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While giddy socialists are proclaiming that Zohran Mamdani's electoral victory is the beginning of a socialist takeover of the U.S., the Democratic Socialists of America have a long way before they can complete their stated mission.
Original article: https://mises.org/mises-wire/election-mamdani-what-it-means-and-what-it-doesnt-mean
It was a big day for President Donald Trump as the Supreme Court heard arguments on his power to impose tariffs unilaterally. And the justices seemed… skeptical. Even Trump-friendly Justice Neil Gorsuch questioned Trump Administration lawyers on their claim that tariffs are foreign policy, so the President can do what he wants. Oregon is one of the states suing the Trump administration over tariffs. To find out more about what they argued at SCOTUS and what might happen if the justices give Trump a very rare loss, we talked to Dan Rayfield, the Attorney General of Oregon.
And in headlines, the government shutdown is officially the longest in American history, California Republicans sue the state over Prop 50 just hours after it passes, and Israel and Hamas continue the grim exchange of remains under last month’s U.S.-brokered ceasefire.
Show Notes:
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The “Shiller PE Ratio” is at its highest level since November of 1999. That was at the peak of the online gold rush right before the dot com bubble burst in 2000. Today on the show, we learn what the Shiller PE Ratio is, how it works and whether we should be worried that it’s relatively high right now.
Related episodes:
What’s a Bubble?
Zombie 2nd mortgages are coming to life, threatening thousands of Americans' homes
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Trump’s tariffs went before the Supreme Court this week and even the extremely accommodating Roberts court was having trouble seeing how the president’s vast and capricious application of tariffs is constitutional. But that doesn’t mean they’re going away.
Guest: Justin Wolfers, economist and professor at the University of Michigan.
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Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther.
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Romina Boccia joins Nicholas Anthony to discuss how the shutdown centers on demands to extend subsidies for earners making well above median household income—all the way up to $500,000 annually. Federal workers and SNAP recipients have been offered up as political collateral for a deal that would cause an unprecedented $1.5 trillion in additional deficit spending—all while we continue trucking toward a fiscal cliff.
Show Notes:
Romina Boccia and Tyler Turman, "Food Stamp Shutdown Reveals the Fragility of Federal Welfare," Cato at Liberty Blog, October 30, 2025
Romina Boccia and Tyler Turman, "End Obamacare’s Welfare for the Wealthy COVID Credits," Cato at Liberty Blog, October 23, 2025
Romina Boccia and Tyler Turman, "Welfare Digest | End the ACA Subsidies for the Well-Off," Debt Dispatch, October 22, 2025
Romina Boccia and Ritvik Thakur, "Debt Digest | Remove Obamacare Regulations Instead of Extending COVID-era Credits," Debt Dispatch, October 14, 2025
Romina Boccia, "Shutdown Theatrics Just Distract Us from the Real Problem: Obscene National Debt," New York Post, October 2, 2025
Romina Boccia and Ritvik Thakur, "Debt Digest | Let Obamacare COVID Credits Expire," Debt Dispatch, October 2, 2025
Romina Boccia, "Thoughts About the Government Shutdown," Cato at Liberty Blog, October 1, 2025
Romina Boccia, Ritvik Thakur, and Ivane Nachkebia, "Debt Digest | Government Shutdown Is Likely," Debt Dispatch, September 8, 2025
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Tuesday was Election Day and Democrats won big! Voters in New York City elected Democratic Socialist Zohran Mamdani as their next mayor. In Georgia, Democrats won their first statewide elections in 20 years, flipping two seats on the board that controls electricity costs in the state – a direct response to rising power prices. And in New Jersey, Congresswoman Mikie Sherrill won a tough race to keep the state's governor's mansion blue. While in Virginia, former Democratic House Representative Abigail Spanberger won the governor's race, flipping the state's governor's seat back to the Democrats. For more on the Democrats' big night, we spoke with Pod Save America co-host Jon Favreau.
Show Notes:
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How Virginia Giuffre’s accusations of a decade ago finally brought His Royal Highness Prince Andrew, Duke of York, down to simply Andrew.
Guest: Imogen West-Knights, Slate contributing writer.
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Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther.
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For 60 years, the U.S. government has protected the steel industry through tariffs, quotas, and Buy American mandates. Yet steel costs remain among the highest globally, and protectionism has extracted a staggering price: $650,000 in economic damage for every steel job saved, and 75,000 manufacturing jobs lost in 2019 alone. Cato's Clark Packard and Alfredo Carrillo Obregon investigate why protectionism failed and what market-based solutions would actually work.
Show Notes:
https://www.cato.org/policy-analysis/steeled-protectionism
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A federal judge once again blocked the Trump Administration from sending the National Guard to Portland over the weekend — but if Trump is successful in the courts, Portlanders can look to the great city of Chicago for a preview of what may be in store. Since ICE began operations in September, there have been violent raids on apartment buildings and near-constant activity from aggressive federal agents rounding up immigrants who are being kept in facilities reportedly full of cockroaches and with horrifying examples of overcrowding. And, in some cases, US citizens are getting detained, too. Chicago Mayor Brandon Johnson has faced the brunt of Trump’s attacks on the city, while also reckoning with Chicago’s crime rate and affordability crises that many big cities also face. We sat down with the Mayor to talk about what it’s been like to face down the President while trying to manage the nation’s third-largest city.
And in headlines, President Trump’s tariffs are at the Supreme Court this week, a rundown of the high-profile Election Day races, and 20 Democratic-led states sue the Trump administration over a rule that could block certain public servants from getting their student loans forgiven.
Show Notes:
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