Topic: Steinway

Eric Weinstein describes how American institutions, including law firms and universities, became "Ponzi schemes" once authentic economic growth slowed after 1970. These systems rely on a growth hypothesis that requires a constant influx of new associates or students to support the top tier. The hosts connect this to the push for a $15 minimum wage and the reliance on cheap labor.

Captain Pete of the Seven Equatorial Oceans reports success in finding a yacht and employment after previous karma requests, having now sailed to 35 countries. Josh Cox and William Steinway (whose name is compared to the piano company) also receive knighthoods. The hosts acknowledge the slow pace of the 10th-anniversary donation segment.