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Karl Marx’s ideas still shape American politics, from the Democratic Socialists of America to the populist right’s growing attacks on free markets. Ben Shapiro breaks down what Marx actually believed, how Marxism works, why the DSA still uses its framework, and where figures like Tucker Carlson increasingly echo the same economic and political arguments.
Forget good ideas: consider the consequences. So argues economist-academic Thomas Sowell, a maverick who challenged popular ideas like affirmative action and the minimum wage. This final episode of Economic Game Changers tells Sowell’s unlikely story—how a high school dropout born in the Jim Crow South became a renowned voice on economics, race, and history. Introduce your teens to an American treasure, a prolific author who changed how we think about decisions, incentives, and the consequences of ideas.
In the 1970s, the U.S. economy fell into stagflation—high unemployment and high inflation at the same time. Government attempts to stimulate the economy only drove prices higher. At the same time, American economist Milton Friedman proposed a different solution: keep the money supply stable and let the free market do the rest. This episode of Economic Game Changers introduces teens to Friedman’s ideas, including why the money supply matters, where inflation comes from, and why government intervention often fails to help during an economic crisis.
The early 1900s belonged to big business, especially after World War I. Giant corporations came to dominate the economy and many believed that the age of the lone inventor and entrepreneur was over. Austrian economist Joseph Schumpeter believed differently. In this episode of Economic Game Changers, teens explore Schumpeter’s famous idea of “creative destruction” and discover why entrepreneurs—not established businesses or economic stability—drive innovation and growth.
In the wake of World War I, collectivist governments promised to rebuild Europe. But Austrian economist Friedrich Hayek saw a dangerous tradeoff: the more governments intervened, the less freedom people had. This episode of Economic Game Changers presents a defender of classical liberalism whose ideas warned against the tyranny of Nazism and communism. Through Hayek, and his classic book The Road to Serfdom, teens learn about the true casualties of central planning: free markets, liberty, and life itself.
When the U.S. stock market crashed in 1929, the Great Depression quickly became a global disaster. As unemployment soared and faith in free markets collapsed, British economist John Maynard Keynes proposed a radical solution—let governments spend their way out of crisis. In this episode of Economic Game Changers, teens explore the revolutionary Keynesian theory of economics, which gave the government a new, unprecedented role in the economy. What happens when a “not-so-invisible hand” guides the market? Watch to find out.
Do your daily decisions matter to the economy? In the early 1900s, an economist named Ludwig von Mises argued that they do! At a time when collectivism was engulfing Europe, Mises argued for individual choices, limited government, and private property—not centrally planned outcomes dreamed up by bureaucrats. In this episode of Economic Game Changers, teens meet Mises, an early leader of the “Austrian School of Economics” and one of the minds behind an important economic breakthrough: people and their choices make all the difference.
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