Scott and Ed discuss gold hitting a record high, the Trump administration’s new restrictions on chip exports, and Jerome Powell’s comments on tariffs. Then, they unpack how other nations are pushing back against the tariffs, highlighting Trump’s key strategic missteps—including his underestimation of global rivals. Finally, they dissect the key moments from the Meta antitrust trial so far, with Scott laying out the economic upsides of breaking up the company, and Ed outlining how the FTC could actually come out on top.

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As read by George Hahn.

https://www.profgalloway.com/united-states-of-debt/

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Mark Carney, Canada’s 24th Prime Minister and leader of the Liberal Party, joins Scott to discuss the country’s economic outlook, how Canada fits into a shifting global order, and whether the U.S.-Canada relationship can be repaired amid rising trade tensions.

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Algebra of Happiness: thoughts on porn.

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Scott answers a big-picture question about the future of nonprofits. Then, he speaks to a listener preparing for a big move after college and offers advice on managing loneliness and finding independence. 

Finally, in our Reddit Hotline segment, Scott shares his take on how to lead effectively as a first-time (and remote) manager.

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Scott and Jessica break down the chaos surrounding Trump’s economic and immigration agendas. First, they dive into Trump’s trade war U-turn: after rattling global markets, he’s hit pause on his “reciprocal” tariff strategy—everywhere but China. They unpack what this 90-day freeze actually means and whether there’s any real strategy behind the whiplash. Next, they turn to Congress, where Trump’s legislative priorities are moving forward—but not without serious drama. With deep Medicaid cuts, clean energy rollbacks, and massive tax extensions on the table, are Republicans undermining their own voters just to make the numbers work? And finally, the administration’s deportation crackdown takes a disturbing turn—adding undocumented immigrants to a federal "death" list and triggering a legal showdown with El Salvador.

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Scott and Ed dive into the ongoing trade war, unpacking how markets reacted to Trump’s 90-day tariff pause and the broader turmoil with China. They break down what may have just been the greatest day of insider trading in history, assess the damage to American 401Ks, and explore what likely drove Trump to hit pause on the tariffs. Scott also offers practical advice for weathering the uncertainty ahead. 

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As read by George Hahn.

https://www.profgalloway.com/toxic-uncertainty/

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Ian Bremmer, president and founder of Eurasia Group, joins Scott to discuss Trump’s tariffs, U.S.-China tensions, developments in Iran and Ukraine, and America’s global standing.

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Algebra of Happiness: something to be proud of. 

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Scott breaks down whether Elon Musk poses a fiduciary risk to Tesla shareholders. He then offers advice to a grandmother trying to help her 15-year-old grandson understand money.

In our Reddit Hotline segment, Scott shares the craziest fan encounter he’s ever had and reflects on where he found meaning in life before becoming a father.

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Scott and Jessica break down Trump’s sweeping new trade war that’s tanking the markets, Elon Musk’s rumored White House exit after a rocky tenure as Trump’s government efficiency czar, and a fiery 25-hour speech from Senator Cory Booker that’s lighting a fire under Democrats — and may signal a new chapter in the resistance.

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