Join Jim and Greg for the Monday 3 Martini Lunch as they address Vice President JD Vance's optimism about a permanent Iran deal and Jim's frustrations with the Memorandum of Understanding (MOU), the resignation of British Prime Minister Keir Starmer, Tucker Carlson leaving the Republican Party, and a media narrative lamenting the impact of lower crime rates on local businesses.

First, Jim and Greg discuss Vice President JD Vance’s excitement over the ongoing peace talks with Iran in Switzerland. Jim explains why he’s not as bullish as Vance is and why he’s staunchly opposed to the recently signed Memorandum of Understanding. Jim also worries we have surrendered our three main sources of leverage over Iran.

Next, they examine the political turmoil in the UK following Keir Starmer's resignation as prime minister. He became the sixth prime minister to step down in the last 10 years. Jim argues that the government’s refusal to address real issues like immigration and crime will only lead to more public unrest.

Then, Jim and Greg react to Tucker Carlson's exit from the Republican Party. Despite speaking at the 2024 Republican National Convention, Carlson now says he regrets his support for Trump and he denounces the GOP for its "betrayal of the American people.” Jim comments on the erratic state of politics today and both wonder what Tucker’s next move might be.

Finally, they laugh at the media's attempt to frame falling crime rates as a negative development. Oakland, California has seen a significant reduction in car break-ins, but some reporting has focused on the impact that fewer repairs could have on auto glass businesses. Jim and Greg discuss how the coverage unintentionally falls for one of economics’ most basic fallacies.

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