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Jack Armstrong
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Jack Armstrong
Broadcasting live from the Abraham Lincoln radio.
Kristen Welker
Studio at the George Washington Broadcast Center, Jack Armstrong and Joe Getty.
Jack Armstrong
Armstrong and Getty. And now he.
Donald Trump
Armstrong and Getty.
Benny Thompson
I don't want to be breaking up families. So the only way you don't break up the family is you keep them together and you have to send them all back.
Jack Armstrong
There you go. Trump, in response to the inevitable question you say you wanted to poor people, are you going to separate families?
Donald Trump
Always asked from the point of view of it being bad, even though he ran on that, got elected, and 60% of people approve of it. So I just, it just drives me nuts.
Jack Armstrong
I'm, whenever we talk about this, I'm reminded of my youthful idea of living in Germany to, to work and study and stuff like that, because I studied German and thought that might be interesting. And it became clear that there were severe limitations in getting into the country than staying in there. And working was very, very difficult. You had to get permits and stuff like that.
Tim Sandifer
So.
Jack Armstrong
And I accepted that. I thought, well, that's unfortunate, but it is what it is. The idea that I would go to Germany, sneak in, and then when they say, hey, you don't have authorization to be here and you certainly don't have authorization to work, me saying, are you gonna separate me and my family? And what would the Germans say to that? Well, they'd say it in German so you wouldn't understand it, folks. But what it would mean essentially is be quiet and get back in line.
Donald Trump
It's not our problem. We got a bunch of clips, but I thought maybe the most important one that should have gotten a lot of attention but didn't from Trump was when he was asking about the Iran on retribution, he said, I'm really looking to make our country successful. I'm not looking to go back into the past. I'm looking to make our country successful. Retribution will be through success. Okay, there's your Hitler for you. There's your Hitler. There's your, there will never be another election again.
Jack Armstrong
Well, and he has made that point repeatedly, the retribution is how successful we're going to be. That lays it to rest. But it's such a good click baiting narrative. The lion liars in the media and Kristen Welker is their unholy princess. They just can't leave that narrative alone. Stop it. There are real problems with Trump. Quit making stuff up.
Donald Trump
Right?
Jack Armstrong
Yeah. All right, so back to Trump and Welker. A lot of people have enjoyed this clip. It's 37, Michael. They are discussing January 6th. In general, officials say that the order.
Kristen Welker
Never came in for the National Guard on January 6th. Let me ask you this about January 6th.
Benny Thompson
Benny Thompson wrote in a statement that he has destroyed all evidence.
Kristen Welker
Let me ask you this about January 6th.
Benny Thompson
I wish you could be a, if you, you know, you have such potential. If you could be just, just non biased. You hurt yourself so badly. I'm telling you, they deleted and destroyed all the evidence. Everyone knows it. And you slough it off like it doesn't mean anything.
Kristen Welker
No, I'm just saying they deny it. That's all I'm saying.
Benny Thompson
Listen, if I did it, you would be standing up in that chair shouting at me. And you know what I do? I'd say, you got me.
Donald Trump
My main takeaway with that is, okay, you're going to ask him about January 6th again and try to get him to admit to something or whatever. Do you, I assume, Christian Walker, you don't like Trump and don't want him to have power and be elected. You're helping him. You're helping him. Yes, the majority of people are like, whatever, move on to something else. I know a lot of super hardcore Trump haters would love to talk about January 6th for the rest of their lives, but that's not where most of America is.
Jack Armstrong
Well, no, America saw it and they had a choice between Trump and then Biden and then Harris and thank goodness, said we're not electing either one of them. So, yeah, he brings with him that baggage. But let's, let's look to the what, what are we accomplishing by relitigating it? I don't know. And Jack and I were both harshly critical of Trump then and I have not changed my opinion of his activities on the day one iota. I still condemn it. And yet here we are, excuse me, in the year 2024, with a hell of a lot on our plate. Let's get on it. So, speaking of which, Kristen Welker, who again, I should have written out all of my various insulting adjectives I'd had in my head to use for her because I find her obnoxious, smugly one sided and snotty. Just not a good person. Anyway, she brought up the federal minimum wage in clip 39B.
Kristen Welker
I don't know if you remember this, but during the debate in 2020, I.
Jack Armstrong
Asked you if you would raise the minimum wage.
Kristen Welker
You said you would consider it. And so my question for you is now that you are going back to the White house for these 19 states that voted for you, are you going to raise the.
Benny Thompson
It's a very low number. I will agree. It's a very low number. Let me give you the downside though. In California they raised it up to a very high number. And your restaurants are going out of business all over the place. The population is shrinking. It's had a very negative impact. But there is a level at which you could do it. Absolutely.
Kristen Welker
What is that level?
Benny Thompson
I don't know. I mean, I really don't know. I can say this. You have a lot of businesses that are open and thriving because of the lower minimum wage. If you raise it too much and you understand this, California went crazy. They went crazy and people, the restaurants are closing all over. Many more people are hurt.
Kristen Welker
So I hear you saying similarly to.
Jack Armstrong
Sort of what you said in 2020.
Kristen Welker
Will you consider, is this something you're going to look at?
Benny Thompson
I'd want to speak to the governors then. The other thing that's very complicated about minimum wages is places are so different. Mississippi and Alabama and Great Place are very different than New York or California. I mean, in terms of the cost of living and other things. So it would be nice to have just a minimum wage for the whole country. But it wouldn't work because you have places where it's very inexpensive to live where a minimum wage which is $8 or $9 might be, you know, might have very much, very little effect because the cost of living in certain places is really low.
Donald Trump
Oh, this makes me so tired.
Jack Armstrong
I know.
Donald Trump
So first of all, he's the leader of what is now the working class party and raising the minimum wage polls. Well, it's unfortunate. I think with a five minutes of explanation you could explain to a lot of people why it's not actually good for you to raise the minimum wage. But Trump realizes, you know, the party that he's leading. But even when he states to her there's a downside to raising a minimum wage, she just completely blows that off and goes with the next question of obviously it would be good for everyone to raise a minimum wage. I feel Like I should inject here one of, from one of your Thomas Swell so well quotes on Twitter about the minimum wage. The minimum wage law is very cleverly misnamed. The real minimum wage is zero. And that is what many inexperienced and low skilled people receive as a result of legislation that makes it illegal to pay them what they are currently worth to an employer.
Jack Armstrong
Well said. Very succinctly said. Trump frustrates me always because he does just a half assed job. Of what? Of explaining some of the principles that I hold dear. But you know, he is what he is. But the federal minimum wage is. To call it irrelevant is to exaggerate how relevant it is. It is a complete non factor in anyone's life. It's a silly discussion. If states want minimum wages, they should pass them. There is, you know, with the exception of a couple like enslaved immigrants who are probably trying to escape right now and I wish them well, there is nobody in America who is exchanging their labor for a wage that they are unwilling to exchange their labor for. Nobody. If you don't want to do a job at a particular wage, you will not take that job. The idea that the government can somehow, especially the federal government, prop up some sort of minimum, it's just, it ignores everything that is the most fundamental about economics. It's just silly. It's a silly question. I mean it's, it's pretty silly on the state level. On the federal level, it's completely ridiculous. Say you're going to have a minimum wage for Coon Holler, Kentucky. And what is that going to do for the people in Seattle for instance, or la? Nothing. It's just dopey. Kristen. Oi.
Donald Trump
What's the main business in coon hauler?
Jack Armstrong
Squirrel skinning, mostly. Squirrel pelts. Squirrel. Squirrel coats, squirrel hats.
Donald Trump
I make and sell. I make and sell frog gigging sticks.
Jack Armstrong
Oh, you're the jack of Jack's froggy sticks.
Donald Trump
Yes. Jack sticks are very pointy.
Jack Armstrong
My daddy used to tell me, boy, you go frog gigging, son, you don't have jack sticks. You might as well have popsicle stick. Yeah. Anyway, I assume you stab the frogs or something. Let's see, which. What else do we want to play? I like where he calls her hostile and nasty.
Donald Trump
Yeah, let's play.
Benny Thompson
Michael, the press has to straighten itself out because honestly, it's lost all credibility. Based on the press, I should have gotten no votes. None. And yet I got the highest number ever. And the reason is because I'm able to go on a show even like yours, even though you're very hostile. I'm able to go on a show like yours. No, you are.
Kristen Welker
Well, hopefully you thought it was a fair interview. We covered a lot of policy grounds.
Benny Thompson
It's fair only in that you allowed me to say what I say. But, you know, the answers, the questions are, you know, pretty nasty.
Donald Trump
Yeah, but look, that's true.
Benny Thompson
You know, you would think the press would like to see strong borders, great education, a powerful military, so we have a country left and all these different things, but. And somehow they don't want to see that.
Jack Armstrong
As always, I wish I could, you know, be the fly and, or not the fly in the wall, but the voice in Trump's here and have him say, like you've pointed out, Jack, many times, you ask every question from the perspective of liberal Americans. More than half the country is conservative. Ask a question from their perspective once, you might like it.
Donald Trump
Yeah. And on some specific issues like the deportation, there's polling that shows the vast majority. It's an easy. It's a 6040 win for deporting illegals.
Jack Armstrong
Right.
Donald Trump
So why, why ask it from the point of view of the 40?
Jack Armstrong
Speaking of which, she asked every single one of her immigration questions from the perspective of AOC pretending to cry in a parking lot miles away. The phoniness 31. He's talking about, you know, deporting people and, you know, both ends of the equation.
Benny Thompson
You know, the people that have been treated very unfairly are the people that have been online for 10 years to come into the country. And we're going to make it very easy for people to come in in terms of. They have to pass the test. They have to be able to tell you what the Statue of Liberty is. They have to tell you a little bit about our country. They have to love our country. They can't come out of prisons. We don't want people that are in for murder. We have to get the criminals out of our country and we got to do it.
Jack Armstrong
Yeah, we're gonna let the good people in, the smart people we can use, and we're gonna get rid of the murderers. But what about separating families? What the hell?
Kristen Welker
Armstrong and Getty. The Armstrong and Getty Show.
Donald Trump
We got this text out of nowhere. Do you know why hippies wear patchouli oil? So blind people can hate them, too.
Jack Armstrong
Wow, that's, that's beautiful. Here's your freedom loving quote of the day. One of our beloved listeners sent this to us next to a big picture of Captain America. And, and it was Captain America saying this. And I understand this is a speech he gives to buck up Spider man at one point during the movies and I thought boy, this is really eloquent for one of your. One of your comic book movies. Did the scriptwriter write write this? And I did a little digging and no, it's actually a very very close paraphrase of something Mark Twain said.
Donald Trump
Interesting.
Jack Armstrong
But I liked it so much I posted it up in the studio so I could glance at it now and again. I will give you the Twain version which only is only subtly different as.
Donald Trump
Opposed to Captain America. Okay, it does. It does lend a little more gravitas.
Jack Armstrong
Well, unless you're fighting off a mob, then I'd rather have the captain on my side than. Than the scribe. Honestly love.
Donald Trump
Captain America kicks ass.
Jack Armstrong
Twain incredibly eloquent. Captain America definitely stronger on the whoop ass front.
Donald Trump
If you're fighting the Winter Soldier, you want Captain America, not Mark Twain.
Jack Armstrong
I agree completely. Anyway, here's what Twain said. It's a little long, but I love it so much. Maybe we can work in a little email later on. Let men label you as they may. If you alone of all the nation decide one way and that way be the right way. By your convictions of the right, you've done your duty by yourself and by your country. Hold up your head for you have nothing to be ashamed of. It doesn't matter what the press says. It doesn't matter what the politicians or the mobs say. It doesn't matter if the whole country decides that something wrong is something right. Republics are founded on one principle above all else. The requirement that we stand up for what we believe in, no matter the odds or the consequences. When the mob and the press and the whole world tell you to move, your job is to plant yourself like a tree tree beside the river of truth and tell the whole world no, you move Mark effing Twain. A few people understand that's his middle name.
Donald Trump
That's really good stuff. If it's the right cause or thing. Interestingly enough, and maybe I'll explain later why this happened. I was listening to a speech last night. FBI recordings of Jim Jones down in Guyana before he had all those people kill themselves. The Jim Jones cult, that whole thing. He gave a very similar speech there as he had convinced all those numb nuts that the world was out to get them and they were doing the right thing.
Jack Armstrong
I had no idea you'd heard that. I. I knew in my heart of hearts you would come up with some counter argument against that thought.
Donald Trump
I'm not against the knew it. It's just. You just have to have. You just have to just. You know, it works when the cause is right.
Jack Armstrong
Right. But that's irrelevant. I mean as an. As an observation of society, it's 100 correct. As a principle that some people employ it wrongly is irrelevant.
Donald Trump
You're right.
Jack Armstrong
I think it's a moral principle. Both are true. Isn't that a head scratcher? It is. Anyway. Mailbag drop us no. Would you mailbag@armstronggetty.com oh, Matt and Honolulu with really interesting note about the Honolulu getaway pad that those Chinese spies who'd infiltrated New York's government had. Right. But his sign off is he says are One More Thing yesterday on price controls and gouging should be mandatory listening to graduate from high school.
Donald Trump
I would agree.
Jack Armstrong
Thank you for the kind words. You can grab that wherever you like to get. Podcasts Armstrong and Getty. One More Thing. You know, listen to it now and again.
Donald Trump
Speaking of counterintuitive price gouging is a good thing. And that and it makes perfect economic sense. Listen to the One More Thing podcast.
Jack Armstrong
And it's the best thing that can happen for poor people. Yeah. Let's see. Wow, what a contrast, writes Joan Ventura, California. Notice this. On my local freeway off ramp, winner and loser, there is a young man, appears to be of immigrant stock selling bouquets of flowers to cars. Whoever wants some flowers on the way home. And there's a scumbag junkie begging.
Donald Trump
Right, right. That's a. That's a good one. That's a good one. You got people there on the corner. This happens driving out to the farm when I go home sometimes. You got people on the corner selling strawberries. Usually a whole family in the hot sun set up their table, got their, you know, station wagon there selling strawberries. You got people just begging on the street.
Jack Armstrong
Yeah, yeah.
Donald Trump
That's the people that are working their ass off sitting there in the sun selling the strawberries. Can't have much respect for the beggar on the street, he says.
Jack Armstrong
Wouldn't it be ironic if this was a planned social science experiment to see what kind of reactions could be elicited from the drivers? I admit I was guilty of making my opinion known. A big thumbs up to the the winner and down to the loser. Care to put your own caption on this photo? Well, thanks, Joe.
Donald Trump
Quick question for you. What if you happen to miss this unbelievable RA radio program?
Jack Armstrong
The answer is easy, friends. Just download our podcast, Armstrong and Getty on Demand. It's the podcast version of the broadcast show, available anytime, any day. Every single podcast platform known to man.
Donald Trump
Download it now. Armstrong and Getty on demand.
Kristen Welker
Armstrong and Getty.
Joe Getty
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Donald Trump
Oh, such a clutch off season pickup, Dave.
Jack Armstrong
I know, right?
Donald Trump
I was worried we'd bring back the same team.
Jack Armstrong
Oh, no.
Donald Trump
I meant those Blackout motorized shades. MVP of the room.
Jack Armstrong
Blinds.com made it crazy affordable to replace our old blinds.
Donald Trump
Hard to install? No, it's easy.
Jack Armstrong
Even you could do it.
Joe Getty
Nice.
Donald Trump
I installed these and then got some from my mom, too. You fly across the country to do the install?
Jack Armstrong
Nope.
Donald Trump
Blinds.com can do it all.
Jack Armstrong
All she had to do was pick what she wanted.
Donald Trump
She talked to a design consultant for free and scheduled a professional measure and install. Look at you, hall of Fame, son. Oh, I just picked the winning team. They're the number one online retailer of.
Jack Armstrong
Custom window coverings in the world. Oh.
Donald Trump
Blinds.com is the goat. The goat.
Kristen Welker
Shop blinds.com right now and get up to 40% off select styles plus a free professional measure and a 100% satisfaction guarantee. Save up to 40%@blinds.com blinds.com rules and restrictions may apply. The new year's here, it's the perfect time to refresh those household essentials and score some cash back rewards with Colgate. From toothpaste to dish soap, chances are you've got Colgate Palmolive products on your shopping list and in your house. Right now we're talking brands like Colgate Soft Soap, Palmolive, Irish Spring, Fabuloso, and Tom's of Maine. And right now you can get up to a $10 digital Visa prepaid card when you buy up to $30 of Colgate Palmolive products. Here's how it Spend $20 on their products. Get $5 Spend $30 Get a $10 reward. All you do is shop your favorite brands, snap a pic of your receipt and upload it to cprewards.com it's so easy. That's cprewards.com so grab what you need. Or maybe try something new and get rewarded just for doing your usual shopping. And start your year fresh by earning cash back rewards with Colgate Palmolive rewards available while supplies last. Limit Supply US only 1125 through 331 25. For full terms and conditions, visit@CPrewards.com Imagine.
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Kristen Welker
O.Com Jack Armstrong and Joe Getty the Armstrong and Getty Show I remember why.
Donald Trump
Tim the lawyer's name came up yesterday. We're talking about that amazing story of that poor guy. He and his wife are at a Disney property. He says that they told the waiter, look, my wife has peanut allergy or fruit allergy or something like that really bad. So we got, we can't have anything that's touching us or whatever. Anyway, she ends up getting some food that's got the allergic stuff in it and she dies. She actually dies at one of these Disney properties. So he's looking into suing, not for very much money. It was a $55,000, so it's not like one of those, you know, you owe me 10 million dollar things. But anyway, found out that because he had signed up for Disney plus and clicked I agree on the agreement thing at 10:30 at night, once, without reading a word of the agreement, he had agreed to no trials by jury that go after Disney on any way whatsoever. I did. I agreed to that by watching Disney plus and who knew that? And just all these agreements that we all click on every single week on something we haven't got the slightest idea what's in there that needs to be fixed.
Jack Armstrong
That just one of several topics we can't wait to discuss with Tim Sandifer, vice president for legal affairs at the Goldwater Institute, author of a number of fabulous tomes, including, and this will come up in a little while, the Right to Earn a Living, which is all about economic freedom. Tim, welcome. How are you, sir?
Tim Sandifer
I'm just fine. Thanks for having me back.
Donald Trump
Is there some sort of way we can do away with these agreements that we all click on that are 100 pages long and we'd have to hire a lawyer and spend a lot of money to figure out what the hell they mean?
Tim Sandifer
Well, so the legal term for that kind of a contract that they call it a contract of adhesion, which is when somebody holds out this document and says, take it or leave it. Just if you want the thing, you got to agree to it. There's no negotiation. Just go with it. And judges tend to be pretty skeptical of contracts of adhesion because it is a dangerous kind of situation where a person might not know what they're getting into when they sign the agreement. And so I think if you were to try and argue, as Disney is arguing, that because you agreed to a completely different service, one that had nothing to do with the injury that actually occurred because you agreed to arbitration there, now you can't have a trial over here for this other thing. I honestly think that's a hard argument to persuade a judge. And now, of course, it depends on the state. California courts are very hostile to arbitration. They really don't like the idea that you can be required to go to arbitration instead of a court of law. But there are lots of advantages to arbitration, including for people who are suing a business. Arbitration is faster. It's overseen by people who are knowledgeable, legal, you know, judges and lawyers who know what they're doing and tend to be experts in, like, personal injury and business and things like this. Whereas a jury is made up of just the 12 people who showed up for jury duty that day. So there are advantages to going by through arbitration, but forcing somebody into arbitration because they agreed to a completely different service at a completely different time by a boilerplate contract of adhesion. I think judges are going to be really skeptical of that attempt.
Donald Trump
Joe used the example yesterday of a.
Jack Armstrong
I was about to lay that out. I was going to say my daughter who has just started law school has already learned. Well, she's actually working in the law for several years. That it depends is the all purpose answer for every question. That's legal. But the idea that I would get Disney plus to watch the Mandalorian, then I go to Disneyland and Goofy beats me into a coma with a steel rod. And that's not actionable because I signed that. It depends where that happens, I guess.
Tim Sandifer
Yeah. Well, for one thing, you cannot waive your liability for intentional or reckless harm. So you. So Disney is not allowed to say you're never allowed to sue us if Goofy beats you up with a metal rod.
Donald Trump
Oh, good.
Tim Sandifer
They can require you to go to arbitration instead of a legal court. If you have a dispute over Disney as part of the user agreement. And you do have what lawyers call the duty to read before clicking the button, it is. You are legally bound by these things and you have to be honest.
Donald Trump
Wow.
Tim Sandifer
Because otherwise modern industry would collapse.
Donald Trump
Duty to read. But so like you, you don't have kids, but if you had kids, you go to the jump atorium like I do where they jump on the trampolines and you have to sign a waiver before your kid can jump on the trampoline and you go over to the waiver and it's like 30 pages long and I and every other parent there just scrolls to the bottom clicks. I agree. And your kids put on their socks and they go jump. Now you as a lawyer, would you read all that stuff or what would you do?
Tim Sandifer
You absolutely have to read all this. Now I will say there's actually a case directly on that issue from New Jersey from a few years ago where the kid wanted to go to the skateboard park. Mom goes, takes the kid to the skateboard park. They require him to sign the parent to sign this waiver. And the court said that the waiver was not binding because you cannot expect a parent to resist the begging of a child.
Jack Armstrong
Amen to that is so ludicrous.
Tim Sandifer
It's like, oh, I don't have any responsibility at all because I can't control.
Donald Trump
My kid, you know?
Jack Armstrong
No, you don't understand. It's the begging doctrine goes back centuries. So I'm picturing Tim, I'm picturing the alternative. There we are at the Jumpatorium and I'm reading this pages of contract and I Say, oh, wow, son. Paragraph 13. Highly. Probably. Give me a second here. I bust out my cell phone. I called her legal department. Oh, son. Turns out they're a subsidiary of Paramount Attractions. Anyway, I need legal, please. Your legal department. Yeah, I'll wait. Thank you very much. Then, you know, an hour later. Yeah, yeah, yeah. Paragraph 13, specifically. You'll get back to me? Okay. All right, son. We've got to wait a while. I mean, come on, we're going.
Donald Trump
Go, Go back home. Because I am not happy with 14C. I mean, that's just so. That's so unrealistic. You just said you've got to read that stuff. Nobody's ever going to do that, Tim. It's impossible.
Tim Sandifer
You know what they call that, Jack? They call that responsible citizenship. That. That's your obligation.
Jack Armstrong
So it's when you're handed a big.
Tim Sandifer
Contract to read it before you sign it. So you know what you're doing?
Donald Trump
Nothing. You're. You're. You're a libertarian. So this is one of the reasons your name came up yesterday. I was thinking, so is this a free market solution, in theory, that we parents would not click. I agree. And we would not jump there, and so the jumpatorium across the street that doesn't have such a long agreement thing would get more business. Is that the only hope that the.
Tim Sandifer
Answer is mostly yes. Now, the reason why it's not entirely yes is because, as I said, you cannot waive your liability for reckless or intentional harm to somebody. So you cannot put into that contract, like, I'm allowed to shoot you in the head or something, you know, but you can waive liability for an accident. I mean, that's. Everybody knows that there are risks associated with things. And. And the person who chooses has to bear that.
Donald Trump
Well, yeah, it's funny. I'm on both sides of this issue, actually, because the reason they need to have those long legal agreements is because of stupid rulings that have come out. And. Yeah, my kids jumping on a trampoline. And sometimes when you jump on a trampoline, you break your arm. And it's not the fault of the damn business. It's just something that comes with jumping on trampoline. So you should.
Tim Sandifer
Alternative to. The alternative to letting businesses waive their liability is you don't get trampolines at all.
Donald Trump
Right, right, right, right.
Jack Armstrong
So then if Goofy were to beat me down with a metal rod, that's one case. If Dumbo, for instance, saw a mouse and panicked and trampled me, that. That would be entirely different.
Tim Sandifer
Would be an entirely different matter because it depends. Now, here's another important point. Is that a lot of crime I mentioned, California courts really hate arbitration. And the reason why is because they tend to think that arbitration favors them. Evil big business. And that's bad. And we need to protect people against evil big business. And yet the same people who are hostile to arbitration are often perfectly fine with administrative agencies holding hearings of their own where they are the people and the government agencies, the judge as well as the prosecutor, they're perfectly fine with that. They don't see that as unfair. They just see arbitration as unfair. That's really inconsistent. It drives me crazy.
Jack Armstrong
Well, that's because they don't have principles. They take on and put on and take off their principles like windbreakers on the left. It's in a third of California laws you know exists to enrich trial attorneys. But Tim Sandifer of the Goldwater Institute joins us. Tim has been a leading voice of economic freedom for decades now in the United States. We're all getting old. Tim, I don't know if you've noticed. Help us understand why this, this policy of ending corporate greed and gouging is so stupid.
Tim Sandifer
Yeah, it really is stupid. And it is incredibly counterproductive. Price controls equal shortages. And the reason why is because you have to understand how prices work. People have this idea that prices are just sort of arbitrarily slapped on things and that it's just greedy people putting numbers on things. And that's not what prices actually are. Prices are signals. When you see a price tag, think of it as something like the speedometer in your car. It's just measuring something, that's all. It's not, it's not somebody trying to rip you off. It's telling you how much resources, how much work, how much raw materials and things go into a product as compared to the other things that the labor or raw materials could have been used for. That's all the price is. So when a price goes up and you. And then you come in with the government, prohibit people from charging what the thing actually costs, all you're doing is silencing that signal, which causes confusion throughout the entire economy and has terrible ripple effects. And it is absolutely true that you cannot just control the price of one thing. If you try to control the price of one thing, then people are going to turn their resources into some other thing, and then you have to control the price of that also. So, for instance, if you were to try to limit the price that milk could be, could be sold at, the dairies are not going to make back the money that they need to keep operating if they sell milk. So instead they'll start making cheese and they'll start charging more for the cheese. So then you have to control the price of cheese. So then they start making yogurt. So now you got to control the price of yogurt. And, and it keeps going on and on that. So it's a terrible idea that causes shortages because if I don't know that I could make a whole bunch of money by, you know, making and selling plywood, then I'm not going to make and sell the plywood. And now people can't get the plywood. And the reason why is because I didn't get the signal, because the government prohibited people from telling the truth about what the prices are. And that's, that's all price controls are, as it habits people from telling the truth about what things actually cost. And the reason the government does that is because it's the one at fault for raising the prices to begin with. And it doesn't want people to know that. So it tries to silence it by blaming businesses for charging what things are actually worth when the government is the one responsible for making your dollars worth less to begin with.
Jack Armstrong
Well, and it's 100 or maybe 10,000 times more complicated, as anybody who's ever read I pencil could tell you, because that dairy farmer that you used as an example, what if all of their costs stay the same, but because of some sort of shock in oil prices, the TR that bring their milk to market become much, much more expensive to use. Then the government is involved in trucking prices and shipping prices and soon gasoline prices and the rest of it. It's doomed. It's. And everybody.
Donald Trump
Exactly right.
Jack Armstrong
Yeah. You know, I offered up a paraphrasing of your explanation of why gouging, quote, unquote, gouging is not a bad thing. I use the example of chainsaws after a hurricane, but I wasn't nearly as eloquent or knowledgeable as you would be. Can you give us the 32nd version of that?
Tim Sandifer
All that the prices do. When the prices and people start charging $100 to use a chainsaw because of the hurricane, all that does is signal that there's a lot of demand for hurricanes, a lot of demand for chainsaw. And so all the chainsaw companies see that signal, they're like, oh gosh, we need to ship a whole bunch of chainsaws down to Florida or whatever. So then they do. Now, if you, if you prohibit that, if you prohibit People from sending that signal. If you silence the truth about prices, which is what price controls do, then the chainsaw companies never see that message. They never really, they might as well sell their chainsaws in Nebraska or Washington state. So you got a whole bunch of chainsaws in Nebraska and Washington state and you don't get them down in Florida where you actually need them because the prices weren't allowed to go up. So nobody got the signal that that's where they need to send their, their chainsaws. This, it's a simple matter, but it gets obscured because politicians want to fool you into thinking that businesses are evil and greedy when they're the ones that are out there printing money as if it's no problem at all making all of your dollars worth less, which means people have to charge more to get what things are worth. And then the government doesn't want to admit that it's the one at fault. Harris, for example, having been the tie breaking vote in favor of the Print the Money act. And so she wants to confuse people about that by blaming businesses and silencing the truth about price.
Donald Trump
You know, that's one of many economic principles that the first time I ever heard it I was like, oh, okay, that makes 100% sense and changed my mind completely. It troubles me that a lot of this stuff polls so well, the punishing gouging or whatever.
Tim Sandifer
Unfortunately government gets away with it all the time. You asked about whether it's legal and I'm sorry to say that courts have allowed various forms of price control since at least 1876. So unfortunately, there are ways that the government can do this. Just take one example, is so called march in rights. This is a provision in federal patent law that says that if the government decides it wants to, it can allow some other company to use your patent without your approval. And most recently the Biden administration has proposed using this power to impose price controls by saying, well, with this medicine it costs too much. We're just going to basically eliminate the patent rights. Well, if you eliminate the patent rights, nobody's going to invest money in developing new kinds of medicine. What a terrible idea. Truly killing the golden goose. And yet that is being put forward as modern advanced economic thinking by a bunch of people who would flunk basic economics if they had ever bothered to take it.
Jack Armstrong
Well, we'll be looking to pummel these ideas with both of our fists, all four of our fists in the days and weeks to come. And we hope we can stay in touch. Tim, this is, it's, it's frustrating to me that a lot of this is not counterintuitive, but it takes a while to explain to people. Once you do, the light bulb goes on and it's, it's very easily understood. But for whatever reason, it takes a little explaining, and that's tough in politics. But great to talk to you, Tim. Thanks a million.
Tim Sandifer
Thanks, guys.
Jack Armstrong
Yeah, Tim Sandifer, vice president for legal affairs at the Goldwater Institute. Look for his books and read them. They're terrific.
Donald Trump
That explanation for why gouging is good in an emergency, for instance, you know, changed my mind instantly. It's like, oh yeah, that makes perfectly good sense. And I've never really thought about it since. Same as when my dad explained to me, well, socialism doesn't work, because socialism sounded good to me as a child when I was like 10, he said, but then nobody would work very hard if everybody gets the same result. Oh yeah, you're right. And then that was it. And I just wish we could get that information out to more people.
Kristen Welker
Armstrong and Gettysburg.
Joe Getty
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Joe Getty
Odoo is business management made so simple a kid could explain it.
Donald Trump
Sometimes business software can't talk to other programs. But Odoo, funny word, has every program.
Jack Armstrong
From CRM to HR to accounting in one platform. It should cost a lot, but it doesn't.
Donald Trump
So you should use Odoo because they save you money.
Joe Getty
Odoo makes a lot of sense, but doesn't cost a lot of sense. Sign up now@odoo.com that's o d o o.com Good job.
Donald Trump
Thanks.
Kristen Welker
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Donald Trump
You know I'm gonna do this first. So yesterday I'm coming out of the grocery store last night and I'm in line behind this woman and she is older woman like quite a bit older. She's like 70 or something like that. It and she they said you want to help out with your bag? She said no, I think I got it. I think I got it under control.
Jack Armstrong
Don't worry about me.
Donald Trump
And then she's got her bags and she's walking outside. Then she passes somebody, I'm right behind her, who's got a. A Santa hat on which I like to wear this time of year. She said, oh, I love your hat. Purple. That's cool. You don't usually see purple. Then she walks out and she says hello to some other people, a person with a big smile on her face. And I thought, I was thinking about what you always say about how much of your personality is just built into you in terms of. Because we do all these different studies or recommendations on how to have a better mood or be optimal optimistic or whatever. I thought, she is not doing any of that stuff. She was just born that way. I mean, she was so much more friendly in a five minute period. Five minute, the 60 second period of me being behind her than I am in a month.
Jack Armstrong
Right. Well, she either like just escaped death or just got released from prison or. Yeah, she had a couple eggnogs before she went shopping or she's just built that way. Good for her. That's wonderful.
Donald Trump
Yeah. And I just thought, I wish I was more like that, but I'm not. Is there anything I can do about that? I don't know. I really don't know.
Jack Armstrong
Yeah, I. Yeah.
Donald Trump
And then I got into the percentages of. Because sometimes, and we've all done this where you're like in a bad negative mood and something snaps you out of it and you realize that you were in a bad negative mood and they were, you know, looking at things in the worst possible way or whatever. So there is something to attitude or having some control over it. So I was trying to think, is it like 9010, 60, 40. Where do you think it is in terms of how much you can control that?
Jack Armstrong
I've always said that you can play with like 20% around the margins. I haven't thought seriously about it, but yeah, you, you come into the world with a particular mindset and you can, you can speed it up some or slow it down some, but a guy like you is never gonna be like her. No again, unless you escape death or are just released from prison. And that won't last more than like a week.
Donald Trump
No, no, no, no. It's like after I got through with cancer and it had like no effect on me. And I've talked to other people who were like really hoping this was gonna be one of those. And never after, after that, I. For the rest of my life I had this attitude of Bible. No, I didn't have happen. I've talked to other people felt the same way the car crash, cancer, whatever it was and didn't change them a bit. They're still the same sortless negative person they were before.
Jack Armstrong
That is simultaneously really disturbing and really reassuring. I don't know. I don't know which.
Donald Trump
Right. So I don't know what is he.
Jack Armstrong
Going to hat purple.
Donald Trump
You don't see that very often. That's great. I just thought, okay, wish I was like you. But I'm not.
Jack Armstrong
I admire it and I hate it.
Donald Trump
Right. Both. Both.
Jack Armstrong
I'm strong in Getty.
Donald Trump
The reality is is this is fabulous.
Kristen Welker
I thank you.
Benny Thompson
That's enough of that. This is all crazy.
Donald Trump
It's just the way it is.
Jack Armstrong
Yep, but damn it, we weren't allowed.
Donald Trump
To ask about the big guy.
Benny Thompson
This is the United States of America.
Jack Armstrong
God's sake, let's not play games with this. This is the Armstrong and Getty show. At Ameca Insurance we know it's more than just a car. It's the two door the coupe that was there for your first drive, the hatchback that took you cross country and back. And the minivan that tackles the weekly carpool for the cars you couldn't live without. Trust Ameca Auto Insurance. Ameca Empathy is our best policy.
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The holidays are here and so is the Ikea Winter Sale. Now's your chance to make the holidays a little more magical and less expensive. Save up to 50% off on select items in store and online now through January 7th. Plus IKEA loyalty members get an extra 10% off on sale items offer. Valid in the US through 17 mall supplies. Last selection may vary by store and online. See store in ikea-usa.com wintersale for complete terms. Restrictions apply. The New Year's here. It's the perfect time to refresh those household essentials and score some cash back. Rewards with Colgate Palmolive. From toothpaste to dish soap, chances are you've got Colgate Palmolive products on your shopping list and in your house. House. Right now we're talking brands like Colgate Soft Soap, Palmolive, Irish Spring, Fabuloso, and Tom's of Maine. And right now you can get up to a $10 digital Visa prepaid card when you buy up to $30 of Colgate Palmolive products. Here's how it Spend $20 on their products get $5 spend $30 get a $10 reward. All you do is shop your favorite brands, snap a pic of your receipt and upload it to cprewards.com it's so easy. That's cprewards.com so grab what you need. Or maybe try something new and get rewarded just for doing your usual shopping. And start your year fresh by earning cash back rewards with Colgate Palmolive rewards available while supplies Last, limits apply US only 1125 through 33125 for full terms and conditions, visit cprewards.com this is Ashley Iconetti from the Ben and Ashley I Almost Famous podcast. Did you know that Future Health can help make weight loss resolutions come true? Future Health makes access to quality doctors that know GLP1s easier than ever and for less than $3 a day.
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Armstrong & Getty On Demand: The A&G Replay Thursday Hour Four
Release Date: January 2, 2025
Host: Jack Armstrong & Joe Getty (iHeartPodcasts)
In this episode of Armstrong & Getty On Demand, hosts Jack Armstrong and Joe Getty dive deep into pressing political and economic issues, engaging in spirited discussions and debates. The conversation takes a satirical turn with an impersonation of former President Donald Trump, adding a layer of humor and critique to the topics at hand. The episode also features a special guest, Tim Sandifer, Vice President for Legal Affairs at the Goldwater Institute, who provides expert insights on economic freedom and legal matters.
Timestamp: [03:06] - [05:03]
The episode kicks off with a heated exchange involving a Trump impersonator discussing the contentious issue of family separation at the border.
Donald Trump Impersonator:
"I don't want to be breaking up families. So the only way you don't break up the family is you keep them together and you have to send them all back."
[03:22]
Jack Armstrong challenges this stance by questioning the practical implications of keeping unauthorized immigrants in the country.
Jack Armstrong:
"Are you gonna separate me and my family? And what would the Germans say to that?"
[03:36]
The discussion highlights the complexities and emotional toll of immigration policies, emphasizing the balance between compassion and legal enforcement.
Timestamp: [05:27] - [07:47]
Armstrong and Getty scrutinize media portrayals of the January 6th Capitol riot, criticizing journalists like Kristen Welker for what they perceive as biased narratives.
Donald Trump Impersonator:
"My main takeaway with that is... the majority of people are like, whatever, move on to something else."
[06:19]
Jack Armstrong expresses frustration over the ongoing media focus on January 6th, arguing that relitigating the event distracts from more pressing issues ahead of the 2024 elections.
Jack Armstrong:
"I have not changed my opinion of his activities on the day one iota. I still condemn it."
[05:03]
The segment underscores the tension between media coverage and political discourse, questioning the impact of such narratives on public perception.
Timestamp: [07:47] - [11:44]
A significant portion of the discussion revolves around the federal minimum wage, with varying opinions on its efficacy and impact on the economy.
Kristen Welker:
"During the debate in 2020, I asked you if you would raise the minimum wage... are you going to raise the [minimum wage]?"
[07:52]
Benny Thompson:
"It's a very low number. In California, they raised it up to a very high number. Your restaurants are going out of business all over the place."
[08:03]
Donald Trump Impersonator:
"The minimum wage law is very cleverly misnamed. The real minimum wage is zero..."
[10:18]
Jack Armstrong vehemently opposes federal minimum wage increases, arguing that they disrupt local economies and ignore regional cost-of-living differences.
Jack Armstrong:
"If states want minimum wages, they should pass them. The federal government... it's just silly."
[10:18]
The hosts advocate for state-level solutions over federal mandates, emphasizing economic principles and the drawbacks of uniform wage policies.
Timestamp: [24:23] - [38:53]
The conversation shifts to the pervasive issue of lengthy legal agreements that consumers are often forced to accept without thorough understanding.
Donald Trump Impersonator:
"Is there some sort of way we can do away with these agreements that we all click on that are 100 pages long?"
[25:59]
Tim Sandifer:
"Contracts of adhesion... judges tend to be pretty skeptical of contracts of adhesion because it is a dangerous kind of situation where a person might not know what they're getting into when they sign the agreement."
[26:08]
Jack Armstrong uses relatable examples, such as waivers at trampoline parks, to illustrate the impracticality and legal challenges of enforcing such agreements.
Jack Armstrong:
"If you would get Disney plus to watch the Mandalorian, then I go to Disneyland and Goofy beats me into a coma with a steel rod. And that's not actionable because I signed that."
[28:13]
Tim Sandifer explains the limitations of these agreements, highlighting that intentional or reckless harm cannot be waived, thereby offering consumers some protection.
Tim Sandifer:
"You cannot waive your liability for intentional or reckless harm. So Disney is not allowed to say you're never allowed to sue us..."
[28:29]
The segment delves into consumer rights, legal protections, and the challenges of navigating complex legal documents in everyday transactions.
Timestamp: [33:05] - [38:46]
A pivotal discussion with Tim Sandifer focuses on the detrimental effects of price controls and government intervention in the economy.
Tim Sandifer:
"Price controls equal shortages. Prices are signals... When the government prohibits people from charging what the thing actually costs, it causes confusion throughout the entire economy."
[35:14]
Using practical examples, Sandifer illustrates how price controls distort market signals, leading to resource misallocation and shortages.
Tim Sandifer:
"If you prohibit people from sending that signal... nobody got the signal that that's where they need to send their chainsaws."
[35:59]
Jack Armstrong and the Trump impersonator echo Sandifer's sentiments, criticizing government policies that interfere with free market dynamics.
Donald Trump Impersonator:
"The minimum wage law is very cleverly misnamed. The real minimum wage is zero..."
[37:29]
The discussion underscores the importance of economic freedom, market signals, and the adverse consequences of regulatory interventions.
Timestamp: [42:55] - [46:15]
The hosts share personal stories and reflections on human behavior and attitudes, maintaining the show's signature blend of humor and seriousness.
Donald Trump Impersonator:
"I wish I was more like that, but I'm not. Is there anything I can do about that?"
[44:09]
Jack Armstrong:
"I'm strong in Getty."
[45:55]
The episode concludes with Armstrong and Getty reiterating their commitment to discussing critical issues and encouraging listeners to engage with their content.
Immigration Policies: The debate on family separation and the balance between compassionate policies and legal enforcement remains divisive and emotionally charged.
Media Influence: Continuous media focus on events like January 6th can overshadow other significant political and economic discussions.
Minimum Wage: Federal minimum wage increases are criticized for not accounting for regional economic disparities, advocating for state-specific solutions.
Consumer Rights: Lengthy and complex legal agreements pose challenges for consumers, highlighting the need for greater transparency and understanding.
Price Controls: Government-imposed price controls disrupt market signals, leading to shortages and economic inefficiencies.
Economic Freedom: Emphasizing free-market principles and the importance of allowing market signals to guide resource allocation and economic decisions.
Donald Trump Impersonator:
"The minimum wage law is very cleverly misnamed. The real minimum wage is zero."
[10:18]
Tim Sandifer:
"Price controls equal shortages. Prices are signals... When the government prohibits people from charging what the thing actually costs, it causes confusion throughout the entire economy."
[35:14]
Jack Armstrong:
"If states want minimum wages, they should pass them. The federal government... it's just silly."
[10:18]
This episode of Armstrong & Getty On Demand offers a robust exploration of current political and economic issues, blending expert analysis with engaging dialogue. Through incisive critiques and informed perspectives, the hosts and guests challenge prevailing narratives and advocate for policies grounded in economic freedom and consumer rights. Whether discussing immigration, wage policies, or the intricacies of legal agreements, the episode provides listeners with a comprehensive understanding of the topics shaping today's socio-political landscape.