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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President Donald Trump shakes hands with President of the European Commission Ursula von der Leyen as he announces a trade deal with the EU at Trump Turnberry golf club on July 27, 2025, in Turnberry, Scotland. (Andrew Harnik via Getty Images)