Entries by Foundation for Economic Education (FEE)

Bernie Is a Capitalist, Whether He Likes It or Not

Sen. Bernie Sanders belatedly released his tax returns this week. The New York Times reported: The returns show that Mr. Sanders’s earnings shot up after his first presidential bid, when he built up a vast national following. He and his wife, Jane O’Meara Sanders, reported income that topped $1 million in 2016 and 2017, lifted by […]

Income Is Determined by the Scarcity of Your Contribution, Not the Value of Human Worth

In a few months’ time, my wife and I will send our second child to daycare. Like all parents, nothing is more precious to us than our children. So it’s surprising that the people whom parents trust to take care of their kids—childcare workers and preschool teachers—get paid median salaries of just $22,290 and $28,990 a year. This […]

Bernie Sanders’s Idea of Economic Rights Is the Path to Serfdom

Such a policy will require the government to wield a huge amount of control over the direction of the economic activity of the state. – Adam Toomey Senator Bernie Sanders fired up the Twitterverse last Sunday with an impassioned tweet touting the “economic rights” of the citizen. Everyone has the “right to a decent job, the […]

Plastic Bag Bans Won’t Help the Environment, But They’ll Cause More Foodborne Illnesses

Plastic bags are less than one percent of all litter. New York lawmakers have followed California’s lead and decided to ban grocery stores from giving customers plastic bags. They hope shoppers will use their own cloth bags instead. This ban on plastic bags will harm shoppers in multiple ways. As Daniel Frank sarcastically notes, “Reusable tote bags” can “cause food […]

Antonio Gramsci: the Godfather of Cultural Marxism

There’s little debate that modern-day American universities, public education, mainstream media, Hollywood, and political advocacy groups are dominated by leftists. This is no accident, but part of a deliberate strategy to pave the way for communist revolution developed more than eight decades ago by an Italian political theorist named Antonio Gramsci. Described as one of […]

Two Ways Our World Resembles “1984”

hen I took 1984 with me on vacation recently, I didn’t expect to read it. Unlike the two other books with me—Jordan Peterson’s 12 Rules for Life and Matt Ridley’s The Rational Optimist—I had already read Orwell’s classic work. Or had I? It had been at least 25 years. Most of what I remembered seemed to be fragments of quotes […]

The Most Intolerant County in America (and the Most Tolerant City)

Suffolk County Massachusetts, which represents the heart of the Boston-Cambridge-Newton part of New England, appears to be the most politically intolerant county in the US. he Atlantic recently asked PredictWise, an analytics firm, to rank US counties based on partisan prejudice (“affective polarization”). The results are now in, and they are fascinating. The most intolerant country was […]

Fascism: Socialism with a Capitalist Veneer

As an economic system, fascism is socialism with a capitalist veneer. The word derives from fasces, the Roman symbol of collectivism and power: a tied bundle of rods with a protruding ax. In its day (the 1920s and 1930s), fascism was seen as the happy medium between boom-and-bust-prone liberal capitalism, with its alleged class conflict, wasteful competition, and profit-oriented […]

Lawmakers in Hawaii Propose Repealing Second Amendment

This is not the first time Democratic senators in Hawaii have called for congressional action on guns and gun violence. Legislators in Hawaii, which has some of the most restrictive gun laws in the United States, moved this week to bring their concerns about the Second Amendment to the national level. In Senate Concurrent Resolution (SCR) No. 42, introduced Tuesday, Democratic […]

My Family Fled Communism When I Was 6. Now We Fear Our Nightmare Has Followed Us Here

Can my cow fat skin-creams make me a target here in the United States similar to my dad in communist Romania? Following the State of the Union address, I found the state of the nation surreal. I kept skimming past articles about the Democratic Party’s proposed economic stimulus packages, collectively known as the Green New […]

Economist: The Green New Deal Is Built on Fear, Not Facts

Last week, environmental activist and leader of the anti-carbon campaign group 350.org, Bill McKibben, sent a valentine to Rep. Alexandria Ocasio-Cortez and Sen. Ed Markey arguing that the Green New Deal, far from resulting in a return to the Dark Ages, would instead prevent exactly that. He tells us that those opposed to the measure “have one plan […]

The Income Tax: Still the Root of All Evil

February 25 is a momentous day in American history. It is the day in 1913 the 16th Amendment took effect. February 25 is a momentous day in American history. It is the day in 1913 the 16th Amendment, authorizing a federal income tax, took effect with the certification of Secretary of State Philander C. Knox. Because of […]

“Restaurant Recession” Hits NYC Following $15 Minimum Wage

This will be a rough year for full-service NYC restaurants as they try to navigate a future with significant economic headwinds and significantly higher labor costs from the city’s $15 an hour minimum wage. An article in the New York Eater (“Restaurateurs Are Scrambling to Cut Service and Raise Prices After Minimum Wage Hike“) highlights some of […]