Coffee With Scott Adams — Knowledge Archive August 22, 2026
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much less expensive. So it actually has a specific and immediate economic stimulus component. But that's not the fun part. So Netanyahu said, and I quote, "These are the fruits of peace." He said, predicting that more good news would be coming. Now when you say more good news will be coming and you're prime minister, you don't say that unless you know more good news is coming, meaning that things…

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ll retail places, especially the small independent restaurants, are basically criminal organizations. This is why I'm the only one who'll say this. Small businesses like to do a thing I call not pay their taxes. Or they'll hire a lot of illegal workers, restaurants especially.

So what happened that just demolished all those downtown restaurants probably was just an acceleration of something that was going to happen. Probably doesn't have nearly the economic impact that you think it does, except unemployment. And I think cities probably were going to have less foot traffic anyway because of all the other things happening, the rich people moving away.

So I feel like the stock market is not crazy to be so high lately despite what looks like trouble on the ground, because I think the stock market realizes that if Amazon and Apple are making money like crazy but that little restaurant on the corner went from break even only by cheating on their taxes to nonexistent, probably those people are going to find work as something that's maybe a better thing.

Yeah, the short-term disruption is devastating, so I don't want to minimize the impact on the humans who are involved with those businesses. It's extreme and it's life-ruining in many cases. But if you're looking at the larger economy, it's a brutal economy. People go out of business all the time. It's just that when it's distributed across the country you don't notice. When it's concentrated on one main street, well then you notice. But it's not worse than

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sort of the baseline of companies going out of business all over the place as a normal part of capitalism. So I don't want to act happy that anybody's going out of business. I'm just saying it's accelerating a trend that was going to happen anyway. I'm noticing that Republicans are using a phrase I hadn't seen as much of before. They're saying that the Democrats have made a devil's bargain with…

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