Entries by Foundation for Economic Education (FEE)

Black Lives Matter Demands have Virtually Nothing to do with the Police by Daniel Bier

On August 1, the “Movement for Black Lives” (an umbrella organization for about 50 groups associated with the Black Lives Matter movement) released a list of demands going into the general election campaign. The New York Times reports, The list of six platform demands is aimed at furthering their goals as the presidential campaign heads into the homestretch. […]

Good News, Elizabeth Warren: Women Already Have Equal Pay by Diana Furchtgott-Roth

At the Democratic Convention, Senators Elizabeth Warren and Cory Booker lamented that American women do not earn “equal pay for equal work.” A Hillary Clinton administration, they promised, would right this wrong. The latest U.S. Department of Labor data show that women working full-time make 81 percent of full-time men’s wages. But this figure is both […]

The Tax Army Is Three Times Larger than the U.S. Army by Donald J. Boudreaux

The Office of Management and Budget has released new data on the amount of time Americans spend complying with the federal tax code. Tax Foundation summarizes the data here. Individuals and businesses spend 8.9 billion hours a year on federal tax paperwork, which is equivalent to 4.3 million people working full-time and year-round on this unproductive […]

The TSA Descends from Incompetence to Inhumanity by Becky Akers

As Americans celebrated their freedom this Fourth of July, headlines graphically proved how diminished that liberty is. Hannah Cohen, 18 years old and severely disabled from a brain tumor, sued the TSA and local cops for beating her bloody. Hannah’s “crime”? She had neither understood nor complied with their orders when trying to board a […]

The US Postal Service Is a Ridiculous Relic by Daniel J. Mitchell

I don’t mind being polemical on occasion, but I generally don’t accuse my opponents of being “socialists.” American leftists generally focus on redistribution and regulatory intervention, and socialism technically means that the government directly owns, operates, and controls various sectors of the economy (think, for example, of the difference between Obamacare and the U.K.’s system, where doctors are public employees […]

Venezuela Has Made It Impossible to Run a Business by Rachel Cunliffe

Businesses in Venezuela have a problem. Actually, almost everyone in Venezuela has a great many problems. Starvation, for example. Shortages of basic goods. Dysfunctional and understaffed hospitals, which lack medications. A corrupt and increasingly militarised government determined to protect the incumbent president, Nicolás Maduro, at all costs. Shortages, inflation, and protectionism cripple the economy.But businesses, especially […]

The Most Schooled Generation in History Is Miserable by Zachary Slayback

It’s said that sadness isn’t the opposite of happiness — boredom is. A fully schooled generation has created a generation of bored adult children.With this in mind, is it any surprise that children, adolescents, and young adults today are so unhappy? Is it any surprise that so many turn to extending their schooled lives into structured activities as […]

Democratic Socialism Debunked: The rhetoric and the reality never changes [+Videos]

Socialist rhetoric changes very little over time. It turns out to be rather easy to juxtapose refutations from decades ago against the blather you hear on the news today. As with economics generally, the fallacies of collectivist statism must be refuted in every generation. So here we have video of Milton Friedman dealing with the […]

‘Forgiving’ Government Employees’ Student Debt Is a Bad Idea by Jesse Saffron

Bills filed in the North Carolina General Assembly would provide student loan debt relief to “public interest” attorneys and to K-12 teachers. Both proposals are ill-advised. Rather than erase debt for those in politically connected groups, lawmakers should work to address the root causes of skyrocketing college costs, which are borne by all North Carolina […]

When Employers Compete, Workers Win — When They Can’t, Workers Lose by Donald J. Boudreaux

David Henderson does a very nice job summarizing why stripping workers of the right to offer X as part of an employment contract makes most workers worse off, even if the intention of the government officials who do the stripping is to help workers — and, indeed, even if a Nobel laureate economist misses this […]