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RECENT EPISODE
Sep 04, 2026
Economics 101: Your Dollar Is Worth Less Than a Nickel Was in 1913 | Lawrence Reed
Economics 101 starts here. This is the first of four episodes with economist Lawrence Reed that build the subject from the ground up, an economics course in four weeks, so that the argument about the national debt, inflation and affordability can be had by people who actually know how an economy works. Reed opens with a definition: economics is the study of human action in a world of limited resources and unlimited wants. From there he walks Adam Smith and The Wealth of Nations in 1776, and the mercantilist myth Smith destroyed, that the world's wealth is a fixed pie to be fought over rather than something you can bake more of. Jenny Beth Martin takes that straight to the present. The national debt has passed 40 trillion dollars and is now larger than everything America produces in a year. Washington is spending two trillion dollars more this year than it takes in, and roughly a trillion of the seven trillion dollar federal budget goes to nothing but interest on the debt. The hour covers the invisible hand against the iron fist, the lockdowns as a live experiment in central planning, why value is subjective, Leonard Read's 1958 essay I, Pencil, what happened when the Soviet Union abolished prices, competition against monopoly, the proper role of government, free trade and tariffs, and the Austrian School. Lawrence W. Reed is president emeritus of the Foundation for Economic Education. He led the organization for twelve years, ran think tanks in Michigan and Idaho, taught economics at the university level for seven years, and is the author of nine books. Learn more at teapartypatriots.org and jennybethshow.com.
Stay informed on the most important developments coming out of Congress. Each Monday afternoon—when Congress is in session—Bill Pascoe, our Man in Washington, breaks down what’s happening in Washington, why it matters, and what comes next. Watch, listen, or read the report today!
PRESS RELEASES
New Tea Party Patriots Action Poll: Voters Support Funding Security For White House Complex And Want Focus On Stopping Fraud
Atlanta, GA – When he‘s talking about upgrading security at the White House, President Trump is on strong ground politically,” said Jenny Beth Martin, Chairman of Tea Party Patriots Action. “A strong majority of voters agree that Congress has an obligation to fund serious security upgrades to the White House complex, including a secure ballroom…
Tea Party Patriots Action Urges Congress to Pass Reconciliation 2.0, Fund ICE & CBP
Atlanta, GA – This week, the Senate is expected to vote on a budget reconciliation bill that would fund Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP) after Congressional Democrats refused to fund the agencies during the normal appropriations process. In response, Tea Party Patriots Action Chairman Jenny Beth Martin issued the…
Tea Party Patriots Action Endorses Trump’s New Strategy to Enact SAVE America Act
Atlanta, GA – Over the weekend, President Tump announced a fresh strategy to enact the SAVE America Act: attaching it to either a bipartisan housing bill or a bill to reauthorization FISA. The SAVE America Act would require documentary proof of U.S. citizenship in order to register to vote in federal elections and a national…
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