Coffee With Scott Adams — Knowledge Archive July 2, 2026
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ctors and it's a Nazi dancing troupe. And then you send them to every event that the Democrats do. Now even though they would be clearly labeled as entertainment, you know they would not be trying to present themselves as actual neo-Nazis, how many times do the Democrats have to see the dancing Nazis attempt to attend their events before they feel uncomfortable with the whole idea? I think the Re…

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erbole. Like what's that mean? Are you talking about something specific? Now it's the headline. The headline to CNN is that the economists don't understand the economy. It's the headline, right? How many people thought it was ridiculous when I said that the experts don't understand the economy? It sounded ridiculous, didn't it? But now it's common understanding.

How many times have I done that? Do you remember in 2015 I told you that Trump was persuasive and do you remember the response I got to that? He's not persuasive. Come on, he has what, 13 percent support even among Republicans, right? 13 percent. Come on, he's anything but persuasive. He's a big crazy clown. He doesn't know what he's doing. And now what's the headline today? The headline is that Trump is so persuasive that he may have accidentally triggered something like an insurrection because he's so persuasive. And that the entire more than half the country believes the election was sketchy. More than half the country. That number has never been achieved or even close. That's all Trump. That's all Trump. He is literally proven to be the most persuasive human in modern civilization I think. And people laughed at me when I said you have no idea what's coming here in 2015.

You don't see this coming but trust me I have just the right skill set that I can look through this little window. There it is.

All right. So nobody understands economics specifically. And this is one of those things you can do when you have no shame. Just try to imagine yourself doing this. This is something that I did in public in the most public way. I have a degree in economics and I have an MBA and I'm an adult who has lived in the world and watched the news closely for decades. And the other day I tweeted that I don't understand the unemployment number. Like I don't even understand that. What the hell is going on? How in the world could the economy be having so many problems and the employment looks great?

Now many of you said, Scott, Scott, Scott, everybody knows it's because people left the employment pool. I know that. That's not the part I don't understand. I get that the employment is only of the people who are looking for a job. So if fewer people say they're looking for one, well you've got full employment. Yeah I get that. That doesn't come close to explaining what we're seeing. If that explained it fully it's part of the story, of course it's part, but there's something else going on here and I don't know what it is.

And I have a hypothesis and I would expect to win the Nobel for economics for the following hypothesis. And by the way I'm not even kidding. I'm not joking. I'm going to add a hypothesis to the body of economics that I don't think you've seen that will explain all the things that don't make sense right now. It goes like this. Economics ass

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umes a small range of change. Economics assumes that the world changes at a somewhat predictable regular pace or at least is the same as it was the last 10 years. Right? Maybe modern day has changed faster than old days but if the last 10 years would be a pretty good proxy for change. So everything that you know about economics, every common assumption, is assume that the base of all of our assump…

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