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April 24, 2026 - Bannon's War Room
48:51
Episode 5325: Founder's Fire From 1776 Tp the Age Of Trump

Steve Bannon and Arthur Herman dissect "Founders Fire," linking the 1776 revolutionary spirit to modern entrepreneurs like Elon Musk and Donald Trump. They analyze mission-driven attributes exemplified by George Washington's Delaware crossing and Henry Ford, contrasting this legacy against a "dying regime." Drawing from Herman's research on WWII production and his controversial biography of Joseph McCarthy using Venona decrypts, the discussion frames American exceptionalism as an optimistic resource for the 250th anniversary, suggesting that true leadership requires hands-on detail and risk-taking beyond immediate problems. [Automatically generated summary]

Transcriber: CohereLabs/cohere-transcribe-03-2026, MahmoudAshraf/mms-300m-1130-forced-aligner, sat-12l-sm, script v0.9, and large-v3-turbo
Participants
Main
a
arthur herman
24:22
s
steve bannon
r 18:15
Appearances
Clips
j
jake tapper
cnn 00:08
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Speaker Time Text
Founding Fathers Vision 00:12:47
steve bannon
This is the primal scream of a dying regime.
Pray for our enemies, because we're going to medieval on these people.
Here's the thing I got a free shot on all these networks lying about the people.
The people have had a belly full of it.
I know you don't like hearing that.
I know you're trying to do everything in the world to stop that, but you're not going to stop it.
It's going to happen.
jake tapper
And where do people like that go to share the big lie?
MAGA Media.
I wish in my soul, I wish that any of these people had a conscience.
steve bannon
Ask yourself.
What is my task and what is my purpose?
If that answer is to save my country, this country will be saved.
unidentified
War Room.
Here's your host, Stephen K. Bann.
Okay, welcome.
steve bannon
Nothing could be more important in our, what is the 250th year of the commemoration, celebration, remembrance of our founding, the revolutionary generation, the founding of the nation.
It's going to take place.
July 4th, and there's lots of events that are going to lead up to it.
I kind of got briefed the other day on what's going to happen on those couple of days.
It's going to be really incredible.
But I think, in homage to the revolutionary generation, probably the best thing we do is talk about this country and the ideas that's driven it to be such what do we call it American exceptionalism.
Because I think in today's time with wars going on and The economy, everything going on, technology, we kind of lose sight of that.
We're honored to have Arthur Herman.
Arthur, I want to do this for a long time.
He had an hour a while back, but I've always wanted to get you in studio.
Founders Fire is the new book, it's just out.
And with all your other books, because you're to me, you're my go to guy for the history of this country and just what not even this country.
I just talking about the end of World War I, Gandhi and Churchill, so many.
We're going to get into all that.
But founders fought a fire, and here's what I love about this it's a totally different take.
You kind of combine two big ideas.
And you take it, the energy of entrepreneurial America, of American exceptionalism, which is about the founder, the founder of institutions, the founders of companies, this driving force, and you go back and you tie it actually back to the founding of the Republic.
And you interweave those two stories of the kind of evolution of our history, but do it around individuals as founders.
And you lay out kind of six principles of what these founders are.
So, first off, how did you get the idea?
Given the fact that you've written so many.
Fascinating books about the Vikings, about Churchill, about Gandhi, about how we won World War II part of the way was because of the industrial capacity.
How did you come up, given that people I'm sure came to you and said, look, Arthur, we've got to get a big book out of you for the 250th?
That's right.
How did you figure on this whole concept of the Founder's Fire?
arthur herman
Founder's Fire.
It really began, Steve, as a Meditation on one of the most important themes of that book that you just mentioned, The Freedom's Forge, How American Business Produced Victory in World War II.
unidentified
Say it again?
steve bannon
It's kind of a sequel to that.
unidentified
It is.
steve bannon
I thought of it in that way.
That book is so unique, and you really lay an aspect that people don't think about in World War II.
arthur herman
You know, and it's been hugely influential, too, in ways that even surprised me, because it really has made, in the last couple of years, last half decade, has made a lot of people in Washington, on Capitol Hill, On the Pentagon, think about we built a defense industrial base that was so efficient, that was so innovative and productive.
How come we don't have one like that now?
And that book gives a picture into the kinds of people and the kinds of technologies that made it possible for the United States to go from basically a standing start in the summer of 1940 to become the greatest military industrial complex in history.
Not just through the war, but then afterwards in the Cold War and go on to win the Cold War.
steve bannon
I don't think you fully appreciate how big that book was.
In President Trump's first year of his first term, we went out to one of the facilities you actually talk about in the book.
And we had Tucker Carlson sit up and did an interview.
And in the lobby of that, I think it was associated with the Ford Motor Company, that they actually had copies of your book.
arthur herman
Was that at Willow Run?
unidentified
Yes.
steve bannon
We're sitting there.
To hand out to people that would come in, and I go, Oh my lord, this is the book that inspired us to come here.
arthur herman
That's a great story.
I love that.
And yeah, it had enormous influence, still does in a lot of ways.
What this book does, Founders Fire does, is to look at that fundamental issue.
And that is, it's not just a question why we have a defense industrial base today that looks so different and has fallen really on hard times.
It's not just about legislation or about The Pentagon's master plans or strategies or even technologies.
It's also about people.
And what we unleashed in the World War II era was a series of really heroic individuals.
I talk about them in the book, like Henry Kaiser and Bill Knudsen and Henry Jackson Higgins, who built the Higgins boats that landed GIs on the beach at Omaha Beach, and Roy Grumman, who supplied the U.S. Navy with all of its combat aircraft, its key combat aircraft.
What is it that makes America the kind of place that creates more of these types, these founder types, than any other country in the world?
I mean, they exist elsewhere.
Winston Churchill, you mentioned my book on Gandhi and Churchill.
He's clearly someone who fits within that founder mentality, that kind of combination of vision and drive and willingness to take risks.
But there's something special about America that really thrusts people like that.
And makes them spring up from the ground throughout our history.
steve bannon
This founder's mentality, you lay out six attributes, right?
First is mission and vision driven.
What does that mean?
arthur herman
In other words, what they have is an idea that when they create a business or an institution or create even a movement, that what they have in mind is something which is not just to address a set of issues today.
You know, I've got a, I'm going to build a better mousetrap, right?
But really to rethink what is a mousetrap.
What is the future going to look like, and what role does my company or my institution or my role as president play in shaping that future all the way out to the far horizon?
That's the vision.
steve bannon
They have to have that vision.
arthur herman
That's one of the things.
And that is.
unidentified
Yes.
arthur herman
That's one of the things that distinguishes them from your ordinary entrepreneur.
And I have a lot of respect for entrepreneurs.
But by and large, entrepreneurs are thinking here's a problem, I've got an answer, I can get rich really fast if I put these two things together.
The founder looks to build out.
Far beyond just the president.
steve bannon
You talk about, you get a great quote in here about, and it ties it back to the Declaration of Independence.
We're almost in that time when that committee, that subcommittee was set up.
You quote about the vision.
You quote John Adams and said, There is nothing more ancient than the observation that the arts, sciences, and empire had always traveled westward.
And in conversation, it was always added, since I was a small child, that their next leap would be over the Atlantic into America.
arthur herman
And that's what the founding fathers all understood.
Adams, Washington, Jefferson.
What they were doing that summer in 1776 was not just declaring independence from Britain.
What they were also doing was creating a vision of what liberty could look like for the future.
They understood what was happening in world terms.
And that gave them both a sense of responsibility that we're here not just to declare independence from King George and to.
List all the terrible things he's done to the people of the world.
steve bannon
Which is in the document.
But it's not in the beginning of it when they set the framing.
arthur herman
When they set the framing, they're talking about when, in the course of human events, not just in the course of British events or the events here in the colonies, but in the course of human events, that this was a moment in human history that motivated them to take the kinds of steps, including the risks that they took in order to fulfill that dream.
steve bannon
And then they tie it back to that amazing phrase.
In pursuit of happiness.
arthur herman
In pursuit of happiness.
steve bannon
Which is never in human history.
arthur herman
I am hoping we're going to come back to that because I think, in many ways, Steve, what happened and why what they do in 1776 lives on and becomes a fundamental part of how our world and America is shaped even today and throughout its history is because through the founding fathers, they gave to America a legacy, a series of gifts to the future about what happened and what has shaped American history.
To this day.
First of those gifts, I'll say, just to summarize them real quick.
The first of those gifts was presidential power.
The Constitution.
steve bannon
In the office of the president.
arthur herman
And the office of the president.
The executive power.
This was a hugely controversial move because, after all, America had just gone through the experience of dealing with a monarchy, with a king, and deeply worried about why would you create an executive who is going to.
steve bannon
Executive that had as many, an all powerful executive that almost has as much power as the monarch.
That we're about to have a war to make sure we set this thing up.
arthur herman
And it's Hamilton who understands, who says that office is where the energy of this new constitution of government, where that founder's fire will be found to take strong action.
And again, it's deeply controversial then, and it's very controversial now when we have the Article II powers that we've developed.
unidentified
That's right.
steve bannon
Well, then you say, and this goes back to the argument we make of the Article II powers.
He's Chief executive officer of the United States, so that any budget is a floor.
The appropriations bill is a law, but it's a floor, not a ceiling.
He can fire anybody.
Number two, he's commander in chief of the armed forces.
unidentified
That's right.
steve bannon
Virtually unlimited power, like Lincoln had.
And he's chief magistrate and chief law enforcement officer of the country, which is the biggest fight they've got with us right now.
arthur herman
Right now.
steve bannon
Your second, you say, is they have to be incurably hands on and detail oriented.
This is the second part of that.
What do you mean by that?
arthur herman
They mean in the sense that the business or institutions.
They are, but they also want to see how that vision is being carried out on a daily basis.
They want to go and meet with the customers.
They want to go and meet with the employees.
They want to see how that vision, the company they're building, the institution, is really taking place on the ground.
The last place founders want to be is withdrawing to the corporate boardroom, to have that corner office and to spend all their time going through memos and checking off boxes supplied to them by managers and vice presidents and so on.
They had this instinctive desire to take control, to pay attention to every detail of what happened.
steve bannon
This gets back to people like Edison and Henry Ford.
arthur herman
Back to Edison, Henry Ford.
It gets back to George Washington, who paid very strict attention to what his cabinet members were doing, spent his time, hours sometimes, talking to each cabinet member about what was happening and what was taking place, and where the work that they were doing, whether it was as Secretary of State or whether it was as Secretary of War, Where that was headed and where that was going.
steve bannon
You know, it's interesting because in his, he didn't, Adams was not invited to a lot of the cabinet meetings because in working through how the system was going to work, he didn't want an intermediary between, not that he had anything against Adams per se, but he didn't want a vice president that the cabinet would think that the vice, it was some chain of command where the vice president would come.
Presidential Power Drive 00:04:17
steve bannon
He wanted to deal with, that's right, particularly Hamilton and Jefferson quite directly.
arthur herman
Quite directly.
And it's the relations between you and me as chief executive, as president.
And there is no, There's nobody sitting in the ante room at a desk or a table deciding who it is I'm going to see and who it is I'm not.
steve bannon
I tell you what, we're going to take a short commercial break here.
Arthur Herman, you've written how many books?
arthur herman
This is number 11.
steve bannon
This is number 11.
Incredible.
When did your first book come out?
arthur herman
First book came out in 1997.
The Idea of Decline.
Yeah, that was awesome.
steve bannon
The Idea of Decline.
I've read so many books.
arthur herman
Which I know we've talked about and so on.
And you're part of that dedicated cult of followers who love that book.
Love it.
And you know, every once in a while I'll dip back, go back into it, look at it, and I sort of say, damn, I was good.
unidentified
You were very good.
steve bannon
And at the time, I tell you, it was a, for those of us that read it, and there were a lot, I think it informed.
unidentified
And you know what?
arthur herman
This book is very similar in the sense that they both breathe this air of optimism about the future.
steve bannon
Well, that's particularly where we are today.
And this is not happy talk just about American exceptionalism.
You go back, you're grounded in the details.
That's what I love about you.
Roll your sleeves up on every book.
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unidentified
virtual.com.
steve bannon
End of the dollar empire.
Arthur Herman is in the house and we'll be back in a moment.
Okay, welcome back.
Founder's Fire, not just for yourself, but for anybody else, particularly people saying, oh, we're so overwhelmed by our issues and problems.
unidentified
We're in a war.
steve bannon
We've got discontent going on in the 30 Front War here in the United States.
Founder's Fire by author Herman.
It's his 11th book.
I'm glad to say I'm beyond a fan, probably in the cult of author Herman.
I've read all 10.
arthur herman
I encourage that, by the way.
steve bannon
And here's the thing I've given your books out to so many.
Well, we're going to get back into this book.
I'm not going to go through the whole book because I want you to get it.
More importantly, I want you to get it also for a friend and a young person.
In this 250th year, I think this gets to the from 1776 to the age of Trump.
You talk about the drive and the initiative and the vision of founders, but you tie it back to the revolutionary generation.
And then you go through the entire history of the country, how this continues to drive America forward.
And that's why this book is not just for yourself.
Get a couple of copies for friends.
And I give Arthur Herman books out all the time.
I am particularly being a former naval officer.
I always give one of my favorites to Roll the Waves.
unidentified
Oh, yeah.
steve bannon
Because you talk about one of the most unique institutions in this world, the Royal Navy, and how it was created and what it had to go through and its struggles.
And what you do in your books, it's not happy clap, but you show the resistance, whether it's Gandhi and Churchill, you show the resistance that people have and how they overcome it just by determination, as you say, keeping the vision.
In this, before I get back, going to the punch list, you said there are three gifts.
That also we have to be cognizant of.
arthur herman
Cognizant of one I just mentioned, which was presidential power embedded into the Constitution, giving one person in particular that ability to use that founder's sense of vision, sense of drive of will, willpower, and also to a bias towards action.
Royal Navy Origins 00:09:09
arthur herman
That the president was there, not just to sign.
steve bannon
That was principally driven by Hamilton.
arthur herman
Driven by Hamilton.
steve bannon
He was really the son he never had.
arthur herman
He never had.
But Hamilton understood that what George Washington brought.
To the role of president, the very first president of the United States.
I talk about it in the book in detail.
That everything he brought to that his prestige, his record of success, both as general, but then also as leader in shaping the U.S. Constitution, as chairman of the Constitutional Convention that was not just something that would die off with or leave office with Washington.
It needed to be embedded in the institution itself.
unidentified
Wow.
steve bannon
And the way to do that was to do it and start to build the institution, the office of the presidency.
arthur herman
And even to be in a situation that even the president could be in a situation where he could oppose.
The legislative majority, if he feels it's something that needs to be done and something that's right, and it have the means by which to carry that out in the face of that kind of opposition.
steve bannon
Did Hamilton, given he was his aide de camp for the whole Revolutionary War period and saw some of the lowest of the lows, because we talk about Washington today as a founder, but he was attacked viciously when he was the commander of the Continental Army by certain elements.
arthur herman
Within the army and certain elements in Philadelphia that were always second guessing, they were always thinking, Got to fire this guy and find somebody else.
steve bannon
People today, as history is taught, are shocked by that.
I don't know how this guy slept every night because they were viciously.
You think they're after Trump, which they are, they were after Washington just as badly.
arthur herman
And they were always questioning his strategy, always questioning about why you're doing this, fighting this kind of a war.
You really should simply retreat into the mountains rather than try and mount a conventional.
Confrontation with the British in arms and with an organized soldiery.
And then, why are you taking on the British at all?
Of course, that was the other thing that every founder has a key characteristic a willingness to take on risk, willing to take on, to see in facing a situation, not just the risk that comes with it, but the opportunities that lie on the other side.
And that's true for business founders.
It's true for presidents who have had that kind of founder instincts.
It was certainly true of Washington.
You think about that single stroke of crossing the Delaware on Christmas Eve when his army was at its lowest point through desertions, through the loss of state militias who said, you know, our time is up.
We're going home.
We're done with it.
We're done with this fighting for now.
steve bannon
You know, we try to teach here in the war room.
That in the period that we're in now, 250 years ago, the beginning of the hey, we need to have a statement to have a purpose to this if we're going to do it, after all their other avenues were concluded, the subcommittee that met and it came up with this magnificent document, the Declaration of Independence, that at the very moment, you know, around July 4th, which we'll celebrate, the British Expeditionary Force, the largest expeditionary force in human history,
had already left Nova Scotia and other places to come for a military conflict.
And from Late July or early August, 30 days after, less than 30 days after the signing, we were in one of the toughest military conflicts we've had.
And from Staten Island and Long Island and the Battle of Brooklyn and Manhattan, it's a continual retreat under fire, strategic retreat by Washington to you get across the Delaware.
And then over Christmas, the whole nation could have been over.
And we have been part of the British Empire in the first 120 days.
And he had people in Philadelphia.
On him nonstop.
This guy doesn't win.
He had a disaster in Brooklyn.
He had a disaster on Long Island.
This is going to be over.
And I tell people if you think you're under pressure, you think President Trump, who's constantly under pressure, you cannot imagine the pressure that this individual was under.
And is that kind of, I guess, founder's fire that gets you through?
arthur herman
That's right.
I mean, and you just said it in Washington's case, it's the nation itself, the survival of American independence that's at stake at that moment.
When he decides we're going to go across the frozen Delaware, we're going to take an enormous risk to counterattack the Hessians, which was not in itself a great strategic goal in many ways.
But he had to prove that he had a fighting army on his side and that he could beat the Delaware founders.
unidentified
You talk about risk for the founders.
steve bannon
When you're sitting there and talking, because he didn't really have a council war, but there are even guys in his inner circle that were not wildly enthusiastic about that night.
First off, there's a Northeaster.
It's almost zero degrees.
The Hessians are probably better even than British regulars because they're German mercenaries who know how to fight.
And they have kind of psychologically scared so many people because of their viciousness.
If you had to pick long odds, because nothing's harder than a river crossing under.
Under fire.
arthur herman
Under blizzard conditions as well.
I mean, that was the other thing about it, too, that there were three columns that were supposed to head out, as I describe in the book, that were supposed to land on the other side of the river.
Only one of them made it because the others had to turn back because the weather was so bad.
But Washington's did.
And even those who had that.
steve bannon
Is that what you mean by Founders Fire and the grit?
Is that his did not?
The other two, very logically, because it was so awful.
arthur herman
Don't try to say that we can't.
It can't be done.
steve bannon
Washington, in the States.
arthur herman
And you know, you just touched on something else that's really important, Steve, and that is, yeah, there were a lot of doubts, even within the ranks, even within his own command chain about this strategy and about the way we're doing it, but they trusted Washington.
They felt if he feels it's possible to do it, then it's got to be possible to do it.
And that's one of the other key characteristics, I think, of founders, is that they build around them and draw together a team of dedicated, loyal lieutenants.
Who carry out, who share the vision, who understand the vision, and who act in order to carry that out.
steve bannon
This is Nelson had, in the entire Royal Navy, they had this, it became kind of the cult of Nelson, that he had a group of frigate commanders who looked up to him, but they were, and that's what created the Battle of the Nile and Copenhagen and eventually Trafalgar, that he had these individuals, because his strategy was a little different than the normal strategy taught by the Royal Navy.
arthur herman
Well, you had to have, in Nelson's case, What he had to do was he had to have people who would understand his orders almost as soon as he gave them and who realized that everything didn't happen.
unidentified
Implement on their own.
arthur herman
I don't need to.
You didn't have to spend it out on paper.
unidentified
I don't need to.
arthur herman
You know what I want to do, and I'm just going to turn you loose to go and do it.
And think how many business founders have around them that kind of tight knit, disciplined, loyal group who likewise read the mind of the founder, understand his vision, and know what they need to do in order to fulfill that vision.
That was true for Henry Ford.
It was true for John D. Rockefeller.
True for Edison, Thomas Edison, with the team that he built around Menlo Park.
It was true for Abraham Lincoln when he ran for president in 1860.
He had this band of loyal, led by David Davis.
steve bannon
He didn't even go to the convention that nominated him, and that convention was a knife fight.
unidentified
Totally.
steve bannon
They knew what he wanted to do, they kind of had it, and he just devolved the.
Command to people that are going to be there.
arthur herman
And I think you see it with our current president.
You know, he has, his first term, he learned you can't operate as president unless you've got that loyal, disciplined team who realize you're there to carry out, they're there to carry out your vision, not there to mitigate or to intermediate.
Yeah, that's right.
Which was what he went through that first term.
steve bannon
His 40 years in the wilderness helped us do this.
Okay, Arthur Herman is here with us and we're honored, and it's not a better way to kick off.
Really, our commemoration of the 250th anniversary, we're going to take all through the year with Founders Fire.
He's combined the entrepreneurial drive and the vision of founders specifically with the founding of the nation and the entire history of the nation, and how this is probably one of the most important threads that drives the nation through pattern recognition.
Wall Street History 00:14:59
steve bannon
Okay, we're going to take a short commercial break.
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Short commercial break.
Author Herman, his 11th book, Founders Fire.
Make sure you get it for yourself and buy a copy for a young person that is close to you.
unidentified
Back in the morning.
Here's your host, Stephen K. Bannon.
steve bannon
Welcome back, Founders Fire.
We have Arthur Herman in the house today in the Worm from 1776 to the age of Trump.
Make sure you come up from Center Street.
Center Street Hachette?
Is Center Street a division of Hachette?
I think they're guys that did Andrew Breitbart's books, as I remember.
Arthur Herman, your 11th book.
How long did it take you to come up with the pattern recognition that to say, I can, to understand the country, and particularly as we go forward, You need to understand this whole thing about founders' fire of founders of companies or institutions or movements with the revolutionary generation, and then going forward, the actual evolution of the American experience.
arthur herman
Well, the genesis of the book was, in fact, an op-ed that I did for Wall Street Journal talking about Trump and Elon Musk as founders.
Exhibiting all those characteristics of the founder's mindset that you just talked about.
And saying, this is one reason why so many people in the media and Congress and elsewhere just don't understand this guy and haven't understood how Trump works, how he functions.
steve bannon
You've been an observer of Trump.
You've been an observer of Trump for a while.
arthur herman
I've been an observer of his since the mid 80s when I worked on Wall Street.
And when I worked on Wall Street.
unidentified
Where'd you work?
arthur herman
This is in Manhattan.
I was working with a banking firm.
Yes, for Payne Weber.
Payne Weber, Jackson and Curtis.
unidentified
Great, great film.
arthur herman
And in those days, mid 80s, Wall Street loathed Donald Trump.
unidentified
I remember that.
They hated him.
arthur herman
They thought he was a phony.
He was this publicity grabbing guy, a real estate developer.
Absolutely.
I met him once briefly at a party, and he was there.
You know, he's this enormously tall guy and standing in the room surrounded by beautiful women.
steve bannon
With a presence.
arthur herman
With an esque, you know, his entourage and so on.
The two people who were held up as my models by my mentors and bosses at that time were, first of all, Michael Milken.
Head of Drexel Burnham Lambert.
steve bannon
Created the junk bond.
arthur herman
The great junk bond king.
The other one was Ivan Bowski, the bond trader operating out of Salmon Brothers.
And in fact, those were the models.
If you want to be really successful in Wall Street and build a career for yourself, young man, these are the two figures you need to look up to and emulate.
And of course, what happened was.
steve bannon
They were successful because of insider trading.
arthur herman
They were insider trading.
Put them both into prison.
It's true.
Michael Milken's cleaned up his act since then.
And Ivan Boski discovered his Judaic roots as a result of that.
But the third guy, the one that couldn't stand and went on to become president of the United States.
So it was a good lesson for me in understanding how conventional thinking operates, not just in the world of Wall Street, but elsewhere.
steve bannon
Coming from Wall Street.
arthur herman
And understanding that the very things that drive people crazy about Donald Trump are, in fact, his key virtues.
steve bannon
I'm going to get back to that in a moment.
When you were at Payne Weber, which I think eventually was bought by Morgan Stanley.
arthur herman
I think it was, yeah.
steve bannon
To become, even take Morgan Stanley.
arthur herman
Of course, long gone now, yeah.
steve bannon
Yeah, but they wanted a classy retail part to go with their major institution.
When did you decide that my real calling is to basically write all your books?
arthur herman
That's a long, young story.
steve bannon
You're a working stiff on Wall Street.
arthur herman
And people say, actually, you have to go back, you have to rewind the tape a couple years before that.
Because I had a PhD in history and I had grown up in an academic family.
I had spent, went directly from there to graduate school at Johns Hopkins University, did a PhD, was a prize winning PhD in European history, and I wanted to do something completely different.
I said, let's try something totally in that range.
steve bannon
You were burned out after getting your PhD?
arthur herman
You know what the point was?
steve bannon
Or you wanted to make some money.
arthur herman
It was not burned out, but it was make some money, that was part of it, but also experience a world outside of academia.
Outside of the intellectual life.
And from that point of view, the time I spent on Wall Street was a hugely important part of my education because it was the first time in my life I was dealing with people who were smarter than I was who were not intellectuals.
And that was a shock to the system.
steve bannon
And sharp elbows.
arthur herman
Well, that too.
steve bannon
Not to the faculty senate.
arthur herman
Especially working on Wall Street in those days in the mid 80s, at any time actually.
It was an important part of my education.
And the woman I met, When I was working there, who's now my wife and has been my wife now for 37 years, who I met living in New York, she said, You're not enjoying this at all.
Why don't you think about going into teaching instead, which is where you were headed in the first place before you took this swerve into the world of business, an engagement in the world of finance, and see what you can do with that.
So I did.
And I did an interview at the American Historical Association, a walk on interview.
And the University of the South in Suwannee, Tennessee, if you know it, said, Why don't you come teach for us?
So we got married and moved out to Tennessee, which for my wife was a bit of a culture shock, as you can imagine, having grown up in New York City, moving to the top of a mountain in the Smokies in middle Tennessee.
Yeah, that was definitely, I must have been a really persuasive guy to get her to go after that.
She must have been.
steve bannon
Did the Wall Street experience because your books are written?
You can tell in your command of the topic when you're reading your books, you know how the world works.
You just haven't been in a research library.
You understand, like when you write about this and founders, you've had a business background or a practical background that you've seen how the world comes together.
arthur herman
And you understand how people act in the real world.
And you come to understand historical actors, whether you're talking about ancient Greece and Rome.
Or all the way forward to today, that the way in which they behave has very little to do with the big analytic frameworks that historians or economists or others use to try to understand their own time or to understand the past.
It gives you a real sense that when you go into the archives, for example, and look at documents, that you're not just studying discursive strategies, which you're trying to analyze and understand in some highfalutin kind of theoretical way.
These are the traces of real people making real decisions, sometimes under intense pressure, which you can only imagine if you're sitting there as an historian two centuries or three centuries later in trying to understand why they do what they did in the context that they did.
That, I think, and also the experience in business gave me a real sympathy and an ability to connect with people who fit this founder's.
Mindset who see the world as a series of opportunities and who say, I'm going to take a risk.
My wife would say, You did the same thing, young man, when you decided I had a PhD.
I was going out to look for jobs in the typical academic job career direction.
And I sort of said, I think I'm going to go to Wall Street and see what's happening, what's really taking place there.
So, yeah.
steve bannon
And then to make the other shift to go back and then to sort of say, You know what?
arthur herman
I could have a good career, but it's not what I want.
What I want is something that brings more of me, that gratifies more of me.
And that meant going back to teaching and then also to writing.
steve bannon
We're going to get back to the book in a second, but how was it when you left Wall Street?
And that was obviously a formative experience, one of the key formative experiences.
You go back now to one of the great universities in the South, right?
The University of the South.
And you're teaching what?
You go there and what do they have you teach?
arthur herman
I was teaching European history.
Basically, anything that fell into the.
Because I had developed a really good background in graduate school French history, Spanish history, modern history, a range of topics.
Not so much American history.
That became an interest and became a professional interest later on.
Which I think also, by the way, Steve, has given me slightly a different view of things.
unidentified
Yes.
arthur herman
The typical sets of problems and issues that American academic historians worry about, but coming at it from a completely different angle.
steve bannon
When did you get the idea that I'm teaching, I'm more fulfilled now, but I need to write?
I need to actually manifest my understanding of the world.
arthur herman
Well, that decision, Steve, was made for me by a book called How the Scots Invented the Modern World, because I was still teaching at George Mason University and also at the Smithsonian.
steve bannon
But even again, I want to get back to what, even, look, that's one of my.
All time favorite books, and that will change the way you look at the world.
But even before that, to get to the first book was the idea of a client.
When did you come to the decision that I'm just not going to be a professor?
I'm not actually going to write.
arthur herman
Well, part of it is the reality of the profession is you better.
That's why they call it publish or perish.
So you've got to come out your story.
steve bannon
But you're a narrative historian.
You're not, I would call it a narrative historian that you, these topics are bringing like this.
arthur herman
Well, you know, that's.
That's true.
You know, I did publish.
Oh, yeah, I did start doing very sort of standard academic studies and works, turning my PhD thesis into a book to be published by University Press, Yale University Press of London.
steve bannon
That was the idea.
arthur herman
They're still waiting for the final manuscript of that book, as a matter of fact, from 1995.
It was going to be very much so.
And then I was approached to think about doing a book on.
Not the idea of progress, which I've been teaching a course on, but what about the opposite, the idea of decline?
And something went off in my head.
A light went on, and I sort of said, I could see how you could do this in a really interesting way in a series of, let's say, 10 chapters.
So I actually sat down and in an afternoon typed up a single spaced book proposal, about five pages on how to do it.
steve bannon
I want to get into this because so many people want to understand.
Brilliant writer's process.
So when somebody talked to you about the idea, you went back, sat, you put the thing in the typewriter, totally blank piece of paper.
Tell me about the, when did that happen?
arthur herman
Well, what you also have to understand is that the writing springs out of the teaching.
Because in addition to my courses for my always enthusiastic undergraduates, I was also teaching courses, adult courses, at the Smithsonian.
And the Smithsonian lecture, the typical format for the courses at noon and at six o'clock that I was teaching were eight week courses.
steve bannon
You would come back to the Smithsonian for the summer?
Is that what it would be?
arthur herman
No, this would be during the course of the year.
Earn a little extra cash.
Adult education was my side hustle.
steve bannon
But you flew back into D.C. to do it actually for the summer?
arthur herman
No, no, we had moved back to D.C. You had moved to D.C.
Yeah, after.
After a year at Suwannee, after attending United Daughters of the Confederacy luncheons, my wife sort of said, I'm from Richmond.
unidentified
I'm from Richmond, man.
Don't go there.
steve bannon
The University of the South is a very special place.
arthur herman
It was for me because I was a big Civil War buff as a kid and appreciated the fact that the grandson of General Edmund Kirby Smith was my colleague at the University of the South.
That I understood, and I took very seriously as part of that mission.
But for my wife, there has to be a change.
steve bannon
It's culture shock.
There's probably a movie in there somewhere that's culture shock.
Author Herman, one of the greats, and I mean greats, is with us in the house.
We're going to take a short commercial break.
Founder's Fire is the book.
If you want to kick off this celebratory and commemorative season, the 250th, there's not a better place to start than this book.
unidentified
Short break.
Back in a moment.
We rejoice when there's no more.
Let's take down the CCP.
War Room.
Here's your host, Stephen K. Bannon.
steve bannon
Okay, I'm here to announce that we're actually going to continue this conversation for another hour, and we're going to do that on the Saturday show.
McCarthy Communist Conspiracy 00:07:05
steve bannon
So I want everybody to, because there's so much to go through here and your other writings, I want to go back to process.
So you're back in D.C., and you're teaching in your history.
arthur herman
And I'm teaching at George Mason, and then I'm also teaching.
steve bannon
Are you still teaching European history?
arthur herman
Still teaching European history, very much so, but also beginning to integrate some American history.
My biography of Joseph McCarthy.
Which was the second book after Idea of Decline got me interested in approaching American history from a totally different view and taking a totally different view of Joe McCarthy in particular.
steve bannon
How did you not get banned just by doing it?
Because the time.
arthur herman
Oh, it was tough.
steve bannon
You wrote this book.
It's one of my favorites.
Your biography, and I've read, I think there's nine or ten biographies of McCarthy.
Two, yours and M. Stanton Evans, are the only two that I've read.
arthur herman
Well, I listed by history.
steve bannon
I listed by history.
Which Ann Calder said, the greatest book since the Bible.
Your books, and I've read all of them, and I've read, was a Pogue's five volumes of General Marshall, because you can't talk about McCarthy without General Marshall.
You are the only two that actually not just give a fair thing, but actually tell the story as it really should be told with the facts.
unidentified
I think so.
steve bannon
And others are so other polemics.
arthur herman
They're just there to vilify.
steve bannon
Why did you pick.
I can spend hours with you.
Why did you pick McCarthy?
First off, that's career suicide.
Why didn't you just come out with a book that's kind of an intellectual and it got great reviews and it did some business?
Because I guess Christopher Lash, there were others at the time, more popular press talking about America's potential decline, the revolting.
arthur herman
Hey, I got your first book.
steve bannon
So you hit right into the middle of that.
Why do you then go to McCarthy, which this is the way to go to, this is a ticket to Palookaville.
Nobody at the time, because I think Stanton Evans's book was 10 years later.
If I remember correctly, you were the first guy to give McCarthy and just really tell the story the way it should be told with facts.
That's a way to go to publishing Siberia.
arthur herman
Well, I was the first one.
steve bannon
How could I take a risk?
arthur herman
I was the first one through the window, let's put it that way.
And I took a lot of slings and arrows for that one.
Let me tell you, I had colleagues at George Mason who ceased to talk to me after that.
steve bannon
No, tell me about that.
Because George Mason is still a conservative university.
arthur herman
Well, not.
Yeah, not so much in the history department or in the other liberal arts departments.
They were furious about a couple of things.
They were furious, not just about the political angle of the book, of course, because it was a fair assessment of Joe McCarthy, which in their minds automatically makes you an apologist for Joe McCarthy and for the Red Scare and all the other terrible things.
steve bannon
Well, it went for the right wing.
arthur herman
But they were also furious because I dared to venture onto their territory, their terrain, American history.
I was in Europe.
You're supposed to stay in your lane, don't you see?
In academia, you're supposed to stay in your lane, your European history, and stay there.
And so, by going into American history, I was an interloper.
You know, it was like somebody crossing your land.
steve bannon
Didn't that work in academia?
arthur herman
Very much so.
They were also furious, Steve, because the book made the cover of the New York Times magazine.
And photographers from the New York Times came out to shoot me in my office and to have me pose at various places to look like the investigator.
It was a piece that was, in fact, M. Evans was in it.
Also, very much involved at that time was an interest in the Venona decoups, which are beginning to expose the fact that the Red Scare was about a real communist.
McCarthy was right.
That was the basic summary.
The bald truth about the situation there.
And so the fact that this kid, who's a European history, who shouldn't be writing a book like this at all, is also drawing the attention of the New York Times cover.
That was unforgivable.
steve bannon
The sacred New York Times.
arthur herman
It was unforgivable.
steve bannon
Unforgivable.
I just want to make sure, because I do not complain, people come up to anything and say sometimes you use references that we can't catch.
The Venona files.
Why were they so important?
They came out after the Soviet Union collapsed, the KGB files.
arthur herman
The declassified files came out.
But at the time, it was a code breaking operation that was able to get into the messages that were passing back and forth between Moscow and its embassies, particularly in KGB operations.
And this is one of those extraordinary situations in which the Venona decrypts didn't give U.S. intelligence and the FBI real time intelligence because the codes had been changed.
But it did give them a window onto past operations of who is involved in the United States as operating as assets of this and even direct secret agents of the Soviet Union.
It's what exposed finally and ultimately the treason of Alger Hiss, it's what exposed finally the treason of the Rosenbergs.
steve bannon
A couple of big names.
arthur herman
It also exposed the treason of Harry Dexter White.
steve bannon
Big time.
arthur herman
Who had been FDR's Secretary of the Treasury.
steve bannon
He only set up Bretton Woods, the monetary system that we have today.
arthur herman
So there was a group of historians.
steve bannon
And these were KGB agents.
These were essentially Russian spies.
arthur herman
And so there was a group of historians.
steve bannon
And I implied even I.F. Stone and some other people on the.
arthur herman
Who were obviously cooperating with fellow travelers.
Or maybe even slightly more than just travelers, but were actually helping to drive the bus.
steve bannon
You're hitting pretty close to the thing where you get the founder of the nation, right?
arthur herman
I thought that the whole revelations that were coming out at that time about it ought to cause a reevaluation of the role that Joe McCarthy and his colleagues had played in terms of exposing this communist conspiracy that was operating at the heart of the government during the New Deal years.
But that's where the left drew the line.
They could just barely swallow the expose of the Venona decrypts, although they still have their doubts about whether Halger Hiss was not.
But Joe McCarthy couldn't go there.
steve bannon
Okay, we're going to continue this for another hour.
Founders Fire is the book.
If you want to kick off this season, which won't culminate on July 4th, that will be one of the big things, but there are going to be other events afterwards, particularly around.
Venona Decrypts Truth 00:00:29
steve bannon
Some of the campaigns in Long Island and Brooklyn, all of it, as we remember the 250th of the family of the revolutionary generation.
This book will, it's optimistic.
It's a book that looks to the future and about America at her best.
This is why, if you have a young person in your life, I strongly recommend you get a copy for yourself and a copy for a young person.
We're going to be back at 5 o'clock.
We'll see you back in the war room then.
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