The A&G Replay Hour Monday Hour Two

Summary

Armstrong & Getty On Demand – Replay Hour (Monday Hour Two)

Air Date: December 22, 2025
Hosts: Jack Armstrong & Joe Getty
Podcast: iHeartPodcasts

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Episode Overview

This episode is a curated replay hour from Armstrong & Getty, featuring classic discussions and listener highlights. The episode covers several societal themes: the psychology and history of conspiracy theories, the rise and fallout of transgender issues in society, ongoing debates about price controls and rent control—plus a segment celebrating the value of scouting programs. The conversation is characteristically lively, skeptical, irreverent, and driven by the hosts' curiosity and quick wit.

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Key Discussion Points

1. The Psychology and Permanence of Conspiracy Theories

(03:56–11:03)

• The hosts discuss the enduring nature of conspiracy theories, examining why they persist across history.
• Armstrong introduces "proportionality bias"—the tendency to believe big events must have big causes, as opposed to accidents or lone actors.
  • “The conspiracist worldview transforms chaos into drama and tragedy into design…It restores meaning in a confusing world…” (Jack Armstrong, 04:13)
• Examples include historical blood libels against Jews, the spread of witch trials via the printing press, and modern internet conspiracies.
• Getty draws analogies between the spread of misinformation in the age of the printing press and today’s internet-driven rumor-mongering.
• The temptation of a satisfying narrative over uncomfortable realities is a major theme.
  • “Conspiracy theories offer what old religions once did. Moral structure, belonging, and the assurance that evil is real…” (Jack Armstrong, 06:57)
• The difference between actual conspiracies and “conspiracy theories” is examined.
  • “What’s the difference between a conspiracy and a conspiracy theory? ...there are plenty of conspiracies—more than one person working toward a despicable end…” (Jack Armstrong, 08:01)

Notable Quote

“The most enduring conspiracy theories…often follow events that feel too momentous to have been set in motion by something as mundane as one mentally unwell individual.”
— Jack Armstrong (04:46)

Notable Segment

• Aldous Huxley quote: “The surest way to work up a crusade in favor of some good cause is to promise people they will have a chance of maltreating someone...” (Jack Armstrong, 10:31)

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2. Security and the Illusion of Safety

(11:03–13:02)

• The hosts discuss a viral video of someone breaching security to get near Ariana Grande, highlighting the fallibility and theatrical nature of most security measures.
  • “Most security is security theater. I don’t know what you—” (Jack Armstrong, 11:47)
• Reflection on why society has come to require such high levels of security for celebrities and public figures.

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3. Gender Identity, Transgender Laws, and Recent Controversies

(16:09–23:46)

• "Gender Bending Madness” update: Armstrong reports on new statistics showing a sharp decline in young people identifying as transgender.
• The hosts discuss the International Olympic Committee's (IOC) looming ban based on new studies confirming men retain significant advantages in women’s sports after transition.
  • “It says here they’re bigger and stronger than women. Damned good thing they did that new study.” (Jack Armstrong, 17:34)
• Atlanta Library Incident: A confrontation between a trans woman and a police officer over restroom usage leads to a debate about bathroom policies and public comfort.
  • “All the penises are in one room and all the vaginas are in a different room.” (Joe Getty, 19:25)
• Prison safety is discussed through real-life accounts of violence resulting from housing biological males who identify as women in women’s prisons.
• The case of a convicted pedophile being granted taxpayer-funded gender-affirming procedures and a trans lawmaker convicted of child exploitation bring additional edge to the conversation, with the hosts highly critical of current policies.
  • “He sexually abused his own 10 year old son and produced child porn with the boy.” (Jack Armstrong, 22:13)
  • “Murder him, put him to death.” (Joe Getty, 22:22)
• The tone is incredulous and derisive regarding policies that the hosts view as dangerous or ideologically driven.

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4. Affordability Crisis—Price Controls and Rent Control

(27:00–39:56)

• Armstrong & Getty review an op-ed arguing for price controls and dissect decades of economic evidence and experience showing such controls, especially rent control, are counter-productive.
  • “Economists think it’s a bad idea. It’s been looked at for years, these ideas…rent control doesn’t work.” (Joe Getty, 35:12)
• L.A.’s efforts to cut red tape for “affordable housing” are critiqued as illogical when greater reforms are needed.
  • “If it's affordable housing, we'll cut all the red tape and you can go ahead and build it. What possible sense does that make?” (Jack Armstrong, 31:31)
• Legal challenges to rent control in New York are highlighted, with the hosts rooting for Supreme Court action.
• The segment ends with a classic Econ 101 lesson: price gouging post-disaster is defended as a mechanism that brings needed goods to where demand is highest, using chainsaws as an example.
  • “You put a price control on chainsaws…Why would I [drive to Florida]? So the people in Florida can't get a damn chainsaw.” (Jack Armstrong, 38:45)

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5. The Value of Scouting (Listener Segment)

(43:10–48:28)

• The hosts share emails and stories from listeners about how Scouts, especially Eagle Scout projects, foster invaluable real-world skills and character in youth.
  • “You could see them grow. He said they came back, they almost looked taller coming out of the canyon.” (Joe Getty, 46:26)
  • “Nothing in my four years of college came close to teaching me real world experience and responsibilities than my Eagle project did.” (Jack reading a listener email, 47:45)
• A light, sentimental moment emphasizing the positive impact of community and struggle for youth.

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Notable Quotes

• “The conspiracist worldview transforms chaos into drama and tragedy into design…It restores meaning in a confusing world…”
  — Jack Armstrong (04:13)
• “The psychology remains the same—conspiracy theories offer what old religions once did. Moral structure, belonging, and the assurance that evil is real, identifiable and conquerable.”
  — Jack Armstrong (06:57)
• “It is so cold in New York City…I saw a squirrel pouring hot cocoa on his nuts.”
  — Jack Armstrong (43:20)
• “Can you see my privates? Can you see my privates? Can you?”
  — Story from Joe Getty about his child, adding playfulness (44:18)

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Timestamps for Major Segments

• Conspiracy Theories & Historical Echoes: 03:56–11:03
• Event Security & Societal Decay: 11:03–13:02
• Transgender Policy & Social Fallout: 16:09–23:46
• Affordability, Price Controls & Rent: 27:00–39:56
• Scouting Stories & Listener Email: 43:10–48:28

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Memorable Moments and Tone

• The hosts employ their signature blend of skepticism, humor, and libertarian-leaning reason throughout.
• Analogies to past eras (printing press and witch trials) connect modern phenomena to deep-rooted patterns in human society.
• They frequently break up serious discussion with gallows humor, absurdity, and inside jokes.
• The scouting segment provides a rare earnest note amid sarcasm.

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Summary

This replay installment is a masterclass in Armstrong & Getty’s approach: cutting through fads and policies with historical perspective, irreverence, and an eye for human psychology. They cover the drift of conspiracy thinking, pitfalls of misguided economic policies, and cultural flashpoints over gender identity. They’re unafraid to take controversial stances and balance snark with genuine moments, especially when listener stories touch on the enduring value of character-building institutions like Scouting.

Transcript

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[Jack Armstrong]

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[Jack Armstrong]

Broadcasting live from the Abraham Lincoln radio studio at the.

[Announcer]

George Washington Broadcast Center.

[Jack Armstrong]

Jack Armstrong and Joe Getty. Armstrong and Getty.

[Joe Getty]

And now here.

[Jack Armstrong]

Here's Armstrong and Yeti.

[Joe Getty]

Welcome to yet another fine hour of the Armstrong and Getty Show.

[Jack Armstrong]

We're on vacation, but be not dismayed. Some of our finest moments have been preserved on tape.

[Joe Getty]

Yes, we call this the Armstrong and Getty Replay.

[Jack Armstrong]

While you listen, you can stop by the Armstrong and Getty Superstore. Grab T shirt, a hat, whatever. Just go to armstrong getty.com now back.

[Joe Getty]

To the A replay.

[Jack Armstrong]

So we're in the midst of discussing a couple of different pieces of thinking on conspiracy theorists. Michael, why do you look so troubled? No, everything's great, actually. I'm just. Yeah, we're good.

[Joe Getty]

Indigestion.

[Sponsor Representative]

All right.

[Joe Getty]

Are you eating enough California prunes?

[Jack Armstrong]

Guilt.

[Sponsor Representative]

I'll grab some prunes.

[Jack Armstrong]

Yeah, there you go. All right. So anyway, we're talking about conspiracy theories and the shapes they take and the kind of ancient origins of them. If you're just joining in joining, maybe grab it via podcast later. Armstrong and Giddy on demand. But the conspiracist worldview transforms chaos into drama and tragedy into design. It restores meaning in a confusing world by insisting that every disaster, every death, every downturn must have a reason. The most enduring conspiracy theories, like those surrounding JFK's assassination. This is so interesting. Often follow events that feel too momentous to have been set in motion by something as mundane as one mentally unwell individual.

[Joe Getty]

Now, I get that that's hard to deal with.

[Jack Armstrong]

Jamie Palmer, who's an editor at Quillet, one of the senior editors. He was a conspiracy thinker for years. He's not anymore. He noted that the idea of a communist misfit killing an American president was an embarrassment to the new left, which he was part of. Unable to accept that a unremarkable loner could alter the course of History. Many instead turned to elaborate alternate explanations. And I like this so much I clipped it. Psychologists call this the proportionality bias. The belief that great events require great, great causes. A solitary gunman feels arbitrary and small. A hidden cabal, on the other hand, restores symmetry, purpose and a sense of moral order. Yeah, the proportionality bias. Now this is where it really gets interesting. Long before our modern variance, conspiracy theories were spread via word of mouth in the Middle Ages, Jews were targeted in particular because they lived among Christians. But apart from them, they were marked by different laws, different rituals and occupations were reviewed as the people who had known Christ but had rejected, rejected him. When a boy was kidnapped and murdered in 12th century England, the accusation that Jews used the blood of children in their Passover rituals began to spread across Christendom. The original blood libel. And during the black deaths, Jews were again blamed for deliberately spreading the plague through the poisoning of wells, which led directly to pogroms, meaning the slaughter of Jews across Germany, France and Switzerland. During the Reformation, Martin Luther produced texts of virulent anti Semitism, urging Christians to eject them forever from their lands and raise and destroy their houses. These stories of villainy served the function. They united Christians against a common enemy, blamed catastrophes like the pandemics on humans rather than complex systems that they didn't understand, and legitimized violence as well as the confiscation of Jewish property. The specifics change. Demons become globalists, witches become elites, and covens become cabals. But the psychology remains the same. Conspiracy theories offer what old religions once did. Moral structure, belonging, and the assurance that evil is real, identifiable and conquerable. The platforms have changed, but the pattern has not.

[Joe Getty]

I was listening to a podcast the other day, a topic I've talked about a lot before the witch trials of that period. At the time the printing press became popular, it really drove the witch trials in that like the Internet now you had printed material out there that anybody could say anything they wanted. And lots of people believed everything they read. And the whole witch thing spread. 40,000 witches, they believe, were killed over many, many decades during that period of time.

[Jack Armstrong]

But she's a witch.

[Joe Getty]

It's a full on conspiracy theory. Blaming is a, is a discomfort with the number of unwed women there were is a lot of what it was driving it culturally.

[Jack Armstrong]

Wow. So the first real use of the printing press was printing crap about witches. Yeah, if that don't tell you everything you need to know about humanity, I don't know what. Well, so here's the interesting question. I think if you're thinking a man or woman. What's the difference between a conspiracy and a conspiracy theory? I mean, because there are plenty of conspiracies. More than one person working toward a despicable end or an illegal end.

[Joe Getty]

You got to give JFK people, certainly in the early part, a pass. So it turns out the guy lived in Russia, went to Cuba recently.

[Jack Armstrong]

I mean, come on. Had been ID'd by the CIA in.

[Joe Getty]

The midst of the Cold War. No, it's almost a stretch that he wasn't involved with the Soviet Union somehow.

[Jack Armstrong]

Yeah, right. Yeah, I would agree. I would agree there was plenty of grist for that meal, but.

[Joe Getty]

And then he gets murdered the next, you know, like two days later. So you can't ever answer any questions.

[Jack Armstrong]

I mean, come on. Yeah, there was. Who was it? Was it Neil Ferguson did a takedown of Daryl Cooper? Was that his name? The fake historian that Tucker said was the most important historian in America or something like that. A point by point takedown of Darrell's reasoning about why the Jews did this and that and why Hitler actually wanted blah, blah, blah, and just utterly dismantled it. But in. You had to read the dismantling because the case Darrell Cooper made sounds so authoritative. Because he cites specific sentences from specific documents or letters from one diplomat to a president. President or something like that. And you need the explanation of why. Oh, that was like one sentence from one advisor who dissented from the mainstream. And two sentences later he pointed out why that probably wasn't true, but he thought the president ought to be aware of it, that sort of thing. It's, you know, back to the whole incredibly frustrating notion that if you're explaining, you're losing. It's very easy to make authoritative sounding claims that sound very, very reasonable and you have to spend the time to dig into them to debunk them. And who has the time, right? Especially, you know, given the deliciousness, as Claire Lehman responds or described about conspiracy theories. And my final thought. This is one of my favorite quotes from Aldous Huxley. I've actually got it pinned to the studio wall. The surest way to work up a crusade in fav. Some good cause is to promise people they will have a chance of maltreating someone. To be able to destroy with good conscience, to be able to behave badly and call your bad behavior righteous indignation. This is the height of psychological luxury. The most delicious of moral traits.

[Joe Getty]

That fits in with the witch trial thing a lot. Really allowed people and anti Semitism and. Yeah, and a lot of Islamic fundamentalism.

[Jack Armstrong]

Right, right.

[Joe Getty]

Before we take a break. Hey Katie, have you seen the, the video of the guy who rushes on Ariana Grande?

[Jack Armstrong]

I have.

[Joe Getty]

Wow. Have you seen that, Joe?

[Jack Armstrong]

Yeah, I did. I didn't think much of it.

[Joe Getty]

I just saw an angle of it that was different. Well, he didn't do anything. He just ran up and got his picture taken. But.

[Jack Armstrong]

And then, holy crap, he's notorious for doing that at red carpet events.

[Joe Getty]

What's the point of claiming to have security at any event ever if that can happen? He ran, God, it looks like 20 yards at least. He just kind of pushes past the so called security guard who was probably making minimum wage and had no weapon. If you want to get to people other than the President. And that's even a question.

[Jack Armstrong]

Well, I was gonna say if, if the murder of Charlie Kirk and the near murder of Donald J. Trump haven't convinced you that most security is security theater. I don't know what you. Yeah, so.

[Joe Getty]

So what level of concert surety are you going to have for a movie star who's walking on the red carpet for some movie premiere? Apparently none. That guy, if he'd have wanted to kill her, he could have absolutely 100 killed her before anybody could have stopped her.

[Jack Armstrong]

It wasn't even her security that got him off of her. It was her co star that pulled.

[Joe Getty]

Her away around her that the security perimeter was wide. The guy blows past that perimeter with no effort whatsoever.

[Jack Armstrong]

Yeah.

[Joe Getty]

Then gets all the way to. To her and has his arm around the 4 foot 10, 80 pound woman to get his picture taken.

[Jack Armstrong]

Right. And you know, the, maybe the most troubling part of all that is why would we need so much security? Right. Yeah. Why are so many people intent on hurting other people?

[Joe Getty]

Right. As it wasn't that many years ago that you could walk up to the White House and knock on the door and walk in if you wanted to.

[Jack Armstrong]

We're debating whether teachers should have guns and whether the fences at the elementary school ought to be electrified and.

[Joe Getty]

Yeah.

[Jack Armstrong]

And a hundred other things.

[Joe Getty]

Well, that's a decay of our culture and society which I was talking about last week, which I believe blame on Elvis and the Beatles. I think it all fits together the long hairs what brought it.

[Jack Armstrong]

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[Commercial Narrator]

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 for $250,000.

[Jack Armstrong]

This is where mindset comes in.

[Commercial Narrator]

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 Representative]

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.

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 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 [e-mail] Disclosures A new year.

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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 Post.

[Jack Armstrong]

Right now, it's a Gender Bending Madness update.

[Commercial Narrator]

So I kept hearing about this thing.

[Jack Armstrong]

Called gender bending Madness. Del Loco yeah, we're in a brave new world. So the bloom is definitely off the transgender craze, as the number of young people identifying as transgender has been cut in half in like two years. Just utterly ridiculous. But the hits keep coming. First, some encouraging news from the Olympics.

[Joe Getty]

The ILC Will issue the ban sometime early next year, citing a new scientific review that found evidence men have a permanent physical advantage over women athletes, even after hormone therapy. However, the Guardian newspaper says the ban could still be a year out and that the IOC is facing pushback to a possible ban on athletes who reported female at birth but have male chromosomes and the same testosterone level as men, also known as differences in sexual development. That would include athletes like South Africa's Caster Semenya, who won gold at the London and Rio Games. Before track and field's governing body, World Athletics, banned DSC athletes from competing as women in 2023, a new study, you say that shows that men have a permanent advantage even if they undergo the transitioning.

[Jack Armstrong]

I'll be darned. It says here they're bigger and stronger than women. I'll be darned. Damned good thing they did that new study. Meanwhile in Atlanta, the poor cops are still trying to figure out what woke idiot policy they're supposed to be following. Sarah Swinson is a regular at the Tucker Reed Kofer Library. She says after she used the ladies room on October 20, a DeKalb police officer on hand for early voting confronted her. He says, excuse me, sir, so misgendering me right away. You're not a woman.

[Joe Getty]

That's obvious.

[Jack Armstrong]

This is a police matter. There are women and little girls in there, and I have to protect them. She says it ended up causing a scene in the middle of the library and she tried to de escalate. The next day, she emailed library staff, who she says reached out to DeKalb County Police and I asked DeKalb County CEO Lorraine Cochran Johnson about all of this. She told us the county supports the LGBTQ community, calling this a teachable moment. The county further clarified their official position is for library patrons to use whichever.

[Joe Getty]

Bathroom aligns with their gender identity. This is, well trod ground, I realize, but it just occurred to me, what is the argument for why if you got a penis but you feel like you're a girl, you should be in the girl's restroom as opposed to in.

[Jack Armstrong]

The restroom where everybody, trans women are women. That's a woman right there.

[Joe Getty]

That's the whole argument. But we all shouldn't.

[Jack Armstrong]

That man with the low voice, Jack, that was a woman. That's my favorite part of the report is just the. The reporter was so matter of fact, she, she was in the bathroom. She. And then Sarah Switzerland. I use the restroom, women's restroom, like I've been for months. I mean, he says, excuse me, sir. So look, he misgenders me, right? Right away he says, you're not a woman. That's obvious. I said, how dare you? The poor little lady was offended.

[Joe Getty]

That doesn't seem out of line to say, I believe you're a woman and I'll call you she and call you by your name. You're a woman, but you got a penis. So all the penises are in one room and all the vaginas are in a different room.

[Jack Armstrong]

Suggested just have innies and outies. You call yourself whatever you want, but I. That is giving too much ground to the transgender radical gender theory crowd. I won't do it. It's not. It's a decent middle ground, I suppose, for a place like Atlanta that's trying to be woke, but it's still absolutely ridiculous. Anyway, again, ma', am, I'm sorry you were offended. This is offensive. Faith.

[Joe Getty]

I'm okay.

[Jack Armstrong]

Faith smith was a 28 year old woman, an inmate at the Washington Corrections center for Women, viciously attacked a couple of months ago by a 6 foot 4 inch male child molester. Identify identifying as a transgender woman. And of course, Washington state puts men who claim to be women in women's prisons out of some sort of psychosis. And here is a gal who spent some time in the Central California women's facility in Chochilla, California, one of the largest women's prisons in the country. And she's writing about how she saw firsthand how critical single sex spaces are for the safety and dignity of incarcerated women. And she says, one case still haunts me. A male inmate isolated in a men's prison for assaulting bunk mates was moved into a women's cell with seven women. These women were trapped, their voices ignored. This guy beat them, threw her to the ground, punched and kicked her relentlessly.

[Joe Getty]

I thought this aspect of it would get taken care of with a lawsuit. I thought that that would happen early on. Somebody would sue a state, get like a half a billion dollars because you put a dude in prison with me and that put an end to it. But it hasn't yet.

[Jack Armstrong]

Takes a while to work its way through the system. I, I would agree. And, and all the poor kids mutilated, they're actually who are caught up in the social contagion in the last several years. There are still a hell of a lot of them that are struggling themselves. They did the right thing because to admit otherwise would be utterly heartbreaking for everybody involved. And so that's part of the reason for the delay in that sort of suit. These. And there have been a handful anyway of the kids who got whisked along the activist pipeline and got their body mutilated and castrated chemically and the rest of it and now regret it. But those lawsuits will come. Got a couple more stories for you. A federal judge has ruled that the Bureau of Prisons. Oh, this is a federal judge. Must provide sex change procedures to a convicted pedophile who recently began identifying, identifying as transgender. Brian Buckingham, 47, serving more than 21 years.

[Joe Getty]

47. Just now determined.

[Jack Armstrong]

You know what? I think I'm a chick. No, but don't.

[Joe Getty]

I've been wrong for half a century.

[Jack Armstrong]

Brace yourselves, folks. He sexually abused his own 10 year old son and produced child porn with the boy.

[Joe Getty]

Murder him, put him to death.

[Jack Armstrong]

Shortly before sentencing, Buckingham began identifying his nanny Love, claimed to be female, then.

[Joe Getty]

Put her to death.

[Jack Armstrong]

And in court filings, the judge said they have to provide gender affirming treatments like hormone therapy because his sexual dysfunction or his dysphoria had worsened his depression and suicidal thoughts. And Magistrate Judge David Crystal ruled that. Yes, that indeed. Tax dollars.

[Joe Getty]

I'll happily refer to her as her as we give her the sodium pentathol.

[Jack Armstrong]

Excellent. I love that idea. And finally, in disappointing news for New Hampshireites, the first openly trans lawmaker in the United States who was hailed as a trailblazer, has admitted to sickening child sex charges involving young kids in a daycare. Former Democratic New Hampshire Rep. Stacey Marie Lawton, a biological male who identifies as female, pleaded guilty to charges including child sexual exploitation to children in Boston. Federal court faces up to 30 years in federal prison. You don't even want to hear what this guy did.

[Joe Getty]

No, I don't.

[Jack Armstrong]

He's sexually confused and sick. That's taken a couple of different forms, including I'm a girl now. It's a mental disorder. Gender bending madness. Update. That was rough. Armstrong and Getty.

[Commercial Narrator]

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.

[Commercial Narrator]

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 Representative]

Best ski and snowboard athletes are chasing medals. Now you can follow their every move. JO 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.

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 an investment recommendation or advice. Complete disclosures [e-mail] Disclosures A new year.

[Commercial Narrator]

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 Post.

[Announcer]

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 2, sponsored by Samsung Galaxy, tips off January 5 on TNT, TruTV and HBO.

[Joe Getty]

Max LeBron James and Steph Curry on.

[Jack Armstrong]

Whether they'll play at the Olympics in Los Angeles in 2028. LeBron James, who will be 43 by that time, saying he won't play.

[Joe Getty]

Steph Curry, who will be 40, saying.

[Jack Armstrong]

It'S unlikely he'll play, but adds, never say never.

[Joe Getty]

So there's a stupid story for you. They teased all throughout the ABC Evening News last night and I stuck around to the end. It worked on me. The tease LeBron James and Steph Curry asked if they'll play for the men's Olympic basketball team. You're not going to like the answer. And I thought, well, I assume you said that, that they're going to say no, but they're old and I was thinking of the Olympics. If it were this year, I'd forgotten that it's in 2028. So it's three years from now. They're already old.

[Jack Armstrong]

What a stupid story. Who is that for you in no.

[Joe Getty]

Basketball fan who wants America to win the gold Medal wants a 43 year old LeBron and 40 year old Steph Curry on the team.

[Jack Armstrong]

But they're big stars, Jack. So. Well, I like the, the tease where he said you're not gonna like the answer because the answer is I don't know. No.

[Joe Getty]

One of the problems with the whole thing is that the top four players, four of the top five players in the world are all play for other countries.

[Jack Armstrong]

So what do you've stolen our game? Time to declare war.

[Joe Getty]

So I mentioned this yesterday essay in the New York Times over the weekend about the whole affordability thing. The a word that is going to be so everywhere until the next election. Affordability. And both, both parties want to try to take the mantle on that and be the, the, the champions of trying to make affordability better. That's what Trump's working on every single day. This essay in the New York Time written by some fancy pants professor. Economists hate this idea. That's kind of funny. You're gonna, you're gonna argue about something that all economists say is a terrible idea. Economists hate this idea. But it could be a way out of the affordability crisis. Price controls. Oh Lord and it argues for why that would work.

[Jack Armstrong]

Trying for the millionth time to push that fraud on humanity. Unbelievable.

[Joe Getty]

And they even in the headline put that economists have decided this doesn't work, but let's try it again anyway, because.

[Jack Armstrong]

It kind of sounds good. Who's with me? So I've assembled a handful of stories about price controls, specifically in terms of real estate and rent. It was funny, I just found out that our, our remodel failed. It's no big deal because they'll fix it and it'll be fine. But one of the things that the inspector said, no, you got to have this contractor has been doing this for many, many moons. Exactly where my house is said, I've never heard of that in my life. That is an example of what it's like to build housing, you know, writ large. But anyway, just to get this out of the way, it's funny, this Wall Street Journal headline hit me. How building affordable housing became the hottest game in la. And what happened was the city decided we need more affordable housing. And so they eliminated a lot of the BS red tape, but only for, quote, unquote, affordable housing, which means all units are for tenants who make no more than 80% of the city's median income, which somebody decided was the proper number. More places across the US are experimenting with similar policies to cut red tape for affordable housing in an effort to ease their yawning housing shortages. Well, what about unaffordable housing or nice housing or luxury housing?

[Joe Getty]

Well, let me just jump in as no, somebody who knows nothing about this.

[Jack Armstrong]

Just at first.

[Joe Getty]

Listen to this story. So most regulations are around safety, some sort of, you gotta, you gotta, you know, use this sort of wood or plaster or cement, and the roof needs to be this high and blah, blah, blah, and all these different sorts of things. You got all the gazillions of regulations, everything like that. And you're saying if it's to build a house for someone who doesn't have much money, we don't need to meet this standard, but everybody else does. Well, that leads me to believe that the standard is not necessary in the first place.

[Jack Armstrong]

Well, or it's the environmental crap. And Cal unicornians are familiar with how this works. Environmental reviews don't exist to protect the environment. They exist so unions can sue and demand a share of the work and more money.

[Joe Getty]

Yes, my argument is the same if, if you're claiming it was for the environment originally when you pass this regulation. Well, obviously it's not that. If you can waive it for people under a Certain income.

[Jack Armstrong]

Right, right. So if you want to build like a normal, regular development, it takes you years, years and years. But if it's affordable housing, we'll cut all the red tape and you can go ahead and build it. What possible sense does that make? Anyway, moving on to this great piece by the editorial board of Journal, how to shrink housing supply in Los Angeles. The city tightens its rent control law. Good luck finding an apartment. Yeah, economic law of supply and demand is simple enough, but LA is defying it again by tightening rent control laws in the name of housing affordability. The result will be as it always, always, always is, fewer apartments and less affordable housing. City restricts rent increases in properties built before 1978, which for some reason is the golden year to the consumer price index. And it can't even be more than 8%, even if the price index goes up 8%. And the rent caps apply to about three quarters of the multifamily housing units in the city. So last week, the City Council voted to lower the cap to 90% of the consumer Price Index with a maximum increase of 4%. So landlords will no longer be able to raise rents to cover an increase in electricity charges, for instance. That means they'll have to eat rising electricity rates caused by the state's destructive green energy policy. But in effect, what happens is they don't eat it because it's a fairly tight profit margin. And so what happens is rent control discourages housing investment and reduces supply. And if landlords can't rent raise rents to cover their costs, including repairs, insurance and utilities, they won't maintain them. They won't fix the leaky pipes or water heater, forget about upgrades, forget about new developments. It doesn't make economic sense to do it.

[Sponsor Representative]

It.

[Jack Armstrong]

So you restrict the number of new units to zero, and you make all the units that exist crappier and crappier.

[Joe Getty]

Yeah, there's no. I don't have rental property, but there's no way I would ever decide to do that if I lived in an area where I don't get to determine the rent, regardless of what market demand is or what, you know, energy costs have become or whatever.

[Jack Armstrong]

Yeah. One, two more notes that I found really interesting. This one is about a case.

[Joe Getty]

And then, of course, if you already own the property, why would you try.

[Jack Armstrong]

To compete to be able to raise.

[Joe Getty]

The rent if you're not allowed to?

[Jack Armstrong]

You just, well, let it be crappy. All right? And if the city says if your unforeseeable costs in the Future go up 10%, you can just raise the rent 4%. Sorry, I'm thinking, no, I got other places to put my money because rental property is risky in several different ways, which we won't get into. But no, that's just not nearly enough. Enough to justify the risk. So, interestingly, there's a lawsuit going on filed in New York City by building owners challenging the city's rent stabilization law, which is similar to what we've been talking about. What they're saying is that rent fixing is an unconstitutional taking under the fifth Amendment because you can't just fine me without me violating the law and breaking a specific law and the rest of it. So they're trying to claim that making me charge subnormal rent or submarket rent is an unconstitutional taking. The courts have rejected that on a number of different occasions. I was corresponding with our good friend Tim Sandifer about that, but he says it's plainly, clearly an unconstitutional taking. It always has been.

[Joe Getty]

Yeah, I don't know anything about that. That's interesting.

[Jack Armstrong]

You shouldn't even have to get there, though.

[Joe Getty]

Again, like that headline in the New York Times. Economists think it's a bad idea. Idea. It's been looked at for years, these ideas. I remember the Washington Post several years back said, sorry, Democrats, but it's just true.

[Jack Armstrong]

Rent control doesn't work.

[Joe Getty]

And the Washington Post laid out why for their readers. It's just a bad idea. I know you think it's a good.

[Jack Armstrong]

Idea, and I don't blame anybody for thinking it's a good idea. I did too, when I was young.

[Joe Getty]

First time I ever heard it. But then when somebody explains you why it isn't, well, then you. You move on.

[Jack Armstrong]

So the Supreme Court has been edging closer and closer to being sympathetic to this claim. I certainly hope they come around. Final example, this one again from New York City, Matt Miller, writing for the Free Press, why New York City has 50,000. 50,000 ghost apartments. Mamdani's Freeze the rent pledge misses the real problem. The rent that landlords can charge often doesn't cover their costs. And of course, he's got to begin with a particular anecdote. Normally, it doesn't take too long for landlords like me to renovate in an empty apartment and list it so that new people can move in and start the next chapter of their lives. But since this particular apartment is rent stabilized, laws that were passed in 2019 essentially prevent me from doing anything with it except shutting the door and keeping it empty. Strict limits on rent increases under the 2019 laws have left an estimated 50,000 apartments like this one vacant across the city because the restrictions on what landlords can charge for these apartments often don't even cover the cost of maintaining them. They become like ghosts. It's like they don't exist at all. And he goes into how Mamdani is going to make it even worse. And then he goes into some of the particulars of it. But the point is, if you rent your apartment, you will be losing significantly more over the longer term than if you just leave it off the market and hope that the rents change. And two years, I'm sorry, And hope that's the laws change in two years or five years or whenever. So you have 50,000 plus empty apartments because it makes more sense for the owner to keep them off the market than to rent them, thanks to rent control. It is obscenely idiotic. It just sounds good to dopey young people who listen to Mom Donnie and people like him. And it's been true forever. I mean, as Jack said, it sounds good to young people who don't understand how markets work. Work. Which is another reason Econ 101 should be a required class in every high school in America, if not middle school. The easy stuff or the simple stuff in economics is super easy to grasp, and it's as true as anything has ever been true. But people fall for the scam over and over again because they think, yeah, I'm voting for that guy because he's going to stick into those green landlords and I can get a super cool apartment for a lot less than they're charging right now.

[Joe Getty]

It's too damn high. Everyone should come out of the high school at least having heard the arguments on both sides of price control, rent control, that sort of stuff. But that's never going to happen in government schools because the government crowd always thinks this stuff is a good idea.

[Jack Armstrong]

Yeah. The greatest illustration of this is, and this is a conversation we had a number of years ago with Tim Sanifer from the Goldwater foundation about gouging and how gouging is a good thing. Like after a hurt. And it's like going to the end of the argument to make it absolutely clear why rent control is a bad idea. The idea being, all right, after the hurricane, Florida chainsaws are going for quadruple their normal price. If I'm Joe's Chainsaws in Georgia, I'm loading up a truck with every chainsaw I can beg, borrow and steal. I'm driving straight to Florida to get those fabulous prices for my chainsaws. Which floods the market with chainsaws because that's where people need them the most. And the price drops almost immediately. And the people who need the chainsaws the most, they go ahead and buy them and the goods flow to where they're needed. Soon the prices level out and everybody's fine. You put a price control on chainsaws can be no more. The Gavin Newsom has done this. The friggin disingenuous lion idiot. You put a price control on chainsaws, you can only charge 10% more than the usual price. Here I am in Joe's Chainsaws in Georgia. I'm sitting there in my in my Georgia chainsaw store and I'm not moving an inch. Why would I so the people in Florida can't get a damn chainsaw. Chainsaw. That's right. Armstrong and Getty.

[Commercial Narrator]

10 athletes will face the toughest job interview in fitness that will push past 50 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.

[Commercial Narrator]

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 Representative]

Best ski and snowboard athletes are chasing medals. Now you can follow their every move. Join ins official U.S. 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.

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 not investment recommendation or advice. Complete disclosures [e-mail] Disclosures A new year.

[Commercial Narrator]

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. 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.

[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 Moore 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 5th on TNT, TruTV and HBO.

[Joe Getty]

Max well, guys, it is such a festive time in New York City, isn't it?

[Jack Armstrong]

Feel great.

[Joe Getty]

It's absolutely freezing out there.

[Jack Armstrong]

It is so cold in New York City. On my way into work, I swear saw a squirrel pouring hot cocoa on his nuts. It is so cold in New York. I saw a Wall street stockbroker spooning with Zoran Mandani and I go, wait a second, it's cold. He did spooning.

[Joe Getty]

Okay.

[Jack Armstrong]

Yeah, yeah, yeah, yeah, yeah.

[Joe Getty]

It sounded like pouring hot cocoa on his nuts often. I can guess the funny donors like friends of mine does. This you, Michael? No, it's got to be. Michelangelo was in with $50 merkin. Machindo Angelo, that sure sounds like you're the one who always brings up the merkin in the chindo. Anyway, they're in for 50 bucks to help scouts. Or in particular, help kids join scouts, which is what we're trying to do. Jack's Heart of Eating foundation for the blind Bland, rather for the bland. In for 50 bucks. I like that one. Can you see my privates?

[Commercial Narrator]

Can you?

[Joe Getty]

Can you? You donated 50 bucks. Can you see my privates? Can you? Kenya? Can you see my privates? Kenya? Kenya. As my son once coming out of the bathtub when he was like four years old, the way little kids are so happy to be naked out of the bathtub is dancing around the table. Can you see my privates? Can you see my privates? Can you?

[Jack Armstrong]

Can you?

[Joe Getty]

Oh. Can you see my privates? Can you? Can you? If he did it now, I'd have to get him into some sort of.

[Sponsor Representative]

Home.

[Jack Armstrong]

Before the cops got there.

[Joe Getty]

Cops got there. Ms. South Carolina, some people don't have maps. Donated 500 bucks. That's a full dolphin right there. It's close to a whale. 500 though.

[Jack Armstrong]

It's pretty good. Dolphins are whales, damn it.

[Joe Getty]

Okay, and then we'll do a total here in a second.

[Jack Armstrong]

Got a couple of emails of note that I thought were absolutely fantastic. One we shared earlier in which Al Anonymous was on a trip to the Northern Tier Scout Camp, Boundary Waters between Minnesota and Canada, which I'll bet is amazing. Pack your bug spray. But had a scout with us who was, let's say, used to living comfortably. Day two, some of the other boys wanted to go 10 miles that day. No way we can go that far, the boy said and talked us out of it. Day eight, when we were out there pretty deep into Canada, had two days to be back at camp and well, the same kid said, well, what if we pushed it to this lake out here? It was twin 26 miles. He said, we'll be able to see more before we get back. When I asked him what changed, he said, Mr. Anonymous, I've. I'm never saying I can't do something ever again. That's just amazing. Awe inspiring.

[Joe Getty]

I've heard so many stories like that, including from my son's own leader with some of the older kids that some of them are already Eagle Scouts, they did a big hardcore thing where they actually had a pack mule to get him down into this canyon and out. And they're really struggling with the mule and in the way that the Scouts do. None of the adults stepped in. They had to figure it out on their own. That's part of the whole learning, leadership, learning to be self reliant, all that sort of stuff. And this scout leader in my son's troop actually said you could see them grow. He said they came back, they almost looked taller coming out of the canyon.

[Jack Armstrong]

Wow. So, and then we got this note from a good, good man and a good friend of the show, Matt the land surveyor, who was an Eagle Scout. And he realized that that meant more on his resume, certainly to one boss than Bachelor of Science. And then he says, to earn the rank of Eagle, a lot of people outside of Scouting probably know about having to earn merit badges and needing to go camping, et cetera. What a lot of people might not know about is the Eagle project and the subsequent border review. The Eagle project is a massive organizational effort and the Young Scout is 100% in charge. You need to come up with the community service idea. Get it approved by several people in the Scouting organization as being big enough and beneficial enough for the community. Then you need to start planning, contacting stores, vendors, organizations. Explain your project, convince them to donate, often hundreds of dollars worth of materials depending on what the specific project is. You also need to worry about getting enough people to show up and donate their man hours to get the actual work done. You also need to document everything you're doing. Pictures, written descriptions. To be able to present your project to a boarder, review and explain it in detail with the board, ask a bunch of different questions. All of this being done by young 15 to 17 year olds and was by far the most daunting part of earning my Eagle Scout. Needless to say, nothing in my four years of college came close to teaching me world real world experience and responsibilities than my Eagle project did.

[Joe Getty]

Wow, that's interesting. I went to my first Eagle ceremony a while back. I talked about it after I was there. Saw this kid that's in my son's troop get his Eagle Scout and the story of the project and then like teachers and coaches and everybody that were there when he got his Eagle, it was really, really cool.

[Jack Armstrong]

And kids need not get to the Eagle Scout level certainly to benefit enormously from Scouting. But we want to make sure every kid who wants to can and money doesn't hold them back. So this is all about scholarships. Go to armstrongegetty.com the donate now button is easy to find. Jack Armstrong and Joe Getty the Armstrong and Getty show.

[Commercial Narrator]

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.

[Commercial Narrator]

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 Representative]

Best ski and snowboard athletes are chasing medals. Now you can follow their every move. Join Insider the official U.S. 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.

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 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 Advisors 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 [e-mail] Disclosures A new year.

[Commercial Narrator]

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. 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.

[Announcer]

Season two of unrivaled basketball is here and the talent is unreal. Paige Beckers, Nafiza Collier, Kelsey Plumber, Brianna Stewart and more are 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.

[Jack Armstrong]

Guaranteed human.