Entries by Foundation for Economic Education (FEE)

Your Socialism is Bad and You Should Feel Bad by Daniel J. Mitchell

I’m tempted to say that statism is sort of like a cult. Proponents of socialism and other big-government ideologies have a dogmatic zeal that blinds them to reality. For instance, no nation has ever become rich with big government. But that doesn’t stop leftists from advocating in favor of higher taxes and more coercive redistribution. […]

What Eastern Europe Can Teach Cuba and Venezuela by Daniel J. Mitchell

It appears that Venezuela is on the brink of collapse as it enters the fourth circle of statist hell. And the death of Cuba’s long-time dictator gives hope that the people of that island nation may soon escape communist tyranny. Moreover, one certainly hopes that the lunatic leadership of North Korea’s brutal regime won’t last […]

The U.N. Has Absolutely No Idea How Economic Growth Works by Daniel J. Mitchell

I’ve been at the United Nations this week for both the 14th Session of the Committee of Experts on International Cooperation in Tax Matters as well as the Special Meeting of ECOSOC on International Cooperation in Tax Matters. As you might suspect, it would be an understatement to say this puts me in the belly […]

Why Black Families Are Rejecting Public Schools by Annie Holmquist

Because of their long-fought battle for equal access to education, it is generally assumed that black families are big fans of public schooling. That assumption, however, is beginning to show its datedness, as evidenced by the research of University of Georgia College of Education professor Cheryl Fields-Smith. In a recent interview with The 74, Dr. […]

Poland’s Semi-Authoritarian Slide Is a Wake Up Call for Europe by Katarzyna Szczypska

In the fall of 2015, the Polish political arena was shaken by the overwhelming victory of the socially conservative and nationalist Law and Justice Party (PiS). The party has subsequently embarked on dismantling democracy through media control, limits on civil liberties, and paralyzing judicial independence. Poland, once an unquestionable success story in the former Eastern […]

There Is No Such Thing as a ‘Resource Curse’ by Tyler Bonin

The world’s newest country, South Sudan, is suffering one of the worst famines in history, with nearly a million South Sudanese on the verge of starvation, after having suffered through two years of civil war. South Sudan falls within the bottom quartile of countries in per capita GDP, despite having the third largest oil reserves […]

Why Is Trump Waging War on the Freedom Caucus? by Jeffrey A. Tucker

Why is Trump attacking the House Freedom Caucus? He has tweeted that “we must fight them.” My first thought: this is inevitable. Destiny is unfolding before our eyes! There is the obvious fact that the Freedom Caucus was the reason the GOP’s so-called replacement for Obamacare went down to defeat. They fought it for a […]

Why Single-Payer Health Care Delivers Poor Quality at High Cost by Daniel J. Mitchell

I shared last year a matrix to illustrate Milton Friedman’s great insight about the superior results achieved by markets compared to government. Incentives explain why markets work best. When you spend your own money on yourself (box 1), you try to maximize quality while minimizing cost. And that drives the businesses that are competing for […]

Real vs Fake Health Care Reform, and How to Tell the Difference by Jeffrey A. Tucker

You want to know why the “freedom caucus” has balked at passing the Trump-backed Ryancare health care proposal? Because the package does not address the core problem of the existing system. They are leaning – correctly – on a brilliant insight from F.A. Hayek. Let’s think this through. What was the most fundamental problem with […]

It’s Fake News to Call the ‘Freedom Caucus’ the ‘Rebellious Far Right’ by Jeffrey A. Tucker

My hope is that this article will settle this nonsense once and for all. It won’t. Fake news outlets will persist as long as they are allowed to get away with it. It’s a smear and an outright lie but it goes on often, especially recently. The Background First of all, as you undoubtedly know, […]

VIDEO: Why the Liberty Movement in Europe Is Rocking So Hard by Jeffrey A. Tucker

I was truly startled by the energy, enthusiasm, intelligence, and passion of the people who attended LibertyCon – sponsored by the European Students for Liberty – in Prague this year. I was honored to be a speaker, but especially excited to have my first exposure to a remarkable movement taking shape in Europe, one that […]

5 Charts That Will Shift Your Perspective on Poverty by Chelsea Follett

Angus Deaton, the Nobel-prize winning economist (who also sits on the advisory board of HumanProgress.org), recently reiterated his belief that on the whole the world is getting better–if not, as he accepted, everywhere or for everyone at once. Perhaps that comes as no surprise, but the idea that the world is getting better in regards to poverty is […]

What American Populism Really Means by David Smith

The people had finally found their leader, a champion for those who had built the country with their hard work and yet now believed themselves to be silenced and ignored—left behind by the artificial currents of contemporary life. He would make their voices heard again. They didn’t think of themselves as angry—at least not without […]

Trillions in Debt and We’re Just Scratching the Surface by Antony Davies and James R. Harrigan

As the federal debt has gone from astounding to unbelievable to incomprehensible, a new problem has emerged: The US government is actually running out of places to borrow. How Many Zeros Are in a Trillion? The $20 trillion debt is already twice the annual revenues collected by all the world’s governments combined. Counting unfunded liabilities, which […]