In a new “Economics 101” video released today by the Center for Freedom and Prosperity Foundation (CF&P), Izzy Santa of the Cato Institute uses school choice as an example to explain why competition is better than government-created monopolies. The video entitled, “Economics 101: School Choice Example Shows Why Government Monopolies Are Bad,” examines the data and notes that private schools produce better academic results at a lower cost than government-run schools.

A new video released today by the Center for Freedom and Prosperity Foundation (CF&P) is the first in their “Economics 101” video series, a project designed to educate students, young people, and the general public about basic free market principles. This first video deals with the concept of “Moral Hazard.”