Steve Gass, an innovative inventor, created the SawStop table saw technology that can detect human contact to prevent devastating injuries. He discusses the staggering statistic of 30,000 emergency room visits due to table saw accidents each year. Gass shares his quest to introduce this life-saving innovation to a resistant woodworking community and navigate legal challenges with power tool manufacturers. With a memorable hot dog demonstration, he highlights the existential battle between safety and the interests of traditional manufacturers, aiming to save over 10,000 fingers.

In this discussion with Nobel laureates Daniel Kahneman, a psychologist acclaimed for his insights into decision-making, and Angus Deaton, an economist focused on welfare, they explore the complex relationship between money and happiness. They dissect a landmark study linking emotional well-being to income up to $75,000, then present contrasting views on newer research suggesting money may correlate with happiness without limit. Their debate highlights the evolving understanding of financial security and personal fulfillment.

Discover the fascinating origin story of White Castle, the trailblazer of the American burger chain. Explore its rise, cultural impact, and how it revolutionized fast food dining. Delve into the nostalgia of devoted fans who embark on spontaneous trips to savor those iconic sliders. Find out how the hamburger evolved and the role of innovation in shaping a cultural icon. Witness the blend of personal stories and pop culture elements that highlight White Castle's enduring legacy in the landscape of American dining.

The Federal Reserve's recent interest rate hikes have made mortgages pricey, locking homeowners into what’s called 'golden handcuffs.' This dilemma leaves many reluctant to relocate despite space challenges at home. The podcast dives into how these rising rates impact the housing market and affordability for first-time buyers. Expecting rate cuts soon, discussions also touch on a major economic symposium and the debate around the pronunciation of key financial terms. It's a deep dive into economics that affects both homeowners and renters.

The hosts dive into a lively debate on whether artificial intelligence is overrated or underrated. They use real-world examples to illustrate AI's potential in transforming productivity and services. Discussion shifts to generative AI's historical impact on research, likening it to past innovations. They also tackle the misconception of AI's true intelligence and the legal challenges it faces, emphasizing the importance of human skills. Ultimately, they showcase both the promise and pitfalls of this rapidly evolving technology.

Imagine a summer camp where kids learn about capitalism while running tiny businesses in a miniature town! At this camp, children play various roles, managing retail stores, restaurants, and even financial institutions. They face real economic challenges, like taking loans and dealing with financial pressures. A rivalry brews between young CEOs, highlighting the competitive spirit of entrepreneurship. Through unexpected twists and turns, these mini businessmen and women discover the complexities of money management and ethical dilemmas in a fun, engaging way.

Dive into a lively bingo game revolving around economic buzzwords as the hosts unpack the jargony landscape of presidential campaigns. Topics include price controls, the Federal Reserve's role, and innovative tax ideas like the negative income tax. The conversation heats up with the sale of U.S. Steel against a backdrop of economic protectionism. They also tackle a controversial tax policy affecting tip-earning workers. Join the fun and play along as they dissect these pressing issues in a fun, engaging way!

Cody Fischer, an aspiring real estate developer from Minneapolis, shares his vision of creating affordable, energy-efficient apartments. He discusses the ambitious 2019 housing plan aimed at tackling the city’s housing shortage. Despite initial approvals, Cody encounters challenges, including local resistance and the growing tension between NIMBYism and YIMBYism. The conversation delves into innovative solutions, the 'missing middle' housing concept, and how Minneapolis's strategies may influence national urban housing policies.

Join economic legends Adam Smith, the father of capitalism, Karl Marx, the critic of capitalism, and John Maynard Keynes, the proponent of government intervention, as they discuss pivotal theories. They reflect on fifty years of progress and setbacks in the world, touching on agricultural advancements and their impacts. The conversation dives deep into contrasting philosophies, emphasizing moral sentiments and the importance of critical analysis. Listeners are inspired to tackle societal inequalities, learning from the legacies of pioneering economists.

David Rashid, leader of the US auto parts maker Plews and Edelmann, shares his gripping tale of navigating fierce competition from Chinese rival Qingdao Sunsong. He unveils the mystery of how Sunsong kept prices low even after tariffs were imposed. Rashid turns into an amateur trade fraud detective, aided by international experts and some unexpected friendships. The conversation dives into the complexities of trade laws, tariff evasion, and the intricate web of international trade as Rashid seeks the truth behind his competitor's survival tactics.