The Michael Knowles Show - Ep. 689 - The Visible Fist Of The “Free Market”

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00:00:30.000 The Reddit revolt has cost short sellers, institutional investors,

00:00:36.520 more than $70 billion so far this year.

00:00:40.340 This year hasn't been going on for very long.

00:00:43.240 This all part of the GameStop madness, the Dogecoin madness,

00:00:47.140 and most importantly of all for our politics,

00:00:50.140 as a result of the established platforms, the big institutions pushing back.

00:00:57.480 We'll get into it.

00:00:58.060 I'm Michael Knowles.

00:00:58.660 This is The Michael Knowles Show.

00:01:00.000 Welcome back to the show.

00:01:08.060 My favorite comment yesterday from Kerbal Air Force, who says,

00:01:11.560 I have dubbed this outsider trading.

00:01:15.120 That's the thing.

00:01:16.340 You know, when we talk about insider trading, we say people who have sort of secret knowledge that

00:01:20.960 they shouldn't have and they make money and it's illegitimate.

00:01:23.540 Well, there's another kind of insider trading.

00:01:25.460 It's people who are on the inside, who are in the giant financial institutions,

00:01:29.300 who are cozy with the regulators, who are cozy with the tech apps that are the broker dealers that allow you to make these trades.

00:01:35.720 And then there are the outsiders.

00:01:36.960 These rapscallions on Reddit and other retail investors who, when they try to use the same strategies that the institutional investors do,

00:01:46.800 they get completely shut out, can't have those peasants making too much money at all.

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00:03:09.920 We went into some detail on what was going on in the markets yesterday because what's going on in the markets,

00:03:16.720 more so than usual, is reflecting what's been going on in our politics, not just for the last two months, but for the last four years, five years.

00:03:25.020 What happened yesterday is a bunch of people on Reddit gathered together.

00:03:30.720 They saw that a big hedge fund had a massive short position on GameStop, which is not a valuable company in and of itself,

00:03:37.740 but the institutional investor had this short position, meaning they were betting against the stock.

00:03:43.900 So all these Reddit guys went in and put their money on GameStop, GameStop rather, GameStop stock, and that drove the price up.

00:03:54.240 As the price went up, the people with the short positions have to shell out more and more money,

00:03:58.180 and the premise of these Redditors is they were willing to remain completely insane longer than the financial institutions could remain solvent,

00:04:09.040 and this would result in them making a bunch of money.

00:04:12.060 So it was all going according to plan.

00:04:15.660 GameStop hit up to, I think, $460.

00:04:17.820 There were other not very valuable companies that were also going through the roof, companies like AMC, BlackBerry, Nokia.

00:04:25.160 And then Robinhood, which is the retail investing app, stopped letting people buy the stocks.

00:04:34.460 They just cut it off.

00:04:35.600 You could sell, you were allowed to sell, because selling helped all those institutional investors, but you couldn't buy.

00:04:41.300 And so you're, you're, if you're an actual day trader, if you're going in and you're, you're really banking on this to make money,

00:04:47.900 and it's not just some kind of frivolous thing, what Robinhood did was prevent your ability to, to make money,

00:04:53.520 and really, really could have cost you a lot of money, too, seemed totally unprecedented.

00:04:57.960 I mean, especially because you're talking about the combination of big tech, this kind of retail investing.

00:05:02.580 So the CEO of Robinhood goes on CNBC.

00:05:05.160 CNBC anchors sitting there and says, what on earth are you, please tell me what's going on today.

00:05:09.760 And the CEO didn't have a great answer.

00:05:12.940 Explain what happened today.

00:05:15.720 Thank you for having me on the show again, Andrew.

00:05:19.540 So what happened today was, as you pointed out, we had to make a very difficult decision.

00:05:25.920 It's been, it's been a challenging day.

00:05:29.080 We made the decision in the morning to limit the buying of about 13 securities on our platform.

00:05:36.340 So to be clear, customers could still sell those securities if they had positions in them.

00:05:43.620 And they could also trade in the thousands of other securities on our platform.

00:05:48.480 So it was a difficult decision.

00:05:51.760 And, and that's what we had to do as part of normal operations.

00:05:56.360 Hold on, wait, hold on there.

00:05:57.820 I was sort of with you until the end.

00:06:00.460 You said this was a very difficult position, very difficult decision rather.

00:06:05.380 And, and so therefore one might imagine it was a sort of unusual position that he was in.

00:06:10.620 And then at the end he says, but this was part of normal operations.

00:06:15.440 Part of normal operations.

00:06:16.920 Nothing about what happened in the markets yesterday was normal.

00:06:19.480 And there is absolutely nothing normal about telling your customers that they can't buy the stocks they want to buy.

00:06:27.000 And they can't buy the positions in the, in, in the market that they want to buy.

00:06:30.920 Of course not.

00:06:32.420 Now the, the word customer here is a little interesting because we all think of ourselves,

00:06:36.800 if you're using a retail investing app, you think that you're the customer, but you're not the customer.

00:06:40.840 You're not really paying for this sort of thing.

00:06:42.860 Who are the, the, the customers are the people within the financial establishment.

00:06:48.000 And I love, I love his excuse.

00:06:50.420 He goes, yeah, there were 13 assets that you weren't, you weren't allowed to buy positions in.

00:06:54.340 It was very difficult, but you could buy positions in all the other ones.

00:06:57.860 You know, you couldn't buy, buy positions in the, the assets where you would have made money,

00:07:02.080 but you, but you could buy other stuff.

00:07:04.680 Why can't, what's the big deal?

00:07:06.500 You could still buy positions in assets that might lose you money,

00:07:09.900 just not the ones where you could have made historic gains.

00:07:12.920 No big deal, right?

00:07:13.960 So this, to the, the guy on CNBC, to his credit, uh, this was not good enough.

00:07:17.840 So he says, uh, hold up, wait, what, uh, come again.

00:07:20.560 But explain then why did you do this?

00:07:23.240 What did, did the SEC call you and tell you you had to do this?

00:07:26.700 Was there a problem inside the company in terms of liquidity,

00:07:30.240 in terms of the amount of deposits that you had, uh, to, to put it in front to the exchanges?

00:07:35.020 What led to this?

00:07:36.860 Sure.

00:07:37.380 And let me, let me explain exactly how this works.

00:07:40.300 Um, oh, first of all, I want to address some of the misinformation that's been out there

00:07:45.520 because there's a lot of it.

00:07:46.940 Um, we absolutely did not do this at the direction of any market maker or hedge fund,

00:07:54.060 uh, or anyone we route to or other market participants.

00:07:57.880 Uh, the reason we did it was because, uh, Robinhood is a brokerage firm.

00:08:02.440 Uh, we have lots of financial requirements, including SEC net capital requirements and

00:08:09.480 clearing house deposits.

00:08:10.800 So that's money that we have to deposit at various clearing houses.

00:08:14.680 So some of these requirements, uh, fluctuate quite a bit based on volatility in the markets

00:08:21.200 and they can be substantial in the current environment.

00:08:25.240 Okay, fair enough.

00:08:27.020 So, you know, all of the kind of financial jargon aside here, what he seems to be saying

00:08:31.340 is, yeah, we, we needed more money than we had.

00:08:34.820 We needed more cash than we had on hand.

00:08:37.060 So, you know, we had to shut this down.

00:08:38.360 But then the interviewer goes on, he says, so this is a liquidity issue, right?

00:08:41.460 This is just an issue.

00:08:42.460 You didn't have enough cash.

00:08:44.120 And, and the CEO of Robinhood says, no, no, it wasn't a liquidity issue.

00:08:47.740 No, it's all good.

00:08:48.400 It's all good.

00:08:48.880 It's not that it's, but we definitely didn't do it at the behest of any institutional investors

00:08:53.780 or hedge funds or market makers or people.

00:08:56.460 It was just, just normal, normal operations.

00:08:59.780 And that's why it was such a difficult decision.

00:09:03.060 Uh, not very convincing.

00:09:06.960 I don't know anything about the inner workings of Robinhood.

00:09:10.060 And I don't know very much about the financial services industry either.

00:09:14.940 But I know that that answer did not convince the guy on CNBC.

00:09:18.580 And I don't think it convinced anyone else either.

00:09:20.920 However, this seems rigged.

00:09:24.800 It just seems rigged.

00:09:27.400 It, it, it is something that, uh, I think has been a long time coming for people in politics

00:09:33.920 because while I'm getting a great deal of enjoyment out of the craziness of the markets

00:09:37.300 and how funny this is and all the memes and everything, there, there's a new one.

00:09:42.020 They, they actually now are running up the price of something called Dogecoin, which is

00:09:45.200 just a meme.

00:09:45.860 It's like a fake cryptocurrency and they ran that price up.

00:09:48.120 And now I think they're, you're, you're not even allowed to buy that now.

00:09:50.520 All of this manipulation of the markets, this is forgetting us for a second, the, the

00:09:57.440 stocks themselves and the assets themselves.

00:09:59.740 The right has needed a reckoning on this for some time.

00:10:03.820 We on the right love markets.

00:10:06.700 We love free markets.

00:10:08.020 We think free markets are, are a wonderful tool for human flourishing.

00:10:12.600 Totally.

00:10:13.120 Some people on the right, however, have made an idol out of free markets.

00:10:18.300 A free market is not merely an instrument to their broader political ends.

00:10:22.760 The market has become the end in and of itself.

00:10:25.880 And that is ridiculous and sophomoric, but also just deeply, deeply wrong because, and we've

00:10:34.860 had this conversation with regard to speech. 0.93

00:10:36.800 We'll have it now with regard to markets.

00:10:38.220 There is no such thing as a perfectly free market.

00:10:42.320 It doesn't exist.

00:10:43.240 Just like there's no such thing as perfectly free speech.

00:10:45.320 There are always limits on it, whether it's limits on fraud or limits on threats or limits

00:10:49.680 on sedition or limits on obscenity or limits on this, that, or the other thing, which has,

00:10:56.040 have always existed in every single society and always will.

00:10:59.000 There is no such thing as the perfectly free market.

00:11:01.500 There are constraints on the market.

00:11:02.720 You saw this yesterday.

00:11:03.680 Yesterday, sometimes we like to use the phrase of Adam Smith, we talk about the invisible

00:11:07.980 hand of the free market, which to me is sort of magical thinking.

00:11:11.780 And there, there's some use of that, that image, but it's, it's not, you know, a religious

00:11:16.760 fact.

00:11:17.320 And I think people have turned it into a religious idol.

00:11:21.180 Yesterday, we did not see the invisible hand of the free market.

00:11:23.680 We saw the visible fist of a rather unfree market.

00:11:28.800 Now I, I pointed this out and someone actually had the audacity to say yesterday.

00:11:33.680 They responded, they said, the free market part, Michael, is that you don't need to use

00:11:38.520 Robinhood.

00:11:40.660 You, you don't need to use Robinhood, eh?

00:11:45.760 So what you're really telling me is build your own broker dealer.

00:11:51.620 You just got through telling me, you just got through telling me that if I don't like

00:11:57.480 Twitter, I can build my own Twitter.

00:11:58.840 Then we did build our own Twitter.

00:12:00.020 It was called Parler.

00:12:00.940 And then they shut that one down too.

00:12:02.360 They kicked it out of the app stores.

00:12:03.780 Then when that didn't work to totally kill it, they kicked it off of its web services.

00:12:07.760 Whoopsie daisy, build your own web services, build your own app store, build your own iPhone,

00:12:12.560 build your own domain registrar, build your own internet, build your own society.

00:12:17.320 That's what they're saying here.

00:12:18.500 Well, build your own broker dealer.

00:12:20.120 Well, build your own stock exchange.

00:12:22.060 Well, build your own securities and exchange commission.

00:12:24.380 Well, build your own government.

00:12:25.420 That's what we're trying to do, guys.

00:12:26.840 That's what we're trying to do.

00:12:28.100 And the way you do that is you engage in politics.

00:12:31.980 But for so long, the market idolaters have come in.

00:12:37.520 The people with this extreme, I don't even want to call it a libertarian view because

00:12:41.480 it's unfair to libertarians.

00:12:43.020 But this kind of shallow, ridiculous talking point view from the 90s and 2000s that conservatives

00:12:48.500 can never, ever exert political power that the people give us because it would disturb my

00:12:53.980 wonderful, cherished free market or something.

00:12:56.920 And therefore, we need to just do nothing.

00:12:59.260 The only kind of politics we can have is negative.

00:13:01.500 Well, where did that get us?

00:13:03.740 Where did that get us?

00:13:04.700 Now, even those very fundamentalists are saying, yeah, build your own government.

00:13:10.180 I fully intend to do that.

00:13:12.120 I fully intend to get political power in this country through political means and get the

00:13:20.680 people to elect good candidates and then to exert that kind of political power against

00:13:25.940 the rigged system that we are seeing.

00:13:28.980 We've seen it just in the last couple of days in the markets, but we've seen it much

00:13:32.120 more broadly over the past decades.

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00:14:59.400 This Robinhood CEO, who was shutting people out of making investments yesterday, but only specific investments where they could have made a lot of money.

00:15:11.100 He is being sued, as of course he should be.

00:15:14.080 There is at least one class action against him.

00:15:16.040 There's probably going to be multiple.

00:15:17.740 Maybe they'll all converge.

00:15:18.880 Brandon Nelson, who's a retail investor from Massachusetts, filed a suit in the Southern District of New York, claiming that the company violated, quote,

00:15:25.700 the implied covenant of good faith and fair dealing with its customers when it restricted them from making transactions on high-yield assets.

00:15:32.960 Quote, on or about January 27th, Robinhood, in order to slow the growth of GameStop and deprived their customers of the ability to use their service abruptly, purposefully, willfully, and knowingly pulled GameStop from their app, meaning retail investors could no longer buy or even search for GameStop on Robinhood's app.

00:15:55.100 Good.

00:15:55.660 I'm glad.

00:15:56.200 I think this guy probably committed serious crimes, not even just a breach of contract for the users of Robinhood.

00:16:02.360 It seems like these were pretty serious financial crimes that were committed yesterday.

00:16:06.460 That kind of market manipulation is absurd.

00:16:09.060 Whether or not he'll be held to account for this, I don't know, because it just seems like a rigged game, right?

00:16:14.500 So it seems like some people are held to different standards than others.

00:16:17.180 This is why I don't believe this whole GameStop, Dogecoin, AMC market thing.

00:16:23.260 I don't think it's rich versus poor.

00:16:24.900 I know there were some conservative commentators yesterday who were afraid that we were delving into a kind of rich versus poor, 99% versus 1% kind of almost leftist sounding dialogue about this.

00:16:40.800 I don't think it's rich versus poor.

00:16:42.680 First of all, I don't think these Redditors who drove the stock prices way up, I don't think they're poor.

00:16:47.220 I think they're very intelligent, obviously.

00:16:50.460 They are fairly sophisticated.

00:16:52.120 They know how to search for these kind of positions that institutional investors have.

00:16:56.320 They are smart enough to realize if someone's got a huge short position and you can gather a million people or two million people to go in and pump up this asset, then you're going to create a short squeeze.

00:17:08.440 And if you hold on long enough, then the asset's going to go up unless there's market manipulation from the outside. 0.97

00:17:12.360 But all of this to say, these are not idiots, all right?

00:17:16.000 And one aspect of Reddit and Twitter and social media that makes it difficult to speak about this in a sort of scientific, data-driven, statistical way is people have anonymous accounts, right? 0.80

00:17:31.460 So you just, you can't, you can't know that much about these people if you're just trying to analyze it from the outside.

00:17:38.460 But in my own experience, the plural of anecdote will have to be data here.

00:17:43.340 In my own experience, the people I know who spend a lot of time on Reddit or Twitter and who have anonymous accounts are very smart.

00:17:52.660 And they're not living in their mom's basement and they're not waiting to eat the chicken tendies or whatever the memes say that they are.

00:17:57.780 They're pretty urbane people, many of whom have kind of normal jobs, who go to normal cocktail parties, who have a kind of sophisticated, yuppie-ish way of living, but who just realize how corrupt this system is, right?

00:18:15.020 They, they take, it is the same view I was describing yesterday on the show when we said, is it about elitism or populism?

00:18:20.660 I said, when we have a good elite, I'm an elitist. When we have a corrupt elite, I'm a populist.

00:18:25.520 Of course, I want to be governed by good, wise, serious, virtuous people.

00:18:35.300 Elites could be that. And in that case works for me. 0.99

00:18:40.060 But when the elites are not that, then I'm, I'm with Buckley.

00:18:43.460 You know, when he says that I'd rather be governed by the first 2000 people in the Boston phone book than the faculty of Harvard College.

00:18:49.080 Bill Buckley was the same way. He was an elitist of sorts, except when the elite was totally decayed and degraded and debased.

00:18:57.560 That's what I think this is about.

00:19:00.000 I think this is about an establishment that comprises people who, of all different looks, of all different backgrounds, of all different economic levels, you know, socioeconomic levels.

00:19:14.200 But some people are in, some people are out.

00:19:17.980 It was funny, too, because yesterday, a bunch of sort of socialists tried to jump on the bandwagon and say, oh, yes, we're really showing it.

00:19:25.720 We're showing it to this Wall Street folks.

00:19:27.900 Now, the people on Reddit, they were not socialists.

00:19:31.120 They were not Antifa.

00:19:32.980 They were not the DSA.

00:19:35.240 They were the kinds of people who voted for Donald Trump.

00:19:41.700 And what the left believes is that's just neo-Nazis and white supremacists or something.

00:19:45.900 But it's, it's not.

00:19:47.020 It's not.

00:19:47.800 It's, it's people of all levels of education and all levels of whatever, everything else, who realize that something about this system is rigged.

00:19:58.840 I know you're, you're not allowed to use that word when you discuss elections or when you discuss the administrative state or when you discuss the financial establishment.

00:20:08.980 But it just looks rigged.

00:20:10.740 I'll give you, give you an example of this different set of rules for the liberal elite.

00:20:14.820 We talked yesterday briefly on the show about how some dude on Twitter, I think he's 34 years old.

00:20:21.600 So at the time he was, if they, somewhere, in his 30s somewhere, I think at the time he was in his 20s, during 2015, 2016, he had an anonymous Twitter account, which was Ricky Vaughn.

00:20:34.080 And it was very politically incorrect and very offensive and he would say all these mean things.

00:20:37.620 He was just posting memes and everything.

00:20:39.340 He might go to prison for 10 years because he posted a meme which said, hey, if you're a Democrat, text your vote to this number.

00:20:47.440 And you can text your vote and then you don't need to worry about voting.

00:20:51.660 And it's an old joke.

00:20:52.480 People have done it for years.

00:20:53.420 It's the same joke as saying, if you're a Republican, vote Tuesday, if you're a Democrat, vote Thursday, right?

00:20:57.480 And then you miss the vote.

00:21:00.080 They're threatening him with 10 years in prison for posting that meme.

00:21:03.460 Meanwhile, a blue check mark on Twitter, someone with the establishment seal, right?

00:21:10.000 Somehow, some of us conservatives still have kept it for now.

00:21:13.200 I don't know.

00:21:13.420 I still have my blue check mark.

00:21:14.780 Probably, maybe not after this episode, I will.

00:21:16.920 This woman, Christina Wong, who's some comedian, got the blue check. 1.00

00:21:20.120 But she posts the same exact joke.

00:21:25.120 Hey, everybody.

00:21:26.720 This is Christina Wong.

00:21:28.500 And I'm coming out.

00:21:30.660 I'm a Trump supporter.

00:21:31.840 And I just want to remind all my fellow Chinese Americans for Trump, people of color for Trump, to vote.

00:21:37.920 Vote for Trump on Wednesday, November 9th.

00:21:41.220 Really important day.

00:21:42.300 We're going to show this country who's boss.

00:21:44.460 And that's our man, Donald Trump.

00:21:46.020 So don't forget to vote Donald Trump on November 9th.

00:21:51.200 Old joke, right?

00:21:52.260 Vote for Trump the day after the election.

00:21:54.280 I've made this joke.

00:21:55.120 I was actually kicked off of Facebook for 24 hours on election day for making this joke five years ago.

00:22:00.340 Four years ago.

00:22:02.440 She also, in her tweet about this, wrote, text your vote to whatever.

00:22:08.460 The exact same thing as Ricky Vaughn.

00:22:10.160 She's still on Twitter.

00:22:11.660 She's still out of prison. 0.85

00:22:12.760 She's not being investigated because she's a liberal. 0.98

00:22:16.340 She did 100% exactly the same thing as the guy behind Ricky Vaughn. 0.84

00:22:23.440 But Ricky Vaughn is going to go to the can because there's a different set of rules for the liberal elite.

00:22:28.160 John Kerry, climate czar under President Biden, telling coal workers, oil workers, natural gas workers that they are not going to have their jobs.

00:22:39.200 Biden lied to them.

00:22:40.440 Whoopsie daisy.

00:22:41.160 Too bad.

00:22:41.600 We've got a climate crisis.

00:22:43.280 Learn to make solar turbines.

00:22:45.820 Wind turbines.

00:22:47.460 Learn to code.

00:22:49.260 Right?

00:22:49.640 That's broadly what the liberal establishment tells ordinary Americans when they get rid of their jobs.

00:22:57.860 John Kerry owns a private jet.

00:23:00.360 His family owns a private jet.

00:23:02.660 John Kerry gets to fly all around the world however he wants.

00:23:05.780 He gets to use a whole lot more in terms of natural resources, in terms of energy.

00:23:11.240 He gets to pollute a lot more than anybody.

00:23:13.120 It doesn't matter.

00:23:14.720 He's going to stop you from polluting.

00:23:16.780 And really, isn't that the whole point?

00:23:20.180 Same could be said of Al Gore.

00:23:21.740 Al Gore uses so much more in the way of natural resources.

00:23:24.220 Leo DiCaprio, all the prominent environmentalists.

00:23:27.000 One set of rules for them.

00:23:29.280 One set of rules for you.

00:23:31.780 In a way, I'm glad to see what happened yesterday.

00:23:38.720 It's too bad because some people lost a lot of money because Robinhood, and it wasn't just Robinhood, by the way.

00:23:44.900 When they say use a different broker dealer, basically all of the broker dealers shut out the ability to buy positions in GameStop or AMC or all of these assets.

00:23:53.960 So you couldn't do it, and I'm sorry that people lost money because of this sort of thing, but I am glad to see it.

00:24:02.420 I think we now know what we're dealing with.

00:24:05.920 All this talk, all this silly talk that Republicans even had duped themselves into believing.

00:24:12.680 We have a perfectly free market.

00:24:14.760 Defend the hedge funds at all costs.

00:24:16.760 The glorious, wonderful hedge funds.

00:24:19.500 Wall Street gives money to Democrats.

00:24:21.540 Gives a lot of money to Democrats.

00:24:22.780 Democrats, by many measures, they give most of their money to Democrats.

00:24:26.440 Why am I supposed to defend these guys?

00:24:30.980 Hedge fund analysts are some of my best friends.

00:24:33.600 I mean that since I actually have a number of friends who are hedge fund analysts.

00:24:36.500 However, I don't think there's anything special about hedge fund analysts as a class or hedge fund managers as a class.

00:24:42.680 That means I need to defend them.

00:24:44.080 If they do good things, that's good.

00:24:45.560 I'll defend them.

00:24:46.200 If they do bad things, I won't.

00:24:47.680 And if they support liberal candidates and even liberal Republicans when they do support a Republican, why do I need to defend them?

00:24:55.480 Why do we need to carry water for people who hate us, who hate our views, who won't let us participate in society, and who have no particular loyalty to our country or our traditions?

00:25:06.420 This is why conservatives like to invest in physical assets like gold.

00:25:14.120 And you got to go check out Acre Gold.

00:25:15.800 Man, what a great segue.

00:25:18.200 The price of gold has been skyrocketing lately.

00:25:21.640 Now there is a new way to buy gold through a company called Acre.

00:25:24.840 Acre lets you subscribe to gold bars for as little as $30 a month.

00:25:28.700 You pay each month once your gold stash reaches the price of their gold bars.

00:25:32.660 They ship discreetly Acre Gold to your house.

00:25:36.700 Acre lets you invest in physical gold without coming out of pocket all at once.

00:25:41.140 The way that this happens, because obviously bar of gold costs a lot of money, you pay into it, you pay into it, you pay into it.

00:25:47.240 Once you reach the price of the bar of gold, they ship it to you.

00:25:51.780 They've recently introduced their new $100 per month subscription for their 5 gram gold bar.

00:25:55.280 If the last few days have not convinced you that having some of your investment in physical precious metals might be a good idea with all the crazy market stuff, I don't know what will convince you.

00:26:08.360 Getacregold.com slash Knowles.

00:26:10.600 Start investing in physical gold today.

00:26:12.900 Make sure you go to getacregold.com slash Knowles.

00:26:15.940 Acre's giving away a gold bar to qualify.

00:26:18.760 Tweet or post why you should be the recipient and tag at get underscore acre.

00:26:23.000 That is getacregold.com slash Knowles.

00:26:24.720 And thank you, Acregold, for supporting this show.

00:26:27.380 I have a play for you in three acts.

00:26:30.840 This tells you a lot about the situation that conservatives find themselves in in the country.

00:26:38.120 Yesterday, AOC tweets out about the whole GameStop thing and the markets and everything.

00:26:42.560 She tweets out, quote,

00:26:43.500 This is unacceptable.

00:26:44.680 We need to know more about Robinhood's decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.

00:26:51.320 As a member of the Financial Services Committee, I'd support a hearing if necessary.

00:26:57.340 So I read that and I say, wow, I have common ground with AOC.

00:27:01.340 Okay.

00:27:02.340 Works for me.

00:27:04.300 Ted Cruz, our pal, you know, Senator Cruz, who we'll be talking with on verdict very shortly.

00:27:11.480 Probably about this.

00:27:12.300 He responds.

00:27:12.780 He says, fully agree.

00:27:15.320 AOC responds, quote,

00:27:17.160 I'm happy to work with Republicans on this issue where there's common ground, but you almost had me murdered three weeks ago.

00:27:22.780 So you can sit this one out.

00:27:24.840 Happy to work with almost any other GOP that aren't trying to get me killed.

00:27:28.920 In the meantime, if you want to help, you can resign.

00:27:33.640 I give Senator Cruz a lot of credit for engaging in good faith, trying to reach out to somebody like AOC, find some common ground.

00:27:46.000 They're not interested.

00:27:47.980 They're not interested.

00:27:49.660 Clearly.

00:27:50.640 I'm glad he tried.

00:27:52.300 I'm glad he tried.

00:27:53.700 Shows that we are trying and they are not.

00:27:56.200 But now we've learned a lesson there, too.

00:28:00.300 First of all, I like how AOC says, well, I'm willing to work with any Republican, but not Ted Cruz and not Donald Trump and not this one and not that one and no Republican.

00:28:08.380 She doesn't think any Republican is legitimate.

00:28:12.240 He almost had me killed.

00:28:13.960 What?

00:28:14.600 What is your evidence for that?

00:28:15.740 Oh, of course, you don't have any.

00:28:18.240 Doesn't matter.

00:28:20.660 They hate us on the left. 0.77

00:28:23.840 They have been saying for months now that we are all Nazis and white supremacists who should be kicked off of Twitter, who should be kicked out of our jobs, who should be kicked out of our schools, who should be kicked off of our investing apps, who should be kicked out of our banks, who should be ostracized utterly from society.

00:28:45.540 And conservatives, we do this thing where we try to win their respect.

00:28:51.540 We're not going to.

00:28:52.500 We try to do this thing where we try to prove we're not racist.

00:28:54.980 We're not going to.

00:28:56.340 It's not going to work.

00:29:00.660 AOC is going to do what AOC wants to do.

00:29:02.780 The left is going to do what the left wants to do.

00:29:04.800 They are not going to try to work with Republicans in any way.

00:29:08.520 They are going to follow the science, the science of progressivism.

00:29:16.280 Dr. Fauci, what a wonderful guy.

00:29:18.880 Dr. Fauci, our true leader, he just came out.

00:29:21.800 He said, if you get the vaccine, which you soon will probably have to do, if you get the vaccine, that's not a free pass to travel.

00:29:30.700 It is not a good idea to travel, period.

00:29:34.480 I mean, if you absolutely have to travel and it's essential, then obviously one would have to do that.

00:29:40.700 But we don't want people to think because they got vaccinated, then other public health recommendations just don't apply.

00:29:48.820 One of the biggest things that are really not well understood is people ask, why should I even have to wear a mask after I get my second shot?

00:29:58.660 And the reason is very clear that the primary endpoint of the vaccine trial was clinically apparent infection.

00:30:07.040 So you could conceivably get infected, get no symptoms and still have virus in your nasopharynx, which means that you would have to wear a mask to prevent you from infecting someone else,

00:30:20.280 as well as the other side of the coin where you may not be totally protected yourself.

00:30:25.940 So getting vaccinated does not say now I have a free pass to travel.

00:30:31.080 Yeah, look, just just because you do all the stuff that we're telling you to do, even though sometimes it contradicts our previous advice day by day,

00:30:39.420 just because you do that doesn't mean you have a free pass to travel.

00:30:42.720 You know, travel, what all of us in the establishment have often called a human right, travel, a constitutional right that you have to move freely.

00:30:56.260 Yeah, you don't have a free pass to do that anymore because of science.

00:31:00.760 Joe Biden made this point the other day.

00:31:02.700 He tweeted out, science will always guide my administration.

00:31:07.840 He capitalized administration in a weird way.

00:31:11.940 You know, they always made fun of Trump for weird capitalizations.

00:31:14.360 He does that, too.

00:31:15.800 He probably intentionally would capitalize science, though, even if it didn't begin a sentence, because he's referring to science as a sort of God.

00:31:24.220 Science will guide my administration.

00:31:25.960 What he means by science here, obviously, is not what we think of as a science, the system of material inquiry and empiricism and observation to lead us to new knowledge about the physical world.

00:31:39.360 He's not referring to that.

00:31:40.680 I mean, they've contradicted themselves sometimes by the hour.

00:31:43.700 He's referring to science in a political way, which the left has done for years and years, in the same way that Marx would refer to science and Marxists would refer to the science of politics or the science of history.

00:31:56.540 The new left would refer to these sorts of terms in the mid-20th century.

00:32:01.860 This is why AOC is not going to work with Ted Cruz and not going to work with any other Republican.

00:32:09.300 They are on the right side of history.

00:32:11.860 They know the science of history.

00:32:13.340 They know the science of politics.

00:32:16.900 And for the uninitiated, those sorts of unwashed people can be of no help.

00:32:25.180 You just got to get rid of them.

00:32:27.940 AOC is going to be fine on her own. 0.96

00:32:31.800 You know, we on the right, we often point out the hypocrisy of the left.

00:32:36.600 That's probably what we spend most of our time doing.

00:32:39.100 Say, so much for the tolerant left, so much for healing and unity, so much for this, so much for that, as though in this sort of innocent, naive hope, we think that one day the left is going to realize, oh my goodness, we're not being tolerant.

00:32:53.040 You're right.

00:32:53.640 Oh my goodness, we're not being particularly unifying, not trying to heal the country.

00:32:59.000 They know.

00:33:00.100 They know that.

00:33:00.780 They're not, they don't want to tolerate us.

00:33:02.700 They've written essays, famous essays called Repressive Tolerance, for instance, about why they don't want to tolerate us.

00:33:08.500 They don't want to unite with us.

00:33:10.020 They don't want to heal, they want to heal the country by getting rid of us, by ostracizing us.

00:33:16.760 And they're doing a good job of it.

00:33:20.480 And because we're so afraid of ever using political power, they succeed even when we win, even when Republicans win elections, even when we had unified government from 2017 to 2019.

00:33:34.480 What did we do?

00:33:37.200 What did we do as a matter of real sweeping legislative change?

00:33:41.560 We passed a tax cut because we are beholden to a shallow, silly idea that pretty much just became the boilerplate conservative talking point in the 90s and 2000s, that we can never exercise political power.

00:34:00.660 We have to, we have to respect the free market.

00:34:05.340 We need to live in holy fear of the free market.

00:34:07.800 What free market?

00:34:08.980 What free market?

00:34:10.940 Market doesn't look very free to me.

00:34:13.640 We can never suggest that the left moderate their language, moderate their behavior because of free speech, the idol of free.

00:34:22.200 What free speech?

00:34:23.800 I don't see free speech.

00:34:25.440 Doesn't look very free from, from my vantage.

00:34:27.580 It looks like it's full of a censorship regime from the left.

00:34:34.000 And even when we look back further before, say, the 60s and into the maybe the 50s or the 40s, even then when conservatives had much, much better hold on the culture.

00:34:44.280 We did, we had a free speech regime in the American tradition of free speech.

00:34:48.600 We also had McCarthyism.

00:34:51.760 We had tough laws against obscenity.

00:34:53.580 We had all sorts of rules about speech.

00:34:56.760 We had, we had just a different set of standards, right?

00:34:59.180 We had the traditional conservative standards.

00:35:01.200 And we've convinced ourselves to abandon that.

00:35:03.500 We've convinced ourselves to abandon financial standards because of a shallow ideology that ironically, the left foisted on us during the mid 20th century to convince us to stop exercising power.

00:35:16.640 And so we, we appear to be impotent.

00:35:20.840 And the, the game appears to be rigged.

00:35:23.840 What we started to wake up to that in 2016, how much longer is it going to take before we realize the, the real nature of this system, the real nature of our elites and for us to begin to exercise our political power to push back.

00:35:39.160 One way we do that in the culture is by releasing our movies.

00:35:43.840 We just had our first movie come out here at the Daily Wire, Run, Hide, Fight.

00:35:47.320 It's exclusive for Daily Wire members.

00:35:50.660 The elite critics hate it.

00:35:52.660 They gave it like a 2% or something on Rotten Tomatoes.

00:35:55.080 The audience loves it.

00:35:56.300 They gave it a 93% with thousands of reviews.

00:35:58.620 You can watch Run, Hide, Fight on streaming apps at Apple TV, Roku.

00:36:03.180 If you're not a Daily Wire member, use promo code RHF to get 25% off.

00:36:06.940 That is RHF for 25% off.

00:36:11.680 Now, my favorite time of the week, we get to the mailbag from Matt.

00:36:28.580 Michael, with President Biden's first 100 hours under his belt, who would you say is the worst president of the United States?

00:36:37.740 Joe Biden, FDR, or Woodrow Wilson?

00:36:40.620 Woodrow Wilson is the worst.

00:36:43.540 Because he was the smartest about it.

00:36:46.020 Woodrow Wilson understood what he was doing.

00:36:51.220 You can read, I think the essay is called What is Progress?

00:36:54.160 Something like that.

00:36:55.020 What is Progress?

00:36:55.640 I think it's What is Progress?

00:36:56.940 And Woodrow Wilson lays it all out.

00:36:58.420 He says, look, I'm a political scientist.

00:37:00.940 I'm taking these ideas that came to us from Europe, and they're very recent ideas.

00:37:05.760 And I've been working on them in the academy.

00:37:07.720 And I'm going to use those ideas to overturn the old constitutional system, which is now outdated.

00:37:13.600 And it's according to an old theory of science.

00:37:15.660 And I'm going to replace, the old theory of science was Newton, fixed laws to the universe.

00:37:20.240 I'm going to replace it with the new Darwinian theory of science, which is evolution.

00:37:24.100 There's no such thing as fixed permanent laws.

00:37:26.160 There's no such thing as fixed permanent human nature on which our constitutional system was based.

00:37:30.100 So we're going to have a new administrative state.

00:37:32.040 We're going to take the power, the political power away from people and give it to these experts,

00:37:37.500 these genius elites who are going to govern us.

00:37:39.360 And we're going to have a wonderful country that way.

00:37:42.060 Now, FDR, in many ways, implemented the Wilson plan.

00:37:46.260 But Wilson was the kind of mad genius behind it and the cause of many, many problems.

00:37:52.480 From Alex.

00:37:53.660 Dear Michael, I'm a student at the University of Florida.

00:37:56.020 I live on campus in the dorms.

00:37:57.540 It is current university policy that unless I am in my room showering, brushing my teeth,

00:38:01.940 or eating, I have to wear a mask at all times.

00:38:03.900 I've not been following these rules up to this point and no one has said anything to me.

00:38:08.260 This all changed today when my floor RA sent out a group message

00:38:11.860 saying that some of the residents had not been following the guidelines

00:38:14.680 and that he was going to start being really strict and issuing reports on violators.

00:38:18.600 As I am the only one on the floor who I've ever seen not wearing a mask,

00:38:22.040 I assume this is directed at me.

00:38:23.180 Should I just shut up and wear the mask?

00:38:24.840 Or is there a way to continue my protest without risking my housing contract?

00:38:29.820 Yeah, you seem to be in the position that conservatives find themselves in.

00:38:34.680 So I'm, the sort of aspirational advice I'll give you is say, you know,

00:38:39.380 take that mask off and stand up.

00:38:41.420 But you'll probably lose your housing if you do that.

00:38:43.180 So if you're willing to do that, fine.

00:38:44.360 You live off campus or something.

00:38:45.320 But the political reality that you're in is you have no leverage.

00:38:51.220 You have no leverage because the school is, well, it's obviously run by the state government.

00:38:59.100 It, so if, if the good guys don't run the state government, you're in trouble.

00:39:03.680 Now we do it, Ron DeSantis is down there.

00:39:05.240 That's pretty good.

00:39:05.800 But the blob, the, the bureaucracy of that state, I presume is not quite as conservative

00:39:10.880 as Governor DeSantis.

00:39:14.320 We have lost control more broadly over education.

00:39:17.200 That's been given away.

00:39:18.660 We've lost control over the narrative on the masks and the virus.

00:39:21.880 That's been given away.

00:39:22.900 We don't have a way to exercise power.

00:39:25.280 And because of that, you're vulnerable.

00:39:28.180 So probably what you got to do, it's the same thing when I go on an airplane. 1.00

00:39:30.720 All I want to do is rip off that stupid mask. 1.00

00:39:33.000 I will be put on the no fly list. 1.00

00:39:34.580 I won't be able to fly anywhere. 1.00

00:39:36.100 So I hate wearing the stupid mask. 0.99

00:39:38.260 I never wear it practically when I'm out and about in my daily life. 1.00

00:39:42.440 But when I'm on the airplane, because we don't have any power, they force us to.

00:39:46.700 You've got to be wise as a serpent, innocent as a dove, right?

00:39:50.460 You've got to be clever.

00:39:51.620 And beyond that, you've got to amass some power and influence and be able to use it.

00:39:57.760 We're in a position right now where you probably can't do that.

00:39:59.880 But it's worth, as you form your political views, which happens, especially in college,

00:40:05.860 it's worth remembering this situation and taking some lessons from it.

00:40:09.240 From Matthew.

00:40:10.240 Michael, do you think there will be any politicians registering,

00:40:13.300 switching rather, from Democrat to Republican in the next year or two prior to 2022?

00:40:17.420 It seems that Tulsi Gabbard is making the rounds on Fox.

00:40:20.080 Not that Fox is entirely conservative anymore.

00:40:22.980 And Joe Manchin seems to not completely fall in line with his fellow leftists

00:40:27.500 with ending the filibuster.

00:40:29.480 It's the sign of a red wave.

00:40:32.300 I don't know.

00:40:32.840 I mean, Tulsi's been saying some good things.

00:40:34.680 And Joe Manchin's always been a little more moderate anyway.

00:40:37.540 Usually not when it counts, but at least in the way he talks.

00:40:41.700 What it's a sign of is that these people know their constituents.

00:40:45.640 Tulsi Gabbard knows that the people who are listening to her are common sense people.

00:40:52.200 They're not uniformly Republican or conservative by any means,

00:40:54.920 but they're not buying into the kind of established liberal secular religion.

00:41:00.460 I guess the same would go for Joe Manchin.

00:41:02.580 West Virginia, you can't be AOC. 0.58

00:41:04.520 AOC is not getting elected to anything in West Virginia.

00:41:07.380 So that's good.

00:41:09.700 But I don't know.

00:41:10.740 Maybe they'll switch parties.

00:41:11.860 Maybe they're probably, probably Joe Manchin won't.

00:41:13.480 Maybe Tulsi Gabbard will. 0.98

00:41:14.660 However, I don't even think that what we're looking at over the next few years is about that.

00:41:23.800 I don't think it's about new people registering or whatever.

00:41:26.440 There's going to be a permanent wall around the Capitol.

00:41:31.580 You know, it's so funny that the left calls us all fascists.

00:41:34.760 And yet they wouldn't invite any of the people to their inauguration for the president who

00:41:38.460 supposedly got the most votes of any president in human history.

00:41:41.340 That they now have a standing army in Washington, D.C. to keep the people away from them.

00:41:47.640 It's a little weird, isn't it?

00:41:48.700 Well, they've now taken away election integrity measures, notably in Pennsylvania, where they

00:41:54.640 had to violate the state constitution to do it, but virtually everywhere else too, where

00:41:59.440 now we have unsolicited widespread mail-ins.

00:42:02.120 We now have election month instead of election day, no voter ID measures in a lot of places.

00:42:09.440 So sure, I hope Democrats become Republicans, but Republicans don't have any sway.

00:42:15.600 We don't have any power.

00:42:16.540 So it doesn't matter if 90% of the country becomes Republicans.

00:42:21.980 If we can't rely on election integrity measures, it's still going to be a big uphill battle.

00:42:28.060 From Alex, in your last two shows, you mentioned that the family is the fundamental social building

00:42:34.600 block.

00:42:35.300 However, I thought that the virtuous individual was intended to be the fundamental building

00:42:39.060 block of a successful society.

00:42:40.840 For example, our justice system is intended to operate on individuals.

00:42:43.800 Our economy is based on the principle of mutually consenting transactions between individuals,

00:42:48.840 to a degree.

00:42:50.440 Success in various hierarchies, such as career, church positions, and even dating is intended

00:42:54.540 to be based on individual competency and merit.

00:42:57.640 Could you please clarify how these ideas are consistent with your claim about the family?

00:43:01.280 I realize this may be a which came first, the chicken or the egg type questions.

00:43:04.080 Sure, I mean, some of these assertions that you're making, I think, are somewhat dubious.

00:43:09.720 I appreciate the zeal with which you're asserting them, but you're not providing a lot of evidence.

00:43:14.380 And obviously, you don't have a ton of room to do that in a mailbag question.

00:43:17.700 But I think there are many of these sorts of things that we're so used to asserting as talking

00:43:22.140 points.

00:43:22.520 But perhaps when we think about them, it's difficult to explain how.

00:43:27.700 The reason that we have this idea that the individual is the fundamental unit of society

00:43:34.480 and that maximizing individual autonomy is the be-all and end-all of society is because

00:43:40.060 we've been fed a bunch of lies, mostly by the left, actually, over the last half century.

00:43:46.160 But that view is not the traditional American view.

00:43:50.440 Obviously, good old individual effort and gumption is very important and nobody denies that.

00:43:56.000 But that's not what I'm talking about.

00:43:58.160 What I'm talking about is a sort of anthropology.

00:44:01.220 What I'm talking about is where does society come from?

00:44:05.180 When we craft societies, as societies develop, do they develop out of atomized individuals who

00:44:12.960 spring into existence from the thin air and then drop down in the middle of a forest

00:44:17.900 and sort of educate themselves on their own and come to their own ideas on their own?

00:44:23.180 Maybe they're inbred ideas.

00:44:25.580 And then they walk up to one another and they say, okay, we're all total individuals and

00:44:29.960 we're going to form a society on a social compact and we all agree to it by mutual consent and

00:44:35.720 that's it.

00:44:36.660 Is that how society is formed?

00:44:37.820 No.

00:44:39.160 And then what happens for the next generation?

00:44:40.940 Do they pop out of thin air too?

00:44:42.360 No, that isn't.

00:44:43.580 What happens is we're born through no decision of our own.

00:44:48.740 We're born into a family and into a society, a community and into a broader society and

00:44:56.620 we are educated in that society and specifically by that family.

00:45:00.880 We take on the customs and traditions and views of that society and we contribute to it

00:45:07.020 because we are individuals and we do have free will.

00:45:09.220 But the social conditions also shape our desires, also shape our will, form our habits, which

00:45:19.720 are the virtues, right?

00:45:21.720 Virtues are habits.

00:45:22.820 They're not just things we arrive at through thin air, out of thin air, through our own

00:45:27.440 reason alone.

00:45:28.960 And as a result, these institutions really, really matter.

00:45:32.620 That's how things happen in real life.

00:45:36.260 Now, I understand in philosophy class, particularly if you're talking about liberal philosophy class,

00:45:41.420 things happen differently.

00:45:42.800 But there is some utility to that when we're thinking through our politics.

00:45:48.880 But I think we've gone so far in that fantasy ideological direction.

00:45:53.460 We're not looking at the way things actually work in front of us.

00:45:56.240 And this all redounds to the left's benefit because the left is always trying to destroy

00:46:00.680 these institutions, to destroy the family.

00:46:02.600 Because when you're talking about a leftist revolutionary political movement going up against

00:46:08.680 traditional, ordered, settled society with lots of different subsidiary institutions at

00:46:15.200 every level down to the family all the way up to national institutions, it's very difficult

00:46:20.080 for the revolutionary movement to come in and overturn all of that.

00:46:23.440 The society is so strong.

00:46:26.000 But when the revolutionary movement comes in and all those mediating institutions have

00:46:30.000 been destroyed, and it's just a bunch of disconnected individuals who are extraordinarily skeptical

00:46:34.700 of one another, distrustful of one another, who have nothing in common, it's much, much easier

00:46:40.440 to take over.

00:46:41.300 And that's what the left is banking on.

00:46:42.680 And that's what I'm trying to say when I'm describing this dichotomy between the family

00:46:46.700 and the individual as the basic unit.

00:46:49.480 From Hayden.

00:46:50.080 Dear Mr. Knowles, I agree that the $20 bill should be left alone, but you said something

00:46:54.660 that piqued my interest.

00:46:56.000 Someone said to you that Jackson should be disqualified due to the Trail of Tears, to

00:46:59.700 which you said Martin Van Buren should be kept off our currency.

00:47:02.640 In school, we were taught that Jackson is to blame.

00:47:04.460 What do you believe is to blame for the Trail of Tears?

00:47:06.660 Well, it just, it happened on Van Buren's watch.

00:47:08.880 So it's just chronologically, it doesn't, doesn't work to blame it all on Jackson.

00:47:13.780 The reason they blame Jackson and the reason that they, they, you know, don't like him

00:47:19.140 and they castigate him and they find him to be an easy target is because he did embrace

00:47:23.520 a policy of Indian removal.

00:47:25.220 He fought in the Indian wars.

00:47:27.060 Let's not forget the, the way that, that the Europeans got this territory is in part by

00:47:32.560 forming alliances with Indian groups like the Pilgrims did. 0.52

00:47:35.300 It was in part through trade, purchasing land, fair and square, and it was in part through

00:47:40.800 war.

00:47:41.180 And by the way, the way that various Indian groups got territory is by going to war with

00:47:46.800 other Indian groups.

00:47:48.320 And by the way, the way that people get land throughout history often is through war or

00:47:53.480 through trade.

00:47:54.260 So it's all, all the ways that we did here.

00:47:56.600 But because the left hates this country, the left goes in and says, the land was the Indians.

00:48:03.700 Any way that we got it was illegitimate.

00:48:05.800 And Andrew Jackson was clear about this.

00:48:08.200 And the fact that Andrew Jackson even supported a policy that would remove some Indians from

00:48:12.120 the American land and put them in different land is a reason enough to erase him from 0.99

00:48:16.420 our memory.

00:48:17.580 Now, the, the question that naturally follows when, when someone says that we need to give

00:48:22.700 the land back to the Indians is which Indians?

00:48:24.700 Do we give them to the Comanche? 1.00

00:48:26.440 I guess we took land from the Comanche, but maybe we should give it back to the Apache 1.00

00:48:29.780 because the Comanche took the land from the Apache.

00:48:32.060 Do we, are we going to give land, our interests in Latin America, are we going to give it back

00:48:35.160 to the Aztecs?

00:48:35.840 Are we going to give it back to the people that the Aztecs conquered?

00:48:38.460 Is there even a way to distinguish at this point after all these years?

00:48:42.200 Probably, probably not.

00:48:45.260 Next question from Jaden before I have to go.

00:48:47.380 Michael, what is your opinion on evolution?

00:48:49.280 Matt Walsh said he believes in it, but I've never heard what you think.

00:48:52.620 Thanks.

00:48:53.540 I don't think about it very much.

00:48:54.980 I don't really care.

00:48:55.860 It's not a, you know, I just, I don't care that much about various other niche fields

00:49:01.840 of physical science.

00:49:03.080 There seem to be some problems with Darwin.

00:49:05.900 This was well laid out by David Berlinski.

00:49:09.060 David Galerter, a genius computer scientist, said that the problems with Darwin, he found

00:49:14.840 them to be sort of, Darwin's theories to be mathematically impossible, so he's moved away

00:49:18.780 from them.

00:49:19.720 But I don't know.

00:49:20.500 You know, I'm just not expert enough in Darwin or Lamarck, who has sort of had something

00:49:24.640 of a resurgence, I guess, through neo-Lamarckism and epigenetics.

00:49:28.120 It's all interesting enough to me.

00:49:29.620 I'm open-minded about it, but it doesn't particularly affect my view of the world.

00:49:34.500 All right.

00:49:35.180 That's the show.

00:49:36.200 I'll see you next week.

00:49:36.880 I'm Michael Knowles.

00:49:37.460 This is The Michael Knowles Show.

00:49:38.300 If you enjoyed this episode, don't forget to subscribe.

00:49:46.920 And if you want to help spread the word, please give us a five-star review and tell your friends

00:49:51.620 to subscribe.

00:49:52.880 We're available on Apple Podcasts, Spotify, and wherever else you listen to podcasts.

00:49:58.120 Also, be sure to check out the other Daily Wire podcasts, including The Ben Shapiro Show,

00:50:02.660 The Andrew Klavan Show, and The Matt Walsh Show.

00:50:04.920 The Michael Knowles Show is produced by Ben Davies, executive producer Jeremy Boring,

00:50:10.080 our technical director is Austin Stevens, supervising producers Mathis Glover and Robert

00:50:15.040 Sterling, production manager Pavel Vidovsky, editor and associate producer Danny D'Amico,

00:50:21.200 audio mixer Mike Coromina, hair and makeup by Nika Geneva, and production coordinator McKenna

00:50:27.280 Waters.

00:50:28.100 The Michael Knowles Show is a Daily Wire production, copyright Daily Wire 2021.

00:50:32.340 Hey everybody, this is Andrew Klavan, host of The Andrew Klavan Show.

00:50:36.400 You know, some people are depressed because the republic is collapsing, the end of days

00:50:40.320 is approaching, and the moon's turned to blood.

00:50:42.740 But on The Andrew Klavan Show, that's where the fun just gets started.

00:50:45.980 So come on over to The Andrew Klavan Show and laugh your way through the fall of the republic

00:50:49.600 with me, Andrew Klavan.

The Michael Knowles Show - January 29, 2021

Ep. 689 - The Visible Fist Of The “Free Market”

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