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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This photograph shows a Dassault Rafale aircraft parked on the tarmac of the French Air and Space Force Luxeuil-Saint-Sauveur Airbase in Saint-Sauveur, France, on March 18, 2025. (Ludovic Marin/AFP via Getty Images)