Entries by Foundation for Economic Education (FEE)

The Scandalous Truth about Obamacare Is Laid Bare

A government program that is ruined by permitting more choice is not sustainable. by  Jeffrey A. Tucker It’s not just that Obamacare is financially unsustainable. More seriously, it is intellectually unsustainable, even though this truth has been slow to emerge. This has come to an end with President Trump’s executive order. What does it do? It […]

The Numbers Are in: Social Security Robs the Working Poor

The Social Security Administration’s own numbers reveal that a private investment pays more than Social Security. by  Tom Eddlem Back in 2011, investment guru Warren Buffett famously complained in the New York Times that his secretaries were paying higher federal payroll tax rates than he was: Our leaders have asked for ‘shared sacrifice.’ But when they did the asking, they spared […]

Obamacare Failed Breastfeeding Mothers

In a classic case of unintended consequences, what was meant to help new mothers actually made things more expensive and difficult. by  Lauren K. Hall I recently had a conversation with my health insurance company that gave me some interesting perspective on the current US health care system. I’m pregnant, so I called to figure out […]

Schooling Was for the Industrial Era, Unschooling Is for the Future

We’ve entered a new era, the Imagination Age, so why are we still schooling kids like we did in the 19th Century? by  Kerry McDonald Our current compulsory schooling model was created at the dawn of the Industrial Age. As factories replaced farm work and production moved swiftly outside of homes and into the larger marketplace, […]

The United States Rejected Obamacare in 1918

The AMA set out to destroy the excellent system of healthcare insurance set up by fraternal societies. by  Roger McKinney The US rejected Obamacare in 1918. What a difference a mere hundred years makes! US voters rejected mandatory health insurance, or Obamacare, at the turn of the last century. It took supporters almost another century, but […]

Football Will Perish from the Earth

By 2050, the National Football League (NFL) will be like the Barnum and Bailey Circus of today. Bankrupt, closed, irrelevant, morally passe. In the early 20th century, the circus was all the rage. After a century of the product’s consumption by a culture increasingly sensitive to the abuse of the weak and helpless—in this case, […]

Progressive Policies Are Great If You Don’t Care About the Future

Private-property protections promote in property holders a long-run perspective. by  Donald J. Boudreaux Suppose that every human being was today to learn, and to accept this knowledge beyond any doubt, that the world will end in one year, on October 5th, 2018. What would ‘ideal’ government policy look like in such a doomed world? I’m not […]

How Gun-Free Campuses Victimize Women

Firearms are an excellent force multiplier that allow for weaker would-be victims to stave off stronger attackers. by  Savannah Lindquist My college experience didn’t go as planned: I was the victim of rape. It was something I thought could never happen to me. This was something that only happened to other people, something you see on […]

Catalonia Shows the Danger of Disarming Civilians

October 1 showed the US why we need civilian guns. by  Laura Williams Since the tragic murder of 59 peaceful concertgoers in Las Vegas Sunday, I’ve heard well-intentioned Americans from all political corners echoing heartbroken and tempting refrains: Can’t we just ban guns? Surely we can all get together on the rocket launchers. Things like this […]

Finns Aren’t Breeding Taxpayers Fast Enough for the State

Redistribution programs only work if there is a large enough supply of new taxpayers to finance handouts. by  Daniel J. Mitchell The world’s best welfare state arguably is Finland. Yes, the burden of government spending is enormous and the tax system is stifling, but the nation gets extremely high scores for rule of law and human liberty. Moreover, it is one […]

Give Everyone a Raise through Payroll Tax Cuts

Income tax cuts are great, but it’s not the best way to help lower- and middle-class workers. by  James Capretta Republicans are just getting started with their effort to reform individual and corporate taxes, but already it is possible to see warning signs ahead. Opponents of reform say the effort will mainly benefit high-income households, who don’t need […]

Your House Does Not Need a New Roof at My Expense

The moral and economic issues raised by government flood insurance ought to be obvious. by  Lawrence W. Reed Pardon the pun, but I would like to discuss the subject of “sunk costs” in the context of hurricane-induced flooding.  Here’s the background, from a page one Wall Street Journal article on September 15, “Repeated Claims Flood Insurance Program”: Brian […]

IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency

Bitcoin “”puts a question mark on the fractional banking model we know today.” by  Jeffrey A. Tucker In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, […]