Welcome to the Hillsdale College Online Courses podcast.

I am Jeremiah Regan.

And I'm Juan Davalos, and I want to thank everybody listening because you have helped us to become part of the top 3% podcast in the United States

in the education category. That is amazing. Juan told me he had a surprise. He didn't tell me what it was.

I did not know that. Thank you for sharing that with me, Juan. And thanks to all of you for listening.

We love doing the podcast. We love helping people learn. And we are very

excited to bring you a brand new course. It's just released. That's right. The course is

Understanding Capitalism. And this course is special because when you think of an economics

course like Understanding Capitalism, you think of all the, you know, supply and demand and things like

that. But this course does a really good job of tying the concept of human nature and the

understanding of human nature and why it's important for something like capitalism.

That's right. Dr. Steele does an excellent job of explaining how capitalism fits into the greater

human experience and how it enhances

human life. One of the great things he does in lecture one, which is human nature and the cost of

choice, is to explain how capitalism fits so well into a natural rights republic like we have in the

United States of America. He argues that capitalism depends on private property rights. Check, we've got that here.

Freedom of exchange and contract. Check, got that in America. Sound money. Well, Dr. Steele will talk to you a

little bit about how that's in peril today, but that's a stalwart element of the American

political theory is sound money. And finally, the rule of law. All principles that our founders would

agree with, all principles that the American system of government depends upon and supports in turn.

And I have the special privilege of thanking the Joel and Diane Schleiker family for supporting

the production of this course. I got to meet Joel and Diane during the development process

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