Summer School 3: How government decides what to spend our money on

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  Hey, everyone.

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  Just a quick message before class gets started.

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  Planet Money Summer School is having a live graduation ceremony and party in New York City on August 18th.

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  It's going to be great.

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  So get your tickets now before the show sells out.

• 00:14

  Planet Money Plus supporters get a 10% discount and get early access to Summer School episodes all summer long.

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  Check out the show notes for a link to buy tickets and to subscribe to Planet Money Plus.

• 00:25

  This is Planet Money from NPR.

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  Welcome back, class, to Planet Money Summer School,

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  the only economics degree you can get just by listening.

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  No tuition, no textbooks, no frustrating group projects, am I right?

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  I'm Robert Smith, and this season, we are tackling power and money,

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  the profound ways that the government influences business and the economy.

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  This is class number three, you are what you pay for.

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  Last week, we talked taxes, how the government raises money.

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  This week, we get to decide what to spend it on, woo!

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  government shopping spree.

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  But reality check, although it seems like the government can spend an endless amount of money,

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  it cannot do all the things it wants to do.

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  So the big question in this week's lesson is, how do we decide?

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