I'm John Batchel with Professor John Cochran of the Hoover Institution, writing the grumpy

economist about the great stagnation, about 1970, and since then, as John said, our grandparents

grew up in a world where there was horse and buggy and cold in the morning because there was no

central heat, and they watched the moon landing. We grew up in TV and wegy and cold in the morning because there was no central heat,

and they watched the moon landing.

We grew up in TV and we're still living in TV for heaven's sakes.

In fact, we've shortened the package.

We can't spend time on 23-minute, half-hour shows.

We watched it in 90 seconds.

TV.

However, there are things to be done.

One is, let's review.

John says this is not bad guys.

This is dumb laws.

Here's one.

Supersonic flight causes a sonic boom.

What was the problem, John?

How did they solve it?

This is an interesting one because it's another tragedy of a great technological marvel that we don't get to benefit from. But it's a good one because you can see it might not be as impossible to fix. And let me tell you the story. So

supersonic flight, as you may know, the Concord came in in the late 1970s, horribly expensive,

used a lot of gas. But the problem is supersonic airplanes make a sonic boom. So the FAA said,

well, you cannot fly supersonic over the U.S. because we don't want sonic booms. Now, here's the crucial

...