Entries by Foundation for Economic Education (FEE)

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, […]

How the Debate on Climate Change Is Cooling Down

The models predicting certain environmental doom were wrong, and they’ve been wrong for a while. by Marian L. Tupy In a previous column, I noted that the typical audience reaction to my talks about the improving state of the world is not joy and thankfulness for the progress that humanity is making in tackling age-old problems such as […]

The End of DACA Could Give Congress a New Start

For both Democrats and Republicans, it is a chance to pass a bill that Americans by a wide margin would welcome. When President Trump last week started a six-month countdown clock to end his predecessor’s executive order protecting immigrants who were brought illegally to America when they were children, the denunciations came fast, furious, and fevered. Angry outrage […]

The Top Three Arguments against a Universal Basic Income

Unfortunately, a welfare state by any other name is still a welfare state. — by  Brittany Hunter Every so often a new study is released, concluding that a universal basic income (UBI) is needed to fix this country’s welfare system. Most recently, the Roosevelt Institute claimed that switching to a UBI system could actually grow the economy by $2.5 […]

Even by Its Own Standards, Communism Has Failed Miserably

For all its dreams of abolishing class, communism ended in highly stratified societies. — by  Marian L. Tupy Recently, I came across a letter that Estonian Justice Minister Urmas Reinsalu sent to his Greek counterpart, Stavros Kontonis. The letter was prompted by the Greek politician’s refusal to attend a conference on the crimes of communism that Reinsalu had organized […]

Yes, the Alt-Left Exists and It’s Terrifying by Keri Smith

For those self-identified liberals who may have been seduced by this belief system, by its propaganda, and are fuming at this piece, thank you for reading. —  Keri Smith When writing this piece, a quote kept rattling around in the back of my head. It was the title of the opening chapter of “The Feminine Mystique,” […]

‘Liberal Socialism’ is Another False Utopia by Richard M. Ebeling

Very often bad and failed ideas do not die, they simply reappear during periods of supposed social and political crisis in slightly different intellectual garb, and offer “solutions” that would merely help to bring about some of the very types of crises for which they once again claim to have the answers. Socialism in its […]

Unions Are the Worst Labor Day Deal by Gary M. Galles

Every Labor Day, unions repeat assertions of advancing the interests of all workers. But those claims are false. Unions harm most American workers. Project Labor Agreements Unions use government-delegated powers to restrict competition from other workers, extracting higher wages for their members. But higher wages mean fewer job openings because each worker is more expensive […]

Obama Policy That Encourages Banking Discrimination Is Finally Ending by Daniel J. Mitchell

Trump has been President for more than 200 days and those of us who want more economic liberty don’t have many reasons to be happy. Obamacare hasn’t been repealed, the tax code hasn’t been reformed, and wasteful spending hasn’t been cut. The only glimmer of hope is that Trump has eased up on the regulatory burden. More should be […]

Millennials Are in a Love Triangle with Capitalism and Socialism by Andrew J. Taylor

There’s been a lot of talk recently about how Millennials – the generation born between roughly 1980 and 2000 – think about economics. Much of it was sparked by the fanatical support for self-described “Democratic Socialist” Bernie Sanders from young people in the Democratic primary for president last year. Millennials have economic attitudes that are […]

Child Labor Was Wiped Out by Markets, Not Government by Antony Davies & James R. Harrigan​

In 1938 the US government passed the Fair Labor Standards Act mandating a forty hour work week, establishing a minimum wage, and prohibiting child labor. Because of legislation like this, government is often credited for making the American work environment safer and more fair. Yet, as Antony Davies and James Harrigan demonstrate with historical data, […]