Unconstitutional Agencies, Credit Card Competition, In Praise of Idleness

The Politics Guys

Michael Baranowski

News, Education, Politics

4.4 • 783 Ratings

🗓️ 10 October 2023

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

The preview of this supporters’ midweek episode open's with a discussion of Mike’s favorite federal agency – the Consumer Financial Protection Bureau. The Supreme Court is considering whether the financing system for the agency set up by Congress is unconstitutional. Mike doesn’t think so, but it’s a tougher call for Jay. After that, they look into the Credit Card Competition Act, legislation currently in the Senate that would force Visa and Mastercard to let merchants choose an alternative to them for processing credit card payments. On this, Mike and Jay are largely in agreement – more competition seems like a good idea, despite the scare ads that suggest it will mean the end of credit card rewards program. They close by considering Bertrand Russell’s essay “In Praise of Idleness”. Mike thinks there’s a lot to it, and while Jay sees the merit in some of what Russell argues, he feels that Russell might be over-selling idleness. The Politics Guys on Facebook | X Listener support helps make The Politics Guys possible. You can support us or change your level of support at patreon.com/politicsguys or politicsguys.com/support. On Venmo we’re @PoliticsGuys. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Is crypto perfect? Nope. But neither was email when it was invented in 1972.
0:05.9	And yet today, we send 347 billion emails every single day.
0:12.0	Crypto is no different. It's new. But like email, it's also revolutionary.
0:17.5	With Crackin, it's easy to start your crypto journey with 24-7 support when you need it.
0:22.6	Go to crackin.com and see what crypto can be.
0:25.3	Don't invest unless you're prepared to lose all the money you invest.
0:27.2	This is a high-risk investment, and you should not expect to be protected if something goes wrong.
0:30.9	Atheists, agnostics, long-haired, weirdos, short-haired winters, van, or...
0:35.6	Love the government, the government, hug the government-haired winners. Van Rolego. I'm the government. Love the government.
0:38.6	The government.
0:39.5	Love the government.
0:42.0	Welcome to the politics, guys,
0:43.5	a place for bipartisan, rational and civil debate on American politics and policy.
0:47.8	I'm Michael Baranowski, Professor of Political Science at Northern Kentucky University.
0:52.2	I'm joined today by my conservative counterpart, Cleveland area attorney and defender of freedom,
0:57.0	Jay Carson.
0:58.5	Hey, good afternoon, Mike.
0:59.7	Hey, Jay.
1:00.5	So, as usual, there were a bunch of things that we did not get to on the regular show that I
1:07.5	definitely wanted to talk with you about.
1:10.2	And the first one, which we had
1:12.5	move along in the interest of time, was another one of those Supreme Court oral arguments
	...

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