This podcast episode explores the issue of grade inflation in higher education, discussing its prevalence in colleges and high schools. The hosts analyze the potential causes of grade inflation, including pressure on professors and the desire of students to secure good graduate school placements or job opportunities. They also examine the consequences of grade inflation, such as the devaluation of grades and diminished academic standards. The episode further delves into the historical rise of grade inflation in the United States, the impact of grade inflation on hiring decisions, and the measures being taken by colleges and universities to address this issue. The podcast also touches on alternative grading systems, the psychological effects of pass-fail grading, the importance of accountability and structure in education, and the value of frequent assessments in promoting student learning. Finally, the episode concludes with a discussion on the concept of gradual exposure and its transformative power in overcoming fears.