On Sunday, President Trump rejected Iran’s latest response to his administration’s ceasefire proposal by taking to Truth Social, calling it "totally unacceptable." In the meantime, the Strait of Hormuz, a critical oil chokepoint through which a fifth of the world’s oil travels, remains effectively blocked. And people everywhere are beginning to feel the squeeze. The national average cost of gas is now $4.55 per gallon, and diesel is inching closer to $6 a gallon. The Philippines has long declared a national energy emergency, government workers moving to a four-day work week. Lufthansa has canceled 20,000 flights through October of this year.
But curiously, you wouldn’t know it if you wandered down Wall Street. Last week, the S&P 500 Index and Nasdaq Composite hit an all-time high, and both have continued to climb this week. This week, host Brooke Gladstone sits down with <a href="https://www.vox.com/authors/bryan-walsh" rel="noopener noreferrer">Bryan Walsh</a>, editor of Vox’s Future Perfect section, to discuss the phenomenon of “economic blindness,” or the jarring mismatch between economic reality and the markets. Plus, how human evolution may play a role in this cognitive dissonance.
 
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