The John Batchelor Show

Professor John Cochrane of the Hoover Institution attributes current inflation to the fiscal theory of the price level. He explains that massive government spending, such as the $5 trillion borrowed during COVID-19 with $3 trillion printed by the Fed, combined with no credible plan for repayment, directly causes inflation. Cochrane differentiates this from monetarism, noting that quantitative easing (printing money and taking back bonds) did not lead to inflation. He emphasizes that the 2022 inflation spike was a loss of confidence in the government's ability to pay its debts. Successful disinflations, he argues, require a combination of monetary, fiscal, and microeconomic reforms. 1867

Professor John Cochrane of the Hoover Institution attributes current inflation to the fiscal theory of the price level. He explains that massive government spending, such as the $5 trillion borrowed during COVID-19 with $3 trillion printed by the Fed, combined with no credible plan for repayment, directly causes inflation. Cochrane differentiates this from monetarism, noting that quantitative easing (printing money and taking back bonds) did not lead to inflation. He emphasizes that the 2022 inflation spike was a loss of confidence in the government's ability to pay its debts. Successful disinflations, he argues, require a combination of monetary, fiscal, and microeconomic reforms. 1920 LANGLEY AERODROME

CONTINUED Henry Sokolski addresses the critical challenge of the US power grid meeting AI data center demands, which are projected to require gigawatt-scale facilities and vastly increased electricity by 2030. He questions who bears the risk and cost of this buildout, advocating for AI companies to fund their own power generation. Sokolski also discusses the debate around nuclear power as a solution and Iran's suspect nuclear weapons program, highlighting the complexities of snapback sanctions and accounting for uranium. 1932

Henry Sokolski addresses the critical challenge of the US power grid meeting AI data center demands, which are projected to require gigawatt-scale facilities and vastly increased electricity by 2030. He questions who bears the risk and cost of this buildout, advocating for AI companies to fund their own power generation. Sokolski also discusses the debate around nuclear power as a solution and Iran's suspect nuclear weapons program, highlighting the complexities of snapback sanctions and accounting for uranium. 1936 FDR

CONTINUED Richard Epstein discusses federal district court judges defying presidential orders, attributing it to a breakdown of trust and the president's "robust view of executive power" that disregards established procedures and precedents. He explains that judges may engage in "passive resistance" or "cheating in self-defense" when they perceive the president acting for political reasons or abusing power, such as in budget cuts or dismissals. Epstein also links this distrust to gerrymandering and increasing political polarization. 1936

Richard Epstein discusses federal district court judges defying presidential orders, attributing it to a breakdown of trust and the president's "robust view of executive power" that disregards established procedures and precedents. He explains that judges may engage in "passive resistance" or "cheating in self-defense" when they perceive the president acting for political reasons or abusing power, such as in budget cuts or dismissals. Epstein also links this distrust to gerrymandering and increasing political polarization 1932 FDR IN ALBANY

Max Meizlish, a senior research analyst, highlights how Chinese money laundering networks are fueling America's fentanyl epidemic by cleaning drug proceeds for Mexican cartels. These networks also enable wealthy Chinese nationals to bypass capital controls and move money out of China. Between 2020 and 2024, the Financial Crimes Enforcement Network (FinCEN) tracked over $312 billion in suspicious activity linked to these networks. Meizlish suggests the Chinese Communist Party might be aware of, or even permit, some of this activity, especially if it benefits its members. He advocates for targeting Chinese chemical precursor companies and using economic sanctions to combat this issue. 1966 Retry

Jim McTague reports from Lancaster County, PA, challenging the narrative of an economic slowdown. He shares examples of busy local businesses like "Phil the painter" who has never been busier. McTague observes a trend of housing price cuts, but notes vibrant local tourism and events. He highlights the significant economic boost from two new data centers, creating 600-1000 construction jobs and 150 permanent positions, bringing the county into the 21st century. 1910 BRADDOCK

CONTINUED Gene Marks describes a mixed economic picture, noting that a national "slowdown" isn't universally felt, with many small businesses thriving. He highlights challenges like rising healthcare costs, spurring interest in self-insurance and health reimbursement arrangements. Marks discusses AI's impact on the workforce, specifically reducing sales and tech roles in large companies like Salesforce, but predicts a surge in demand for skilled trades not easily replaced by AI. 1918

Gene Marks describes a mixed economic picture, noting that a national "slowdown" isn't universally felt, with many small businesses thriving. He highlights challenges like rising healthcare costs, spurring interest in self-insurance and health reimbursement arrangements. Marks discusses AI's impact on the workforce, specifically reducing sales and tech roles in large companies like Salesforce, but predicts a surge in demand for skilled trades not easily replaced by AI. 1920 ROOSEVELT AND COX

Lorenzo Fiori shares a traditional Milanese recipe for "rice with saffron" (risotto alla Milanese), often served at La Scalagala dinners, describing it as delicious and creamy with parmesan cheese. He recommends pairing it with Italian wines like Barolo or Barbaresco from Piedmont. Fiori also discusses Italy's economic concerns regarding political instability in France and Germany, and the ongoing international interest in NATO events. MILAN

John Bolton criticizes the "two-state solution" as a dead idea post-October 7th, proposing a "three-state solution" where Gaza returns to Egypt or is divided, and the West Bank is managed by Israel and Jordan. He emphasizes "De-Hamasification" as crucial and humanitarian, arguing that Arab nations, particularly Egypt, resist taking Gazan refugees due to fears of importing Hamas/Muslim Brotherhood influence. Bolton believes this is necessary for a stable future in the region. 1917 GAZA

PREVIEW 6: Investigating Mysterious Martian Slope Streaks John Batchelor speaks with Bob Zimmerman about unexplained geological features on Mars called slope streaks. These features resemble stains or avalanches but do not alter topography and lack debris. They sometimes even flow uphill. Theories suggest causes like dust or brine, but the exact mechanism is unknown. The Curiosity rover recently captured an image of a potential slope streak, offering a unique opportunity to study them closely and understand their origin. 1954

PREVIEW 5: Economic Indicators Show Positive Trends John Batchelor converses with Gene Marks, a columnist for the Guardian and Philadelphia Inquirer, about the economy. He reports strong demand across various regions, noting that demand picked up after the recession. According to ADP data, annual raises average 4.5% for employees staying in their jobs and 7% for those changing jobs, outpacing the 2.5-3% inflation rate. The booming stock market contributes to people feeling wealthier, benefiting the contracting and construction industries.

PREVIEW 4 Unanswered Questions on Iran's Nuclear Program John Batchelor converses with Henry Sokolski, executive director of the Nonproliferation Policy Education Center, regarding challenges faced by the IAEA concerning Iran's nuclear program. European nations and the US have sanctioned Iran, which seeks to avoid further economic penalties. A key difficulty is accounting for uranium, as the initial amount is unknown and covert production may have occurred. If Iran fails to comply, Germany, the UK, France, and the US might impose more sanctions, potentially prompting Iran to withdraw from the Nuclear Non-Proliferation Treaty.

PREVIEW 1: A discussion with John Bolton about Middle Eastern issues, specifically the situation in Gaza and the concept of "DeHamasification". Bolton examines the complex political and military dynamics in the region, exploring potential solutions and challenges facing Israeli security efforts. The conversation addresses broader implications for Middle Eastern stability and international relations.

PREVIEW 2: A conversation with Professor Richard Epstein regarding federal court judges and their relationship with the chief executive and the Supreme Court. Epstein analyzes judicial independence, constitutional interpretation, and the balance of power between branches of government. The discussion explores how federal courts navigate political pressures while maintaining their constitutional role.

REVIEW 3: A segment with Lorenzo Fiori, discussing an Italian recipe for Milan rice with saffron and wine recommendations. Fiori shares culinary expertise on preparing this classic Milanese dish, explaining traditional techniques and ingredients. The conversation includes pairing suggestions and cultural context about Italian cuisine and dining traditions from the Lombardy region.

CBS EYE ON THE WORLD WITH JOHN BATCHELOR SHOW SCHEDULE 9-11-25 GOOD EVENING: The show begins in Brussels at the Article Four meeting called by Poland. 1942 FIRST HOUR 9-915 McCausland: Jeff McCausland analyzes Russia's drone probes into Poland, viewing them as Vladimir Putin's attempt to intimidate NATO and gather military intelligence. He notes Dmitry Medvedev's aggressive rhetoric against Finland. McCausland also discusses Israel's strike against Hamas in Doha, impacting US-Qatar relations, and US military posturing near Venezuela to intimidate Nicolás Maduro. He warns against "gunboat diplomacy" and a "war on cartels," stressing the dangers of escalation and historical lessons. 915-930 CONTINUED McCausland: Jeff McCausland analyzes Russia's drone probes into Poland, viewing them as Vladimir Putin's attempt to intimidate NATO and gather military intelligence. He notes Dmitry Medvedev's aggressive rhetoric against Finland. McCausland also discusses Israel's strike against Hamas in Doha, impacting US-Qatar relations, and US military posturing near Venezuela to intimidate Nicolás Maduro. He warns against "gunboat diplomacy" and a "war on cartels," stressing the dangers of escalation and historical lessons. 930-945 Mary O'Grady analyzes Argentine President Javier Milei's significant election loss in Buenos Aires, attributed to a corruption scandal involving his sister and the slowing economy. His brash style, while initially appealing and celebrated internationally, now alienates potential congressional allies and conservative voters. O'Grady suggests this approach is ill-suited for governing, hindering his economic reforms, as he struggles with high inflation and cuts to public subsidies, impacting public perception.945-1000 Chris Riegel, CEO of scholar.com, counters AI doomsayers like Geoff Hinton, emphasizing AI's transformational potential as a tool. He highlights the mmense investment, hundreds of billions, in building gigawatt-plus data centers across the United States. This infrastructure drive is creating new industries and jobs, establishing the US as a global leader in AI, while also noting Asia's keen interest in US AI technology and Europe's lack of a cohesive strategy. SECOND HOUR 10-1015 Jonathan Conricus observes Qatar's unprecedented move to engage beyond conventional tools, which Israel is closely monitoring. He suggests Israel's recent strike could signify a new deterrence doctrine, making Hamas leaders in Doha more vulnerable. This pressure might compel Hamas to accept Israel's terms for ending the conflict, which include releasing hostages and surrendering, thereby preventing further destruction and suffering in Gaza, despite the significant costs involved for Israel.1015-1030 CONTINUED Jonathan Conricus observes Qatar's unprecedented move to engage beyond conventional tools, which Israel is closely monitoring. He suggests Israel's recent strike could signify a new deterrence doctrine, making Hamas leaders in Doha more vulnerable. This pressure might compel Hamas to accept Israel's terms for ending the conflict, which include releasing hostages and surrendering, thereby preventing further destruction and suffering in Gaza, despite the significant costs involved for Israel.1030-1045 Ben Baird reveals US government agencies, under both Obama and Biden administrations, continuously funded extremist Muslim groups. Despite warnings and previous Trump administration cuts, over $25 million in grants went to organizations with alleged ties to terrorism, antisemitism, the Muslim Brotherhood, and Hamas. This included partnering with groups like CAIR, which also provided firearms training to radical mosques, raising serious questions about oversight and vetting standards for federal funds.1045-1100 Jonathan Speyer reports on Houthi attacks on Red Sea shipping and Israel, sustained by Iranian, Iraqi, Hezbollah, and even Chinese support. He describes the Houthis as fanatical, religiously...

Professor Evan Ellis details Peru's complex political landscape under unpopular President Dina Boluarte, its strategic importance due to mineral resources, and substantial economic ties with China, including the Chancay deepwater port. He also addresses the escalating Venezuelan situation, with a US Marine Air-Ground Task Force deployment and bounties on Nicolás Maduro, suggesting potential military action. Additionally, he touches on Bolsonaro's trial in Brazil and Guyana's newfound oil wealth amid Venezuelan threats. 1884 GUADALAJARA