Loading summary
Podcast Host or Announcer
This is an iHeart podcast.
Sponsor or Advertiser Voice
Guaranteed human 10 athletes will face the toughest job interview in fitness that will push past physical and mental breaking points. You are the fittest of the fit. Only one of you will leave here with an IFIT contract worth $250,000.
Jack Armstrong
This is where mindset comes in.
Sponsor or Advertiser Voice
Someone will be eliminated. Pressure is coming down.
Jack Armstrong
Trainer Games on Prime Video Watch the trailer on trainergames.com the world's best ski.
Sponsor or Promotional Voice
And snowboard athletes are chasing medals. Now you can follow their every move. Join Insider, the official US Ski and snowboard fan loyalty program, and get premium viewing at World cup ski events, exclusive athlete meetups, discounts from brands you love and a custom welcome gift mailed direct to your doorstep this winter. Show your support as they race for the podium. Head to insider.usski and snowboard.org and join today.
Sponsor or Advertiser Voice
Support for the show comes from Public, the investing platform for those who take it seriously. On Public you can build a multi asset portfolio of stocks, bonds, options, crypto and now generated assets which allow you to turn any idea into an investable index with AI. It all starts with your prompt. From renewable energy companies with high free cash flow to semiconductor suppliers growing revenue over 20% year over year, you can literally type any prompt and put the AI to work. It screens thousands of stocks, builds a one of a kind index and lets you back backtested against the S&P 500. Then you can invest in a few clicks. Generated assets are like EFTs with infinite possibilities, completely customizable and based on your thesis, not someone else's. Go to public.com podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com podcast paid for by Public Investing Brokerage Services by Open to the Public Investing Inc. Member finra, SIPC Advisory Services by Public Advisors, LLC SEC Registered Advisor Generated Assets is an interactive analysis tool. Output is for informational purposes only and is not investment recommendation or advice. Complete disclosures available@public.com Disclosures A new year.
Is on the horizon and your 2026 savings start here. Right now you can access the Washington post for just $2 every four weeks. Head into the new year with six months of savings at this special intro rate. After that it'll cost $12 every four weeks. Cancel anytime. You'll get unlimited access to trusted journalism that helps you understand the year ahead and the world around you. Now's the perfect time to subscribe because great habits and great savings start together. Go to washingtonpost.com iheart that's washingtonpost.com iheart and start your year informed with the.
Podcast Host or Announcer
Post season two of unrivaled basketball is here and the talent is unreal. The best women's players on the planet are running it back with even bigger moments and bigger stakes. Don't miss as Paige Beckers, Nafiza Collier, Kelsey Plumb, Brianna Stewart and more. Take the court and redefine the game. This isn't your regular season. This is unrivaled, where the pace is faster, the energy is higher, and every athlete shines. Unrivaled basketball season two, sponsored by Samsung Galaxy, tips off January 5 on TNT, TruTV and HBO Max.
Jack Armstrong
Broadcasting live from.
Joe Getty
The Abraham Lincoln Radio Studio at the.
Jack Armstrong
George Washington Broadcast Center. Jack Armstrong and Joe Getty. Armstrong and Getty. And now here's Armstrong, strong and strong. Not live from Studio C. Not live, senor.
Joe Getty
We're in a dimly lit room deep within the bows of the Armstrong and Getty Communications compound on this Monday, and.
Jack Armstrong
We'Re under the tutelage of our general manager. The Christmas season, which is well underway. Christmas Day, just a few days away. Ho ho, ho, ho ho.
Joe Getty
And our early gift to you. Our leftovers.
Jack Armstrong
So delicious.
Joe Getty
So sit back and enjoy the Armstrong and Getty replay.
Jack Armstrong
The House voted to release the Epstein files. And if the day couldn't get any worse for Trump, halfway through the vote, there was a performance from Bad Bunny. The final vote was 427 to 1. It just goes to show, every office has that one weirdo. You know what I'm saying? Charming efforts at humor. How the narrative has taken shape that this is bad for Trump to the extent that his young liberal audience cheered and all because it's bad for Trump is so interesting. Mostly through Trump's, you know, resistance to it, I guess.
Joe Getty
Yeah. Because your. Your natural reaction is he doesn't want this to happen. There must be something back which may not.
Jack Armstrong
He never offered like a real explanation of why he was against it. It's a hoax. It's a stupid.
Joe Getty
We'll talk more about that in hour four. We talked a lot about it now. Or two. One and two. There's a bunch there and this might be our slide into the country being really real television if this sets a precedent. But more on that later. Wanted to talk about first of all, this. I got a text from a friend of mine. I thought this was pretty damn funny. She is in her mid-40s, an attractive woman in her mid-40s. She said, I'm going to create a website called Older Fans and it's just me telling People, what part of my body hurts today and what minuscule task I was doing that caused it?
Jack Armstrong
Oh, that's priceless. Well done. Yeah, that is really good. Yeah.
Joe Getty
You get on there and you're dressed, you know, whatever, you're dressed sexy and say, today my knee hurts because yesterday I had to do something and now I was gardening and now my knee hurts.
Jack Armstrong
I walked up four stairs and I hurt my knee. How? I don't know. Look at me. Yeah. Hansen says he wants to be the first subscriber. That's brilliant. 10 out of 10, my dear. Well played.
Joe Getty
So if you've been following the stock market, it's had a rough week or so and it's almost all AI. Well, almost all of the growth in the stock market over the last couple of years has been AI and so a downturn is around AI and it's concerned that the bubble's about to burst and that sort of stuff. Huge day to day. Why Nvidia, which is a big chip maker, which the common thing to say in the stock market world right now is as goes Nvidia, goes the stock market. That's how big a deal they are. They're going to announce their earnings at the close of the bell today. So around 4:30 Eastern Time, they'll put out their earnings. And this might shore up this concern that it's a bubble. Depending on how well they do or analysts expect to dig this, analysts expect the chip behemoth to show more than a 50% growth in net income and revenue this quarter. Good corner moving up. Yeah, I would say that will shore up the whole this is a bubble thing.
Jack Armstrong
Nope, there's the stock market.
Joe Getty
I mean it still could be a bubble, but the bubble ain't about. It ain't over yet.
Jack Armstrong
Except as you've pointed out, that whole incestuous thing. Nvidia's profits mostly came from, you know, OpenAI, whose profits mostly came from Nvidia, whose profits mostly came from cloud services from Amazon.
Joe Getty
I can tell you right here, this is from Bloomberg. So they're expecting Nvidia to announce a 50% growth in both net income and revenue its fiscal third quarter. The reason is straightforward. Says here, Microsoft, Amazon, Alphabet, that's Google or that's. That's Google. Right. And Meta, which is Facebook and Zuckerberg, all taken together represent more than 40% of Nvidia's sales.
Jack Armstrong
They're buying the chips for AI.
Joe Getty
Yeah, yeah. And they're projected to increase their combined AI spending by 34 over the next year. They've been throwing money at AI like crazy. And those companies that I all just mentioned are going to increase it by a third over the next 12 months. It's expected. Holy crap.
Jack Armstrong
It's a gold rush and nobody's sure there's gold.
Joe Getty
So I was talking yesterday about how much I read and listen to about AI. Joe was asking why. For me it's, I think it might be the biggest thing that's ever happened on planet Earth. So I would like to know as much about it as possible.
Jack Armstrong
And the reason I asked was it seems like uncertainty piled on uncertainty and it's just at some point you get okay, we're not sure.
Joe Getty
Boy, I highly recommend. Steve Hayes of the Dispatch did an interview with a podcast guy the other day that broke it down like really long conversations into about an hour. So if you're interested in at all he had on the guy from the podcast, the last invention which I've gotten into now, it's really good. It gets into the history of all this, which is what I was going to talk about now. The history of AI. AI got a really big start in the 50s and we got to jump on it and had almost all your sci fi and projections of flying cars and all that sort of stuff that if you're older you grew up with all came out of this rush toward AI in the 50s. Then it just got like stuck for some reason. And I haven't heard an explanation for that. My. I suspect it's just computing power. Wasn't there just plain didn't have the computing power at the time to pull off their ideas behind AI. And then with Moore's Law, with computer power cube cuting, computing power doubling roughly every 18 months over the last many, many, many decades, we've gotten to a point now that chips are so fast and processing speeds are so great that they can do the stuff that they thought about a very long time ago, which is interesting. Now I'm. I'm a doomer in the the three camps that that particular podcast talks about. The. The real polar opposites are the doomers like me that think this is going to be the end of mankind. It's going to be the worst thing that ever happened to us. It's coming whether we like it or not. How quickly it ends, I don't know. In my lifetime or not, I don't know. We'll find out. And then you got the accelerators, he calls them, or the people that say this is going to be the greatest thing that ever happened to mankind. Well, it's split between Two crowds, the accelerators. I think I mentioned this yesterday. You've got the. This is going to be the greatest thing for mankind. We're going to cure all the diseases. We're going to live to be 150. Nobody's going to have to work. It's going to be the like heaven on earth everybody is hoped for since the dawn of time. Half the accelerators believe that. The other half the accelerators think no, no, no. I think it's going to be the worst thing that ever happened. But better that we get it first rather than the Chinese. So that's why I'm all for plowing forward as fast as we can. But I was listening to this podcast guy yesterday from the last invention talk about how safety ism is what's driving the doomers. He was just presenting the different arguments and there's no doubt that we have a safetyism problem in our culture. You no doubt whatsoever.
Jack Armstrong
The entire western world.
Joe Getty
Yeah, the entire western world. We don't let kids play tag at school. We put rubber bumpers on the corner of our tables when our kids are little. I mean just all these different things that we do. We won't let our kids play outside.
Jack Armstrong
There's a park on their own, whatever.
Joe Getty
Yeah, we've got millions examples of this. And the guy was talking about how we didn't used to be like that culturally when the automobile was first invented and then started to become mass produced and going. We didn't get seat belts until what? They didn't put seat belts in cars at all for a very, very, very long time. And then they weren't mandated in this country until what, the 90s? I don't even know when that happened. It was a long time. And he makes the point that everybody wasn't pushing back on the automobile. You know, how many people are going to die from this? And what about all the jobs that are going to be lost from farm with horses and this and that and all these different things? It's going to destroy these industry. No, we just plowed ahead with this new invention that was super cool and it was the latest technology and we just full steam ahead, for example, on the danger of it the peak of highway deads. I did the research on this Yesterday was in 1970. I think it was about 58,000 deads with a much smaller population that'd be the equivalent of 95,000 highway deaths today. We were willing to put up with in 1970 because we just thought the technology was important enough. It changed our lives enough in a Positive way. We were just plowing forward. That's the way we used to look at things.
Jack Armstrong
Yeah. I'm tempted to go off on a tangent about safetyism and how our acceptance that humans live and then they die and perhaps there's a better place afterward has given way to. We've got to prolong our lives as long as possible, no matter what it costs, culturally speaking. But back to you.
Joe Getty
But here was an invention that was clearly gonna kill lots of people. And the data was there right in front of us that was that it was killing lots of people for a long time. I mean, there were lots of highway deaths in the 50s and the 60s. We kept moving forward. We're faster and more powerful cars and it wasn't people afraid to get in them. And then, like I said, the what will this do to society? Blah, blah. I mean, there were those articles. You can find them, they're hilarious. But we, we plowed forward and then a lot of the naysaying about AI now fits in with our safetyism. I don't know if I fully buy this argument because I think AI is going to doom us and it'll be the end of society and the end of mankind and all these different sorts of things. But there's no doubt we have a safetyism problem in the country and any modern invention now, if you tried to get the car, for instance, going now, there'd be so much pushback around the danger and the changes to our economy. And we probably shouldn't. We're more of a probably shouldn't society now than we were back in the day. There's no doubt about it.
Jack Armstrong
My favorite saying, safety. Third innovation, adventure, then safety.
Joe Getty
I look forward to listening to the episode of the podcast from the last invention where it gets to the accelerators. Not the ones that think we need to accelerate just to stay ahead of a China, but the accelerators that think it's going to bring about the greatest time in human history. I think, I think those people are nuts. I mean, like crazy. Crazy don't understand human nature at all. Nutso that they think nobody's going to have to work is going to lead up to a positive outcome. I couldn't, I couldn't disagree with that.
Jack Armstrong
If you do not specifically address that concern about human nature and idle hands and the rest of it, then they need to go to hell. I mean, that's ridiculous. It's like rent control, which we were talking about earlier, not addressing the constriction of supply.
Sponsor or Advertiser Voice
If you'd own.
Jack Armstrong
If you don't address that. You're a crackpot. I'm not going to waste 10 seconds listening to you.
Joe Getty
Yeah, they, they just don't believe it. So it's. You've used this example before among like some of your super smart libertarians. The reason they think their, their version of government would work is they think everybody's like them. They think everybody's super smart, motivated to do the right thing, et cetera, et cetera.
Jack Armstrong
If everybody's like motivated, they'll always stay busy and go get it because that's how human beings behave.
Joe Getty
And I think a lot of the AI accelerators, they have that problem too. Well, I, if I had more free time, I would learn to play the piano, I would travel the world, I would write a symphony, I would do all these different sorts of things. That's not the average person. Maybe you would if you had lots of free time. The average person's gonna sit around, get fat and do drugs.
Jack Armstrong
The Armstrong and Getty show get more Jack, more Joe podcasts and our hot.
Sponsor or Advertiser Voice
Links@Armstrongetty.Com 10 athletes will face the toughest job interview in fitness that will push past physical and mental breaking points. You are the fittest of the fit. Only one of you will leave here with an IFIT contract worth $250,000.
Jack Armstrong
This is where mindset comes in.
Sponsor or Advertiser Voice
Someone will be eliminated. Pressure is coming down.
Jack Armstrong
Trainer Games on Prime Video January 8th. Watch the trailer on trainergames.com the world's.
Sponsor or Promotional Voice
Best ski and snowboard athletes are chasing medals. Now you can follow their every move. Join Insider, the official US Ski and snowboard fan loyalty program and get premium viewing at World cup ski events, exclusive athlete meetups, discounts from brands you love, and a custom welcome gift mailed direct to your doorstep. This winter, show your support as they race for the podium. Head to insider dot, USSKI and snowboard dot org and join today.
Sponsor or Advertiser Voice
Support for the show comes from Public, the investing platform for those who take it seriously. On public, you can build a multi asset portfolio of stocks, bonds, options, crypto and now generated assets which allow you to turn any idea into an investable index. With AI, it all starts with your prompt. From renewable energy companies with high free cash flow to semiconductor suppliers growing revenue over 20% year over year. You can literally type any prompt and put the AI to work. It screens thousands of stocks, builds a one of a kind index and lets you back test it against the S&P 500. Then you can invest in a few clicks. Generated assets are like EFTs with infinite possibilities, completely customizable and based on your thesis, not someone else's. Go to public.com podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com podcast paid for by Public Investing Brokerage Services by Open to the Public Investing Inc. Member FINRA SIPC Advisory Services by Public Advisors, llc SEC Registered Advisor Generated Assets is an interactive analysis tool. Output is for informational purposes only and is not investment recommendation or advice. Complete disclosures available@public.com Disclosures A new year.
Is on the horizon, and your 2026 savings start here. Right now, you can access the Washington Post for just $2 every four weeks, head into the new year with six months of savings at the special intro rate. After that, it'll cost $12 every four weeks. Cancel anytime. You'll get unlimited access to trusted journalism that helps you understand the year ahead and the world around you. Now's the perfect time to subscribe because great habits and great savings start together. Go to washingtonpost.com iheart that's washingtonpost.com iheart and start your year informed with the.
Podcast Host or Announcer
Post season two of unrivaled basketball is here and the talent is unreal. Paige Beckers, Nafeeza Collier, Kelsey Plumb, Brianna Stewart and more are back to redefine the game un unrivaled basketball season two, sponsored by Samsung Galaxy tips off January 5th on TNT, TruTV and HBO Max.
Jack Armstrong
Well everybody, this week everyone's been sharing their Spotify wrapped.
Joe Getty
You know what I'm talking about?
Jack Armstrong
No?
Sponsor or Advertiser Voice
Yeah.
Jack Armstrong
It's when Spotify puts together a little recap of your listening stats for the whole year. But Spotify isn't the only app that does this.
Joe Getty
Oh no.
Jack Armstrong
Check out what people got in their phones earlier today. Your calculator wrapped is ready. You had a busy year. You calculated restaurant tips 886 times because you can't do basic math. You accidentally opened the app 17 times when you meant to open the one next to it. You're in the top 1% of people who typed boobs upside down. You type 67 and showed your son in a desperate attempt to connect three times. You accidentally typed in 6:30 when you were drunk and trying to set an alarm for work twice. And you calculated how much more money you need to quit your job 45671 times.
Joe Getty
Wow.
Jack Armstrong
Don't forget to share with your friends. Wow. I don't know.
Joe Getty
This made me sad. For some reason, I'm thankful that I do not have a job where I every day calculate. How many more days do I have to do this because I've had jobs like that. Oh, yeah, and it sucks. I'm glad I wasn't betting on Turkish soccer because it's fairly corrupt. The bust this week of a massing betting investigation into Turkish professional soccer. It's the biggest sport in that country, as it is in most countries around the world that aren't the United States. Over 1,000 players have been suspended, including top tier players from the major clubs.
Jack Armstrong
How many players are there in this league?
Joe Getty
149 referees.
Jack Armstrong
Oh, boy.
Joe Getty
Arrest warrants have been issued for dozens of individuals, including club presidents, referees and commentators. So you had. You had soccer matches where the president of the club is corrupt, the players are corrupt, the referee's corrupt, and then the guy announcing the game is corrupt.
Jack Armstrong
I'm at a loss for how the guy announcing the game, maybe. Maybe he just has to be bought off. Not to say, you know, the goalkeeper clearly let that ball in. Wait a minute. What just happened here? Or you want him on the take?
Joe Getty
That wasn't a foul.
Sponsor or Promotional Voice
What the.
Joe Getty
What are you talking about?
Jack Armstrong
Right.
Joe Getty
They just don't want that.
Jack Armstrong
Right.
Joe Getty
To what extent was it real at all if the owner, the player, the ref, and the guy announcing it are all in on the. On the fix? It's really WWE at that point.
Jack Armstrong
Yeah. For all I know, the fans are getting 10 bucks a piece to keep.
Joe Getty
Their mouths cheer or boo at the right time.
Jack Armstrong
Right? Yeah. Yeah. Wow. Wow.
Joe Getty
How long would it take to turn that around and have anybody believe it's real and continue to bet? But obviously people were betting to the extent that it was worth paying off a thousand players and owners and referees and announcers and everything like that. The scandal has caused serious disruption. Lower division matches have been postponed. There's a growing concern over integrity in Turkish and European football broadly, just because the owners, the players, the refs and the announcers were all on the take.
Jack Armstrong
This guy mowing the field on the.
Joe Getty
Up and up, right?
Jack Armstrong
Yeah. Wow. Growing concern. Yeah, it ought to be.
Joe Getty
Guy out there parking the cars in the furthest away lot.
Jack Armstrong
You.
Joe Getty
You got a. Back in. Well, back in. He's on the take.
Jack Armstrong
If I had the time, I would love to study Turkish culture and politics more there at the nexus between the, you know, European world and the Muslim world. Really, really interesting. And Erdogan is half a dictator and it's just really, really good stuff. Oh, which reminds me, I heard some really, really thought provoking talk about the nature of Islam in Europe that I'd love to get to next hour. If you don't get next hour. You got to go somewhere. That's fine. Subscribe to our podcast Armstrong and Getty on Demand. You can listen to it later.
Joe Getty
Oh man. At your leisure. As you're driving around all weekend shopping.
Jack Armstrong
For Christmas and everything like that, imagine the pleasures.
Joe Getty
You can enjoy your favorite segments over and over with the kids in the backseat. Huh? That's some good stuff.
Jack Armstrong
Armstrong and Getty Under Jack Armstrong and.
Sponsor or Advertiser Voice
Joe Getty, the Armstrong and Getty show, 10 athletes will face the toughest job interview in fitness that will push past physical and mental breaking points. You are the fittest of the fit. Only one of you will leave here with an IFIT contract worth $250,000.
Jack Armstrong
This is where mindset comes in.
Sponsor or Advertiser Voice
Someone will be eliminated. Pressure is coming down.
Jack Armstrong
Trainer Games On Prime Video January 8th watch the trailer on trainergames.com the world's.
Sponsor or Promotional Voice
Best ski and snowboard athletes are chasing medals. Now you can follow their every move. Join Insider, the official US Ski and Snowboard fan loyalty program and get premium viewing at World cup ski events, exclusive athlete meetups, discounts from brands you love, and a custom welcome gift mailed direct to your doorstep this winter. Show your support as they race for the podium. Head to Insider, usski and snowboard.org and join today.
Sponsor or Advertiser Voice
Support for the show comes from Public, the investing platform for those who take it seriously. On public you can build a multi asset portfolio of stock, bonds, options, crypto and now generated assets which allow you to turn any idea into an investable index with AI. It all starts with your prompt. From renewable energy companies with high free cash flow to semiconductor suppliers growing revenue over 20% year over year, you can literally type any prompt and put the AI to work. It screens thousands of stocks, builds a one of a kind index and lets you back test it against the S&P 500. Then you can invest in a few clicks. Generated assets are like EFTs with infinite possibilities, completely customizable and based on your thesis, not someone else's. Go to public.com podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com podcast paid for by Public Investing Brokerage Services by Open to the Public Investing Inc. Member finra SIPC Advisory Services by Public Advisors LLC SEC Registered Advisor Generated Assets is an interactive analysis tool. Output is for informational purposes only and is not investment recommendation or advice. Complete Disclosure disclosures available@public.com Disclosures A new.
Year is on the horizon and your 2026 savings start here. Right now you can access the Washington post for just $2 every four weeks. Head into the new year with six months of savings at this special intro rate. After that, it'll cost $12 every four weeks. Cancel anytime. You'll get unlimited access to trusted journalism that helps you understand the year ahead and the world around you. Now's the perfect time to subscribe, because great habits and great savings start together. Go to washingtonpost.com iheart that's washingtonpost.com iheart and start your year informed with the.
Podcast Host or Announcer
Post season two of unrivaled basketball is here and the talent is unreal. Paige Beckers, Nafiza Collier, Kelsey Plumb, Brianna Stewart and more are back to redefine the game. Unrivaled basketball season two, sponsored by Samsung Galaxy, tips off January 1st 5th on TNT, TruTV and HBO Max. When the phrase 67 exploded online this.
Joe Getty
Year, it was fueled by Generation Alpha kids 15 and younger who've begun forging.
Podcast Host or Announcer
A dictionary's worth of often baffling vocabulary.
Joe Getty
Still, it's lingo that's burst into classrooms like Amy Wargo's how often are you.
Podcast Host or Announcer
Hearing phrases like this every day?
Sponsor or Advertiser Voice
What do you think that's about? Having something to actually bring them together. Many younger Gen Alpha kids started school.
Podcast Host or Announcer
During the isolation of the pandemic. Wargo says that attachment to the virtual.
Joe Getty
World remains in a way that differentiates.
Sponsor or Advertiser Voice
Them from Gen Z.
Joe Getty
Previous kids it was fidget spinners and bottle flipping.
Sponsor or Advertiser Voice
Now it's anything they hear on TikTok.
Joe Getty
A shared experience which we just don't have anymore. So whether it was, you know, the pandemic hurrying it along, it was going to happen anyway because we just don't have shared experiences anymore.
Jack Armstrong
Yeah, yeah, how interesting. Apparently Peter Thiel wrote a piece recently about how capitalism, the free market, is failing millennials.
Joe Getty
He's an interesting dude, that Peter Thiel. He is paypal mafia billionaire duty that has gone out there and done all different kind of stuff. He's all over the map politically. Sometimes I agree with him vehemently and sometimes I don't.
Jack Armstrong
Yeah, he's behind Palantir too, which is doing amazing work and really patriotic anyway. But he was reaching out to Facebook executives of all people. But he said when 70% of millennials say they are pro socialist, we need to do better than simply dismiss them by saying that they are stupid or entitled or brainwashed. We should try and understand why, which is absolutely true. Then the Free Press is Sean Fisherman sat down with Thiel to talk about what he saw in 2020 that made him write that more recently and Just a super quick summary. Capitalism is not working for young people. Thiel said, citing burdensome student debt regulations, putting homeownership out of reach for many. Quote, people assume everything still works, but objectively it doesn't. If you proletarianize the young people, you shouldn't be surprised if they eventually become communists. Now, I wish I had more of the piece in front of me. I don't. I could have grabbed it. But what the free press did was they ran a bunch of reactions to it from people both, you know, people you may have heard of and some you didn't. I love this one from Blake Sholl, who's the founder and CEO of something called Boom Supersonic, which I have no idea what that means. It might be a dance video platform, it might be an airplane. It might be a drug or a social network. Anyway, perhaps Katie could endeavor to figure out what Boom Supersonic is just to amuse me, if you don't mind. But what he said was really cool. Any idea? Not yet. Okay, now we're getting there. Okay, here's what he said. If you insert enough socialist elements into a capitalist system, when the socialist elements inevitably cause problems, people will blame the capitalism and then turn socialist. That's what's happened in New York City, for example, where Mamdani voters are motivated by high rents and crippling student debts, even though rent control drives up housing prices and government subsidies for higher education encourage universities to raise tuition.
Joe Getty
You know, because I can see.
Jack Armstrong
Wait, there's more real quick. Likewise, you insert enough capitalist elements into a socialist system, the system sort of begins to work and people think socialism works. That's what happened in China, damn it.
Joe Getty
But I can see how I've even done that. I've talked about this many times over the years. I just did a few minutes ago. Since we do live in a welfare state, then I think the government should be able to do this. I. I don't justify the, you know, more socialism so much, but the more government control aspect of it. If you're going to allow. If, if some of my money is going to go feed people who lose all their money gambling, then I think society ought to be able to outlaw gambling, which just, you know, just. It is an argument towards bigger government making more decisions for us. So, yeah, you inject a little bit of socialism, because I don't care if people just use staying on this example. I don't care at all if somebody spends their life savings on gambling and runs out of money. Unless at the end of that story, when you and your kids are hungry. You take my money. Now all of a sudden I care. So you've injected some socialism, because we do do that. I said, doo doo. We feed the hungry. So now I'm feeding you with my money. Now I get to decide whether or not you gamble, which is kind of an element of big government socialism.
Jack Armstrong
And getting back to Blake Shoal, the founder and CEO of Boom Supersonic, which is the largest chain of car wash centers across America, or. I don't know, what is it, Katie? Have we figured that out? Yeah, it's a company that's aiming to make commercial supersonic flights more accessible. Oh, okay, okay. Interesting. Anyway, so he goes on, at the root of this. At the root of this terrible confusion is a failure of our education system and our media to give the next generation a proper history education. Today's problems of affordability almost exclusively come from our most socialist institutions, such as our heavily regulated, subsidized in centrally planned health care and education systems. By contrast, the freer, more capitalist industries such as electronics and computing have driven enormous improvements across the board in real world standards of living. The closer we get to capitalism, the more everyone is better off in real terms. The closer we get to socialism, the more death and suffering result. We can't let capitalism be socialism's fall guy. It's on us to help the next generation separate the capitalist wheat from the socialist chaff so we can all enjoy a freer or more prosperous future. That was my favorite answer.
Joe Getty
The socialist noise from the capitalist signal, as people like to say nowadays.
Jack Armstrong
Yeah, yeah. Interestingly, a couple of my other favorites were all about life choices.
Joe Getty
That is really good. So just to dwell on that a second before you get to the life choices. So you have a socialist society, you do a little capitalism like they did in China, which helped them make a lot of money, and you credit socialism.
Jack Armstrong
Right. And if you insert enough socialist elements into a capitalist system, when the socialist elements inevitably cause problems, people blame the capitalism and then turn socialist.
Joe Getty
That's unfortunate.
Jack Armstrong
It is good. So there's a lot of stuff about personal choice, and we talked about this earlier, it is the 800 pound gorilla, you know, in a pet store full of little kittens in terms of how people's lives turn out.
Joe Getty
Wow. Clean up on aisle five.
Jack Armstrong
There is there. There are a number of different things that can affect your life in a material way, from your, your upbringing to your genetics to your race to a whole bunch of stuff. But the idea that personal choices, your life choices aren't listed as the king of The Hill aren't not just not listed as the king of the Hill. They're not discussed at all.
Joe Getty
No, in fact, it's frowned upon if you look at them.
Jack Armstrong
It's, it's. That is an excuse for what I would call governmentalism, the idea that government should solve all of our problems.
Joe Getty
You're shaming people if you're going to take.
Jack Armstrong
You're blaming the victim.
Joe Getty
Exactly.
Jack Armstrong
Right? Yeah. But I thought it was interesting that so many really brilliant and persuasive people wrote about. About personal choices.
Joe Getty
Jim the gorilla is in the kitten aisle.
Jack Armstrong
Oh, boy, not again.
Joe Getty
Okay, say no more.
Jack Armstrong
And the other thing that they talk about is over regulation and how. And oh man, I just came across a great example of this. And most people don't know this. I didn't know it until fairly late in life. A lot of regulations are attempting to stifle competition. The big guys figure, all right, compliance with these complex regulations will cost us 3% of our revenue. But a plucky startup with good ideas that wants to come and take our market share, that'll be like 15% of their revenues and they could never afford it. So we will quash any competition with regulations that sound like they're protecting the consumer or the environment or whatever. But they lobbied, the big guys lobbied to regulate their own industry to crush competition. Did you know that's a thing? It's a thing, folks. Then finally this love, Jason Riley, Wall Street Journal. And he wrote a great piece about this incredible school, Piney Wood School in Mississippi. It is again, yet again, the classic educational success story. A lot of poor kids, a lot of black kids doing amazing things, achieving, learning, getting into college, the rest of it.
Joe Getty
Why?
Jack Armstrong
High standards, strictly enforced discipline, and high expectations of the kids. And the kids love it and they excel like crazy.
Joe Getty
Sounds like white supremacy to me.
Jack Armstrong
Oh, my Lord. Jason Riley with a great piece about that. But I was going to use that to introduce another one of my favorite black thinkers, Roland Fryer, who's writing about the economics of culture, which we were just talking about life choices. People from cultures that emphasize productive habits tend to advance. The reverse is also true. I mean, that's one of the most self evidently obvious things you could possibly say. But man, that is strict verboten on the left to say that. That is why you hear those idiotic things like punctuality as white supremacy and trying hard is white supremacy and exceptionalism. Or what's the. You promote people based on their excellence. Is white supremacy meritocracy? Meritocracy, yeah. Exactly. But Roland writes, and you may know, he was the guy who came out with a carefully constructed study early in his career that said, no, young black men are not disproportionately shot and shot dead in America by police. It's not true, and it was unassailable research, but the left essentially made him a propriet. But anyway, he writes, culture is one of the most underrated ideas in economics. For decades, economists avoided invoking cultures that share values.
Joe Getty
You are scratching the biggest itch I've got. This, this is, wow, really my, this is my thing right here.
Jack Armstrong
I'm loving putting aside the highly troubling metaphor. I'm glad to be doing so. For decades, economists avoid invoking culture, the shared values, norms, beliefs, preferences and behaviors of a group, as an explanation for economic outcomes. It seemed too intangible to measure and too messy to model. Thomas Sowell. Oh my God. Two of my favorite thinkers happen to be black men quoted in the same thing, whose legacy was celebrated recently at Stanford's Hoover Institution. Changed that. He was among the first economists to treat culture as an important economic variable. Mr. Sowell has argued that both human capital and culture drive mobility, more so, in his view, than discrimination or external barriers. Groups that develop productivity enhancing traits such as skills, an orientation toward education and work, and thriftiness tend to advance. Those whose cultures don't emphasize these things tend to fall behind. In Mr. Sowell's view, culture is a form of capital, an accumulation of habits, and know how that powerfully influences a group's project progress could not be truer. And, and you know, I'd like to read this whole thing because it's so incredibly important. I'll bet he goes into a bunch of different studies. Go ahead.
Joe Getty
I'll bet that the reason it's so recent that anybody talked about it, wrote about it, is that that we just were all in agreement up until fairly recently, mid ish 20th century, that yeah, of course, being thrifty and working hard is a good idea and everybody should do it. It was mostly in agreement. It wasn't until we started to, well, you know, I get back to Elvis and the Beatles and the devolving of our culture. I think it all fits together, actually.
Jack Armstrong
But so again, we're pressed for time. But so he goes into his research and his academic background and he talks about cultural differences across racial and ethnic groups are unmistakable. And then he talks about various shows and how popular they are among cultures. But for social scientists, the hardest part of studying culture is trying to find a way to measure it. And in the early to mid 2000s, Stephen Levitt and I tried, he's from the Free Economics guy, tried to answer that question by focusing on one small but revealing expression of cultures, the names parents give their children. Man, that's, it's long and interesting. But here's, here's the most revealing part of this. They went into other parts of the world, other countries with cultures you know nothing about, and you had two groups of people that looked just like this, just the same, similar religions, et cetera. But over here, they valued hard work, savings, education, et cetera. Over there they didn't guess what the first group did way, way better than the other ones. And it wasn't white supremacy because there weren't any damn white people. They refer to the fact that. And what's the number? I wish I could find it that Pakistani Americans earn 60 cents on the dollar to Indian Americans because of what? White racism? Are you kidding me? No. Cultural norms. It's like the most important thing in the world and nobody wants to talk about it because you get. But I don't care. I'll talk about it, sir. Chicken. Armstrong and Getty. Armstrong and Getty. Armstrong and Getty. Armstrong and Getty.
Sponsor or Advertiser Voice
10 athletes will face the toughest job interview in fitness that will push past physical and mental breaking points. You are the fittest of the fit. Only one of you will leave here with an IFIT contract worth $250,000.
Jack Armstrong
This is where mindset comes in.
Sponsor or Advertiser Voice
Someone will be eliminated.
Jack Armstrong
Pressure is coming down. Trainer Games on Prime Video January 8th. Watch the trailer on trainergames.com the world's.
Sponsor or Promotional Voice
Best ski and snowboard athletes are chasing medals. Now you can follow their every move. Join Insider, the official US Ski and snowboard fan loyalty program, and get premium viewing at World cup ski events, exclusive athlete meetups, discounts from brands you love, and a custom welcome gift mailed direct to your doorstep. This winter, show your support as they race for the podium. Head to insider.usski and snowboard.org and join today.
Sponsor or Advertiser Voice
Support for the show comes from Public, the investing platform for those who take it seriously. On public, you can build a multi asset portfolio of stocks, bonds, options, crypto and now generated assets which allow you to turn any idea into an investable index. With AI it all starts with your prompt. From renewable energy companies with high free cash flow to semiconductor suppliers growing revenue over 20% year over year, you can literally type any prompt and put the AI to work. It screens thousands of stocks, builds a one of a kind index and lets you back test it against the S&P 500. Then you can invest in a few clicks. Generated assets are like EFTs with infinite possibilities, completely customizable and based on your thesis, not someone else's. Go to public.com podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com podcast paid for by Public Investing Brokerage Services by Open to the Public Investing Inc. Member FINRA SIPC Advisory Services by Public Advisors, llc. SEC Registered Advisor Generated Assets is an interactive analysis tool. Output is for informational purposes only and is not investment recommendation or advice. Complete disclosures available@public.com Disclosures A new year.
Is on the horizon and your 2026 savings start here. Right now, you can access the Washington post for just $2 every four weeks. Head into the new year with six months of savings at the special intro rate. After that, it'll cost $12 every four weeks. Cancel anytime. You'll get unlimited access to trusted journalism that helps you understand the year ahead and the world around you. Now's the perfect time to subscribe because great habits and great savings start together. Go to washingtonpost.com iheart that's washingtonpost.com iheart and start your year informed with the.
Podcast Host or Announcer
Post season two of unrivaled basketball is here and the talent is unreal. Paige Beckers, Nafiza Collier, Kelsey Plumb, Brianna Stewart and more are back to redefine the game. Unrivaled basketball season two, sponsored by Samsung Galaxy, tips off January 1st 5th on TNT, True TV and HBO.
Jack Armstrong
Max, you know what I hadn't realized until I came across an article about it today? Was that high school football they're highlighting. Southern California high school football is now full on the nil money thing, with boosters paying big money to little kids to come to their high schools. Wow. To play football. Wow.
Joe Getty
I know a little bit about that.
Jack Armstrong
Yeah.
Joe Getty
That's interesting.
Jack Armstrong
Well, in this one kid that they highlight who's now he's going to be playing in the Big Ten championship game for Ohio State. A receiver. The story opens with him tearfully calling his grandmother, begging her to come get him because his drug addict mother had sold him to a team in Southern California to go play receiver there. Unbelievable. Speaking of the evils of modern society, a couple of days ago, Massachusetts voters took a major step to repeal the legalization of recreational marijuana in the state. The Coalition for a Healthy Massachusetts submitted more than 74,000 signatures required to put the question on the 2026 state ballot. Once certified, the measure will go to the state legislature for consideration. If they decline to pass it, organizers must collect more signatures to put it to a statewide vote next year. But Massachusetts isn't alone. In Idaho, where marijuana is currently illegal, a measure to block future voter initiatives to legalize the drug is on the ballot for 2026.
Joe Getty
So what led them to want to do this? What were they thinking was going to happen when it was legalized? That hasn't occurred. Or the reverse? I guess.
Jack Armstrong
There are a bunch of unforeseen effects. Number one, it was believed by a lot of people that the rate of marijuana use wouldn't change much. It would just be out in the open and could be regulated and blah, blah, blah. But freely legal weed and the fact that it's practically laughable, the idea that the cops would talk to somebody who has marijuana to make sure it's legal weed or whatever in the legalized states, it's just, it's not happening. So lots and lots more people are smoking pot. The promised tax revenues have not materialized. The black market for pot hasn't gone anywhere because the like. In California, it's so taxed and regulated, it's legal. Pot is pretty expensive and though plenty of people consume it, a lot of people just keep going to their neighborhood dealer they've always gone to.
Joe Getty
But so back to the conversation of.
Jack Armstrong
You know, it's really, really bad for kids brains.
Joe Getty
80 to 100,000 people die from drinking every year. So is pot worse than drinking?
Jack Armstrong
I don't know. I think that's probably an unanswerable question.
Joe Getty
Or drinking just got grandfathered in and it doesn't need to make sense. It's just a thing.
Jack Armstrong
It's the Armstrong and Getty Show. Armstrong and Getty, Armstrong and Gettysburg.
Sponsor or Advertiser Voice
Ten athletes will face the toughest job interview in fitness that will push past physical and mental breaking points. You are the fittest of the fit. Only one of you will leave here with an IFIT contract for $250,000.
Jack Armstrong
This is where mindset comes in.
Sponsor or Advertiser Voice
Someone will be eliminated. Pressure is coming down.
Jack Armstrong
Trainer Games on Prime Video January 8th. Watch the trailer on trainergames.com the world's.
Sponsor or Promotional Voice
Best ski and snowboard athletes are chasing medals. Now you can follow their every move. Join Insider, the official US Ski and snowboard fan loyalty program, and get premium viewing at World cup ski events, exclusive athlete meetups, discounts from brands you love, and a custom welcome gift mailed direct to your doorstep this winter should show your support as they race for the podium. Head to insider.usski and snowboard.org and join today.
Sponsor or Advertiser Voice
Support for the show comes from Public, the investing platform for those who take it seriously. On Public you can build a multi asset portfolio of stocks, bonds, options, crypto and now generated assets which allow you to turn any idea into an investable index with AI. It all starts with your prompt. From renewable energy companies with high free cash flow to semiconductor suppliers growing revenue over 20% year over year, you can literally type any prompt and put the AI to work. It screens thousands of stocks, builds a one of a kind index and lets you back test it against the S&P 500. Then you can invest in a few clicks. Generated assets are like EFTs with infinite possibilities, completely customizable and based on your thesis, not someone else's. Go to public.com podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com podcast paid for by Public Investing Brokerage Services by Open to the Public Investing Inc. Member FINRI SIPC Advisory Services by Public Advisors, llc. SEC Registered Advisor Generated Assets is an interactive analysis tool. Output is for informational purposes only and is not investment recommendation or advice. Complete disclosures available@public.com Disclosures A new year.
Is on the horizon and your 2026 savings start here. Right now you can access the Washington post for just $2 every four weeks. Head into the new year with six months of savings at the special intro rate. After that, it'll cost $12 every four weeks. Cancel anytime. You'll get unlimited access to trusted journalism that helps you understand the year ahead and the world around you. Now's the perfect time to subscribe because great habits and great savings start together. Go to washingtonpost.com iheart that's washingtonpost.com iheart and start your year informed with the Post.
Podcast Host or Announcer
Season two of unrivaled basketball is here and the talent is unreal. Paige Beckers, Nafiza Collier, Kelsey Plumb, Brianna Stewart and more are best. Back to redefine the game. Unrivaled basketball season two, sponsored by Samsung Galaxy, tips off January 5th on TNT, TruTV and HBO Max. This is an iHeart podcast. Guaranteed human.
Date: December 22, 2025
Podcast: Armstrong & Getty On Demand
Host: iHeartPodcasts
Episodes Summarized: Monday Hour One (Replay Hour)
In this lively replay hour, Jack Armstrong and Joe Getty weave their trademark blend of current events analysis, personal anecdotes, pop-culture references, economic discussion, and sharply comedic banter. This hour spotlights topics including recent Congressional actions, the state of AI and the stock market, "safetyism" and technological risk, corruption in Turkish soccer, debates over capitalism versus socialism, generational cultural shifts, the legalization (and backlash to) marijuana, and the role of culture in economic mobility.
This replay hour captures Armstrong & Getty's signature style: dissecting major news stories and broad cultural shifts with wit, skepticism, and a willingness to challenge conventional wisdom. The episode’s diverse topics are unified by a recurring focus on human nature, the unpredictability of innovation, and the perennial tensions between progress, regulation, and personal responsibility. Listeners are left with lively dialogue to ponder on topics ranging from AI and economics to sports corruption and legal weed—always anchored by the hosts’ distinctive voices.