Entries by Foundation for Economic Education (FEE)

The New York Times Reveals the Horrors of Capitalism—By Showing China’s State-Run Hospitals

If the Times had visited one of China’s many private hospitals, they would have found something quite different from the chaos depicted in China’s public health care facilities. The New York Times released a 10-minute video last month entitled “How Capitalism Ruined China’s Health Care System.” The video attempts to blame capitalism for the many problems in China’s […]

35 of Ayn Rand’s Most Insightful Quotes on Rights, Individualism, and Government

Some insightful words from one of the greatest minds of the 20th century. Alisa Rosenbaum was one of the most controversial writers in America’s history. Why, then, have few people heard of her? Because both people’s plaudits and their intemperate attacks have been aimed at the new name she adopted after leaving Russia for America—Ayn Rand. […]

The Case for Vaccine Mandates—Refuted

Vaccination status doesn’t actually tell us whether a person poses a threat to others. Early in the pandemic, before vaccines were available, my uncle got COVID-19 and unknowingly passed it to my aunt. She was at high risk, trailing a small oxygen tank behind her wherever she went, and the disease quickly took its toll. […]

Vaccination Rates Not Linked to Lower COVID Rates, Epidemiology Paper Finds

A new paper in the European Journal of Epidemiology that analyzed 168 countries and 2,947 US counties found that higher vaccination rates were not associated with fewer COVID-19 cases. On Friday, the San Francisco Chronicle published an article noting that California has some of the lowest COVID-19 case rates in the US, even though the Golden State’s […]

Why the Push Is on to Make Pandemic Life ‘Permanent’

COVID-19 is new. But the reaction to the crisis is starting to look familiar. One year after Americans were ordered to close down society for “two weeks to flatten the curve,” Bloomberg columnist Andreas Kluth warned, “We Must Start Planning for a Permanent Pandemic.” Because new variants of SARS-COV-2 are impervious to existing vaccines, says Kluth, and pharmaceutical […]

Why a Capital Gains Tax Increase Would Be a Massive Jobs [and Wealth] Killer

Although startups comprise less than one percent of all companies, they generate 10 percent of new jobs in any given year. When discussing the economic growth of a post-COVID landscape, too often the role of angel investors is overlooked. Angel investors, or private investors who are often wealthy, finance small business ventures in exchange for equity. For […]

‘Bracket Creep’: Voters in These 22 States Could See Direct Tax Hikes Due to Inflation, New Analysis Warns

Inflation is often described as a “hidden tax,” because it is driven by policy decisions and erodes citizens’ real purchasing power. But in 22 states, the high consumer price inflation observed over the last year could trigger direct tax increases as well, a new analysis warns. The Tax Foundation’s Jared Walczak reports that 22 states and Washington, DC have […]

Stanford Epidemiologist Says COVID Vaccination Is Primarily a Matter of Personal Health, Not Public Health

An abundance of scientific data undermine justifications for COVID vaccination mandates, which violate long-standing principles of bodily autonomy and individual rights. As one-size-fits-all COVID vaccine mandates sweep government, academia, and corporate America, new data are emerging that undermine the public health justifications for these policies. Studies from multiple countries now indicate that vaccination alone is less […]

Cities Lead the Way in (Another) Massive Fall Exodus from US Public Schools

Many parents pulled their children out of school last year for homeschooling and other private options, as schools remained shuttered due to the coronavirus response. Nationwide, homeschooling numbers tripled last year from their pre-pandemic levels, driven largely by black families who left district schools for homeschooling at the highest rate of any demographic group and are now […]

Millions Died Thanks to the Mother of Environmentalism

On Jan. 24, 2017, PBS aired a two-hour special on Rachel Carson, the mother of the environmental movement. Although the program crossed the line from biography to hagiography, in Carson’s case, the unbridled praise was well deserved – with one exception. Rachel Carson was an American hero. In the early 1960s, she was the first […]

Lockdowns Coincided With Record-Breaking Drug Overdose Fatalities, New CDC Data Show

The sad yet inescapable conclusion is that in their efforts to halt one public health crisis, the authorities fueled another. The first year of the COVID-19 pandemic will go down in American history as one of loss, economic suffering, and social strife. Not only did hundreds of thousands of citizens die of COVID-19, but the […]

California Town Sees Businesses Vanish Following Minimum Wage Hike

A couple of years ago, I praised federalism in part because state and local governments would be less likely to adopt bad policy (such as higher minimum wages) if they understood that jobs and investment could simply migrate to jurisdictions that didn’t adopt bad policy. But “less likely” isn’t the same as “never.” Some state and local politicians can’t […]

How Much Per Person Does Your State Collect in Excise Taxes?

Either way, these policies rarely accomplish what policymakers intend them to do. As the great French economist Frédéric Bastiat proclaimed, When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it. […]

Biden Plan Would Sabotage U.S. Economic Competitiveness in One Huge Way, Analysis Finds

That’s not ‘Building Back Better’—it’s shooting ourselves in the foot.   President Biden has heralded his $4.5+ trillion spending proposals and accompanying tax hikes as an investment in “leading the world versus letting it pass us by.” Yet, paradoxically, a new analysis exposes one huge way Biden’s plans would make the US less competitive on the […]

Panic Has Led to Government “Cures” That Are Worse than the Disease, History Shows

Let’s take the novel coronavirus seriously, but let’s not throw reason, prudence, or the Constitution out the window. Anyone who’s seen the John Hughes movie Ferris Beuller’s Day Off probably remembers the scene where Ferris’s economics teacher (Ben Stein) explains the Smoot-Hawley Tariff Act to a roomful of bored, sleeping students. The scene is brilliant for many reasons, perhaps […]