Hoover Institution research fellow and Iran scholar Abbas Milani joins the GoodFellows to discuss life within the beleaguered theocracy: who’s in charge, and will added economic pressure in the form of a blockade of the Strait of Hormuz, and a halt on Iran’s oil trade bring about an end to the regime. After that: the fellows’ thoughts on Hungary’s election, Iran war “winners and losers”, America’s woeful tax code, and the Artemis II space mission.

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If unexpected wars and oil shocks have been big features of recent history, so too are economic recessions – another downturn perhaps ahead in 2026. Tyler Goodspeed, a former Hoover Institution fellow and author of the forthcoming book, Recession: The Real Reasons Economies Shrink and What To Do About It, joins GoodFellows regulars Sir Niall Ferguson, John Cochrane, and Lt. Gen. H.R. McMaster for a tutorial on economic conditions and lessons past and present. After that: The three fellows discuss the latest in the Iran conflict including the feasibility of a peace agreement by week’s end as demanded by President Trump, the odds of land forces entering the equation in the near future, plus possible economic hardship ahead should the fighting linger. Finally, in the “lightning round”: why the late Stanford biologist Paul Erlich was so amiss in predicting a doomed planet (not unlike climate alarmists) and H.R.’s favorite Chuck Norris jokes in honor of the recent passing of the famed Hollywood tough guy.

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Does the current conflict in the Middle East suggest that America has learned from its recent past wars? Hoover Institution Director and former US Secretary of State Condoleezza Rice joins GoodFellows regulars Sir Niall Ferguson, John Cochrane and Lt. Gen. H.R. McMaster to discuss the prospects of an oil “shock” prompted by a prolonged closure of the Strait of Hormuz as well as a political “shock” back in the US when voters go to the polls in November, China and Russia’s losses in terms of stature and friendly regimes, plus what the Anthropic-Pentagon legal kerfuffle suggests about the role of emerging technology in history’s first AI-enabled war and the problems in being portrayed as a societal menace. Afterwards: the fellows reflect on the 250th anniversary of Adam Smith’s The Wealth of Nations, billionaires in the crosshairs of the “affordability” debate, and why they won’t be watching the upcoming Academy Awards.

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