Welcome to this episode of the award-winning Best of Life podcast. Today, we examine how the U.S. War on Iran is producing an economic crisis with echoes of the 1970s stagflation era, which explains why Trump is now less popular on inflation than Jimmy Carter. We'll also be exploring various elements of the structures

of our economy, including how GDP became a deeply misleading measure of welfare, why consumer

spending increasingly goes toward things people don't want to buy, and how gambling and junk

fees are literally counted as economic growth. For those looking for a quick overview,

the sources providing our top takes in about 55 minutes today include All In With Chris Hayes,

Economic Update, the NPR Politics podcast, the Brian Larrer Show, The Daily Blast, and

pitchfork Economics. Then, in the additional deeper dives out of the show, there will be more

in four sections. Section A, the pump and the war. Section B, lies, spin, and the roaring

economy. Section C, the boom session, and section B, what this costs real people. And now,

on to the show.

Thank you. people. And now, on to the show. Donald Trump is in the midst of learning a political lesson that you would think he,

above anyone else, would know, right? The lesson is that people really care about gas prices.

Have you heard that one? Oil, natural gas, gasoline are the most

important commodities in the world. They are what modern civilization runs on. I think that's about

to change because of how cheap and incredibly clean energy has gotten. But right now, you quite

simply cannot run your society without fossil fuels. There's no other option. When the prices

go up, people get pretty upset about it.

And right now, prices are, as you may have noticed, way, way up, because Donald Trump and Benjamin

Netanyahu started a pointless war in Iran. A war that killed 6,000 people, injured countless

others, displaced a million more, has caused untold human misery and upended

the lives of many, many people. It is also, as you might have heard, happened to disrupt

the global supply chain for the world's most important commodity, the thing modern civilization

...