Entries by Foundation for Economic Education (FEE)

Karl Marx’s Flight from Reality by Richard M. Ebeling

Though it may seem strange, Karl Marx was not always a communist. As late as 1842, when Marx was in his mid-20s, he actually said he opposed any attempt to establish a communist system. In October 1842, he became editor of the Rheinische Zeitung [the Rhineland Times], and wrote in an editorial: The Rheinische Zeitung […]

The Ex-Im Bank Is the Heart of the Swamp by Daniel J. Mitchell

I’ve written many times that Washington is both a corrupt city and a corrupting city. My point is that decent people go into government and all too often wind up losing their ethical values as they learn to “play the game.” I often joke that these are people who start out thinking Washington is a […]

Dear China: Thank You for Manipulating Your Currency by Mark J. Perry

fRom a Wall Street Journal article earlier this week “U.S. Eyes New Tactic to Press China“: The White House is exploring a new tactic to discourage China from undervaluing its currency to boost exports, part of an evolving Trump administration strategy to challenge the practices of the U.S.’s largest trading partner while stepping back from […]

VIDEO: Universal Basic Income is Even Worse than Welfare by Bryan Caplan

Libertarians have a standard set of fundamental criticisms of the welfare state. Forced charity is unjust. Individuals have a moral right to decide if and when they want to help others. Forced charity is unnecessary. In a free market, voluntary donations are enough to provide for the truly poor. Forced charity gives recipients bad incentives. If […]

DeVos Confirmed: Everything They Said about Her Is False by James Agresti

Betsy DeVos has been confirmed as Secretary of Education, but just barely. In the course of the hearings, outrageous claims were made about her views. Most originated from the public school industry itself, which is clinging to old forms for dear life. The result has been nothing but confusion. Let’s look more carefully. In an […]

Oxfam Uses Absurd Metrics and Gets Absurd Results by Chelsea Follett

Every year, Oxfam releases a report meant to shock the public about the extent of income and wealth inequality. This year’s report claims that the eight richest people on Earth have as much wealth as the bottom half of the world’s population (3.6 out of 7.2 billion people). That’s certainly shocking. It’s also profoundly misleading. As others have pointed out, Oxfam […]

What’s Truly Remarkable about Bitcoin: It Exists by Jeffrey Tucker

It was the second week of February 2013 when I first ventured a public opinion that Bitcoin is the real deal. The dollar exchange rate was at $25, on its way toward another run-up and crash that had been the pattern for two years. I had just returned from a conference where some Bitcoiners surrounded […]

90,000 Pages of Bureaucratic Hell

There are records, and then there are records. A month ago, I blogged that President Barack Obama’s Federal Register, the daily depository of rules and regulations, stood at 81,640 pages for 2016. That topped the all-time record—also held by Obama—of 81,405 pages in 2010. And it happened before Thanksgiving. Since November 17, the Federal Register has […]

The Failure of Public Schooling in One Chart by Daniel J. Mitchell

While I have great fondness for some of the visuals I’ve created over the years (especially “two wagons” and “apple harvesting“), I confess that none of my creations have ever been as clear and convincing as the iconic graph on education spending and education outcomes created by the late Andrew Coulson. I can’t imagine anyone […]

I Believed Communism Would Liberate the World from Oppression — I Was Catastrophically Wrong

By Max Forrester Eastman… People who read these reflections may wonder how I arrived at the understanding that socialism has failed. I am describing the whole experience in another book, but here a brief glance at the intellectual road I traveled may be helpful. It has not been so winding a road as some may […]

The Real Reason We Have Ethanol in Our Gas by William O’Keefe

To get enough votes to pass the 1990 Clean Air Act Amendments, Democrats led by Henry Waxman made a deal with the corn lobby.  In exchange for its support, Congressman Waxman committed to an oxygenate provision—essentially a mandate to blend corn derived ethanol into gasoline. As a way of disguising this requirement, Congress wrote the […]

Judge Blocks Oppressive Overtime Regulation by Jeffrey A. Tucker

Only days before the enforcement was to begin, Texas federal judge Amos L. Mazzant III has blocked the imposition of the Obama administration’s egregious overtime regulations that have already had a terrible effect on American businesses and workers. The judge said, essentially, that the Department of Labor did not have the authority to issue these […]

Government Transportation is Literally a Train Wreck by Jairaj Devadiga

In March of 2015, Germanwings Flight 9525 crashed into a mountain, killing all 150 people on board. On November 20 of this year, the Indore-Patna Express derailed after a suspected rail fracture, killing at least 149 people. Both events were tragic and probably preventable, but the responses to these tragedies couldn’t be more different. Germanwings […]

Americans Are Embracing Bad Government Because They Don’t Know History by Annie Holmquist

Recent news has proudly informed us that U.S. graduation rates are rising. Unfortunately, rising grad rates don’t tell the whole story. If one truly wants to know how American students are doing in school, a look at the Nation’s Report Card might offer a better picture. Those numbers tell us that not even half of […]