This week, editors Peter Suderman, Katherine Mangu-Ward, Nick Gillespie, and Matt Welch discuss the escalating war with Iran and whether President Donald Trump has any way to bring the conflict under control. The panel examines the deaths of American service members, rising gas prices, attacks on civilian infrastructure, and the lack of a clear objective for a war that has continued despite repeated attempts at ceasefires.

Next, the editors discuss Trump's new tariffs on Brazil and the increasingly incoherent use of trade policy to pursue unrelated political goals. They then examine Trump's primetime address on election security and whether his efforts to change election rules ahead of the midterms should be taken seriously. The panel also considers the growing popularity of democratic socialism, New York Mayor Zohran Mamdani's political appeal, and why voters who support free markets may still embrace socialist politicians. Finally, a listener asks whether fears about artificial intelligence amount to a moral panic.

0:00—Iran war intensifies

12:53—Brazil tariffs and trade war escalation

27:56—Trump's primetime address

38:34—Listener question on AI moral panic

47:44—Mamdani's rising popularity

55:08—Weekly cultural recommendations