Happy Hour Econ

Free To Choose Network

A comedian and an economist walk into a bar... and somehow, you learn more about inflation than in all your years of school. And, unlike your student loans, this round is on us. Welcome to Happy Hour Econ from Free To Choose Network, where comedian Lou Perez and economist Phil Magness serve up weekly shots of economic reality with a chaser of sanity. No PowerPoints, no pretense—just two guys who've figured out that the best way to understand why everything costs more is to stop taking it so seriously. While politicians promise solutions and pundits peddle panic, Lou and Phil cut through the noise with the kind of clear-eyed perspective that only comes from a duo who's seen it all before. Lou brings the punchlines. Phil brings the receipts. Together, they explain why your grocery bill keeps climbing, why "free" government programs aren't, and how the same economic principles that govern happy hour pricing also explain most of what's wrong with the world. This isn't economics made simple. It's economics made honest. The result is a conversation that treats important topics with respect, but never forgets that sometimes the best response to economic nonsense is a well-timed joke. Pour yourself a drink, pull up a stool, and join Happy Hour Econ—because understanding the economy shouldn’t require a Ph.D. or a hangover. Available on Apple Podcasts and Spotify December 2025.

  1. MAR 16

    Not Today, DSA

    In this episode of Happy Hour Econ, comedian Lou Perez and economist Phil Magness walk into a bar… and accidentally start a 25-minute debate about socialism. Oops. With the Democratic Socialists of America hitting 100,000 members and socialism suddenly trending with younger generations, Lou asks the obvious question: Why? The conversation also touches on socialism vs capitalism, the role of markets in allocating resources, and how political decision-making could affect everyday life—yes, even something as simple as buying a PlayStation 5. From historical lessons about shortages and central planning to the debate over whether socialism promises equality or delivers inefficiency, Lou and Phil break it all down with humor and insight. Topics covered: ·       Democratic Socialists of America (DSA) ·       Socialism vs capitalism ·       Why socialism is gaining popularity among young people ·       Scandinavian economic models and the “Nordic myth” ·       Venezuela, Cuba, and historical socialist regimes ·       Central planning, shortages, and economic incentives If you enjoy discussions about economics, politics, and history—with a comedic twist—this episode of Happy Hour Econ is for you. 🍻 Welcome to Happy Hour Econ from Free To Choose Network, where comedian Lou Perez and economist Phil Magness serve up weekly shots of economic reality with a chaser of sanity. No PowerPoints, no pretense—just two guys who've figured out that the best way to understand why everything costs more is to stop taking it so seriously. Pour yourself a drink, pull up a stool, and join Happy Hour Econ—because understanding the economy shouldn’t require a Ph.D. or a hangover.

    26 min
  2. MAR 9

    Trains in Vain

    Why do Americans not choo-choo-choose trains? In this episode of Happy Hour Econ, comedian Lou Perez and economist Phil Magnus climb aboard the great American train debate and ask a simple question: Why does everyone on the internet suddenly want bullet trains? From Lou’s beer-blurred European train adventures to Phil’s deep dive into railroad history, they explore why train travel works in Europe and Japan but struggles in America. Along the way they unpack the real economic factors behind transportation policy, including population density, infrastructure costs, government incentives, and regulatory hurdles. You’ll also hear: ·       Why high-speed rail in California has become one of the most expensive infrastructure projects in the country ·       The surprising history of 19th-century railroad corruption and land subsidies ·       Why cars and highways became the dominant form of transportation in the United States ·       The trade-offs between trains, planes, cars, and emerging technologies like self-driving vehicles ·       How government incentives can shape (and sometimes distort) infrastructure projects Welcome to Happy Hour Econ from Free To Choose Network, where comedian Lou Perez and economist Phil Magness serve up weekly shots of economic reality with a chaser of sanity. No PowerPoints, no pretense—just two guys who've figured out that the best way to understand why everything costs more is to stop taking it so seriously. Pour yourself a drink, pull up a stool, and join Happy Hour Econ—because understanding the economy shouldn’t require a Ph.D. or a hangover.

    31 min

About

A comedian and an economist walk into a bar... and somehow, you learn more about inflation than in all your years of school. And, unlike your student loans, this round is on us. Welcome to Happy Hour Econ from Free To Choose Network, where comedian Lou Perez and economist Phil Magness serve up weekly shots of economic reality with a chaser of sanity. No PowerPoints, no pretense—just two guys who've figured out that the best way to understand why everything costs more is to stop taking it so seriously. While politicians promise solutions and pundits peddle panic, Lou and Phil cut through the noise with the kind of clear-eyed perspective that only comes from a duo who's seen it all before. Lou brings the punchlines. Phil brings the receipts. Together, they explain why your grocery bill keeps climbing, why "free" government programs aren't, and how the same economic principles that govern happy hour pricing also explain most of what's wrong with the world. This isn't economics made simple. It's economics made honest. The result is a conversation that treats important topics with respect, but never forgets that sometimes the best response to economic nonsense is a well-timed joke. Pour yourself a drink, pull up a stool, and join Happy Hour Econ—because understanding the economy shouldn’t require a Ph.D. or a hangover. Available on Apple Podcasts and Spotify December 2025.