Bienvenidos. That's California for welcome to the April 16th edition of National Reviews.

Radio Free California podcast. I'm Will Swam, president of the California Policy Center.

I don't know why I'm saying it this way.

You can find my colleagues and me at California PolicyCenter.

org.

You can find my friend and go host David Bonson right here.

He's an economist, the host of the Capitol Record podcast.

He's author of full-time work in the meaning of life. And of course, he's founder of the eponymous investment firm, the Bonson Group.

Hello, David.

Hello, Will. How are you, sir?

I'm apparently on some sort of weird heart medication that has made me emphasize some syllables more than others.

I don't know what's going on with the rhythm of my voice this morning.

Mike Myers, Austin Powers. I can't control with the rhythm of my voice this morning. Mike Myers, Austin Powers.

I can't control.

The volume of my voice.

How you doing?

Well, I'm worried about you, man.

As one ought to be, perhaps, I suppose.

Hey, David, lots going on here.

But before we get to today's news,

let's take a deep dive into history,

not too deep,

...