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Free Minds & Free Markets

Stossel: Exposing Students to Free Markets

Stossel in the Classroom offers teachers free videos.

It's school choice week. Many kids don't have choice in where they go to school. The school choice movement is trying to give them that opportunity.

Of course, having choice when it comes to what kids learn is important too.

Many schools teach kids that capitalism hurts people.

So John Stossel started a charity called Stossel in the Classroom. It offers teachers free videos that introduce kids to free market ideas. Students rarely hear about these ideas in school.

Graduates from Queens Technical High School in New York City who watched the videos while they were in high school explained that the videos were different from what they were used to.

"They really opened up my mind to think differently" said Xiomara Inga. Antonio Parada added the videos "changed the way that I viewed the world."

Gabriel Miller was so inspired by videos about the founding of America, he decided to enlist in the National Guard. He explains, "We are taught that this country is horrible." But after watching the videos, "I felt ashamed for what I initially believed…[so] I wanted to give back."

Diony Perez was inspired to open his own business, an auto leasing company called Familia Motor Group. "The Stossel videos helped me become more of an entrepreneur," Diony said.

Other students explained that certain videos like "The Unintended Consequences …" and "The Evil Rich" stuck with them. Johann Astudillo learned about unintended consequences from a video about minimum wage, "minimum wage increase priced out young people from getting jobs into the market."

Victoria Guerrero learned that most rich people get rich by providing some benefit to society. "If it wasn't for Steve Jobs ... our life would not be as easy as it is today."

Stossel says he is glad his charity helps students understand free market ideas.

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The views expressed in this video are solely those of John Stossel; his independent production company, Stossel Productions; and the people he interviews. The claims and opinions set forth in the video and accompanying text are not necessarily those of Reason.

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  • creech||

    "Many schools teach kids that capitalism hurts people."

    Of course they do. And yesterday's Phila. Inquirer did a half dozen "MLK stood for..." mini-op eds and at least two of them mentioned MLK was an anti-capitalist. [I don't remember his economic teaching very well but he was apparently tied enough to commie fronts that the sainted Kennedys had the FBI spying on him.] Because he is a "god" when mentioned in the classroom these days, is it any wonder that capitalism has a bad name.

  • Quixote||

    Just as long as we don't expose students (or faculty members) on our college campuses to any of that there "satire" and "free speech" we keep hearing about, we should be okay. See the documentation of our nation's leading criminal "parody" case at:

    https://raphaelgolbtrial.wordpress.com/

  • Quixote||

    Just as long as we don't expose students (or faculty members) on our college campuses to any of that there "satire" and "free speech" we keep hearing about, we should be okay. See the documentation of our nation's leading criminal "parody" case at:

    https://raphaelgolbtrial.wordpress.com/

  • Diane Reynolds (Paul.)||

    They're exposed to free markets all the time. If they don't avail themselves of the lesson...

  • Juice||

    They're exposed to free markets all the time.

    In NYC? Maybe the black market.

  • Diane Reynolds (Paul.)||

    The high cost of rent in NYC is the result of the free market reacting to things like rent control.

  • mpercy||

    Economists are virtually unanimous in concluding that rent controls are destructive. The agreement cuts across the usual political spectrum, ranging all the way from Nobel Prize winners Milton Friedman and Friedrich Hayek on the "right" to their fellow Nobel laureate Gunnar Myrdal, an important architect of the Swedish Labor Party's welfare state, on the "left."

    Myrdal stated, "Rent control has in certain Western countries constituted, maybe, the worst example of poor planning by governments lacking courage and vision."

    His fellow Swedish economist (and socialist) Assar Lindbeck asserted, "In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing."

    [https://www.econlib.org/ ibrary/Enc/RentControl.html]

  • mpercy||

    Economists are virtually unanimous in concluding that rent controls are destructive. The agreement cuts across the usual political spectrum, ranging all the way from Nobel Prize winners Milton Friedman and Friedrich Hayek on the "right" to their fellow Nobel laureate Gunnar Myrdal, an important architect of the Swedish Labor Party's welfare state, on the "left."

    Myrdal stated, "Rent control has in certain Western countries constituted, maybe, the worst example of poor planning by governments lacking courage and vision."

    His fellow Swedish economist (and socialist) Assar Lindbeck asserted, "In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing."

    [https://www.econlib.org/ ibrary/Enc/RentControl.html]

  • ||

    I predict Stossel will be put on YouTube's "naughty list" a la Dennis Prager and his Prager University within a week.

  • BestUsedCarSales||

    He already is. Youtube puts up counterpoints to his videos on his videos. His Global Warming stuff in particular, they have a pop-up that attempts to discredit it. At least some of it is interesting because it asserts that Stossel said things he did not.

  • awildseaking||

    Financial literacy in America is even worse than STEM. And unlike STEM, everyone has to deal with finance.

  • Old Mexican - Mostly Harmless||

    Stossel: Exposing Students to Free Markets


    Students? Sure. But you should consider exposing Trumpistas to free markets. Trumpistas' knowledge of even the most basic of economics is, let us say, unimpressive. Trumpistas have shown a considerable lack of sophistication when it comes to trade, comparative advantage, division of labor and specialization, which explains the ease with which they accept Trump's absurd policies, from tariffs to other protectionist schemes including his anti-immigration policies.

    Sure, expose students to sound economic thinking but consider that the great damage that DJT is perpetrating has its roots in Trumpista ignorance.

  • Sevo||

    "But you should consider exposing Trumpistas to free markets."

    Seek help; you need it.

  • Uncle Jay||

    Free markets?
    Such blasphemy that burns my ears!
    Only a controlled economy run by our ruling elitist filth such run our economy.
    Just look what a controlled economy is doing for Cuba and North Korea.
    You don't hear anyone complaining in those countries, do you?

  • ValVerde1867||

    The true free market hasn't existed in over 100 years.

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  • ||

    Start working at home with Google. It's the most-financially rewarding I've ever done. On tuesday I got a gorgeous BMW after having earned $8699 this last month. I actually started five monthsago and practically Text. profitvid.com

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