Dr. Janice Stein

Okay.

You know, because you've been reading the same stuff and I've been reading, there have been some interesting things.

What is this like?

You know, is this Vietnam?

Is this Vietnam?

And, you know, here's the difference between Vietnam and between Putin's war in Ukraine.

How long did it take Donald Trump to realize he lost his one and pull the plug?

It's really quite interesting because normally what happens, what happens, why do leaders stay the course even?

And Lyndon Johnson was the famous one.

And even Richard Nixon and the great Henry Kissinger took three years to stop it.

It's because of what we call sunk costs.

If you've ever played any game of cards for chips or money –

You put your chips on the one hand, you'll lose them.

You don't leave the game because you've already got those sunk costs you've lost and you're convinced that if you just stay a little longer, if you just do a little more, you can get it back and maybe even do a little better, right?

And that's probably the most powerful explanation we have for why leaders invest more in a war and keep it going even though it's clear that they've lost it.

I have to say that this businessman dealer figured out quite quickly that he'd lost it.

And it's three months instead of how many years in Vietnam or how many years in Ukraine.

Of course not.

In part because all those wars were, and we're going to come back and talk about this, about regime change.

Of course it was.