Since 2008, America has been fighting its way out of the worst economic hole since the Great Depression. The perfect financial storm has made for easy fodder for commentator and former stock broker Joe Kernen.
From bogus Federal Reserve policies, health care reform, and global warming to media biases against capitalism, the co-anchor of CNBC's "Squawk Box" built a 20-year career off his political rants.
Kernen became truly concerned, however, when his 9-year-old daughter Blake began spouting anti-capitalist views at home.
In the new book, Your Teacher Said What?! coauthored with his daughter, the MIT graduate recounts the shock he felt when he discovered what his child was not learning about capitalism in school and the challenges he faced re-teaching her the value of a free-market society.
Kernen says children like Blake are constantly exposed to a distorted view of economics from their school teachers, pop culture, and even animated movies.
He said kids have been misinformed to believe:
The father-daughter duo also examine current events through the eyes of a fifth grader to expose the flaws in progressive thought.
Kernen explains why capitalism is not only the most powerful engine for prosperity but history's strongest hope for freedom and advancement.
The CNBC host and his daughter talked more about their new book and what Kernen views as a liberal assault on capitalism on "The 700 Club," May 18.