Yes, Bernie Sanders, who has always admitted to being a socialist, has called for the government to take equity stakes in American AI companies. And yes, it is a terrible idea. But today on the Capital Record, David does what too few on the right appear willing to do: say why it is a bad idea, and why the right are going to have a very hard time stopping it.               Clip courtesy of Overtime with Bill Maher Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Treasury Secretary, Scott Bessent, gave a memorable speech at the Reagan Foundation Economic Forum last week.  In it, he reiterated the completely true economic principle of permanence – that when policies are properly codified they assure economic actors of the rules of the road, enabling more confident decision-making when it comes to hiring, production, consumption, and investment.     In today’s Capital Record, David flushes out this concept more, acknowledges where the permanence of OBBBA has been a benefit, and asks a rather obvious question about another tax policy that remains, well, not permanent. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Sen. Elizabeth Warren’s recent tirade against private equity is a libelous set of dishonest manure that should be treated as seriously as any attempt to broadly demonize private equity these days, which is not at all.  Whether the Senator’s problem is intellectual or just in telling the truth, she is wrong in so many ways that today’s Capital Record gives us a chance to set the record straight.  You will be better off for hearing it, which is never true when one listens to today’s private equity critics. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We started this podcast over five years ago, committed to a free and virtuous society, and now with 300 episodes under our belt, the commitment is deeper and more robust than ever. In this very special episode, David revisits the genesis of Capital Record, reaffirms the themes that matter, identifies the enemies of human flourishing working to undermine freedom and opportunity, and offers up a manifesto of commitments for the years ahead. Pre-roll:Duke Energy Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ben Sasse may not know exactly how much more time God has for him here on earth, but he sure is using whatever time he does have to spread truth and wisdom. On today’s Capital Record we look at Sasse’s recent op-ed in the WSJ and his contrarian approach to the AI tech revolution. In this transformative technological moment, Ben doesn’t see a need to “get with the algorithms” but rather an opportunity to “re-discover the virtues.” And he knows just where to go to find them. Show notes:Habits for Humanity in the Age of AI   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David is joined this week by U.S. energy industry legend and pioneer, Charif Souki. Hear not only his incredible story as a leading force in the shale revolution but also get the lay of the land in one of the great stories of our time: U.S. energy dominance. All at once this episode will remind you of the role robust capital markets play in the cause of free enterprise and reiterate the most important business principles that matter. A truly special Capital Record! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

American capital markets are celebrated on this podcast -- as they should be by anyone who values a free and virtuous society. Rule of law is a vital component to upholding the effect strong capital markets have on our economy. The DOJ blocking of a Jet Blue acquisition of Spirit Airlines did not avoid two bankruptcies -- it created one. And on today’s podcast, we prove it. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

If only there was a way to avoid taxpayers now bailing out a failed private enterprise whose pricing model cannot work in this economy? Well, there was -- it was a merger with a more capitalized and established brand name airline, only the same government about to spend your tax dollars on a failed private business with no national security connections whatsoever was the same one who blocked the private markets solution that would have been a winner for everyone. Now, instead of everyone winning, we literally get everyone losing -- and I mean everyone. But nobody is losing more than those arguing that increased government stewardship of the economy is a good idea. There is no bankruptcy deep enough for the intellectual rot of that position. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David concluded an 18-month research project and interviews with a dozen attorneys and judges with a lengthy piece on the the disaster of our current legal system. In today’s Capital Record he offers a dozen reform ideas that are desperately needed, and concludes with one that is more important than all of them put together. Hint: It doesn’t involve the judicial system. Show Notes: David’s National Review article, "The Next Supply-Side Battle" Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The political world was abuzz Sunday night at the devastating defeat pro-Putin post-liberal, Viktor Orbán, suffered in Hungary’s national election. Some on the American right have mistakenly cozied up to Orbán, finding some compatibility with his occasional messages about social values. But alas, even beyond the confused moral messaging, what did Orbán in is what will do all “new right” illiberals in -- a disdain for the freedom and opportunity of a market economy. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.