive, and how pre-existing, international factors impacted the U.S.'s recovery.*unSILOed Podcast is produced by University FM.*Episode Quotes:The myth of New Deal wisdom47:17: The thing that people have to remember when they are inclined to think, oh, you know, we need to look back at the New Deal and all the wonderful things they did to end the Depression. They knew so much, you know, they had all these experiments. No. We know a lot more about how to fight recessions and depressions than they did because we know that fiscal and monetary stimulus are our best hopes. And those were two things that the Roosevelt administration did not put much, if any, emphasis upon. And that, of course, just hearing that should give a lot of people second thoughts about how helpful the New Deal was. They did a lot of stuff, but they did not do the main thing we rely on now. The main things, they did not promote monetary stimulus, and they did not promote fiscal stimulus except somewhat, reluctantly.Keynes vs. the New Dealers59:39: I certainly believe that if Keynes's advice had been followed instead of what the New Dealers did, that the Depression would have ended much sooner than it did in the United States. The downside of "bold experimentation"35:56: Roosevelt made two statements that were probably the least, the two main unambiguous things he said, one of which turned out to be a very accurate description of what his administration would end up doing. And the other one of which would be a very inaccurate statement. This is all in the course of the campaign. The accurate statement was when he said that his administration planned to go about addressing the Depression through bold experimentation. And that is absolutely true. There was a lot of trial and error. And the problem is, as I say in my book, you know, the problem with bold experiments is they often fail.On war clouds and gold flows45:41: What keeps gold flowing in for the rest of the decade, and more and more of it as time goes on, is Hitler's rise to power and the, the gatherings war clouds that eventually have many, many Europeans thinking, I do not think this is place, this place is safe for our gold. And as long as they could, taking it and shipping it to the United States, where now after the suspension of the gold standard and the devaluation, the treasury alone is buying all the gold.Show Links:Recommended Resources:John Maynard KeynesFranklin D. RooseveltHerbert Hoover Henry Ford Alexander J. Field James Bradford DeLong Guest Profile:Faculty Profile at University of Georgia Professional Profile at the Cato InstituteProfessional Profile on LinkedInProfile on XGuest Work:False Dawn: The New Deal and the Promise of Recovery, 1933–1947 Floored!: How a Misguided Fed Experiment Deepened and Prolonged the Great RecessionMoney: Free and Unfree Less Than Zero: The Case for a Falling Price Level in a Growing EconomyThe Menace of Fiscal QE  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Disney CEO Bob Iger and OpenAI CEO Sam Altman join David Faber exclusively to talk about a new content licensing and investment deal between the two companies. Plus, the latest on the Fed decision, Oracle's big plunge, and media investor Mario Gabelli discusses the Warner Bros. Discovery saga.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Gametime Ticket Offer: $20 off with code "FARZY" at gametime.co The Farzy Show presented by MyBookie Promo: No-strings-attached cash bonus up to $200 Promo Codes: FARZY ..  https://mybookie.website/joinwithFARZYManscaped Offer: 20% off AND Free Shipping with code "Farzy20" at Manscaped.comCopyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. Fair use is a use permitted by copyright statute that might otherwise be infringing.

President Trump announced on Monday that he was signing an executive order to have ONE RULE (his words, not mine) when it comes to artificial intelligence, seeking to suppress the Tenth Amendment rights of states to have their own regulatory framework around, well, every single other industry on the planet. Over the weekend the president said he was concerned about the Netflix purchase of Warner Brothers because “that might give them too big of a market share.”These feigned antitrust/monopolistic concerns and blatant disregard for states' rights in favor of a behemoth federal government control are longstanding beliefs and practices of the New Deal, big government left. They have been anathema to the right for time eternal. These are deeply concerning shifts in both action and philosophy that must be fervently resisted by those who still revere the Constitution and cherish the very concept of economic liberty. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Historian David Kennedy looks at Franklin D. Roosevelt's leadership by exploring how he guided the United States through the twin upheavals of the Great Depression and World War II. Kennedy explains how FDR reshaped federal power, responded to mass economic hardship, and slowly steered a largely isolationist nation toward global responsibility. The discussion highlights the weaknesses of the pre–New Deal government, Roosevelt's innovative (and sometimes improvised) approach to rebuilding institutions, and the ongoing historical debates over what he was trying to achieve and how successful he really was. Overall, the exchange paints FDR as both a bold domestic reformer and a key architect of the postwar international system that defined American leadership for decades.

Keith reviews the state of the real estate market, noting that existing home sales are down about 33% from their 2021 peak, while prices remain firm due to low supply and high demand.  Affordability challenges are driven by stagnant wages, inflation, and higher mortgage rates, with 70% of mortgage holders still locked in at rates below 5%.  He observes that in certain markets, new construction may now offer better investor terms than comparable existing properties, especially where builders buy down rates.  The episode highlights a comparison of nearly a century of asset class returns, reporting real estate's long-term annual appreciation at approximately 4.7%. Episode Page: GetRichEducation.com/583 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com or text 'GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation   Complete episode transcript: Keith Weinhold  0:01   welcome to GRE. I'm your host. Keith Weinhold, how do other audiences feel about the GRE mantras that we've come to love here, like financially free beats debt free and don't get your money to work for you? Then sometimes it's not what you're attracted to in life, but what you're running away from finally comparing the returns from six major asset classes over the past century all today on get rich education    Keith Weinhold  0:29   since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  1:18   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:34   Welcome to GRE from Kennebunkport, Maine to Bridgeport, Connecticut and across 188 nations worldwide. It is the voice of real estate investing since 2014 I'm Keith Weinhold, and I'm grateful to have you here with me, and we're doing something a little different today, as you'll soon listen in to me as I was on the hot seat being interviewed on another prominent real estate show. But first, when you pull back and ask yourself, why you're really an investor in the first place? There are so many reasons. Maybe you just want a few properties in order to supplement your day job income. Maybe you want to have more than a few so that you can completely replace that active income, or perhaps rather than going the route of building up your cash flow, which is valid, but some think that it's the only way to real estate financial freedom. Instead, you could own, say, nine doors or 22 doors, and even if they all had zero cash flow, you can just keep borrowing against that leverage and equity tax free and live off of that whatever you do when it comes to your day job, income, your degree of disdain for your nine to five job that is going to be greater or less than it is for some others. So your motivation for self improvement, it isn't always about what you're running to in life, which could be real estate investing, but it's also what you're running away from, especially if you don't get a deeply rooted sense of meaning from your job. So you could have both a push factor and a pull factor in what motivates you. There's a scene from the 1999 movie Office Space that just does this incredibly unvarnished job of saying out loud how so many of us feel today. What I'm going to share with you, I mean, you know that you have felt this at least once in your life. Office space wasn't supposed to be a mega hit movie, but it kind of was, because it's so relatable. Let's listen in to part of this clip. This is Ron Livingston playing a disgruntled male employee talking to Jennifer Aniston at a restaurant about his job in the movie Office Space.   Speaker 1  4:09   I don't like my job, and I don't think I'm gonna go anymore. You're just not gonna go. Yeah, won't you get fired? I don't know, but I really don't like it, and I'm not gonna go.   Keith Weinhold  4:24   Then it continues when she asks. So you're just gonna quit? No, not really. I'm just gonna stop going. When did you decide all of that? About an hour ago? Really? Yeah, aren't you going to get another job? I don't think I'd like another job. What are you going to do about money in bills and all that? I've never really liked paying bills. I don't think I'm going to do that either.   Keith Weinhold  4:53   That's it. That is the end of that classic dialog from office space that we can. All relate to you did not wake up to be mediocre, but a lot of people's jobs pummel them into a rather prosaic state. You were born rich because you were born with this abundance of choices, this huge palette in menu, but society often stifles that and makes you forget it, and it gets really easy to just fall into your groove and stay there. The main reason we aren't living our dreams is really because we're living our fears. Failure doesn't actually destroy as many dreams as people think fear and doubt. Does fear and doubt destroy more dreams than failure ever does financial runway? That is a phrase for the amount of time that you can maintain your lifestyle without the need for a paycheck. And it's critical for you to lengthen this runway if you hope to retire early, and it will dramatically reduce your stress level. An example is say that you currently earn 150k per year after taxes, and you spend 126k of that, all right. Well, that means you've got a surplus of 24k a year. Well, it's going to take you a little over five years to accumulate that 126k that you need to annually support your lifestyle. That's what happens if you don't invest. And see investing helps you lengthen your financial runway, that amount of time you can maintain your lifestyle without the need for a paycheck. That's what we're talking about here. Last week I brought you the show from Caesar's Palace in the center of the Las Vegas Strip. So therefore, what I've done is I have gone from the ostentatious and flamboyant over here to the familial and simple as this week I'm in Buffalo New York, broadcasting from a somewhat makeshift GRE studio here, the Buffalo Bills had a home game yesterday, so the city and hotels are busier than usual. Next week, I will bring you the show from upstate Pennsylvania, as I'm traveling to see my family. Let's listen in to me on the hot seat. I was recently a guest on Kevin bups long running real estate investing show. You're going to get to see how I present information and GRE principles for the first time to a different audience. And as I do, you're going to hear me provide new material, but you'll also hear me say quite a few things that I have told you before, even then, the concepts might land differently when I'm explaining them to a new audience. The show is based in Florida, so We'll also touch on the real estate pain and opportunity there. After I'm interviewed, I'm going to come back and tell you about something fascinating. I'm going to compare the returns from six major asset classes over the past century, since 1930 anyway, and that's going to include the first time on the show where I'll tell you real estate's annual appreciation rate over the last entire century. Just about what do you think it is? 8% 5% 3% you're gonna have, perhaps the best answer you've ever had. Here we go.   Kevin Bupp  8:31   Now, guys, I want to welcome back a guest that we've had on. It's been a number of years now. Keith Weinhold, I went back to look at the last episode we had him on. I think it's been about four years. So, you know, four years ago, the world was in the very different state. It was a very different time. And so, you know, thankfully, we're out of the covid era and on to newer and greater things. So for those that don't know Keith, he's the founder of get rich education. He's the host of the popular get rich education podcast. He's a longtime thought leader in the real estate investing space, and like myself. Keith was also born and raised in Pennsylvania. For those that know don't know, I was born and raised in Harrisburg, Pennsylvania, Keith, I believe, a couple hours away from where I was. But Keith has very much a unique perspective on wealth, building debt, and really the housing market as a whole. And today, you know, we'll be diving into everything you know, from why the property itself? This is something that Keith kind of coins, why the property itself is less important than you think, to how the housing crash has already happened in a way that most people don't even realize, to the role inflation and debt play in building long term wealth. And so again, it's been a number of years here, so I'm excited to welcome Keith back here. So my friend, Keith, welcome to the show. It's it's a pleasure to have you back here again, my friend.   Keith Weinhold  9:43   Oh, Kevin, it's good to be here and be in the auspices of another fellow native Pennsylvanian as well.   Kevin Bupp  9:49   That's right, that's right, yeah, no, Pa is rocking and rolling as I think I told you this little, this little tidbit last time everyone, every time I speak with someone from Pennsylvania, they never know this. But I'm going to share this fun fact. Are you already know, Keith. I'm gonna share it with the rest of the listeners here today, Pennsylvania, those that are born and raised there. It's the only state where, if you're from Pennsylvania, you refer to it by its initials, and you assume that everyone else, everywhere else across the country, they know what you're talking about when you say I'm from PA and that's the only state that does that. So I think it's pretty neat.   Keith Weinhold  10:19   That's right. No one else does that. No one else says, I'm from TN, if they're from Memphis, right?   Kevin Bupp  10:24   They don't, they don't. So with that, my friend. So, you know, it's, again, it's been a number of years since we, since we had you last on here, you know, let's start with just, let's back up a little bit. You know, what have you been up to? I mean, what, what have the last few years look like for you? Where have you been spending your time, energy and efforts? Obviously, it's, you know, we've gone through some quite a bit of turmoil over the last five years, and would love to just get an update as to what's going on your life.    Speaker 2  10:48   Well, one of the big words in real estate investing, we all know it, even the person that cuts your hair and cleans your teeth knows it, and that's affordability. You know, really, affordability has been under fire, under pressure. By a lot of measures, we have the worst affordability for home buying since the early 80s, when the Jeffersons was on television. So it's been helping a lot of people deal with that. It's really the effect of three things, general inflation, higher home prices and higher mortgage rates. Really, those three things the crux of the problem. It's not exactly inflation, really. It's the fact that over the long term, wages don't keep up with inflation. And really that's the crux of the affordability problem. So I've been helping people deal with that and put that in perspective, really, Kevin,   Kevin Bupp  11:42   what does that mean for, you know, investment, real estate? I mean, are you still still doing deals? Are you seeing deals still get done by your students? I mean, what? What's your world look like?   Keith Weinhold  11:52    Yeah. I mean, I think you're asking, you know, how many deals are taking place? One way to measure that on a national basis is existing home sales. You know, existing home sales have been down substantially. And when a lot of people hear that, they think, prices, oh no, we're not talking about prices. We're talking about existing home sales. That means sales volume. That means the amount of overall transactions. So to give an idea of a real estate market, a residential one that's become pretty lethargic and not very vibrant, is that sales volume. It had its recent peak of about 6 million home sales back in 2021 I mean, 2021 was crazy, kind of the crux of the pandemic, you know, Kevin, that's when for an open house. You saw cars wrapped around the block for just one open house. Okay, well, that year 2021 there were 6 million existing home sales. Today, we're on pace to do about 4 million, and we also did only about 4 million last year. So if you put that in perspective and think about what that means, prices have stayed stable, but that's a 33% reduction in transactions. So investors, you know, people like you and I, Kevin, we're not as affected by this as some other industries. But think about the mortgage loan industry. If you're doing 33% fewer transactions, think about the hard decisions companies have to make and lay people off. 33% fewer transactions for title companies. It's probably close to 33% fewer transactions for furniture companies as well. So really it's both affordability that's been a problem, and that's led to this relative lethargy, kind of a slow, not very interesting residential real estate market, at least from the transaction perspective, really, really slow.   Kevin Bupp  13:58   But Could, could one not argue, I don't know the data points. Keith, I guess, what did it look like? 2021? Was kind of the peak. I think you'd reference 6 million units a year. Transactionally, what did it look like prior? What, what was, what was a more normal year like? And maybe 2020, wasn't a normal year either, right? Because a lot of folks thought the role was ending for a period of time. You know, 2019 maybe just again, trying to, trying to find maybe a better baseline to use. And then, you know, does, I guess, in my mind, and I don't follow these data points as much as you do, is that maybe 2021, was, you know, somewhat artificial inflation, right? Lots of lots of money pumping into the marketplace. And ultimately, we had to get back to a sense of normalcy at some point in time. And so are we at a at a place of normalcy? Are we still behind the eight ball a little bit?   Keith Weinhold  14:44   We're still behind the eight ball a little bit. 5 million is more of a normal long term number. But yeah, I mean, if we've got 4 million now, that's, you know, 25% less still than 5 million, sort of this long term normalcy rate of existing. Home transactions. And if you're a careful listener, you notice I've been using the word existing that doesn't include new build. So you know, when you the listener out there reading headlines, always look at that closely. We talking about existing? Are we talking about new build? You can learn a lot from that when you introduce new build data that introduces an awful lot of noise. For example, even when we look at prices, sometimes we want to exclude new construction. So why is that? Why do we want to focus on existing a lot? Well, because new build can introduce a lot of aberrations to the market. For example, the size of new build properties has dropped substantially the past few years, again, coming back to the central theme of affordability to help make a home more affordable. So we're not looking at same same when the square footage of a property drops a lot. And also, another thing that's been happening as a response to the lack of affordability is you have more builders building further and further out from a central business district where there are lower land costs for that new build property as well to help meet affordability. So the takeaway is, yeah, we want to be careful when we look at numbers. Are we looking at existing? Are we looking at new? Are we looking at overall properties.   Kevin Bupp  16:22   If you believe that if rates come down, we really is that the is that the lever that has to be pulled in order for that transactional volume to kick back up and, you know, make homes more affordable for the average home buyer,   Keith Weinhold  16:34   yeah, it's certainly going to help. I mean, really lower rates is the most likely significant lever that can help with the affordability crisis. Prices are pretty firm. Home prices are up 2% year over year. It's difficult for home prices to fall. In fact, home prices have only fallen one time substantially since World War Two. A lot of people don't realize that. So home prices are firm. I expect them to stay firm. And then the other lever is if we get a huge surge in wage increases, which I really don't expect anytime soon, unless we have another really big bout of inflation. So to your point, yes, lower mortgage rates like, that's the biggest lever that can help affordability return. And to speak to mortgage rates, Kevin and help put all of this into perspective, including this affordability component, is the fact that today, mortgage rates are low, and that gives a lot of people pause. They're like, What are you talking about? Mortgage rates were 3% even as low as two point some percent, just as recently as 2021 and early 2022 What are you talking about? Like, mortgage rates are 2x to 3x that today we look at a long term perspective when we look at the arc of mortgage rates, instead of in setting up expectations where we think rates could go. And we need to look at a frame of reference. Mortgage rates peaked over 18% in 1981 that's if you had a good credit score and everything on a 30 year fixed rate mortgage. That's what we're talking about here. In fact, Freddie Mac, they're the ones that have the best, most reliable stat set for mortgage rates, and that goes back to 1971 the average mortgage rate since 1971 all the way up to today, through all these presidential administrations you know, Nixon and in the Reagan years, and Clinton and the bushes and Obama, everything You know up to today, from 1971 until today, the average 30 year fixed rate mortgage is 7.7% so that's why I talk about how mortgage rates are, you know, moderate to a little low today. That takes a lot of people back. I don't see any impetus. It's going to get us back to, say, 3% mortgage rates. So some real perspective here.   Kevin Bupp  19:06   Yeah, yeah, no. And, you know, the interesting thing again, you might have data points on this to see, is a lot of the lack, do you feel that a lot of the lack of transactional volume is also related to those folks that have locked in, you know, 3% you know, mortgages, right? Like they're they, why would they sell and ultimately trade into a, maybe a, you know, a, you know, upgrade of a home, but ultimately be paying significantly more than that of what they're paying at the present time, you know, double the cost of capital. Your rates today, 30 year, rates are where the six and a half, 7% range, I don't follow it, but yeah.   Keith Weinhold  19:42   I mean, as of today, 6.3% is is where they're at. But yeah, you have a lot of those homeowners locked in to low rates. I mean, first, if we just pull back and look at the overall homeowner landscape, four in 10 have a paid off property. So just to talk to those about the other. Or 60% that percentage that are mortgage borrowers, among borrowers, 70% still have a mortgage rate under 5% meaning it starts with a four or less. So yeah, you're bringing up astutely Kevin the lock. In effect, people are reluctant to sell and give up that rate to trade it for a higher rate. And here's what's interesting, a lot of people if they couldn't make the payments on their home and say they lost their home, something that actually happened a lot in 2008 when people were locked into in sustainable mortgages because they didn't have good credit and they didn't have good income, the borrower is in good shape today. But even if, for some reason, they couldn't make the payments on their home, and they lost their home and they had to rent. Rents are actually higher in many cases, than what that mortgage principal and interest payment is. Maybe even the mortgage principal interest, taxes and insurance that they pay today are lower than what comparable rent would be, and this helps stabilize the housing market, people are really motivated to make their payments, and they can easily do it when it is so low, speaking to that lock in effect, and we're bringing up another reason now why transaction volume is so low, that lock in effect. So homeowners are in good shape. Their payments are sustainable. They don't want to sell, and they're just staying put. They're staying in place   Kevin Bupp  19:42   tying that all back around. Keith, what does that mean for us real estate investors? I mean, is there still good value out in the marketplace? I mean, is the rent to value ratio still, you know, Is there good opportunity to be had, as far as ROI for an investor that wants to buy into a residential investment or a multifamily investment, or anything related to that of residential housing?   Keith Weinhold  19:42   Well, the deals in the one to four unit space, single family homes up the four Plex buildings, yeah, just are not as good as they used to be. The ratio of rent income to purchase price is lower than it was five years ago. And that's so simple, but that's just really the simplest formula for profitability for a real estate investor, you don't have to look at cap rate or or NOI in the one to four unit space. Let's just look at that ratio of rent income to purchase price. 20 years ago, it was easy to find a full 1% meaning, on a 200k property, you could get $2,000 worth of rent income. That's that 1% ratio. But now oftentimes you've got to find something that's more like seven tenths of 1% that would be a $1,400 rent on a 200k property. So that simple formula, and I love that, the rent income divided by the purchase price when I'm looking at properties, when I'm scrolling or scanning like that's a calculation you can do in your head. It's only if I would see a ratio that appears really good, oh, that I would like drill down and look at that property more closely. So of course, when you have something that is that simple, though, rent income divided by purchase price, there's a lot of things that doesn't tell you. You know, what kind of mortgage interest rate can you get? What kind of property tax Do you pay in that jurisdiction? But really, I love the simplicity. That's it, rent divided by price, but it has been under attack. Now today, I still don't know where you're going to get a better risk adjusted return than you do with a carefully bought income property with a loan. I've always liked fixed interest rate debt the best risk adjusted return anywhere. I really don't know of a better one than with buying real estate, because real estate investors have so many profit centers, five simultaneous profit centers, which few people understand. Yeah.   Kevin Bupp  19:42   So using that, I want to, I want to unpack the the 1% rule a little bit for those that aren't familiar with it. And again, there's a lot of variables there, as you had mentioned, you know, mortgage rate, taxes, insurance and that respective market that you that you're buying in, and so what? What are you really trying to back into when applying that rule? Is there? Is there? Is there a true cash on cash return that you're hoping to achieve, again, assuming all these other variables that we just don't know, what they are at this point, you know? Is there a target range of actual ROI that you're actually looking to achieve when applying that 1% rule?   Keith Weinhold  19:42   No, I'm just looking for any positive cash flow. You know, to your point, yeah, there's nothing like the cash on cash return needs to be at least three and a half percent or something like that. But, yeah, I still like buying a property that's that's greater than a break even. Inflation is probably going to increase your cash flow over time, even if you bought a property that that broke even or just had a trickle of cash flow or a $100 cash flow today, a lot of people don't understand that fact that right there you can't count on it, you shouldn't count on. Getting rent increases. But we all know it generally happens over time at a rate of about 3% a year, but it actually increases your cash flow. If you increase your rent 5% your cash flow can often increase something like 12% why is that? How could that happen? That's because, you know, it's key for the person that was listening closely, you get fixed interest rate debt, so your rent income goes up, your expenses increase, except for that mortgage principal and interest. Inflation can touch it. It's kind of like a mosquito buzzing against a window and always trying to get in. And inflation can't touch that in a way. It's sort of like debt that's an asset in some unusual way, or some play on words, getting that debt so So yes, you can't count on rent increases over time. We know what typically happens, and that's really part of the compelling value proposition of buying income property with a loan. You're sort of leveraging inflation. You're really on the right side of it.   Kevin Bupp  20:08   Are there any particular markets that you feel are ripe for opportunity today where you're spending your focus and energies in?   Keith Weinhold  20:08   Yeah, it's still in high cash flowing markets like Memphis, okay, little rock and a good part of the Midwest and the Midwest still has home prices appreciating faster than the national average as well. So those are some of the areas that I like. Those jurisdictions also tend to have laws, as your listeners might know this already, Kevin, they tend to have laws that benefit the landlord more so than the tenant, where you can get a prompt eviction, but those are still the areas where you do get that high ratio of rent income to purchase price on a single family rental home, you might still find eight tenths of 1% meaning $800 worth of rent for every 100k of property purchase in places exactly like that.   Kevin Bupp  20:08   I was hoping that you tell me 1% rule would is applicable.   Keith Weinhold  20:08   It's pretty rare. You know, if you do see, if you do see a property that has a full 1% rent to purchase price ratio, it could be in a sketchy area, you need to make sure that you can actually get the rent in like you would get a respectful rent paying tenant in there. That's something that we would have to look at more closely.   Kevin Bupp  20:08   Have you explored building new product? Is there an opportunity there getting at a lower basis by building ground up?   Keith Weinhold  19:42   You asked such a smart question. This is actually the first time ever, as long as I've been an active real estate investor, Kevin for more than 20 years where new build purchases for income property make more sense than existing purchases. Why is that? It's because builders know that investors and borrowers are struggling to buy and afford property and make the numbers work. Like you're talking about, that builders are incentivized to buy down your rate. For you, to buy down your mortgage rate, we deal with a lot of providers that buy down your mortgage rate to 5% or less for you, and this is a fixed, long term loan in order to help get the numbers to work. You know, especially where you might see a new build property where the rent to purchase price ratio is less than seven tenths of 1% and it's just like, ah, the numbers wouldn't work paying a higher mortgage rate, but some are willing to buy them down to as little as four and a half. However, if you're looking into buying a new build income producing property, you do want to look at that closely. Who is paying for the discount points to buy down the rate. Is it the builder, or is it you? Because some builders just suggest, hey, you can buy down. You can have your rate bought down. But yeah, the next question is, yeah, okay, who is actually doing the buy down? Yeah.   Keith Weinhold  19:43   I mean, just getting tacked on. I mean, in that instance, I'm assuming that a lot of it's just getting tacked on to the to the back end of the purchase price, or it's being baked into closing costs somewhere somebody is paying for it. More than likely the borrower is paying for it. Paying for it. Is that? Is that? Again, I'm assuming we probably have that here in Florida. Again, I don't really follow the residential market too much, but there's, as you had mentioned, like, kind of on the the outskirts of Tampa, the tertiary, necessary, tertiary, probably more secondary areas. That's where a lot of the builds are happening. Lots of these, you know, planned subdivisions. You know, hundreds and 1000s of homes being put up. And in my understanding, through the grapevine, is I hear that they're, you know, sales volumes is incredibly slow, and a lot of these builders are now offering some creative loan products, again, to what you've just stated there, to attract, not necessarily even just homeowners, but also investors, to come in and buy their product from them. Is, is there a real opportunity there, though? I mean, have you seen investors be able to benefit from buying brand new product at a fair price, with economics at work keeping as a rental?   Keith Weinhold  29:53   I have and Florida has some builders that are almost desperate. I'm a long time investor. Know personally, directly in Florida, income property, Southwest Florida, places like Cape Coral, they have been ground zero for real estate depreciation, a contraction in real estate values year over year of 10% or more in some southwest Florida markets. So like the post pandemic, migration boom is certainly over in Florida. And you know, Kevin, as little as 10 years ago, people used to talk about buy in Florida. It's cheap, it's sunny, cheap and cheerful, like you would sort of hear that sort of thing about Florida real estate. That is no longer true. Florida just is not as cheap as it used to be. It's the same or higher than the national median home price now in Florida. So yes, some builders are rather desperate. The other benefit of buying new build, especially in a place like Florida, where a lot of new building has taken place and the supply actually exceeds the demand here in the short period. You can take advantage of that, not only by getting the rate buy down, but because homeowners insurance premiums are substantially less on new build property, because they're built to today's wind mitigation and other standards than they are existing property. I have a friend that just bought a new Florida duplex through us in Ocala, Florida. That's sort of a central, North Central Florida, on that new build duplex that he paid 400k for. I saw the actual insurance premium, the the rate sheet, $694.06 $694 694 so the benefit of buying new build is you get a lower insurance premium. You get these rate buy down. Sometimes what your builder will buy for you make for you rather and of course, you're probably going to have low maintenance costs for a long time, since it's a new build property, and you get a tenant that is probably going to stay longer than the average duration. They're the first person to ever live there. It's difficult for the tenant to improve their housing situation when they have a new build income property, unless they would go out and buy, and it's a very difficult time to go out and buy. So through that lack of affordability, really, the advantage for a real estate investor is tenants are staying put longer. The average tenancy duration is up because they can't run out and be a first time homebuyer.    Keith Weinhold  32:32   You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom, family investments.com/gre, or send a text. Now it's 1-937-795-8989, yep. Text their freedom coach directly. Again. 1937795898, 77958989   Keith Weinhold  33:44   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally while it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   Todd Drowlette  34:17   this is the star of the A and E show the real estate commission. Todd Rowlett, listen to get rich education with my friend Keith Weinhold, and don't quit your Daydream.   Kevin Bupp  34:38   That even trickles down to the to the space that we're in. We're in the mobile home park space. And while we don't have a lot of rentals inside of our portfolio, most of our residents own their home and they rent the land, but throughout our portfolio, we have roughly 400 units that we own that we have as standardized rentals, and we've noticed that trend as well. Historically. 10 years ago, you. Yeah, we track actually about, I can take it back about eight years, where we actually have data to support this. This claim is that our average renter would stay about 16 months. That was fairly standard. Whereas today it's over, it's nearly three years. At this point in time, the majority are staying nearly three in there's probably, there's some variables in there. You know, eight years ago, we weren't bringing a lot of new product into our communities, whereas a lot of the mobile home parks that we purchased today do have a lot of newer mobile homes in them. So again, to your point, it's, it's a it's a newer home. It's fresh. There might not be the first person that lived there, maybe they're only the second, right? But it's still a very new home. It's only a couple years old. All the appliances are new. It's fresh, you know, it's well insulated, and it's just a high quality product, but, but it's nearly double of what we used to experience and what we used to underwrite. It's, you know, which is, which is interesting. You know, I am, I want to, I want to circle back, you'd mentioned Cape Coral. I've got quite a bit, quite a bit of experience with Cape Coral. This is not the first time that Cape Coral and Port Charlotte in those areas have crashed. I mean, like, they've got quite an interesting history in time, back during the GFC, that area down there took probably one of the biggest hits in most of Florida, while, you know, the rest of Florida got, you know, pounded pretty hard with home values and decreasing home values decreasing rents, Port Charlotte, Cape, coral, in those areas as well. It's just It looks very different down there today. As far as you know, the job basis. I mean, there's a little bit more of a, you know, you know, an economy than what existed maybe 1015, years ago. But I don't know if you know the story of Port Charlotte. Is it some interesting history that you can if you want to spend some time, go on YouTube. There's some documentaries out there about, basically when that area was created. There's a two brothers that, essentially, you know, sold, subdivided and sold swampland and sold the dream to the northeast centers to come down and buy, you know, parcels of land down in Cape Coral, port, Charlotte and in that general area. And it took a lot of time for it develop over the years, but it's a beautiful area down there. But again, I think what happened to your point? A lot of folks during the covid era were wanting to come to Florida. We were fairly free down here. The sun was shining, you know, the Gulf of Mexico was warm, and that was a good value for a lot of folks. You know, the values were driving up there. Was home inventory down there. You got a good bang for your buck back at that point in time. But again, there's not, there's not as much as many amenities and supportive economy there. And then to me, there, like you might find in the Tampa area, or you might find Orlando, or even Ocala cow is a phenomenal market right now. And yeah, oh, Cal is, for those that don't you know you mentioned, you referenced the insurance there, which is, that's a great, that's a great price for that, that policy, you know, 700 bucks, basically, that is inland. For those that don't know the geography here in Florida, that is inland. So you are fairly protected from storms, you know, hurricanes and things of that nature, which crush us here on the on the Gulf Coast. But in any event, I just thought I'd share that there's some good, pretty cool documentaries out there in Port Charlotte, in the whole area down there, but a beautiful part of the country. But just Yeah, it's, it's suffering right now. There's, I think there's, I was looking the other day on Zillow. I just play around and check and see what waterfront home prices are going for. And down there, you can basically get a you can get a canal front home going out to the Gulf of Mexico for about $500,000 which was probably closer to 800,000 during, you know, the the boom era of 2021 2022 So historically, we used to buy properties down there. This is back in 2000 and 345, before the the GFC, we could buy those same properties for 150 and $200,000 waterfront home, waterfront homes, deep water canals going out to the Gulf of Mexico. But when it crashed, some of those homes were selling for $120,000 $100,000 so it's interesting to see how things have come kind of full circle multiple times, not just down there, but in all of Florida as well. Florida is always boom and bust. You know, I think they say that with you know, you could probably speak to that most of these coastal towns, whether it be in Florida, whether it be up the eastern seaboard, the coastal markets are definitely more of a roller coaster ride than the Midwestern markets, where you invest in would you? Would you agree with that?   Keith Weinhold  39:09   Yeah, I would. And yeah, you talk about Florida being a boom and bust, and what you said is certainly true in the shorter term. Back in the global financial crisis, we saw more price blood letting in Florida than we did in other states as well. But over the long term, the long arc, I'm bullish on Florida because of just the obvious constant in migration story. In fact, if you go back to decennial censuses, all the way back to the early 1800s every single decennial census, every 10 years, the population of Florida has rose, and it rises faster than the national average, almost all of those 10 year periods. So yeah, over the long term, I certainly like Florida, but Yeah, you sure can, you know, nitpick over the. Short term, but as little as five years from now. If you bought today, as little as five years from now, I could see someone saying, like, yeah, I bought back five years ago, because we're actually in a in a short term, overbuilt condition, and builders bought down my rate. For me, this could look savvy and this could look wise. So if you're looking for opportunity, new building Florida is definitely something to look into.   Kevin Bupp  40:22    I agree. No, absolutely. Like, the long term, you know, opportunity here in Florida, it's there, you know, it's interesting. We've got the we get these hurricanes every year. Last year was a pretty impactful year, at least here on the on the Gulf side, and the neighborhood I lived in, we got flooded. Luckily, our homes in newer builds built up. But, you know, 70% of the neighbor I lived in had 444, or five feet of seawater. And as did the, you know, the long stretch of the Gulf Coast here, and it was the first time this area has ever this immediate air right where we live, has ever had a it wasn't even a direct hit. It just happened to be a massive storm surge. But it was, you know, catastrophic as far as the damage that it did. And a lot of folks that we knew in our neighborhood here. Have lived here for 1020, 3040, or 50 years, and they had never had any floodwater whatsoever. And and there was two camps where they fell in either one camp where they didn't, they whether they had the money to rebuild or not, didn't matter. Like, mentally, they were never going to end up. They were never going to deal with that again. They were moving away, like they just didn't want to go through the heartache of that again. In the second camp, we're basically, I knew it was going to happen at some point in time. This is the kind of price to live, to pay, a live in paradise and and what ultimately occurred is, you know, you saw homes going up for sale, and in the initial chatter for those that that were impacted, is that, who's going to buy that? You know? You know, they're not going to get hardly anything for it. You know, it's just like, who's going to want to live here now that has been flooded. I said, Just wait. I'll say people have us as human beings, have short term memories. We do and and I can promise you, within a few months, those homes will be gobbled up, some will be knocked down, some will be rebuilt, but inevitably, the prices will come back incredibly strong, and you'll see very limited inventory, at least in desirable markets that are here on the water. And that's exactly that happened. Within six month period of time, prices are back up. You can't get your hands on a flooded property now, or one that had been flooded, right?   Keith Weinhold  42:12   I can believe it. And this is not the way that you want to have a waterfront property when the water inundates you and comes to you, that is not the way to buy waterfront property.   Kevin Bupp  42:23   Yeah, interesting, but, uh, no, Keith has been a fun conversation, my friend. So let's, let's talk about, you know, I like to you'll peek inside your brain if you were going to start all over again, from scratch, you know, you've been at this now, what? How long? Almost two decades. It's been, been quite   Keith Weinhold  42:38   Yes, yes, more than two decades. Is that what you're asking, how would I start, starting from today?   Kevin Bupp  42:47   Yeah, like, what would you do? Where would you focus, what asset type and any particular strategy outside of what you're doing today? You know, where would you focus your time?   Keith Weinhold  42:55   Actually, it is quite a coincidence. The way that I would start all over again in real estate is the way that I did start in real estate. It worked out phenomenally, in a way it makes sense, because if it hadn't worked out phenomenally, you never would have heard of me, and I wouldn't have become this real estate thought leader or whatever, because this is a way, an everyday person with virtually no real estate knowledge and very little money. Can start out, what I did is I made the first ever home of any kind, a four Plex building where I lived in one unit and rented out the other three. This is something very actionable for your for your audience as well, Kevin. Or if maybe you're a listener that has a an adult daughter or son and they want to get started in real estate with a bang without much money, is to buy a four Plex, just like I did. You can use an FHA loan, a three and a half percent down payment. You have to live in one of the units at least 12 months, and at last check, your minimum credit score only needs to be 580 now you will get a lower interest rate if you have a higher credit score. But those are the only three criteria you need. I mean, what a country talk about? The American Dream. You can use that FHA program with a single family home, duplex, triplex or fourplex, that's the formula. That's how I began. Actually ended up living there a little more than three years. But what that did for me was remarkable, and in fact, you know what it taught me? Kevin and every listener can benefit from this. It's paradoxical. A lot of times I say things that you would not expect to hear that make you go, wait what? Whoa, how can that be? Is what it taught me is that I don't want to focus on getting my money to work for me. You probably wouldn't expect to hear that. It's actually a middle class paradigm to say, well, I don't want to work for money. I also want to get my money to work for me. I'm telling. You that that's going to keep you middle class, or worse, that's going to keep you working until old age, and you won't have an outsized life and retirement and options. If you think that the best and highest use of your dollar is getting your money to work for you, it's not what's the paradigm shift if this four Plex building taught me the way I started out, which is still the way that I would start out today, and you probably heard this before, but I'm going to put a new twist on it. Is you want to ethically get other people's money to work for you, and we can be ethical. We can do good in the world. Provide housing that's clean, safe, affordable and functional. Never get called a slumlord that way. You can employ other people's money three ways at the same time, ethically by buying an income property with a loan, like we've been talking about in Florida, or with this fourplex building. How do you do it three ways at the same time, using the bank's money for the loan and leverage, which greatly amplifies your return beyond anything Compound Interest can do. The second of three ways you're ethically employing other people's money is you're using the tenants money to pay for the mortgage and some of the operating expenses on this fourplex. And then the third way you're simultaneously using other people's money is using the government's money for generous tax incentives at scale. So the lesson is that the best and highest use of your dollar is not getting just your money to work for you, it's other people's money, in this case, the banks, the tenants and the governments. That's what you can do. I mean, what an opportunity. A lot of people just don't even know about that FHA program.    Kevin Bupp  46:41   Yeah, I actually, I wasn't, I wasn't aware that it was that low of a down payment key. That's no idea. Three and a half percent, you said, a 550 credit score, believe me, 580 minimum credit.   Keith Weinhold  46:51   And you have to, thirdly, you have to owner occupy a unit for at least 12 months. And hey, I'm not saying it's always easy. You know, you got to think about that. Your neighbors are also your tenants. And I don't know how to fix stuff. I still don't. I'm a terrible handyman, but it's good to learn a little about about human relations. And you know, letting finding a general way to let the tenants know that you have a mortgage to pay every month. I mean, just that alone can can help them ensure timely rent payments. But, and this also doesn't mean every area, or every four Plex building is is good, but, yeah, that's the opportunity. That's how I started. I would totally do it again.   Kevin Bupp  47:27   Can you use that FHA program more than once? Or is that just the one time you know your first, first, first primary home purchase?   Keith Weinhold  47:34   It's generally you can only use one at a time. There are some exceptions, like if you and your job move, like, a certain mile radius away from where you got the first one, but, yeah, generally it's only going to be one at a time. A lot of people don't use it. Don't know about it. In fact, if you have VA benefits, Veterans Administration benefits, you can get a similar program, like I was talking about, but zero down payment, rather than three and a half with an FHA loan. It's a really good, amazingly good opportunity.    Kevin Bupp  48:05   That's incredible. That's incredible. Keith, my friend, I appreciate you coming back going. It's always good to catch up with you. Good to see that you're doing well.   Keith Weinhold  48:17   Oh yeah, a terrific chat there with Kevin. I hope that you like that really. At our core, real estate investors are not day trading. We are decade trading. Now I'm in western New York today, at the other end of the state, NYU compiled some terrific statistics that you want to hear about for nearly the past 100 years. It is the annualized returns of six major asset classes. This spans, the Great Depression, a number of recessions, World War Two, the New Deal, gold standard, abandonment, brendawoods, the Cold War, Civil Rights Movements, oil shocks, Volcker rate hikes, the.com boom and crash, the 911, attacks, the housing bubble, covid, 19, AI revolution and 16 presidencies, all those ups and downs and war and peace and economic booms and economic lows, and now there is going to be a mild tongue in cheek element here, because stats like this drive real estate investors crazy, but this is often how mainstream media portrays asset class comparisons. All right, the six asset classes are stocks, cash, bonds, real estate, gold, and then inflation, which isn't in an asset class, but it's a benchmark. All of these begin from the year 1930 so spanning almost 100 years. Let's take it from the lowest return to the high. Best return the lowest is inflation. And what do you think the CPI inflation rate is averaged over the last 100 years? Any guess at all? You might be surprised. It is 3.2% Yeah, even though the Fed's CPI inflation target has long been 2% it runs hot longer than most people believe. So therefore, today's inflation rate isn't high, it's just normal. The next highest return is cash at 3.3% How did NYU measure that the yield from three months T bills? Next up is bonds. They returned 4.3% that's the 10 year treasury average of the last 100 years. The next highest is real estate at 4.7% that uses the K Shiller Index. Now we're up to the second highest. It is gold at 5.6% and the highest is stocks at 10.3% using the s, p5, 100, and this was all laid out in a brilliant chart that also shows the returns by each decade for all of these asset classes. You'll remember that I shared the chart with you in our newsletter a few weeks ago. Now you are smarter and more informed than the layperson is, you know, but they see this chart and they think, Oh, well, that's it. I've got my answer. Real Estate's 4.7% appreciation loses out to gold's 5.6 and stocks 10.3 and then they go back to watching Love is blind. But of course, rental property owners like us know that we often make five times or more than this 4.7% when we consider all those other income streams and profit centers, leverage, rents, ROA and inflation, profiting on our debt, it's often 25 to 30% total. It's sort of like judging a Ferrari by only measuring its cupholders or something. Now, would stocks 10.3% get adjusted up as well? Yeah, probably a little, because the s and p5 100 currently averages a 1.2% dividend yield, so that might be added on the 4.7% return for real estate. That cites the popular Case Shiller Index. And the way that that index works is that it uses a repeat sales methodology. So what that means is that the Case Shiller measures the sales price of the same property over time. Therefore a property would have to sell at least twice in order to be measured by this popular and widely cited K Shiller Index. So then the 4.7% appreciation figure excludes new build homes, and new builds appreciate more than existing homes, but you do have more existing homes that sell the new build homes, so we can pretty safely assume that real estate's long term appreciation rate is higher, likely between five and 6% there it is. So yeah, making comparisons across asset classes like this is pretty tricky, because investment properties leverage and cash flow gets nullified. And when you make comparisons like this, it's a big reminder that even if you can't get much cash flow off a 20 or 25% down real estate payment, sheesh, most people put a 100% payment into stocks, gold or Bitcoin, and they don't expect any cash flow. And Bitcoin isn't part of what we're looking at for this century long view, because it did not exist until 2009 and also NYU had to use some alternative statistics. Sometimes the s, p5, 100 index only came into being in 1957 and the Case Shiller Index 1987    Keith Weinhold  54:02   next week here on the show, I expect to answer your listener questions from beginner to advanced. You've been writing in with some good ones for the production team here at GRE. That's our sound engineer, Vedran Jampa, who has edited every single GRE podcast episode since 2014 QC in show notes, Brenda Almendariz, video lead, brendawali strategy talamagal, video editor, seroza, KC and producer me, we'll run it back next week for you. I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 3  54:36   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Speaker 2  55:04   The preceding program was brought to you by your home for wealth building, get richeducation.com  

2/8. The Populist Challenge: Huey Long's Legacy and Eugene Talmadge — David Pietrusza — Roosevelt faced formidable challenges from both the populist left and the conservative South. Although Huey Long (representing the radical Share Our Wealth program) was assassinated in 1935, his political strategy envisioned electing Republicans in 1936 to pave the path for his own presidential bid in 1940. FDR also contended with Eugene Talmadge, a Georgianconservative populist who employed race-baiting rhetoric and opposed New Deal welfare program funding, representing a distinct political threat. 1936 BERLIN

By design –  and also by dint of unbridled, undisciplined extremist exuberance – Donald Trump's second stint in the White House is thus far a tricky thing to characterize. While many of the administration's moves seem copy/pasted from a manual for authoritarian takeover, they're also deeply rooted in longstanding structural democratic deficits in America. For their part, The administration's boosters argue this whiplash-inducing dismantling of institutions, norms and precedents are simply the right's answer to similarly seismic constitutional shifts in the New Deal and Civil Rights eras. In a recent piece in the Boston Review, What Are We Living Through?, law professors Jedediah Britton-Purdy and David Pozen try to puzzle through these conflicting narratives of change. They join Dahlia Lithwick on this week's Amicus to map this moment and to plot paths through it.  Want more Amicus? Join Slate Plus to unlock weekly bonus episodes with exclusive legal analysis. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Amicus show page on Apple Podcasts and Spotify. Or, visit slate.com/amicusplus to get access wherever you listen. Learn more about your ad choices. Visit megaphone.fm/adchoices

By design –  and also by dint of unbridled, undisciplined extremist exuberance – Donald Trump's second stint in the White House is thus far a tricky thing to characterize. While many of the administration's moves seem copy/pasted from a manual for authoritarian takeover, they're also deeply rooted in longstanding structural democratic deficits in America. For their part, The administration's boosters argue this whiplash-inducing dismantling of institutions, norms and precedents are simply the right's answer to similarly seismic constitutional shifts in the New Deal and Civil Rights eras. In a recent piece in the Boston Review, What Are We Living Through?, law professors Jedediah Britton-Purdy and David Pozen try to puzzle through these conflicting narratives of change. They join Dahlia Lithwick on this week's Amicus to map this moment and to plot paths through it.  Want more Amicus? Join Slate Plus to unlock weekly bonus episodes with exclusive legal analysis. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Amicus show page on Apple Podcasts and Spotify. Or, visit slate.com/amicusplus to get access wherever you listen. Learn more about your ad choices. Visit megaphone.fm/adchoices

Lessons from WWII: Unleashing Private Enterprise — Arthur Herman — Herman explores the strategic tension during WWII between New Deal administrators favoring centralized government command and industrialists prioritizing private sector innovation and operational flexibility. FDR and Knudsen learned from the disastrous centralized economic control failures of WWI, choosing instead to permit American private enterprise to "determine production methodologies and develop solutions for urgent national requirements." The fundamental secret to Allied victory was unleashing private sector dynamism, entrepreneurial expertise, and competitive energy. Herman draws contemporary parallels, arguing that modern defense strategy must replicate this model, contrasting bureaucratic NASA operations with innovative private enterprises including SpaceX. 1951 THE DAY THE EARTH STOOD STILL

SHOW 11-28-25 CBS EYE ON THE WORLD WITH JOHN BATCHELOR 1963   The Genius of Early Photography: Nadar, Daguerre, and Dangerous Chemistry — Anika Burgess — Burgess details the risky and adventurous origins of photography as a practical medium. She examines Nadar, a visionary figure who deployed a giant balloon named Léon to fund experiments in heavier-than-air flight, having previously conducted innovative photographic expeditions into Paris's catacombs. Burgess also recounts Daguerre's 1839 presentation of the daguerreotype—a remarkably realistic, singular image created using hazardous chemicals including iodine and mercury, which posed significant occupational and health risks to early practitioners. Early Photography's Scientific Reach: Lunar and Underwater Photography — Anika Burgess — Burgessexplores early photography's critical scientific applications, noting that François Arago predicted the daguerreotype would enable detailed mapping of the lunar surface. Early astrophotographers encountered formidable technical challenges involving distance calculations, celestial motion, and insufficient ambient light. James Nasmyth controversially photographed plaster casts and molds of the lunar surface, which contemporary observers praised as scientifically truthful. Burgess also highlights Louis Boutan, who persistently developed practical underwater photography using pressurized hard-hat diving equipment, establishing a new scientific capability. Photography and Social Justice: Riis, Watkins, and the Question of Truth — Anika Burgess — Burgessdemonstrates how photography became a transformative tool for social advocacy and reform. Jacob Riis, a newspaper journalist documenting Manhattan's tenement poverty, employed flash powder ignited in cast-iron frying pans to photograph the grim, overcrowded interior conditions of slums for his landmark book How the Other Half Lives, frequently without obtaining subject consent. Burgess also discusses Carleton Watkins, who transported over 2,000 pounds of large-format photographic equipment to Yosemite Valley, producing images that proved instrumental in securing federal preservation and protection of the landscape. From X-Rays to Motion Pictures: Expanding the Photographic Medium — Anika Burgess — Burgess traces the expansion of photographic technology beyond conventional image capture. She examines Alice Austin'sintimate and playful photographs documenting her social circle with candid authenticity. The discovery of X-raysby Wilhelm Röntgen was rapidly branded as "the new photography" or "shadow photography," adopted swiftly for both entertainment and medical diagnostic applications despite practitioners possessing no understanding of severe radiation hazards. Burgess concludes with Paul Martin's candid street photography using concealed cameras hidden within top hats and Eadweard Muybridge's sequential motion studies, which directly enabled the invention of motion pictures. Angelica Schuyler: Albany, Elopement, and the Start of the Revolution — Molly Beer — Beer discusses her book Angelica, focusing on Angelica Schuyler Church, daughter of General Philip Schuyler. Her mother, Katherine, oversaw construction of their Albany residence, The Pastures, a substantial estate reflecting family prominence. Angelica received a rigorous education consistent with Dutch cultural traditions emphasizing women's financial and business literacy for family management. In 1777, during Burgoyne's invasion of New York, Angelica profoundly disappointed her mother by eloping with John Carter, an Englishman she found intellectually engaging and cosmopolitan. Angelica and the Founders: The Revolution and the Hamilton Connection — Molly Beer — Beer examines Angelica's pivotal role during the American Revolution, including her service alongside Rochambeau's army, traveling to Yorktown shortly after delivering her third child. Her sister Elizabeth ("Betsy") married Alexander Hamilton, who deliberately married into the prominent Schuyler family to elevate his social standing and political prospects. Following the war, Angelica's eldest son, Philip, founded the town of Angelica in western New York, the community where Beer herself was subsequently raised. Angelica in Europe: John Church, London Society, and Diplomacy — Molly Beer — Following ratification of the peace treaty, Angelica and her husband sailed to Paris to collect outstanding payments owed by the Frenchgovernment. John Carter leveraged the wartime amnesty to settle accumulated debts, reconcile with his estranged family, and legally adopt the name John Barker Church. Angelica relocated to London's elegant Mayfairneighborhood, where she established herself as a prominent American patriot. She strategically positioned herself at the intersection of cultural and diplomatic negotiations, entertaining influential figures including Lafayette and the Adamses, while exerting subtle influence over American diplomatic representatives toward negotiated peace. Angelica's Later Life: Return, Tragedy, and Founding Angelica, NY — Molly Beer — Angelica visited the United States for President Washington's 1789 inauguration but quickly returned to London, disappointed that the nascent republic fell short o Woke Capitalism: Origins, ESG, DEI, and the Power of BlackRock — Charles Gasparino — Gasparinotraces the origins of "woke capitalism," detailing how corporate America shareholder returns toward stakeholder capitalism models. L The Flashpoints of Woke Capitalism: Occupy Wall Street and the SEC — Charles Gasparino — Gasparinoidentifies the 2008 financial crisis and the ensuing progressive populist backlash, including the Occupy Wall Streetencampment at Zuccotti Park, as pivotal flashpoints accelerating corporate woke adoption.... Disney and ESPN: Running a Blue Company in a Red State — Charles Gasparino — Gasparino analyzes the radicalization of the Walt Disney Company, noting that CEO Bob Iger brought progressive cultural affinities while the company.... Go Woke, Go Broke: The Financial Backlash and Corporate Retreat — Charles Gasparino — Gasparinoreports that woke capitalism is experiencing significant financial retrenchment as corporations suffer bottom-line consequences... Freedom's Forge: FDR, WWII Mobilization, and Bill Knudsen — Arthur Herman — Herman discusses his book Freedom's Forge, detailing the extraordinary challenge FDR confronted in May 1940 to prepare America for modern industrial warfare. The preeminent industrialist summoned for this task was Bill Knudsen, CEO of General Motors. Knudsen, a Danish immigrant and former Ford executive, possessed unparalleled expertise in flexible mass production—the capacity to modify production line processes continuously while maintaining output. Knudsen applied these revolutionary manufacturing techniques to transform the American automobile industry into an "Arsenal of Democracy," producing critical war materiel including military trucks and armored tanks. Henry Kaiser: The Builder of Liberty Ships — Arthur Herman — Herman profiles Henry Kaiser, the second transformative figure in Freedom's Forge. Kaiser, a road construction entrepreneur who had previously coordinated monumental infrastructure projects including the Boulder Dam, demonstrated relentless commitment to ambitious thinking and delivery ahead of schedule and under budget constraints. In late 1940, Kaiser persuaded both Britishand American governments to contract him to construct "throwaway freighters"—Liberty ships—despite possessing no prior shipbuilding experience. Between 1941 and 1945, Kaiser successfully built 2,710 Liberty ships, fundamentally enabling Allied logistics and supply operations. The B-29 Superfortress and the Battle of Omaha — Arthur Herman — Herman recounts the genesis of the B-29 Superfortress bomber, conceived after General Hap Arnold consulted with Charles Lindbergh in 1939. The B-29 represented the ultimate expression of air supremacy doctrine, demanding revolutionary technologies including pressurized crew cabins and remote-controlled gun turrets that did not yet exist. Bill Knudsen directed the program, overcoming severe delays and persistent technical deficiencies. Knudsen won the "Battle of Omaha" by insisting that aircraft be extensively modified after assembly to achieve operational flight status, thereby integrating a massive female industrial workforce into B-29 production processes. Lessons from WWII: Unleashing Private Enterprise — Arthur Herman — Herman explores the strategic tension during WWII between New Deal administrators favoring centralized government command and industrialists prioritizing private sector innovation and operational flexibility. FDR and Knudsen learned from the disastrous centralized economic control failures of WWI, choosing instead to permit American private enterprise to "determine production methodologies and develop solutions for urgent national requirements." The fundamental secret to Allied victory was unleashing private sector dynamism, entrepreneurial expertise, and competitive energy. Herman draws contemporary parallels, arguing that modern defense strategy must replicate this model, contrasting bureaucratic NASA operations with innovative private enterprises including SpaceX.

By design –  and also by dint of unbridled, undisciplined extremist exuberance – Donald Trump's second stint in the White House is thus far a tricky thing to characterize. While many of the administration's moves seem copy/pasted from a manual for authoritarian takeover, they're also deeply rooted in longstanding structural democratic deficits in America. For their part, The administration's boosters argue this whiplash-inducing dismantling of institutions, norms and precedents are simply the right's answer to similarly seismic constitutional shifts in the New Deal and Civil Rights eras. In a recent piece in the Boston Review, What Are We Living Through?, law professors Jedediah Britton-Purdy and David Pozen try to puzzle through these conflicting narratives of change. They join Dahlia Lithwick on this week's Amicus to map this moment and to plot paths through it.  Want more Amicus? Join Slate Plus to unlock weekly bonus episodes with exclusive legal analysis. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Amicus show page on Apple Podcasts and Spotify. Or, visit slate.com/amicusplus to get access wherever you listen. Learn more about your ad choices. Visit megaphone.fm/adchoices

   In many ways it was a somber holiday after an Afghan national goes crazy in DC and kills a member of the National Guard and leaves another in serious condition in the hospital.  This all has a very hollow feeling to it as we have allowed our country to become something it shouldn't be.    The Chiefs fall to the Cowboys and refs in Dallas as the playoff picture becomes dire for Kansas City.  This is becoming a season to forget.    And Mizzzou coach Eli Drinkwitz is handed another pile of cash as rumors flew he may be looking at other jobs.  We explain why this is crazy.

Zohran Mamdani wins the New York City Mayor's race , Marjorie Taylor Green splits from Trump, Schumer and Jefferies punch to their left and Trump wages war on everyone . As the divisions in both major parties begin to crack, we're reposting our 2022 interview with Prof. Noam Chomsky about the dramatic shift to the far right in American politics beginning with the 1972 presidential election. Happy Fall Holidays! -------------Republicans go to war . . . Democrats go to brunch!The past 50 years have seen a dramatic shift to the far-right in American politics.  On the heels of the 1972 McGovern debacle, the Democrats all but abandoned their New Deal heritage and moved swiftly to a stronger pro-business position and embraced Neo-Liberalism.  They abandoned class politics and giving priority to workers and the poor and instead have embraced ID politics and wokeness.  As the Republicans stole elections and Supreme Court seats, gerrymandered congressional districts, packed the courts, and ran scorched-earth campaigns at every level, the Democrats have offered a timid resistance at best.In this fantastic interview, Noam Chomsky gives us a history and analysis of the evolution of the Democrats from the party of FDR to a party that's Republican-Lite.  We discussed the Carter campaign, the Trilateral Commission, the DLC and the Clintons, Obama, Democratic hawkishness, and other factors in the Democratic retreat from progressive ideas, all while the GOP waged an open and ruthless war on workers, non-whites, women, and others.Don't miss this important interview with the world's greatest living intellectual. Bio//Professor Chomsky is an American linguist, political philosopher, social critic and political activist. He is Institute Professor Emeritus in the Department of Linguistics and Philosophy at MIT and Laureate Professor of Linguistics and Haury Chair in the Program in Environment and Social Justice at the University of Arizona. He is the author of scores of books, including American Power and the New Mandarins, Towards a New Cold War, Necessary Illusions, Hegemony or Survival, Failed States: The Abuse of Power and the Assault on Democracy and Requiem for the American Dream. -----------------------------------------

Negotiations continue as a deal for peace in Ukraine takes shape, the surge of new TPUSA chapter requests hits a surprising stonewall, and the Trump Administration reverses a longstanding approach to handling homelessness. Get the facts first with Morning Wire. - - - Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 - - - Today's Sponsors: Chevron - Build a brighter future right here at home. Visit https://Chevron.com/America to discover more. Brickhouse Nutrition - Get 30% off at https://Brickhousesale.com Shopify - Go to https://Shopify.com/morningwire to sign up for your $1-per-month trial period and upgrade your selling today. - - - Privacy Policy: https://www.dailywire.com/privacy morning wire,morning wire podcast,the morning wire podcast,Georgia Howe,John Bickley,daily wire podcast,podcast,news podcast Learn more about your ad choices. Visit podcastchoices.com/adchoices