Of all the institutions within our society, education has been perhaps the most resistant to change. By and large, public schools still model their curricula after guidelines established in 1892. Salman Khan, founder of the online Khan Academy, says radical reform is long overdue.

Originally conceived to help his 12-year-old cousin learn math, Khan Academy now offers free online lectures and video tutorials to more than 6 million students each month. Videos covering topics as diverse as mathematics, physics, history and economics have garnered more than 200 million views and generated significant funding from both the Bill & Melinda Gates Foundation and Google.

Reason.TV’s Nick Gillespie sat down with Khan to discuss how to fundamentally transform American education, why technology is never the solution reformers expect and how massive amounts of money go missing every day in conventional public schools.