This podcast delves into the intricate complexities of the modern university system, covering topics such as the functions of universities, their historical evolution, challenges like DEI and grade inflation, and the evolving value of degrees in the job market. It also discusses the rising cost of college tuition, the state of academic research, policy think tanks, and the declining trust in universities. The role of universities in society and the challenges of reforming university admissions and collegiate athletics are explored. It critically examines the financial structure of universities and the decline in public trust, proposing solutions like unbundling and focusing on the student.