On The Record (09-22-26).

This week we put a proper endcap on the summer’s debt discussions—the $40 trillion number is real, but the conversation around it is almost entirely dishonest, designed to make cuts to grandma’s Medicare seem inevitable while military spending and corporate tax rates never even make the list. Then we looked at the housing market, where sellers are quietly stuffing concessions into nearly half of all deals to keep headline prices from falling, which is either a buyer’s market emerging or the last gasp before demand destruction, depending on which generation you’re in.

Chapters

Intro: 00:00:38

Quick Takes: 00:01:41

Max Notes: 00:07:29

Killer Left Take of the Week: 00:21:05

Chart of the Week: 00:21:48

Outro: 00:24:03

Resources

The New York Times: U.S. and China Balance A.I. Risks and Rivalry

The New York Times: Trump Officials Eject 750,000 From Obamacare Markets, Claiming Fraud

Senator Chris Murphy: Why did Russia pay for Donald Trump Jr.’s wedding?