Walter Russell Mead discusses why so many Americans are living at home, the Biden administration’s Iran policy, whether parts of Oregon will break off and join Idaho, and why elites are more miserable than normies on What Really Matters.

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US President Donald Trump reacts after signing executive orders imposing tariffs on imported goods in the Rose Garden at the White House on April 2, 2025, in Washington, DC. (Andrew Harnik via Getty Images)